Home > Automotive > Automotive Logistics > Logistics Technology > Connected Logistics Market

Connected Logistics Market Share

Report ID: GMI10101
Published Date: Jul 2024
Report Format: PDF

Download Free Sample

Connected Logistics Market Share

IBM Corporation and Cisco System Inc. hold a significant share of over 15% in the connected logistics industry. IBM's expertise in cloud computing, data analytics, and AI, coupled with Cisco's leadership in networking solutions and IoT infrastructure, enable them to offer comprehensive connected logistics solutions. Together, these companies provide integrated platforms that enhance supply chain visibility, optimize operations, and improve decision-making processes for businesses globally. This collaborative approach leverages advanced technologies to address evolving market demands, driving innovations and efficiency across logistics & supply chain management sectors.

Some of the other major players in the market are HCL Technology Limited, NEC Corporation, DHL International GmbH, FedEx Corporation, United Parcel Service (UPS), Alibaba Group, Siemens AG, and Oracle Corporation.

Connected Logistics Market Companies

Major players operating in the connected logistics industry are:

IBM Corporation
Cisco System Inc.
Honeywell International Inc.
Intel Corporation
Infosys Limited
ORBOCMM
Freightgate Inc.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of connected logistics reached USD 33.7 billion in 2023 and is set to witness over 10% CAGR from 2024 to 2032, owing to the increasing use of Internet of Things (IoT) technology worldwide.

Connected logistics industry from the hardware segment is expected to reach USD 45 billion by 2032, due to increasing adoption of IoT device s and sensors in logistics and supply chain operations.

North America market held over 35% share in 2023, attributed to a strong presence of industries such as e-commerce, automotive, healthcare, and retail in the region.

IBM Corporation, Cisco System Inc., Honeywell In ternational Inc., Intel Corporation, Infosys Limited, ORBOCMM, and Freightgate Inc., are some of the major connected logistics companies worldwide.