Mexico Connected Logistics Market Size & Outlook
The connected logistics market in Mexico is expected to reach a projected revenue of US$ 2,043.8 million by 2030. A compound annual growth rate of 11.6% is expected of Mexico connected logistics market from 2024 to 2030.
Revenue, 2023 (US$M)
$945.1
Forecast, 2030 (US$M)
$2,043.8
CAGR, 2024 - 2030
11.6%
Report Coverage
Mexico
Mexico connected logistics market, 2017-2030 (US$M)
Related Markets
Mexico connected logistics market highlights
- The Mexico connected logistics market generated a revenue of USD 945.1 million in 2023 and is expected to reach USD 2,043.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11.6% 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.
Connected logistics market data book summary
| Market revenue in 2023 | USD 945.1 million |
| Market revenue in 2030 | USD 2,043.8 million |
| Growth rate | 11.6% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 2.8% of the global connected logistics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. connected logistics market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 21,892.6 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 |
|---|
Mexico 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 67.43% in 2023. Horizon Databook has segmented the Mexico connected logistics market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
- Mexico 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
- Mexico Connected Logistics Transportation Mode Outlook (Revenue, USD Million, 2017-2030)
- Roadways
- Railways
- Airways
- Waterways
- Mexico 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 Mexico 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 country-level data and insights on the Mexico connected logistics market , including forecasts for subscribers. This country databook contains high-level insights into Mexico connected logistics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico connected logistics market size, by component, 2017-2030 (US$M)
Mexico Connected Logistics Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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