The North America Connected Logistics Market would witness market growth of 13.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America Connected Logistics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of$23.91 billion by 2031. The Canada market is showcasing a CAGR of 15.8% during (2024 - 2031). Additionally, The Mexico market would register a CAGR of 14.8% during (2024 - 2031).
The increasing focus on environmental responsibility and sustainability also propels the proliferation of linked logistics systems. Businesses use Internet of Things (IoT) sensors and analytics to track energy use, carbon emissions, and environmental effects along the supply chain. This helps them find areas for optimization and lower their carbon footprint.
Moreover, innovation is at the forefront of the market, with companies continuously developing new technologies and solutions to address evolving customer needs and market demands. One area of innovation is the development of drones and driverless cars for last-mile delivery, which makes it possible to deliver items more quickly and effectively in both urban and rural locations.
As per the data from Statistics Canada, between February 2020 and July 2022, retail e-commerce sales surged by 67.9%, and from 2019 to 2022 (July year-to-date), e-commerce sales as a share of total retail sales increased noticeably. Retail e-commerce sales remained high in some industry subsectors in 2022. Still, in others, the return of in-store operations has caused consumers and businesses to move closer to pre-pandemic purchasing habits. Hence, the growing automotive and e-commerce proliferation in North America will assist in the growth of the regional market.
Based on Component, the market is segmented into Hardware (Sensor Nodes, RFID Tags, Communication Devices, Tracking Devices, and Others), Software (Warehouse Management, Fleet Management, Freight Transportation Management, Asset Tracking & Management, Data Management & Analytics, and Others), and Services (Integration & Deployment, Support & Maintenance, Consulting, and Managed Services). Based on Transportation Mode, the market is segmented into Roadways, Railways, Airways, and Waterways. Based on Technology, the market is segmented into Wi-Fi, Bluetooth, Satellite, Cellular, and Others. Based on Vertical, the market is segmented into Retail & E-commerce, Automotive, Aerospace & Defense, Healthcare, Energy, Electronics & Semiconductors, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The US market dominated the North America Connected Logistics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of$23.91 billion by 2031. The Canada market is showcasing a CAGR of 15.8% during (2024 - 2031). Additionally, The Mexico market would register a CAGR of 14.8% during (2024 - 2031).
The increasing focus on environmental responsibility and sustainability also propels the proliferation of linked logistics systems. Businesses use Internet of Things (IoT) sensors and analytics to track energy use, carbon emissions, and environmental effects along the supply chain. This helps them find areas for optimization and lower their carbon footprint.
Moreover, innovation is at the forefront of the market, with companies continuously developing new technologies and solutions to address evolving customer needs and market demands. One area of innovation is the development of drones and driverless cars for last-mile delivery, which makes it possible to deliver items more quickly and effectively in both urban and rural locations.
As per the data from Statistics Canada, between February 2020 and July 2022, retail e-commerce sales surged by 67.9%, and from 2019 to 2022 (July year-to-date), e-commerce sales as a share of total retail sales increased noticeably. Retail e-commerce sales remained high in some industry subsectors in 2022. Still, in others, the return of in-store operations has caused consumers and businesses to move closer to pre-pandemic purchasing habits. Hence, the growing automotive and e-commerce proliferation in North America will assist in the growth of the regional market.
Based on Component, the market is segmented into Hardware (Sensor Nodes, RFID Tags, Communication Devices, Tracking Devices, and Others), Software (Warehouse Management, Fleet Management, Freight Transportation Management, Asset Tracking & Management, Data Management & Analytics, and Others), and Services (Integration & Deployment, Support & Maintenance, Consulting, and Managed Services). Based on Transportation Mode, the market is segmented into Roadways, Railways, Airways, and Waterways. Based on Technology, the market is segmented into Wi-Fi, Bluetooth, Satellite, Cellular, and Others. Based on Vertical, the market is segmented into Retail & E-commerce, Automotive, Aerospace & Defense, Healthcare, Energy, Electronics & Semiconductors, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Intel Corporation
- Infosys Limited
- Cisco Systems, Inc.
- HCL Technologies Ltd. (HCL Enterprises)
- IBM Corporation
- SAP SE
- Orbcomm, Inc. (GI Partners L.P.)
- Gartner Inc.
- Honeywell International, Inc.
- NEC Corporation
Market Report Segmentation
By Component- Hardware
- Sensor Nodes
- RFID Tags
- Communication Devices
- Tracking Devices
- Others
- Software
- Warehouse Management
- Fleet Management
- Freight Transportation Management
- Asset Tracking & Management
- Data Management & Analytics
- Others
- Services
- Integration & Deployment
- Support & Maintenance
- Consulting
- Managed Services
- Roadways
- Railways
- Airways
- Waterways
- Wi-Fi
- Bluetooth
- Satellite
- Cellular
- Others
- Retail & E-commerce
- Automotive
- Aerospace & Defense
- Healthcare
- Energy
- Electronics & Semiconductors
- Others
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Connected Logistics Market by Component
Chapter 6. North America Connected Logistics Market by Transportation Mode
Chapter 7. North America Connected Logistics Market by Technology
Chapter 8. North America Connected Logistics Market by Vertical
Chapter 9. North America Connected Logistics Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Intel Corporation
- Infosys Limited
- Cisco Systems, Inc.
- HCL Technologies Ltd. (HCL Enterprises)
- IBM Corporation
- SAP SE
- Orbcomm, Inc. (GI Partners L.P.)
- Gartner Inc.
- Honeywell International, Inc.
- NEC Corporation
Methodology
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