The connected logistics market is valued at US$46.80 billion in 2026 and is projected to reach US$121.49 billion by 2033, growing at a CAGR of 14.6%.
Growth is driven by increasing IoT adoption, 5G-enabled fleet connectivity, cloud-based logistics platforms, and rising supply chain traceability requirements.
Connected Logistics Software leads with 46.0% market share due to strong demand for supply chain visibility, fleet management, and transportation optimization solutions.
North America dominates with 36.0% market share, supported by advanced logistics infrastructure, strong e-commerce activity, and regulatory compliance requirements.
The biggest opportunity lies in cold chain logistics, driven by growing demand for connected monitoring solutions in pharmaceutical and food transportation.