ACCESS Newswire
26 Mar 2020, 19:49 GMT+10
Niche players in the connected logistics market must undertake strategies such as collaborations, acquisitions, and partnerships for indubitable competitive ascendancy.
DUBAI, UAE / ACCESSWIRE / March 26, 2020 / RFID 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 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.
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Key Takeaways of Connected Logistics Market Study
Connected Logistics Market - Key Growth Factors
Connected Logistics Market - Key Restraints
Explore the full connected logistics market report with 211 illustrative figures, 29 data tables and table of contents. Request ToC of the study at https://www.futuremarketinsights.com/customization-available/rep-gb-4287
Competitive Landscape
Global connected logistics market is fragmented in nature. Prominent stakeholders profiled in this FMI study include, but are not limited to, Cisco, Infosys Ltd., Intel Corporation, IBM Corporation, SAP SE, and Bosch. Off-highway Vehicle (OHV) and Radio-frequency Identification (RFID) continue to be prioritized by market players. Moreover, enhanced customer retention, personnel safety and better stock are key focus areas of industry leaders. Software component will offer lucrative growth opportunities for key players through the forecast period.
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).
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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Market Report: https://www.futuremarketinsights.com/reports/connected-logistics-market
Press Release Source: https://www.futuremarketinsights.com/press-release/connected-logistics-market
SOURCE: Future Market Insights
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