Asia-Pacific Connected Logistics Market Poised for Robust Growth, forecasted to Expand at 18% CAGR from 2023-28
MarkNtel Advisors has released its latest report highlighting strong growth in The Asia-Pacific Connected Logistics Market is expected to grow at a CAGR of more than 18% CAGR during the forecast period, i.e., 2023-28.
Report Coverage
This report offers a comprehensive analysis of the Asia-Pacific Connected Logistics Market, providing valuable insights across historical trends, current dynamics, and future forecasts.
- Base Year: 2022
- Forecast Years: 2023-28
- Historical Years: 2018-21
Asia-Pacific Connected Logistics Market Overview
Currently, the market is in its nascent phase, and future growth would be driven primarily by the ever-growing need for optimizing the transportation logistics industry to reduce operational costs carbon emissions and the rapidly growing penetration of Industry 4.0 industrial IoT devices. Besides, rapid technological advancements in transportation, the flourishing manufacturing e-commerce sectors, and massive investments by governments in megacity projects are other prominent aspects projected to drive the connected logistics market in the forecast years.
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Asia-Pacific Connected Logistics Market Segmentation Outlook
The Asia-Pacific Connected Logistics is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Software
- Asset Management
- Remote asset tracking
- Predictive asset management and monitoring
- Warehouse IoT
- Warehouse management system
- Warehouse control system
- Building Automation system
- Security
- Network Management
- Data Management
- Streaming Analytics
By Product Type
- Device Management
- Application Management
- Connectivity Management
By Service
- Professional Service
- Consulting service
- Integration and deployment
- Support and maintenance
- Managed Service
By Transportation
- Roadways
- Railways
- Airways
- Seaways
By End-User
- Retail
- Manufacturing
- Oil Gas and Energy
- Pharmaceuticals and Healthcare
- Automotive
- Aerospace and Defence
- Food and Beverage
- Others (Chemicals, Telecom IT, etc.)
By Country
- China
- Japan
- India
- South Korea
- South East Asia
- Australia
- New Zealand
- Rest of Asia-Pacific
Asia-Pacific Connected Logistics Market Driver
Mounting Adoption of IoT-Enabled Connected Devices - Rising fuel costs and carbon emission pollution levels have amplified the adoption of IoT- enabled connected logistics solutions equipped with cloud technology, sensors, IoT for the remote management, monitoring, and control of supply chain operations. IoT adoption has proved to improve the efficiency of the supply chain platform for the logistics transportation industry as it offers complete visibility and quicker detection of network issues that help in effective timely decision-making and, in turn, allow for long-term cost savings. Hence, several logistics transportation companies are increasingly adopting IoT devices for their associated benefits, i.e., spurring growth in the connected logistics industry across Asia-Pacific.
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Top Asia-Pacific Connected Logistics Market Brands Their Strategic Market Positioning
MarkNtel Advisors Research identifies SAP SE, American Telephone and Telegraph Inc. (ATT), Parametric Technology Corporation Inc. (PTC), Cisco Systems, Inc., Zebra Technologies Corporation, International Business Machines Corporation (IBM), Oracle Corporation, Eurotech S.p.A., SecureRF, Intel Corporation,Others as key players shaping the market landscape.
Asia-Pacific Connected Logistics Market News
- On 8 February 2022, Oracle signed a deal with RHI Magnesita, the world's leading supplier of refractory products, to support the latter's expansion technology modernization. Upon the implementation of Oracle's Fusion Cloud Transportation Management, as selected by RHI, its shipping locations will run on one unified transport management system covering all aspects of its logistics processes.
Key Questions Answered in the Report
- What is the market size (value volume) along with the current future trends, growth factors challenges, etc.?
- How the industry has been evolving, and which segments would dominate the market during the forecast period?
- What are the key opportunity areas that companies foresee in the coming years 2028?
- Who are the key players in the market, and what are their competitive strengths?
- What are the key growth drivers challenges associated with the market, and how would they impact the market through the forecast period?
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