A significant growth in demand for connected logistics explained

Very exciting to observe that, a significant growth in demand for connected logistics is expected due to rapid increase in adoption of advanced technologies such as IoT in transportation and logistics, advancement in big data analytics, and real time monitoring, globally.

We also have at the core of stakes: significant improvement in supply chain management; rapid advancement in cloud computing, adoption of sensor based technologies across industries, and demand for advanced freight management systems are some of the key trends observed in the global connected logistics market.

The global connected logistics market is expected to witness a CAGR of 33%, to reach $73,846.1 million by 2023; with key Players such as AT&T, IBM, Intel Corporation, SAP SE, Infosys Limited, Cisco Systems, HCL Technologies & Cloud Logistics, according to Research and Markets.