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According the report, The adoption of IOT in logistics has been adopted by countries like North America and Europe due to increase in automation and reduction of cost in logistic Industry followed by APAC countries which is a attractive region due to increase use of electronic gadgets, smart devices. is one of the primary growth factors for the market. Increase in demand for smarter chain operations. is also expected to contribute significantly to the IOT IN LOGISTICS market. Overall, Maintenance and Services applications of IOT IN LOGISTICS, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Global IoT in Logistics” market is expected to reach $1,050.95 billion by 2022, growing at an estimated CAGR of 35.5% during the forecast period 2019–2025.
AMA’s Analyst on the Global IOT IN LOGISTICS market identified that the demand is rising in many different parts of the world as “Increase in production efficiency and reduction in cost”. Furthermore, some recent industry insights like “Increase in number of internet users along with rapid popularity of social has resulted in increase in awareness of IOT solutions” is constantly making the industry dynamic.
Market Overview: Internet of things (IOT) in logistics is an integrated hardware that connects all smart devices such as sensors, vehicles and equipment. It provides operational efficiency, fleet management, automated warehouse operations. IOT saves all the data which is generated by operations and logistic Industry. This data is later analyzed to improve safety, security and productivity. , IOT in logistics is a multibillion dollar market. and Global IOT in logistics is expected to reach CAGR of 12% by 2026 during the forecast period.
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The adoption of IOT in logistics has been adopted by countries like North America and Europe due to increase in automation and reduction of cost in logistic Industry followed by APAC countries which is a attractive region due to increase use of electronic gadgets, smart devices.
Increase in demand for smarter chain operations.
Reliably knowing who is available on site
Time and attendance fraud by contractors
Increase in production efficiency and reduction in cost
Major Market Developments
The perishable goods industry such as food & beverages, and healthcare industry will drive IoT in logistics market. and Companies are investing in the route optimization solutions which helps in optimizing the business processes
Increase in number of internet users along with rapid popularity of social has resulted in increase in awareness of IOT solutions
Regional and International vendors
The Study is segmented by following Product Type: Hardware- Camera, Sensor, Screen/display , Software- Traffic management, advanced driver assistance, fleet management and Services- Support, Maintenance, Management, Installation and Integration services.
Major applications/end-users industry are as follows: Maintenance and Services and Consulting.
Geographically, this report is segmented into several key Regions such as South America (Brazil, Argentina, Rest of South America) , Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific) , Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe) , MEA (Middle East, Africa) , North America (United States, Canada, Mexico).
Major companies covered in the report: Cisco Sys Inc. (United States) , KaaloT Tech (United States) , LLC (United States) , Octonion SA (Europe) , Honeywell International Inc. (United States) , Novire Tech (India) , Intel Corp (United States) , Microsoft Corp (United States) , SAP SE (Germany) , International Business machine (IBM) Corp. (United States) , Google Inc. (United States) , Amazon web services Inc. (United States) , PTC Inc. (United States) , Hewlett Packard Enterprise (United States) and Bosch Software Innovation GmbH (Germany).
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global IOT IN LOGISTICS market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market
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Some of the key questions answered in this report:
– Detailed Overview of Global IOT IN LOGISTICS market helps deliver clients and businesses making strategies.
– Influential factors that are thriving demand and constraints in the market.
– What is the market concentration? Is it fragmented or highly concentrated?
– What trends, challenges and barriers will impact the development and sizing of IOT IN LOGISTICS market?
– SWOT Analysis of each key players mentioned along with its company profile with the help of Porter’s five forces tool mechanism to compliment the same.
– What growth momentum or acceleration market carries during the forecast period?
– Which region is going to tap highest market share in future?
– What Application/end-user category or Product Type may see incremental growth prospects?
– What would be the market share of key countries like United States, France, UK, Germany, Italy, Canada, Australia, Japan, China or Brazil etc.?
– What focused approach and constraints are holding the market tight?
There are 15 Chapters to display the Global IOT IN LOGISTICS market.
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of IOT IN LOGISTICS market, Applications [Maintenance and Services and Consulting], Market Segment by Regions;
Chapter 2, to analyze objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5 , to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation South America [(Brazil, Argentina, Rest of South America) , Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific) , Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe) , MEA (Middle East, Africa) , North America (United States, Canada, Mexico)], comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Global IOT IN LOGISTICS Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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