The Global Connected Logistics Market size is forecasted to reach $26.4 billion by 2023, growing at a market growth of 7.2% CAGR during the forecast period. Connected Logistics gives various advantages to logistics companies. It gives real-time access, improved operational efficiency, as well as enhanced productivity by integrating multiple connected platforms. New services or products are launched by the connected Logistics service vendors to obtain seamless access and high level of interoperability, therefore, drive high productivity and also support informed decision making through collective efforts. There are several connectivity technologies that compliment logistical support, like Bluetooth, ZigBee, Wi-Fi, etc.
The Asia Pacific market holds the largest market share in Global Connected Logistics Sensor Nodes Market by Region in 2016 and also would continue to be a dominant market place till 2023; growing at a CAGR of 7.7 % during the forecast period. The North America market is anticipated to witness a CAGR of 7.2% during (2017 – 2023) in Global RFID Tags Market. Also, The Europe market seems to witness a CAGR of 7.3% during (2017 – 2023).
The Wi-Fi market holds the largest market share in Global Connected Logistics Market by Technology in 2016 and would continue to be a dominant market till 2023; increasing at a CAGR of 6.3 % during the forecast period. The Bluetooth market is forecasted to witness a CAGR of 6.9% during (2017 – 2023). Additionally, The Satellite market would garner market size of $4,761.4 million by 2023.