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. Increasing adoption of smart devices globally,
including smartphones and growing adoption of cloud computing is also impacting the growth
of the global connected logistics market. For instance, according to the report by Associated
Press Organization, the world’s mobile phone user base was around 4.43 billion, which implies
that around 61% of the world’s population used a mobile handset in 2015 and this number is
projected to increase over the forecast period. Increasing adoption of advanced technology in
connected logistics industry helps provide smarter and better communication devices.
Additionally, easy availability and low cost of these devices is responsible for the low costs of
connected logistics. Integration of on-time and real-time tracking technology in connected
logistics is increasing, further boosting market growth. Moreover, connected logistics provides
transparency control and service integrity, which in turn is increasing its demand, thus fueling
growth of the connected logistics market.
A safe and sufficient supply chain is necessary for the smooth functioning of any sector. The
growth of this market is majorly driven by the rising adoption of connected logistics in the
healthcare sector. For instance, according to report by Cloud Standard Customer Council, 11-
17% growth in demand for connected logistics in the healthcare sector was recorded between
2014 and 2025 in the U.S. Additionally, it is imperative for hospital employees to provide best
possible treatment to patients, which in turn, is aided by connected logistics. This logistics
helps to redefine the patient-caregiver relationship and simplify the treatment from diagnosis
to cure by using the Internet of Things. Moreover just-in-time logistics is the emerging trend of
connected logistics, which provides fast treatment for patients as well as allows healthcare
personnel to fully focus on the task at hand with convenience.
Regional Analysis of Connected Logistic Market
On the basis of geography, the global dehumidifier market is segmented into North America,
Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to hold
the largest market share owing to high investments in the research and development of
connected Logistic in the region. Countries in North America such as U.S., Canada, and Mexico
shows significant growth opportunities, due to their strong financial position. Europe is
expected to be the second-largest contributor in the connected logistics market, as the
healthcare sector in Europe is extensively adopting connected logistics. Asia Pacific is expected