Connected Logistics Market Size Analysis and Top Companies
The global connected logistics market size is estimated at to hit around USD 81.67 billion by 2033 from USD 29.48 billion in 2024, with a CAGR of 11.99% from 2024 to 2033. The top companies operating in the connected logistics market are Intel Corporation, Infosys Limited, Cisco System Inc., HCL Technology Limited, IBM Corporation, SAP SE, ORBOCMM, Freightgate Inc., Honeywell International Inc., NEC Corporation, Trimble and others
Market Scope
| Report Coverage |
Details |
| Market Size in 2024 |
USD 29.48 Billion |
| Market Size by 2034 |
USD 91.47 Billion |
| Growth Rate from 2024 to 2034 |
CAGR of 11.99% |
| Base Year |
2023 |
| Forecast Period |
2024 to 2034 |
| Segments Covered |
By Component, By Application, By Transportation Mode, and By Vertical |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Connected Logistics Market Companies
- Intel Corporation
- Infosys Limited
- Cisco System Inc.
- HCL Technology Limited
- IBM Corporation
- SAP SE
- ORBOCMM
- Freightgate Inc.
- Honeywell International Inc.
- NEC Corporation
- Trimble
Recent Developments
- January 2020- To connect its private fleet and commercial carriers network to customers, Trimble signed an agreement to acquire Kuebix, one of the top transportation management systems (TMS) providers. This acquisition will expand the former's extensive portfolio of transportation technology.
- May 2020- BluJay Solutions, a top cloud-based logistics execution platform, will be acquired by E2open Parent Holdings, Inc. for about USD 1.7 billion. E2open Parent Holdings, Inc. is a leading network-based provider of a 100% cloud-based, mission-critical, end-to-end supply chain management platform.
- June 2021- End-to-end (E2E) supply chain management solutions provider Holisol Logistics has secured USD 3 million in debt financing from Northern Arc Capital. Due to customer demands for supply chain logistics, Holisol offers E2E solutions. The profit will go toward expanding the business and raising demand.
- February 2022- With the use of autonomous driving trucks, C.H. Robinson and Waymo have announced a new strategic partnership to investigate connected logistics solutions.
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