COVID-19 Impacts: Connected Logistics Market Will Accelerate at a CAGR of Almost 22% Through 2020–2024 | Increasing Need to Enhance Connectivity to Boost Growth | Technavio

Technavio has been monitoring the connected logistics market and it is poised to grow by USD 29.66 billion during 2020–2024, progressing at a CAGR of almost 22% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

• What was the value of the connected logistics market in 2019?
• Technavio says that the value of the market was at USD 17.57 billion in 2019 and is projected to reach USD 47.23 billion by 2024.
• At what rate is the market projected to grow during the forecast period 2020–2024?
• Growing at a CAGR of almost 22%, the market growth will accelerate during the forecast period.
• What is the key factor driving the market?
• Increasing need to enhance connectivity is one of the key factors driving the market growth.
• Who are the top players in the market?
• Accenture Plc, Amazon.com Inc., AT&T Inc., Cisco Systems Inc., International Business Machines Corp., Microsoft Corp., Oracle Corp., Samsung Electronics Co. Ltd., SAP SE, and Siemens AG are some of the major market participants.
• Which region is expected to hold the highest market share?
• North America
• What is the year-over-year growth rate of the global market?
• The year-over-year growth rate for 2020 is estimated at 21.63%.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Accenture Plc, Amazon.com Inc., AT&T Inc., Cisco Systems Inc., International Business Machines Corp., Microsoft Corp., Oracle Corp., Samsung Electronics Co. Ltd., SAP SE, and Siemens AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Increasing need to enhance connectivity has been instrumental in driving the growth of the market.

Connected Logistics Market 2020–2024: Segmentation

Connected Logistics Market is segmented as below:

• Type
• Geographic Landscape
• Software Services
• IT Services
• Hardware Devices
• APAC
• Europe
• MEA
• North America
• South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41049

Connected Logistics Market 2020–2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our connected logistics market report covers the following areas:

• Connected Logistics Market size
• Connected Logistics Market trends
• Connected Logistics Market analysis

This study identifies the effective management of temperature-sensitive products as one of the prime reasons driving the connected logistics market growth during the next few years.

Connected Logistics Market 2020–2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the connected logistics market, including some of the vendors such as Accenture Plc, Amazon.com Inc., AT&T Inc., Cisco Systems Inc., International Business Machines Corp., Microsoft Corp., Oracle Corp., Samsung Electronics Co. Ltd., SAP SE, and Siemens AG. Backed with competitive intelligence and benchmarking, our research reports on the connected logistics market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.