Asia-Pacific Connected Logistics Market is estimated to grow at a CAGR of over 18% During 2023-28

Quick Overview of the Asia-Pacific Connected Logistics Market Analysis

The recent analytical report published by MarkNtel Advisors (a leading consulting, data analytics, and market research firm), Asia-Pacific Connected Logistics Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.

Market Insights & Analysis: Asia-Pacific Connected Logistics Market (2023-28):

According to the latest report, the Asia-Pacific Connected Logistics Market is projected to grow at a CAGR of around 18% during the forecast period, i.e., 2023-28. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geographical landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e 2023-28.

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Asia-Pacific Connected Logistics Market Growth Restraint:

Lack of Logistics Standardization in China & South Korea - Across Asia-Pacific, countries like China & South Korea have a limited extent of logistics standardization, owing mainly to the lack of enforcement made by their governments, coupled with the absence of organizations that can proactively initiate & unify multi-national logistics standardization efforts, including the development & implementation of both domestic & international standards associated with logistics equipment, tools, packaging, storage, transportation, loading/unloading, & ICT, which are compatible with widely used international logistics standards. Hence, increased costs associated with supply chain operations due to the lack of logistics standardization might act as a major growth restraint for the Asia-Pacific Connected Logistics Market during 2023-28.

Market Bifurcations Based on Different Segments:

The Asia-Pacific Connected Logistics Market covered in this report is segmented into:

-By Transportation

Roadways
Railways
Airways
Seaways

Here, roadways holds a prominent share of the connected logistics market, and is likely to record a significant growth rate through 2028. It owes to the mounting need in the region to ensure state-of-the-art transportation of retail goods across long distances, especially for last-mile delivery. Roadways offer a large carrying capacity, and thus, it is a preferred mode for logistics.

Governments of various countries are making active efforts toward promoting road transport. A national logistics policy to facilitate the ease of doing business and reduce transportation costs has been introduced in India. In addition, a highway network from the port area to the remote site of the country is being constructed in order to reduce fuel consumption, i.e., considered the utmost cost-impacting factor in freight transport.

Moreover, the growing need to organize & manage the flow of goods related to purchasing, production, warehousing, distribution, and reuse & exchange, coupled with the provision of added-value services, and the ever-growing demand for tracking real-time location of cargo to address & mitigate transportation problems, are further projected to boost the connected logistics industry for roadways in the coming years.

-By Software

Asset Management
Warehouse IoT
Security
Network Management
Data Management
Streaming Analytics

-By Product Type

Device Management
Application Management
Connectivity Management

-By Service

Professional Service
Managed Service

-By End-User

Retail
Manufacturing
Oil & Gas and Energy
Pharmaceuticals and Healthcare
Automotive
Aerospace and Defence
Food and Beverage
Others (Chemicals, Telecom & IT, etc.)

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On the geographical front, the Asia-Pacific Connected Logistics Market expands across the following:

-By Country

China
Japan
India
South Korea
South East Asia
Australia
New Zealand
Rest of Asia-Pacific

Companies Listed in Asia-Pacific Connected Logistics Market

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
Intel Corporation
Others

Asia-Pacific Connected Logistics Market Report Table of Contents Includes:

Introduction
Executive Summary
Expert Verbatim- What our Experts Say?
Asia-Pacific Connected Logistics Management Market Pricing Analysis
Competitive Outlook
Disclaimer

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Reasons to Buy the Market Report

The study incorporates insights to enlighten the stakeholders about the industry's growth potential while learning the competitive scenario in the Asia-Pacific Connected Logistics Marketto plan their strategic investments.
The stakeholders can also get a hold of unbiased & accurate data into the dynamic interface of the industry to frame robust business strategies & investments utilizing the information cited.
With the help of such data in this report, the investors can better understand the tactics used by the competitors to sustain the industry & establish dominance & profits over the years.
The analysis further incorporates data that would offer efficiency to the investors in organizing their sales & marketing efforts by identifying the opportunities offered in the Asia-Pacific Connected Logistics Market.

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging Video Analytics geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.