Connected Logistics Market is Set To Garner Staggering Revenues By 2017 - 2025
Growing at a stellar pace, Global Connected Logistics Market is set to increase the worth of the market, bringing it up to USD 55.17 billion by the end of the year 2025. This is a steep rise from 2016, when the market worth was USD 10.21 billion. This translates to an impressive 17.8% CAGR (Compound Annual Growth Rate) from 2017 to 2025. Technological Advancement to Propel Global Connected Logistics Market Growth over the Forecast Period One of the major reasons supporting the growth of global connected logistics market is the technological advancement marking the landscape in terms of both transportation, and packaging. Besides, development of better fuel and rising demand for shipped goods is also fueling the market growth by a substantial value. E-commerce is playing a significant role in this area, fueled by rising disposable incomes and massive globalization, driving forward cross-border trade, enabling access to new and more products at the convenience of a clic...