Connected Logistic Market is Growing Beyond Experts Expectation

Connected logistics system is a support service that provides material handling and transport for the superior, more significant, and value creating manufacturing process using advanced technologies.
Connected logistic provides various benefits to logistic businesses by providing improved operational efficiency, real-time access, and improved productivity through integration of multiple connected platforms such as IoT, cloud computing, and smart devices.
There are various communication technologies that are used to improve logistical support systems such as Bluetooth and Wi-Fi.Major factors driving growth of the global connected logistics market include increasing adoption of IoT across various industries, decreasing cost of communication devices, and increasing demand for logistic operational efficiency. For instance, according to a report by Pew Research Centre, 49% of the world’s population is connected online and an estimated 8.4 billion IoT are in use worldwide as of 2018.

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