Global Internet of Things (IoT) in Logistics Market Assessment & Growth Forecast at 12.4% CAGR during 2018 – 2026


Published on : Dec 26, 2018

Albany, New York, December 26, 2018: It has been noticed that logistics companies are heavily investing in automation to enhance efficiency, optimization and speed of their delivered services. The global internet of things (IoT) in logistics market is increasing revenue as well as customer satisfaction due to this surged investment. To study the overall market scenario across the IoT in logistics sector, a new study has been added to the wide database managed by Market Research Hub (MRH). This assessment is titled “Internet of Things (IoT) in Logistics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”, which discusses the prime prospects expected to impact the global market during the period until 2026.

According to research findings, the global IoT in logistics market is likely to reach US$ 63,728.6 Mn by the end of 2026. At this pace, the target market is anticipated to deliver growth at 12.4% CAGR during the forecast period. The report starts with the market scope and key research objectives. Later on, readers can access information associated to market taxonomy and research methodology. The market overview section talks about the macroeconomic factors, world GDP indicator and global ICT spending (US$ Mn). Furthermore, vital aspects such as PESTEL analysis, eco system analysis and Porter’s Five Forces analysis are enclosed to deliver better understanding about the competitive scenario prevailing in the global IoT in logistics market.

As the report proceeds, readers can gain knowledge about market dynamics such as drivers, opportunities and restraints that impact the current as well as future status of the concerned market. This portion includes key indicators along with integration challenges which are expected to transform the global IoT in logistics market during the stated assessment period. Based on software, the highlighted market is split into traffic and fleet management, safety and security, resource and energy monitoring and others. On the basis of hardware, the global IoT in logistics market is bifurcated into beacon, RFID tags, screen/display and others. Each of these segments is studied in terms of market size forecast (US$ Mn) during 2016-2026.

The final section of the report drops light on the profiles of leading companies functioning in the global Internet of Things in logistics market. Some of the key players included in the report are Cisco Systems Inc., Kaa IoT Technologies, LLC., Octonion SA, NEC Corporation, Novire Technologies, Honeywell International, Intel Corporation, SAP SE, Oracle Corporation, Rockwell Automation, Inc., Bosch Software Innovations GmbH, BICS SA/NV, International Business Machine, Amazon Web Services, PTC Inc. and (IBM) Corporation.

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