Smart Container Market Forecast 2024-2033: Growth Rate, Drivers, And Trends|American Telephone and Telegraph, MSC Mediterranean Shipping Company S.A., CMA CGM Société Anonyme, Hapag-Lloyd AG, Smart Containers Group Ltd.

The Smart Container Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Smart Container Market:
https://www.thebusinessresearchcompany.com/report/smart-container-global-market-report

According to The Business Research Company’s Smart Container Global Market Report 2024, The smart container market size has grown rapidly in recent years. It will grow from $3.4 billion in 2023 to $4.06 billion in 2024 at a compound annual growth rate (CAGR) of 19.6%. The growth in the historic period can be attributed to rising global trade, regulatory compliance, supply chain optimization, security concerns, real-time monitoring demand.

The smart container market size is expected to see rapid growth in the next few years. It will grow to $7.85 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%. The growth in the forecast period can be attributed to 5G implementation, autonomous vehicles, smart city initiatives, e-commerce growth, intermodal transportation. Major trends in the forecast period include edge computing adoption, augmented reality in logistics, smart container-as-a-service (CaaS), digital twins, sustainability metrics.

The rise in the adoption of IoT devices is expected to propel the growth of the smart container market going forward. The Internet of Things, or IoT, refers to the network of connected devices and the technology that allows them to communicate with each other in the cloud. Smart containers involve an IoT ecosystem consisting of web-enabled smart devices that use embedded systems to collect, send, and receive data. This combination provides real-time GPS tracking, enhances security, and provides condition information that can alert operators to potential problems. By adopting the Internet of Things (IoT) to support enhanced decision-making, smart containers bring the digital age of shipping one step further than paperless processes. As a result, the rising adoption of IoT devices increases the demand for the smart container market. For instance, in 2021, according to Dataprot, a US-based independent review site for cybersecurity, there were more than 10 billion active IoT devices, and it is estimated that the number of active IoT devices will surpass 25.4 billion in the year 2030. Therefore, the rise in the adoption of IoT devices drives the smart container market.

Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=7933&type=smp

The smart container market covered in this report is segmented –

1) By Offering: Hardware, Software, Services
2) By Technology: GPS (Global Positioning System), Cellular, LoRa WAN (Long Range Wide Area Network), Bluetooth Low Energy (BLE), Other Technologies
3) By Size: Small Enterprises, Medium Enterprises, Large Enterprises
4) By Vertical: Food and Beverages, Pharmaceuticals, Oil and Gas, Chemicals, Other Verticals

Major companies operating in the smart container market are developing innovative products with advanced technologies such as Long-range Wide Area Network (LoRaWAN), a low-power wireless communication protocol designed for Internet of Things (IoT) applications. It provides long-range connectivity, low power consumption, and bi-directional communication capabilities. For instance, in April 2022, Nexxiot AG recently launched the Nexxiot Cargo Monitor, a new sensor device that delivers real-time visibility of the location, status, and condition of shipments. This innovative device is designed to monitor the transportation of high-value and sensitive products, including perishables and pharmaceuticals.

The smart container market report table of contents includes: