Charting Growth: Asia-Pacific Connected Logistics Market By 2028, Showcasing a CAGR of 18% – MarkNtel Advisors

How big is the Asia-Pacific Connected Logistics market?

According to MarkNtel Advisors study, the Asia-Pacific Connected Logistics market is projected to grow at a CAGR of around 18% during the forecast period, i.e., 2023-28.

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Asia-Pacific Connected Logistics Market Key Driver:

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.

Leading Companies in the Asia-Pacific Connected Logistics market:

• 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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Asia-Pacific Connected Logistics Market Segmentation:

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

Of them all, asset management holds a significant share of the Asia-Pacific Connected Logistics Market, mainly due to the ever-rising need for remotely tracking & monitoring inventories and goods movement in real-time.

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.)

Regional/ Countries Insight:

• China
• Japan
• India
• South Korea
• South East Asia
• Australia
• New Zealand
• Rest of Asia-Pacific

Of all countries across Asia-Pacific, China, the world’s leading e-commerce industry that accounts for over half of all global e-commerce transactions, is projected to continue its dominance in the Connected Logistics Market during 2023-28.

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MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

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