The Latin America, Middle East and Africa Connected Logistics Market would witness market growth of 16.3% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Connected Logistics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,214.5 million by 2031. The Argentina market is experiencing a CAGR of 17.3% during (2024 - 2031). Additionally, The UAE market would exhibit a CAGR of 15.9% during (2024 - 2031).
The market represents a rapidly evolving sector within the broader logistics industry, leveraging advanced technologies to enhance visibility, efficiency, and automation throughout the supply chain. Organizations are allocating resources towards implementing interconnected logistics platforms and technologies, including but not limited to RFID (Radio Frequency Identification), telematics, telematics, and cloud-based analytics, to acquire practical and implementable knowledge regarding their supply chain operations. These technologies enable end-to-end visibility, predictive analytics, and proactive decision-making, helping companies streamline operations, reduce costs, and improve service levels.
Additionally, connected logistics solutions find applications across various supply chain segments, including transportation, warehousing, inventory management, and last-mile delivery. In transportation, IoT sensors and GPS tracking enable real-time tracking of shipments, route optimization, and predictive maintenance of vehicles, ensuring timely and efficient delivery of goods.
The UAE has experienced a rapid expansion of its e-commerce sector in recent years, driven by increasing internet penetration, rising smartphone usage, and a growing population of tech-savvy consumers. With the convenience of online shopping becoming increasingly popular among UAE residents, e-commerce companies face the challenge of meeting customer expectations for fast, reliable, and convenient delivery services. As per the data from the International Trade Administration, among Gulf Cooperation Council (GCC) nations, the UAE is the leader in e-commerce, with a record-breaking $3.9 billion in e-commerce sales in 2020, representing 10% of total retail sales and a 53% increase. Therefore, the proliferation of e-commerce platforms in LAMEA will propel the demand for connected logistics in the region.
Free Valuable Insights: The Worldwide Connected Logistics Market is Projected to reach USD 91 Billion by 2031, at a CAGR of 14.0%
Based on Component, the market is segmented into Hardware (Sensor Nodes, RFID Tags, Communication Devices, Tracking Devices, and Others), Software (Warehouse Management, Fleet Management, Freight Transportation Management, Asset Tracking & Management, Data Management & Analytics, and Others), and Services (Integration & Deployment, Support & Maintenance, Consulting, and Managed Services). Based on Transportation Mode, the market is segmented into Roadways, Railways, Airways, and Waterways. Based on Technology, the market is segmented into Wi-Fi, Bluetooth, Satellite, Cellular, and Others. Based on Vertical, the market is segmented into Retail & E-commerce, Automotive, Aerospace & Defense, Healthcare, Energy, Electronics & Semiconductors, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Component
By Transportation Mode
By Technology
By Vertical
By Country
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