ICT in the Transport and Logistics Sector: Market Opportunity Forecasts to 2029
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This model provides historical data and forecasts for ICT products and services in the Transport and Logistics Sector
The global transport and logistics sector ICT market was valued at US$ 233.28 billion in 2024 and will grow at a compounded annual growth rate (CAGR) of 13.50% to reach US$ 439.37 billion by 2029. The cumulative revenue generation for ICT in the transport and logistics sector is estimated at US$ 1,924.14 billion for 2024-2029. The Asia Pacific region dominated the transport and logistics ICT market with a revenue share of 37.7% in 2024. Undoubtedly, China was the major contributor to the transport and logistics sector ICT market growth in this region.
Scope
This product provides revenue opportunity forecasts for ICT products and services in the Transport and Logistics sector from 2020 to 2029, spanning 18 IT Solutions, 128 Products/Services, 6 regions, and 59 geographies. The details of the IT solutions and the corresponding Products/Services has been provided.
Key Highlights
- The global ICT in the Transport and Logistics sector market is expected to grow at a CAGR of 27% during the forecast period.
- The sector’s top three product/service categories – IoT Hardware, IoT Software, and SaaS.
- Asia-Pacific is expected to be the highest regional contributor with a market share of 2%, in the global ICT market in the Transport and Logistics sector, during the forecast period. North America and Western Europe will follow with market shares of 21.6% and 21.3%, respectively. The Middle East Africa, Central and Eastern Europe, and South and Central America together are expected to account for the remaining market share of 18.9%.
- IoT Hardware is expected to be the leading product/service segment of the ICT in the Transport and Logistics sector market during the forecast period.
Reasons to Buy
Access the current state and 5-year growth of ICT in the Transport and Logistics sector, along with historical trends, to identify fastest-growing products/services, most lucrative IT solutions, key geographies, and forward-looking enterprise investment strategies for profitable opportunities.
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