February 2024
The global cloud-based cold chain management market size is calculated at USD 14.04 billion in 2024, grew to USD 17.71 billion in 2025 and is predicted to hit around USD 143.05 billion by 2034, expanding at a healthy CAGR of 26.13% between 2024 and 2034. The North America cloud-based cold chain management market size is evaluated at USD 4.91 billion in 2024 and is expected to grow at a double-digit CAGR of 26.28% during the forecast year.
The global cloud-based cold chain management market size accounted for USD 14.04 billion in 2024 and is expected to exceed around USD 143.05 billion by 2034, growing at a CAGR of 26.13% from 2024 to 2034. The rising need for real-time monitoring drives the demand for the cloud-based cold chain management market.
The addition of technologies like artificial intelligence (AI) and machine learning (ML) is one of the critical factors that is helping to gain market popularity. The cloud-based cold chain management market is growing efficiently as AI algorithms can boost several factors, like the environment, which various factors can harm. The rise of AI is also playing a crucial role in predictive maintenance, which has become the major reason behind the attraction of companies.
The rising trend of automation in several industries is one of the major factors boosting the growth of the market. Companies are investing in advanced technologies due to the rising internet connectivity.
The U.S. cloud-based cold chain management market size is evaluated at USD 3.44 billion in 2024 and is projected to be worth around USD 35.80 billion by 2034, growing at a CAGR of 26.36% from 2024 to 2034.
North America dominated the global cloud-based cold chain management market in 2023. The dominance of the region is attributed to the well-established technological infrastructure in countries like the United States and Canada. Governments are also heavily focusing on advancements in the healthcare industry, which raises the need for such systems to manage the temperature of medicines. Additionally, the increasing government initiatives toward the reduction of food waste are anticipated to grow at the fastest CAGR during the forecast period of 2024 to 2034. The constant focus on technological dominance is attracting multiple R&D investments.
Asia Pacific is anticipated to grow at the fastest CAGR in the cloud-based cold chain management market during the forecast period of 2024 to 2034. The growth of the region is attributed to the rapid expansion of the pharmaceutical industry due to the high demand in countries like India and China due to the high population rate. The rising population also raises the demand for foods and beverages which are temperature-sensitive. These factors play a key role in developing a well-established infrastructure by the global companies.
Cloud-based management refers to a system that uses cloud computing technology to monitor, manage, and control the transportation and storage of temperature-sensitive goods in transit. The cloud-based cold chain management market is growing efficiently as these technologies enable enhanced functionalities that help improve all factors within businesses. The rising need for these systems in multiple sectors is considered to be a crucial factor in this market. This leads to multiple adoptions of cloud computing platforms, which help with real-time monitoring through web interfaces. The rising interaction with enterprise resource planning also plays a vital role in enhancing operational efficiency.
Report Coverage | Details |
Market Size by 2034 | USD 143.05 Billion |
Market Size in 2024 | USD 14.04 Billion |
Market Size in 2025 | USD 17.71 Billion |
Market Growth Rate from 2024 to 2034 | CAGR of 26.13% |
Largest Market | North America |
Base Year | 2023 |
Forecast Period | 2024 to 2034 |
Segments Covered | Component, Application, and Regions |
Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East, and Africa |
Advancements in cloud computing
The increasing use of these technologies is playing an impactful role in boosting analytics and storage solutions. The cloud-based cold chain management market is witnessing significant growth due to its exceptional functionalities in solving complex tasks. Companies are adopting these technologies, which can be claimed from a remote location without the need for any physical infrastructure. This is growing rapidly as it is a cost-effective solution for the companies. Additionally, the rise of subscription-based models is helping small companies to mark their presence in the market. The rising use of cloud computing is leading to massive investments for improvements in data security and management.
Upsurge in demand for temperature-sensitive products
The increasing consumption of food products like dairy, seafood, and meat is one of the major factors that is boosting the growth of the cloud-based cold chain management market. The changing lifestyle preferences are leading to multiple investments in innovations in food products that are temperature-sensitive and require these cold chain management systems. Additionally, the rise of social media has helped increase awareness among consumers, which will also play a vital role in the coming years. The need for this management also arises among other industries, like chemicals.
Technological limitations in underdeveloped regions
The rising use of these services has significantly helped companies in the developed regions, but there are still some factors that can hamper the market growth. The cloud-based cold chain management market can face several restrictions in underdeveloped areas due to the lack of internet connectivity and technologies in small companies. The setup of these systems also requires technologies and professionals, which can be a budgetary concern for the majority of the companies in underdeveloped regions. This also raises market competitiveness in these regions, which can hamper their profit margins.
Increasing regulatory support and government initiatives
The growth of the Information Technology (IT) sector can be attributed to the increasing regulatory support from the government, which provides several opportunities for IT expansion through infrastructure development. This helps the development of the region, creating employment and contributing to the region’s economy. Additionally, the organizations are implementing stricter regulations that will focus on improving these systems and lead to more demand in the coming years in the cloud-based cold chain management market. For instance, the FDA’s Food Safety Modernization Act (FSMA) and the World Health Organization’s (WHO) aim to maintain the standards in the cold chains. These initiatives are also helping to reduce food wastage by adopting these systems.
Globalization of the supply chain
The rise of e-commerce is playing an impactful role in the growth of the pharmaceuticals, chemicals, and food industries. The cloud-based cold chain management market is growing efficiently due to the rising demand for these systems, which can monitor various factors in these sectors. The increasing trade agreements between the nations are leading to several technological advancements that require these systems on a large basis. Additionally, rapid urbanization is leading to the growth of temperature-sensitive food products.
The hardware segment stood the dominant over the global market in 2023. The segment refers to the physical devices included in the infrastructure that work on the cold chain management. The cloud-based cold chain management market is highly dependent on this hardware as these devices play a vital role in monitoring temperature. The growth of the segment is attributed to the rising advancements in IoT sensors and other devices that are highly capable of performing in complex situations. The rising need for real-time monitoring is also leading to the growth of GPS-tracking devices, which can monitor the process from the devices.
The software segment is anticipated to grow at the fastest rate in the market during the forecast period of 2024 to 2034. The segment refers to the cloud-based platforms that analyze the data and optimize the whole process from the hardware components. The cloud-based cold chain management market is growing efficiently due to the increasing use of data analysis, which also gathers the data, predicts the outcomes, and helps them optimize it. The increasing global supply chain is anticipated to be a crucial factor in market growth in the upcoming years.
The food & beverage segment registered the largest share of the market in 2023. The rapid innovations in the food and beverage industry have played a vital role in the growth of the cloud-based cold chain management market. As the consumption of temperature-sensitive food increases, the demand for management systems also arises, which provides several opportunities throughout the business. Rapid urbanization is a major player that acts as a market driver as it helps control temperature while maintaining its overall nutritional value.
The pharmaceuticals segment is anticipated to grow at the fastest rate in the cloud-based cold chain management market during the forecast period of 2024 to 2034. The rapid expansion of the healthcare infrastructure is leading to multiple adoptions of biologics and vaccine shots, which are temperature-sensitive and require cold chain management. As these medications can be sensitive, governments and organizations are investing heavily in them due to the need for a secure transportation process. These technologies track and monitor the real-time procedures within the pharmaceutical industry.
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