Global Connected Logistics Market Expected to Reach USD 149.3 Billion by 2033 - IMARC Group

November 29, 2024 | Transportation and Logistics

Global Connected Logistics Market Statistics, Outlook and Regional Analysis 2025-2033

The global connected logistics market size was valued at USD 40.3 Billion in 2024, and it is expected to reach USD 149.3 Billion by 2033, exhibiting a growth rate (CAGR) of 14% from 2025 to 2033.

Connected Logistics Market

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The growing emphasis on connected logistics and advanced supply chain solutions is a significant trend shaping the market globally. In addition, companies are focusing on integrating advanced digital technologies, automation, and artificial intelligence to optimize operations and enhance real-time visibility. These advancements help in reducing operational costs, streamlining processes, and meeting the rising demand for efficient transportation. For example, in October 2024, Alpega launched Connecta, Europe's first open logistics network. This platform integrates 85,000 carriers and freight forwarders, offering real-time insights, spot bidding, and capacity optimization. It enables seamless collaboration, efficiency, and scalability, which is powered by Alpega’s Digital Transport Platform. Likewise, C.H. Robinson unveiled Managed Solutions in November 2024, an AI-enhanced global platform combining TMS, 3PL, and 4PL services. It provides tailored logistics solutions, boosting visibility, efficiency, and cost optimization for businesses worldwide managing 35 million shipments annually. Furthermore, these developments reflect the ongoing digital transformation in the logistics sector and its potential to create a connected ecosystem.

Moreover, infrastructure expansion and strategic investments are key drivers in strengthening logistics networks. Consumer demand for faster delivery with the rise of e-commerce, and the growth of 3PL and 4PL services, companies are expanding their physical logistics infrastructure to meet these evolving needs. In August 2024, IndoSpace announced the development of two new logistics parks in Karnataka, investing ₹580 Crores. Spread over 75+ acres, Nelamangala II and Narasapura II cater to 3PL operators, automobile, and electronics sectors, strategically located along NH48 and NH75 for seamless operations. This development showcases how infrastructure growth complements advancements in technology, creating an integrated and efficient logistics framework to support industries. Overall, these trends underline the market's potential for sustained growth through innovation and expansion, reflecting a shift towards a connected and resilient logistics landscape.

Global Connected Logistics Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, Others); Latin America (Brazil, Mexico, Others); and the Middle East and Africa. According to the report, North America dominates the connected logistics market due to advanced technological infrastructure and widespread adoption of IoT.

North America Connected Logistics Market Trends:

North America is the dominating region in the market due to advanced technological infrastructure and strong investment in digital transformation by logistics companies. Also, the region benefits from a robust network of distribution centers and supply chain hubs, which leverage innovations to optimize efficiency. In November 2024, YMX Logistics and Orange EV deployed 20 electric terminal trucks across North America, integrating electrification into yard operations. This move highlights the region's focus on sustainability and operational efficiency, as these electric trucks reduce emissions, cut costs, and enhance productivity in industries like manufacturing, distribution, and intermodal facilities.

Europe Connected Logistics Market Trends:

In Europe, the connected logistics industry is growing rapidly due to advancements in IoT and smart transportation systems. Countries like Germany are leveraging connected technologies to optimize supply chain operations, reducing delays and costs. For instance, Germany’s use of RFID tags in warehouse management has streamlined inventory tracking. The focus on sustainability is also driving eco-friendly logistics innovations across the region.

Asia Pacific Connected Logistics Market Trends:

The Asia Pacific market is expanding as e-commerce booms in countries like India. Advanced logistics platforms integrating GPS tracking and route optimization tools are enhancing last-mile delivery efficiency. For example, India’s adoption of AI-driven delivery systems is reducing delays. Also, the region’s digital transformation efforts, coupled with a growing urban population, are fostering the widespread adoption of connected logistics solutions.

