The North America Smart Container Market would witness market growth of 18.0% CAGR during the forecast period (2022-2028).
The smart containers are interconnected by using the Internet of Things which helps operators to get live information with complete visibility of cargo. The smart containers would enable the computer representation of supply chain to be accompanied within as well as outside the organization. This enables the faster and much accurate decision making as a part of logistics execution and enhanced supply chain estimations.
The critical factor responsible for smart containers is the rising adoption of devices connected with the Internet of Things (IoT) by the major logistics and shipping lines. A vast amount of data is generated during the transportation of cargo with the help of smart containers. This data is further refined to get insights that could streamline the working process and revolutionize the operational efficiency of shipping businesses.
The shift to smart containers is at its initial stage, but the major companies in the logistics business are already leading in the market. Though smart containers cost more than traditional containers, smart containers would help in reducing the need for a human workforce and the risk of losses due to cargo damage which would result in cost-effectiveness.
Regional nations such as the United States are rich in metals and minerals. The United States is one of the largest producers and consumers of metals and minerals across the globe. Mined resources are an important factor in the development of the United States’ industrial technology and national security. In 2002, the mining sector in the United States was estimated to have utilized 551 trillion British thermal units. The recovery ratio of several commodities that are mined clarifies the energy-intensive mining.
The US market dominated the North America Smart Container Market by Country in 2021; thereby, achieving a market value of $2.4 Billion by 2028. The Canada market is experiencing a CAGR of 20.6% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 19.6% during (2022 - 2028).
Based on Vertical, the market is segmented into Food & Beverages, Pharmaceuticals, Oil & Gas, Chemicals and Others. Based on Offering, the market is segmented into Hardware, Software and Services. Based on Technology, the market is segmented into Global Positioning System (GPS), Cellular, Long Range Wide Area Network (LoRa Wan) and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Smart Container Market is Predict to reach $10.8 Billion by 2028, at a CAGR of 18.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include A.P. Moller - Maersk A/S, Orbcomm, Inc. (GI Partners L.P.), SkyCell AG, TRAXENS, AirDAO, ZillionSource Technologies, Berlinger & Co. AG, Globe Tracker, ApS, Nexxiot AG and Phillips Connect (Phillips Industries, Inc.).
By Vertical
By Offering
By Technology
By Country
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