Real Time Location Systems In Transportation And Logistics Market Outlook 2024-2033: Trends and Projections
Real Time Location Systems In Transportation And Logistics Market Expansion 2024-2033: Growth Drivers and Dynamics
Global Real Time Location Systems In Transportation And Logistics Market Analysis 2024: Size Forecast and Growth Prospects
Real Time Location Systems In Transportation And Logistics Market 2024-2033: Technological Advancements, Competitive Landscape and Strategies
Global Real Time Location Systems In Transportation And Logistics Market Overview 2024: Size, Growth Rate, and Segments
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The real time location systems in transportation and logistics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Real Time Location Systems In Transportation And Logistics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The real time location systems in transportation and logistics market size has grown rapidly in recent years. It will grow from $5.30 billion in 2023 to $5.99 billion in 2024 at a compound annual growth rate (CAGR) of 13.03%. The growth in the historic period can be attributed to increasing demand for supply chain visibility, growing need for efficient fleet management, regulatory requirements, and rising adoption of the Internet of Things (IoT).
The real time location systems in transportation and logistics market size is expected to see rapid growth in the next few years. It will grow to $9.88 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to the expansion of e-commerce, integration of AI and machine learning, embrace of autonomous vehicles, shift towards green logistics, and rise in global trade. Major trends in the forecast period include increased use of blockchain for secure tracking, the emergence of 5G technology for faster data transmission, adoption of edge computing for real-time analytics, implementation of augmented reality for enhanced navigation, growth of predictive analytics for proactive decision-making.
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Scope Of Real Time Location Systems In Transportation And Logistics Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Real Time Location Systems In Transportation And Logistics Market Overview
Market Drivers –
The adoption of automation in the manufacturing sector is expected to propel the growth of real-time location systems in the transportation and logistics market. Automation in manufacturing refers to using technology and machinery to perform tasks traditionally carried out by humans, aiming to increase efficiency, productivity, and consistency in production processes. The increase in the adoption of automation in manufacturing is due to the improved productivity, quality, flexibility, and cost-efficiency that automation technologies offer in a competitive and rapidly evolving market landscape. Automation in the manufacturing sector creates opportunities for synergy with real-time location systems in transportation and logistics, enabling more efficient and responsive supply chain operations to meet the demands of modern manufacturing processes. For instance, in September 2023, the International Federation of Robotics, a Germany-based non-profit organization, reported in the World Robotics Report 2023 that there were 553,052 industrial robot installations in factories worldwide, which is 5% higher than in 2022. Therefore, the adoption of automation in the manufacturing sector is driving the growth of real-time location systems in the transportation and logistics market.
Market Trends –
Major companies operating in the recruitment process outsourcing market increasingly focus on developing artificial intelligence (AI)-based solutions such as Kelly Arc to gain a competitive edge. Kelly Arc is an artificial intelligence-powered platform that streamlines the recruitment process by automating resume screening, identifying qualified candidates, and enhancing decision-making through data-driven insights, ultimately saving time and improving efficiency in talent acquisition. For instance, in October 2023, Kelly Services Inc., a US-based company, launched Kelly Arc, a recruitment platform focusing on AI-powered automation. This platform addresses the growing demand for AI and automation talent by connecting employers with specialized professionals such as robotics process automation (RPA), developers, and project managers.
The real time location systems in transportation and logistics market covered in this report is segmented –
1) By Type: Systems, Tags
2) By Deployment: On-Premises, Cloud Based
3) By Application: Asset And Inventory Tracking, Personnel Tracking, Fleet Management, Other Applications
4) By End-User: Logistics And Transportation Companies, Retailers, Manufacturing Companies, Other End Users
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Regional Insights –
North America was the largest region in the real time location systems in transportation and logistics market in 2023. The regions covered in the real time location systems in transportation and logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the real time location systems in transportation and logistics market are Zebra Technologies Corporation, Trimble Transportation, Samsung Networks, Geotab Inc., Samsara, Omnitracs LLC, Transporeon GmbH, Descartes Systems Group, CalAmp Corporation, Spireon, ORBCOMM Inc., Teletrac Navman, Verizon Connect, Lojack Corporation, Tyco Security Products, I.D. Systems Inc., Fleet Complete, Convergence Systems Limited, FourKites Inc., ThingMagic Inc., Geoforce Inc., Ubisense, Mojix, Airista Flow Inc., DecaWave Ltd., Essensium NV, CSR Group, Awarepoint Corporation, BeSpoon SAS, TrackX Holdings Inc.
Table of Contents
1. Executive Summary
2. Real Time Location Systems In Transportation And Logistics Market Report Structure
3. Real Time Location Systems In Transportation And Logistics Market Trends And Strategies
4. Real Time Location Systems In Transportation And Logistics Market – Macro Economic Scenario
5. Real Time Location Systems In Transportation And Logistics Market Size And Growth
…..
27. Real Time Location Systems In Transportation And Logistics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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