Europe Connected Logistics Market Size & Outlook
The connected logistics market in Europe is expected to reach a projected revenue of US$ 17,504.7 million by 2030. A compound annual growth rate of 13.2% is expected of Europe connected logistics market from 2024 to 2030.
Revenue, 2023 (US$M)
$7,358.5
Forecast, 2030 (US$M)
$17,504.7
CAGR, 2024 - 2030
13.2%
Report Coverage
Europe
Europe connected logistics market, 2017-2030 (US$M)
Related Markets
Europe connected logistics market highlights
- The Europe connected logistics market generated a revenue of USD 7,358.5 million in 2023.
- The market is expected to grow at a CAGR of 13.2% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 7,358.5 million |
| Market revenue in 2030 | USD 17,504.7 million |
| Growth rate | 13.2% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Intel Corp, Infosys Ltd ADR, Cisco Systems Inc, HCL Technologies, International Business Machines Corp, SAP SE, Honeywell International Inc, NEC Corp, ORBCOMM, Freightgate |
Other key industry trends
- In terms of revenue, Europe region accounted for 21.9% of the global connected logistics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 24,179.4 million by 2030.
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Connected Logistics Market Scope
Connected logistics market segmentation & scope
RFID Tags
Sensors
Communication Devices
Tracking Devices
Others
Warehouse Management
Fleet Management
Freight/Transportation Management
Asset Tracking and Management
Data Management and Analytics
Others
Consulting
Integration and Deployment
Support and Maintenance
Managed Services
Retail & E-commerce
Automotive
Aerospace & Defense
Healthcare
Energy
Electronics & Semiconductors
Others
Connected Logistics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe connected logistics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to connected logistics market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 67.32% in 2023. Horizon Databook has segmented the Europe connected logistics market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
- Europe Connected Logistics Component Outlook (Revenue, USD Million, 2017-2030)
- Hardware
- RFID Tags
- Sensors
- Communication Devices
- Tracking Devices
- Others
- Software
- Warehouse Management
- Fleet Management
- Freight/Transportation Management
- Asset Tracking and Management
- Data Management and Analytics
- Others
- Services
- Consulting
- Integration and Deployment
- Support and Maintenance
- Managed Services
- Hardware
- Europe Connected Logistics Transportation Mode Outlook (Revenue, USD Million, 2017-2030)
- Roadways
- Railways
- Airways
- Waterways
- Europe Connected Logistics Vertical Outlook (Revenue, USD Million, 2017-2030)
- Retail & E-commerce
- Automotive
- Aerospace & Defense
- Healthcare
- Energy
- Electronics & Semiconductors
- Others
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Target buyers of Europe connected logistics market databook
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Our clientele includes a mix of connected logistics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe connected logistics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe connected logistics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Europe connected logistics market size, by country, 2017-2030 (US$M)
Europe Connected Logistics Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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