TECHGuru

  Internet of Things (IoT) in Logistics Market - Snapshot The global Internet of Things (IoT) in logistics market is anticipated to be driven by increase in cost pressure and rise in demand for automation of processes. The logistics industry has adopted IoT solutions at a slow pace than other industries. Hence, automation of business processes drives the Internet of Things (IoT) in logistics market. Furthermore, automation is happening in all industries, and the benefits are groundbreaking for enterprises, with higher productivity, better consumer awareness, and innovative business models. However, customers have to make substantial investments and experience high maintenance costs which are restraints of the market. The global IoT in logistics market is anticipated to reach US$ 63,728.6 Mn by 2026 at a CAGR of 12.4% during the forecast period. Logistics companies invest in automation to increase efficiency, speed, and optimization & timing of the services, thus increasing re...