Europe Connected Logistics Market Forecast 2019–2025
- Domain: ICT - Social, Mobile, Analytics & Cloud (SMAC)
Connected logistics solutions are designed to enhance the operational efficiency of organizations by connecting multiple touchpoints in supply chain and logistics operations. Smart logistics solutions assist logistics providers in efficiently planning, optimizing, and executing both inbound & outbound shipments. The connected logistics infrastructure includes IoT sensors/devices, wireless sensor networks, and gateways, which enable location and condition monitoring of assets/freight across the supply chain. Connected logistics solutions offer edge-to-cloud infrastructure, which empowers organizations to connect securely and analyse end-to-end logistics operations in a cloud environment.
Market Dynamics – Connected Logistics Market in Europe
Increasing focus on gaining visibility to the end-to-end logistics lifecycle by organizations across verticals is the key factor contributing to the growth of the connected logistics market in Europe. Increasing reliance on digital technologies (i.e., IoT, cloud, and analytics) to minimize the logistics operations cost, to improve service levels, and also to enhance the accountability & traceability of logistics operations will propel the growth of the connected logistics market in Europe during the forecast period.
Continuous advancement in sensor technology, declining IoT deployment cost, and increasing investment in next-generation wireless communication technologies, such as 5G, are expected to fuel the growth of the connected logistics market in Europe. However, concerns related to return on investment and complexity in integrating with existing business operations are identified as restraints likely to deter the progression of the connected logistics market in Europe during the forecast period.
Market Segmentation – Connected Logistics Market in Europe
The connected logistics market in Europe is segmented based on component, mode, and industry. Based on the components, the connected logistics market in Europe is segmented into hardware, software, and services. The services segment is further sub-segmented into consulting service, implementation service, support & maintenance service, and managed service. Based on mode, the connected logistics market in Europe is segmented into roadways, railways, waterways, and airways. Based on industry, the connected logistics market in Europe is segmented into manufacturing, automotive, food & beverages, healthcare, consumer goods & retail, and others.
Country-level Outlook – Connected Logistics Market in Europe
In terms of country-wise analysis, the connected logistics market in Europe is segmented into Germany, UK, France, Russia, Italy, Spain, and Rest of Europe (RoE). Among these countries, Germany contributes to a significant share in the connected logistics market in Europe and is anticipated to maintain its market dominance throughout the forecast period. Increasing preference for IoT-enabled solutions to maximize the performance of logistics operations and rising focus on improving transparency across the supply chain are driving the growth of the connected logistics market in Germany.
Benefits and Vendors – Connected Logistics Market in Europe
The study on the connected logistics market in Europe contains an in-depth analysis of vendors, which includes financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. Few of the key players profiled in this study include SAP, Accenture, IBM, Capgemini, Siemens AG, HCL Technologies, Eurotech S.P.A., ORBCOMM, and BluJay Solutions Ltd.
The study offers a comprehensive analysis of the “connected logistics market in Europe”. Bringing out the complete key insights of the industry, the report aims to provide an insight into the latest trends, current market scenario, and technologies related to the market. In addition, it helps the venture capitalists to understand the revenue opportunities across different segments to make better decisions.
Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
- Data Collation (Primary & Secondary)
- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
Market related information is congregated from both primary and secondary sources.
Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.