Latin America Connected Logistics Market Trends:

Latin America is embracing connected logistics to overcome infrastructure challenges. Brazil, for example, is utilizing IoT-enabled fleet management systems to optimize long-haul freight. Real-time tracking and predictive analytics are improving supply chain efficiency in the region. Government investments in smart logistics hubs are further boosting growth, enabling seamless trade and transportation operations in major economic centers.

Middle East and Africa Connected Logistics Market Trends:

The Middle East and Africa market is thriving due to investments in smart ports and trade hubs. The UAE exemplifies this trend with its smart logistics corridors integrating IoT and blockchain for secure tracking. Enhanced visibility in supply chains is supporting cross-border trade. The focus on digital transformation aligns with the region’s strategic goals to become a global logistics hub.

Top Companies Leading in the Connected Logistics Industry

Some of the leading connected logistics market companies include AT&T Inc., Cisco Systems Inc., Eurotech S.p.A., HCL Technologies Limited, Honeywell International Inc., Infosys Limited, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, and Zebra Technologies Corporation, among many others. In 2022, Eurotech S.p.A. announced the launch of DynaGATE 10-14 edge AI gateway, which is certified for load and rail vehicles to enable the next generation of mobility applications.

Global Connected Logistics Market Segmentation Coverage

  • On the basis of the component, the market has been bifurcated into hardware, solutions, and services, wherein solutions represent the most preferred segment. Connected logistics solutions leverage advanced technologies, such as the Internet of Things (IoT) and data analytics to streamline and optimize the flow of goods and information across the supply chain.
  • Based on the software, the market is categorized into asset management, warehouse IoT, security, data management, network management, and streaming analytics, amongst which asset management dominates the market. Asset management in connected logistics refers to the process of tracking, monitoring, and optimizing the utilization of physical assets involved in logistics operations.
  • On the basis of the technology, the market has been divided into Bluetooth, cellular, Wi-Fi, ZigBee, NFC, and satellite. Among these, Bluetooth exhibits a clear dominance in the market. Bluetooth technology plays a significant role in connected logistics, enabling seamless communication and data transfer between various devices and systems.
  • Based on the devices, the market is bifurcated into gateways, RFID tags, and sensor notes, wherein sensor nodes dominate the market. They can measure and transmit data about temperature, humidity, light levels, air quality, and other environmental factors.
  • On the basis of the transportation mode, the market is segmented into roadways, railways, airways, and seaways. Currently, roadways account for the majority of the total market share. Connected logistics systems provide real-time visibility into the movement of goods and vehicles on roadways.
  • Based on the end use industry, the market is bifurcated into automotive, manufacturing, oil and gas, IT and telecom, healthcare, IT and telecommunication, retail, food and beverage, and others, wherein manufacturing dominates the market. The manufacturing sector utilizes connected logistics to revolutionize the way goods are produced, distributed, and delivered.

 

Report Features Details
Market Size in 2024 USD 40.3 Billion
Market Forecast in 2033 USD 149.3 Billion
Market Growth Rate 2025-2033 14%
Units Billion USD
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Component
  • Software
  • Technology
  • Devices
  • Transportation Mode
  • End Use Industry
  • Region
Components Covered Hardware, Solutions, Services
Software Covered Asset Management, Warehouse IoT, Security, Data Management, Network Management, Streaming Analytics
Technologies Covered Bluetooth, Cellular, Wi-Fi, ZigBee, NFC, Satellite
Devices Covered Gateways, RFID Tags, Sensor Nodes
Transportation Modes Covered Roadways, Railways, Airways, Seaways
End User Industries Covered Automotive, Manufacturing, Oil and Gas, IT and Telecom, Healthcare, IT and Telecommunication, Retail, Food and Beverage, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AT&T Inc., Cisco Systems Inc., Eurotech S.p.A., HCL Technologies Limited, Honeywell International Inc., Infosys Limited, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Zebra Technologies Corporation, etc.
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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