The Internet of Things (IoT) in Logistics Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Internet of Things (IoT) in Logistics Market, as well as the causes for variances in the industry’s growth in various places

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Internet of Things (IoT) in Logistics Market Scope:

To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.

Internet of Things (IoT) in Logistics Market Drivers:

One of the major trends in the IoT in logistics industry is rapid digitization. Data analytics, robots, analytics, and self-driving technologies are all making inroads in the trucking and logistics industry, with the goal of improving operational efficiency and addressing other concerns including the scarcity of truck drivers. Additionally, the use of robotics in warehousing, supply chain management, machine learning, and data analytics is becoming more common as a means of addressing the overall labour shortage and improving technical efficiency. In logistics operations, such digitization methods constitute a big market trend.

The e-commerce business is booming around the world, and it now accounts for a considerable portion of the retail market. In 2021, the e-commerce sector contributed for 16.5 percent of all retail sales, up about 17.9% from the previous year. Also, by 2021, e-commerce sales are estimated to account for roughly 17% of total retail sales globally. Customers' buying behaviour and expectations have changed, and they now anticipate rapid and free shipping as well as competitive product pricing, resulting in an increase in demand for e-commerce services. Several organisations have begun adding IoT services into their logistics activities in order to adapt with changing consumer behaviour, with the goal of managing uneven shipment, a rapid order spike, and time-sensitive orders.

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Internet of Things (IoT) in Logistics Market Segmentation:

by Software

• Resource Monitoring
• Safety and Security
• Traffic and Fleet Management
• Others by Hardware
• GPS Tracking Devices
• RFID Tags
• Sensor Nodes
• Others

by Organization Size

• Large Enterprises
• SMEs by Application
• Warehouse
• Freight
• Yard/dock
• Fleet
• Others

Internet of Things (IoT) in Logistics Market Key Players: The key players are

• Amazon Web Services Inc.
• IBM Corporation
• Intel Corporation
• ATT Inc.
• PTC Inc.
• Hexagon AB
• Eurotech S.p.A.
• Cisco System Inc.
• Veridify Security Inc.
• ORBCOMM Inc.
• E2open, LLC
• NEC Corporation
• Honeywell International Inc.
• Qualcomm Inc.
• Microsoft Corp.
• SAP SE
• Oracle Corp.
• Octonion SA

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Regional Analysis:

Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Internet of Things (IoT) in Logistics Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

Key Questions Answered in the Internet of Things (IoT) in Logistics Market Report are:

1] What segments are covered in Internet of Things (IoT) in Logistics Market report?

2] Which region is expected to hold the highest share in the Internet of Things (IoT) in Logistics Market?

3] What is the market size of Internet of Things (IoT) in Logistics Market by 2029?

4] Who are the top key players in the Internet of Things (IoT) in Logistics Market?

5] What was the market size of Internet of Things (IoT) in Logistics Market in 2021?

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