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Internet of Things (IoT) in Logistics Market: Technological Advancement & Growth Analysis with Forecast to 2024


Internet of Things IoT in Logistics Market Research Growth 2024

The global Internet of Things (IoT) in logistics market is anticipated to be driven by an increase in cost pressure and a rise in demand for automation of processes. The logistics industry has adopted IoT solutions at a slower pace than other industries. Hence, automation of business processes drives the Internet of Things (IoT) in logistics market. Furthermore, automation is happening in all industries, and the benefits are groundbreaking for enterprises, with higher productivity, better consumer awareness, and innovative business models. However, customers have to make substantial investments and experience high maintenance costs which are restraints of the market.

The global IoT in logistics market is anticipated to reach US$ 63,728.6 Mn by 2026 at a CAGR of 12.4% during the forecast period.

Logistics companies invest in automation to increase efficiency, speed, and optimization & timing of the services, thus increasing revenue and customer satisfaction. From a range of rapid high-tech evolutions and in a progressively digital environment where automation is affecting the entire industry, most of the board members of transport & logistics companies appreciate IoT solutions (to optimize production, engage with customers, and operations) as key areas of investment.

This report presents a comprehensive overview, market shares and growth opportunities of Internet of Things IoT in Logistics market by product type, application, key companies and key regions.

This study considers the Internet of Things IoT in Logistics value generated from the sales of the following segments:

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Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Traffic and Fleet Management
Resource and Energy Monitoring
Others Operations Management, Data Analysis
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Yard/ Dock

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
United States
Southeast Asia
Middle East & Africa
South Africa
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Cisco Systems Inc.
Octonion SA
Kaa IoT Technologies
NEC Corporation
Honeywell International
Novire Technologies
Intel Corporation
Oracle Corporation
Bosch Software Innovations GmbH
Rockwell Automation, Inc.
Amazon Web Services
International Business Machine IBM Corporation
PTC Inc.

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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Internet of Things IoT in Logistics market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Internet of Things IoT in Logistics market by identifying its various subsegments.
Focuses on the key global Internet of Things IoT in Logistics players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Internet of Things IoT in Logistics with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the size of Internet of Things IoT in Logistics submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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