IoT in Logistics Market In-depth Analysis of the Industry with Future Estimations

With the expansion of the e-commerce industry, on account of the increasing penetration of the internet and the growing number of smartphone users, the demand for the adoption of the internet of things (IoT) in the logistics sector is rising sharply across the globe. As per various reports, the e-commerce sector accounted for as much as 16.5% of all retail sales across the world in 2019, registering a growth of around 17.9% from 2018 to 2019.


Furthermore, according to several estimates, e-commerce sales will account for nearly 17% of the total retail sales all over the world by 2021. One of the major factors responsible for the growing popularity of e-commerce services is the change in the buying behavior and expectations of customers across the world. Moreover, the ballooning popularity of online shopping and free and fast shipping is further boosting the growth of the e-commerce industry.

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/iot-in-logistic-industry/report-sample

This is subsequently fueling the demand for IoT-integrated logistics solutions, as these solutions help e-commerce companies better manage product deliveries and inconsistent shipping schedules. Besides this, IoT solutions also massively improve the efficiency of logistics operations. The success of a logistics organization is determined by the efficient and smooth management of warehousing and inventory, quick product deliveries, internal business process automation, product quality, and safe storage. Therefore, to achieve this, logistics firms are increasingly adopting IoT solutions in their operations.

These solutions also enable smart location management, the regular updating of delivery status, the tracking of driver activities, and inventory management. Due to these factors, the popularity of IoT-driven logistics solutions is growing rapidly across the globe, which is, in turn, propelling the growth of the IoT in logistics market. As a result, the valuation of the market is predicted to rise from $34,504.8 million in 2019 to $100,984.5 million by 2030.

Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=iot-in-logistic-industry

Hence, it is safe to say that the popularity of IoT-based logistics solutions will soar all over the world in the coming years, primarily because of the rising requirement for faster deliveries and efficient logistics, on account of the rapid surge in worldwide e-commerce sales. 

Comments

Post a Comment

Popular posts from this blog

Vertical Farming Market- High Investment in the Vertical Farming

Image
GLOBAL VERTICAL FARMING MARKET  By Component ·          Hardware o     Lighting §   Grow Lights §   Grow Light Reflectors §   Grow Light Ballasts o     Hydroponic Components §   Pumps and Irrigation §   Meters and Solutions §   Water Filters §   Others (includes Timer and Delivery System) o     Climate Control §   Ventilation Fans §   Air Purification/ Control §   Others (includes Condenser and HVAC System) o     Sensors §   Temperature Sensors §   CO2 Sensors §   Nutrient Sensors §   PH Sensors §   Crop Sensors §   Others (Biosensors and Electronics Nose) ·          Software Global  vertical farming market  is expected to reach $6,372.5 million by 2023, witnessing CAGR of 24.2% on account of increasing awareness levels among consumers and rising disposable income, leading to the consumption of high value crops. Adoption of organic foods, rising urban population, growing focus towards efficient production of fresh fruits and vegetabl
Read more

CBD Oil Market Assess the Trends, Opportunities and Competition in the Market

Image
With its plethora of health benefits and close association with cannabis or marijuana, as it is popularly known, cannabidiol (CBD) oil is one such controversial substance that makes doctors and medical researchers come face to face with the conservative figureheads of the society. However, with growing public awareness and government support, the stigma associated with CBD oil is rapidly going away and the product is finding more and more consumers all over the world. In the recent times, many countries such as the U.S. and Canada have legalized the usage of the compound and in the coming years, many more will follow. Several countries in Asia-Pacific (APAC), Europe, and Latin America (LATAM) such as the U.K., Norway, Spain, South Korea, Thailand, Japan, Mexico, South Africa, and Brazil have followed the U.S. and Canada and allowed the complete or partial sale of various cannabidiol-containing items in the last few years. Request to Get the Sample Report@  https://www.psmarketrese
Read more

Automotive HMI Market Opportunities, Trends, Growth Analysis | Forecast – 2030

Image
According to a report by P&S Intelligence, the global automotive HMI market is projected to generate a revenue of $55,318.4 million by 2030, increasing from $18,822.3 million in 2019, progressing at a 10.8% CAGR during the forecast period (2020–2030). The market is registering growth due to the advancements in the augmented reality, connectivity, virtual reality, and IoT technologies and the incorporation of these technologies in HMI solutions. Moreover, the swift digitization is also predicted to result in the growth of the market. Geographically, Asia-Pacific (APAC) dominated the market in 2019, in terms of value, due to the higher sales of passenger cars in the region in comparison to other regions. As the spending power of consumers is rising, the adoption of HMI-equipped vehicles is projected to rise as well. In addition to this, the Chinese automotive domain is registering considerable growth in the demand and sales of premium cars, which is further leading to the growth of
Read more