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.