Asia-Pacific Connected Logistics Market: In-Depth Analysis and Forecasts for 2023-2028
MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Asia-Pacific Connected Logistics Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Asia-Pacific Connected Logistics Market: 2023-2028
The Asia-Pacific Connected Logistics Market is expected to grow at a CAGR of more than 18% CAGR during the forecast period, i.e., 2023-28. Currently, the market is in its nascent phase, and future growth would be driven primarily by the ever-growing need for optimizing the transportation & logistics industry to reduce operational costs & carbon emissions and the rapidly growing penetration of Industry 4.0 & industrial IoT devices. Besides, rapid technological advancements in transportation, the flourishing manufacturing & e-commerce sectors, and massive investments by governments in megacity projects are other prominent aspects projected to drive the connected logistics market in the forecast years.
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What are the primary factors driving the growth of the Asia-Pacific Connected Logistics Market?
Mounting Adoption of IoT-Enabled Connected Devices - Rising fuel costs and carbon emission & pollution levels have amplified the adoption of IoT- enabled connected logistics solutions equipped with cloud technology, sensors, & IoT for the remote management, monitoring, and control of supply chain operations. IoT adoption has proved to improve the efficiency of the supply chain platform for the logistics & transportation industry as it offers complete visibility and quicker detection of network issues that help in effective & timely decision-making and, in turn, allow for long-term cost savings. Hence, several logistics & transportation companies are increasingly adopting IoT devices for their associated benefits, i.e., spurring growth in the connected logistics industry across Asia-Pacific.
Asia-Pacific Connected Logistics Market Segmentation:
The Asia-Pacific Connected Logistics market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Software
- Asset Management
- Remote asset tracking
- Predictive asset management and monitoring
- Warehouse IoT
- Warehouse management system
- Warehouse control system
- Building Automation system
- Security
- Network Management
- Data Management
- Streaming Analytics
By Product Type
- Device Management
- Application Management
- Connectivity Management
By Service
- Professional Service
- Consulting service
- Integration and deployment
- Support and maintenance
- Managed Service
By Transportation
- Roadways
- Railways
- Airways
- Seaways
By End-User
- Retail
- Manufacturing
- Oil & Gas and Energy
- Pharmaceuticals and Healthcare
- Automotive
- Aerospace and Defence
- Food and Beverage
- Others (Chemicals, Telecom & IT, etc.)
Geographical Analysis into the Asia-Pacific Connected Logistics Market:
The Asia-Pacific Connected Logistics market is categorized based Countries:
- China
- Japan
- India
- South Korea
- South East Asia
- Australia
- New Zealand
- Rest of Asia-Pacific
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Competitive Landscape and Asia-Pacific Connected Logistics Market Share Analysis:
The competitive landscape of the Asia-Pacific Connected Logistics Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
- SAP SE
- American Telephone and Telegraph Inc. (AT&T)
- Parametric Technology Corporation Inc. (PTC)
- Cisco Systems, Inc.
- Zebra Technologies Corporation
- International Business Machines Corporation (IBM)
- Oracle Corporation
- Eurotech S.p.A.
- SecureRF
- Intel Corporation
- Others
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Questions Addressed in this Study
- What factors are driving the Asia-Pacific Connected Logistics Market growth?
- How is the Asia-Pacific Connected Logistics Market expected to grow over the next five years?
- What are the key insights into the current trends in the Asia-Pacific Connected Logistics Market?
- What is the current size of the Asia-Pacific Connected Logistics Market, and how is it projected to change in the future?
- What is the future outlook for the Asia-Pacific Connected Logistics Market in terms of technological advancements and market expansion?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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