Worldwide IoT in Logistics Market Trends and Forecasts 2016-2022 Worldwide IoT in Logistics Market 2016-2022 | Page 3
• The IoT in logistics is a niche market . The market has started witnessing growth mainly since 2010 .
• The companies have started investing in the IT solutions for improving the visibility of the logistics operations and to bring more transparency to the logistics operations .
• With the help of the IoT solutions , companies are able to automate their logistics operations such as automatic inventory update , demand analysis and fleet management .
• The real time monitoring of the logistics operations and improved supply chain are few of the factors which are driving the market . Still ,
Worldwide IoT in Logistics Market : Drivers , Opportunities , Trends , and Forecasts 2016 – 2022
the lack of skilled labour , high cost , and vigilant government rules and regulations are impacting the growth of the market .
Market Overview
• The IoT in logistics is a niche market . The market has started witnessing growth mainly since 2010 .
• The companies have started investing in the IT solutions for improving the visibility of the logistics operations and to bring more transparency to the logistics operations .
• With the help of the IoT solutions , companies are able to automate their logistics operations such as automatic inventory update , demand analysis and fleet management .
• The real time monitoring of the logistics operations and improved supply chain are few of the factors which are driving the market . Still ,
Worldwide IoT in Logistics Market : Drivers , Opportunities , Trends , and Forecasts 2016 – 2022
the lack of skilled labour , high cost , and vigilant government rules and regulations are impacting the growth of the market .