A Connected Logistics refers to system of interconnected devices that are designed to facilitate faster, uniform, and accessible mode of communication for better interoperability among involved entities such as manufacturers, suppliers, transporters, end-users, and others. It can also be described as integration of connected technologies such as Bluetooth, ZigBee, Wi-Fi, and others. Furthermore, the demand for Connected Logistics is on an increase in the recent years, owing to its features such as seamless operation, real-time communication, and integration of information, which enables informed decision making and streamlined logistical business processes. The global Connected Logistics market was valued at $16,774 million in 2016, and is projected to reach at $27,722 million by 2023, growing at a CAGR of 7.60% from 2017 to 2023.
Major Key Players of the Connected Logistics Market are:SAP, ThingWorx, SecureRF, Oracle, Zebra Technologies, GT Nexus, IBM, Cisco System, Eurotech S.P.A., AT&T Inc.
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