According to a recent research study published by MarkNtel Advisors, the Asia-Pacific Connected Logistics Market is set to record more than 18% CAGR during 2023-28. The burgeoning demand for reduced operational costs & carbon emissions in the transportation sector, massive investments by governments in megacity projects, the increasing proliferation of Industry 4.0 & IIoT devices, significant technological advancements in transportation, and the booming manufacturing & e-commerce sectors are the prime factors projected to drive the market in the forecast years.
Across the region, China is witnessing a significantly expanding logistics sector owing to ever-increasing e-commerce platforms. India is also performing well in terms of e-commerce revenues and thus fueling the adoption of connected logistics solutions. Additionally, the expansion of logistics & warehousing industries in Australia owing to the rapid rise in agricultural exports is further boosting the market.
Moreover, reducing prices of IoT-enabled sensors, ongoing R&D activities in autonomous logistics trucks, and the ever-increasing availability of connected logistics solutions equipped with high interoperability, security, & accessibility are other crucial aspects expected to boost the Asia-Pacific Connected Logistics Market through 2028.
Roadways is the Most-Preferred Transportation Mode by Logistics Companies
Governments of various countries across Asia-Pacific are actively working on ensuring efficient transportation of goods across long distances, especially for last-mile delivery, owing to which they are increasingly implementing connected logistics solutions in roadways that offer a large carrying capacity. The Indian government has introduced a national logistics policy to facilitate easy operations and minimize transportation costs. The rising need to ensure an organized & managed flow of goods to track their real-time location and minimize transportation problems is uplifting the demand for connected logistics solutions in roadways.
Competitive Landscape
The key companies in the Asia-Pacific Connected Logistics Market include SAP SE, American Telephone and Telegraph Inc. (AT&T), Parametric Technology Corporation Inc. (PTC), Cisco Systems, Inc., Zebra Technologies Corporation, International Business Machines Corporation (IBM), Oracle Corporation, Eurotech S.p.A., SecureRF, and Intel Corporation.
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