Freighting operations are a major aspect of logistics and supply chains, and most of these are carried out via roadways, which is a dominant segment in the connected logistics marketplace.
FID tags are witnessing growing adoption on account of heightened demand for effective supply chain management. This in turn is bolstering the growth of connected logistics market. FMI projects the global connected logistics market will exceed approximately US$ 47.6 Bn by 2029 end.
“Logistics industry is incorporating technologies such as Artificial Intelligence to manage inventory and reduce operational costs. Moreover, key players utilize this technology to manage networks, optimize delivery routes and to predict demand. Artificial Intelligence has helped streamline the entire logistics ecosystem,” concludes the FMI report.
Key Takeaways of Connected Logistics Market Study
Connected Logistics Market – Key Growth Factors
Connected Logistics Market – Key Restraints
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Competitive Landscape
More about the Report
This Future Market Insights study of 388 pages provides all-inclusive insights on the global connected logistics market. The market analysis is based on component (devices, software, and services), transportation (roadways, railways, airways, and seaways), and vertical (manufacturing, IT & telecom, automotive, retail & consumer goods, food & beverages, healthcare, energy & utilities) across six regions (North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa).
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Aug 10, 2022