The global market for smart food logistics was estimated at a good market share by revenue in 2019 and is projected to hit high by 2025, with a decent CAGR of percent during the 2020-2025 period. In the food industry, the market for smart logistics has arisen from the advantages of enabling the 'Ease of Procurement' to track packages in transit. The ability to obtain fresh goods with real-time access to the food movement is where the Internet of Things (IoT) driven smart logistics makes a big difference. With substantial growth rates over the last few years, the Global Smart food logistics Market is rising at a faster pace and the market is expected to expand significantly in the forecast period.
MARKET DYNAMICS
Rising usage of advanced analytics, improved automation and robotics for hardware and software and mobile computing for ERP is expected to drive the growth of the smart food logistics market. However, the issues related to absence of real-time clarity of assets positions leads to incompetent operational processes may restrain the growth of the smart food logistics market. Furthermore, several food logistics firms are involved in production operations which in turn is further going to create market opportunities for the smart food logistics market during the forecast period.
MARKET SCOPE
The "Smart Food Logistics Market Analysis to 2028" is a specialized and in-depth study of the smart food logistics market with a special focus on the global market trend analysis. The report aims to provide an overview of smart food logistics market with detailed market segmentation by component and technology, and geography. The smart food logistics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart food logistics market players and offers key trends and opportunities in the smart food logistics market.
MARKET SEGMENTATION
The smart food logistics market is segmented on the basis of component and technology. On the basis of type, the market is segmented into hardware, software and services. On the basis of application, the market is segmented into fleet management, asset tracking, cold chain monitoring and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the smart food logistics market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart food logistics market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting smart food logistics market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the smart food logistics market in these regions.
MARKET PLAYERS
The reports cover key developments in the smart food logistics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from smart food logistics market are anticipated to lucrative growth opportunities in the future with the rising demand for smart food logistics market. Below mentioned is the list of few companies engaged in the smart food logistics market.
The report also includes the profiles of key smart food logistics market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- BT9 Ltd.
- Controlant
- FoodlogiQ
- Geotab Inc.
- Huawei Technologies Co., Ltd.
- ORBCOMM
- Penske
- Semtech Corporation
- Sensitech Inc.
- Tech Mahindra Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.