The
global connected logistics market is poised to grow by USD 29.66 billion during 2020-2024, progressing
at a CAGR of almost 22% during the forecast period.
The market is driven by the effective management of
temperature-sensitive products. In addition, the increasing need to enhance
connectivity and reduce energy consumption is anticipated to boost the growth
of the connected logistics market.
The lack of an effective supply chain system in developing
countries results in significant loss of temperature-sensitive products such as
F&B products and drugs and vaccines every year. Also, a majority of storage
networks do not follow the desired temperature conditions prescribed by
regulatory guidelines. Hence, organizations are exhibiting strong demand for
smart refrigerator systems backed with technologies such as IoT, analytics, and
cloud computing solutions. The adoption of such connected logistics systems
will help organizations to efficiently manage temperature-sensitive products
under fluctuating climatic conditions. Therefore, the rising need for the
effective management of temperature-sensitive products is one of the key
factors driving the growth of the global connected logistics market.
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Major Five Connected Logistics Market Companies:
Accenture Plc
Accenture Plc operates its business through segments such as
Communications, Media & Technology, Financial Services, Health & Public
Service, Products, and Resources. The company offers a wide range of connected
solutions and services to the logistics industry through sophisticated tools
designed for statistical surveying, process optimization, and root-cause
analytics.
Amazon.com Inc.
Amazon.com Inc. operates its business through segments such as
North America, International, and Amazon Web Services. AWS Connected Vehicle
Solutions is the key offering of the company.
AT&T Inc.
AT&T Inc. operates its business through segments such as
Communications, WarnerMedia, Latin America, and Xandr. The company offers a
wide range of connected logistics services such as asset tracking, consignment
inventory management, freight monitoring, reverse logistics, equipment and
machinery management, and others.
Cisco Systems Inc.
Cisco Systems Inc. operates its business through segments such
as Infrastructure Platforms, Services, Applications, Security, and Others. The
company offers connected logistics solutions to improve safety, mobility, and
operational efficiency of the logistics process.
International Business Machines Corp.
International Business Machines Corp. operates its business
through segments such as Cognitive Solutions, Global Business Services,
Technology Services & Cloud Platforms, Systems, and Global Financing. IBM
Sterling Supply Chain Suite is the key offering of the company.
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