Connected Logistics Market Size & Share Set to Reach USD 71.10 Billion by 2030

According to a research study, the global connected logistics market size & share was valued at USD 16.11 billion in 2021 and is expected to reach USD 71.10 Billion by 2030, growing at a CAGR of 18.1% during the forecast period.

Connected logistics is a set of interconnected wireless sensor devices, joints, and Internet of Things (IoT) technologies that enhance operating efficiency in the logistics industry. With this technology, logistical businesses can gain real-time updates, interoperability, and access to required information. Connected logistics is not just about the Industrial Internet of Things, but it also includes services, security, the cloud, big data analysis, and several other third-platform technologies.

Connected logistics includes other associated logistics operations such as tracking, monitoring, asset management, warehouse management, as well as order processing, financial transactions, dispatching, and shipping. These technologies enhance process transparency which helps companies in becoming more client-focused and productive, thus driving the connected logistics market size.