Connected Logistics : Increase in Connected Devices and Evolution of High-Speed Networking Technologies

Connected logistics is an interdependent set of communication devices, joints, and Internet of Things (IoT) technologies that change the key logistical processes to become more customer-centric by sharing data, information, and facts with the supply chain partners.

The market for connected logistics is still nascent and can be defined as interconnected devices that logistics and IoT solutions providers use to get more visibility within warehouse, transportation, and associated logistics processes, such as order processing, financial transactions, shipping, and dispatching & picking. It helps drive more effective business decisions by identifying the crucial bottlenecks and hence, facilitates in critical decision-making.

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Market Dynamics

1. Drivers

2. Decreasing cost of sensors

3. Need for operational efficiency

4. Emergence of IoT connecting devices

Restraints

1. Lack of uniform governance standards

Opportunities

1. Increase in number of high-tech vehicles

2. Increasing innovation in mobile technologies

3. Increasing logistics transparency

The major vendors covered in the connected logistics market include AT&T Inc. (Texas, U.S.), Eurotech S.P.A (Amora, Italy), IBM Corporation (New York, U.S.), Intel Corporation (Santa Clara, U.S.), SAP SE (Walldorf, Germany), Infosys Limited (Bengaluru, India), Cisco System Inc. (California, U.S.), HCL Technology Limited (Noida, India), ORBCOMM (New Jersey, U.S.), Cloud Logistics (Florida, U.S.), and Freightgate Inc. (California, U.S.).