Propelling Tech Forward

Telematics plays a major role in developing innovative solutions for fleet management. The increasing use of fleet-management services by transport operators is anticipated to propel market demand for telematics. The adoption of telematics systems is expected to aid companies in reducing their fuel expenses and number of empty of runs.

According to a new report, the global IoT (Internet of Things) in warehouse management market is anticipated to reach $19.06 billion by 2025. Increasing adoption of goods-to-person technology in warehouses is expected to drive the growth.

IoT gateways provide secured channels to transmit data. The gateways operate as platforms for applications that process data. IoT also performs functions such as protocol translation, device connectivity, security, updating, and data filtering. The growing penetration of cloud-based platforms will positively impact the market demand over the projected period.

The EDI (electronic data interchange) solution is expected to show high growth rate with a compound annual growth rate of 27.3% throughout the projected period, due to the increasing need for data accuracy at the customer end. The implementation of EDI will reduce human errors and provide realtime information. The growing usage of mobile applications, coupled with the increasing proliferation of the embedded sensor technology, is anticipated to further propel the industry demand.

The growing penetration of technologies, such as RFID (radio-frequency identification) and automatic identification and data capture is expected to influence the market demand. Inventory management solution dominates the market in terms of revenue. The widespread adoption of pallet/item level tagging is expected to drive the smart inventory management solution. Sensing devices are anticipated to dominate the market in terms of revenue throughout the forecast period, owing to the increasing adoption of sensors across various applications. The Asia Pacific region is expected to portray high growth rate over the forecast period.

Germany and Singapore are the top ranked logistics performance index countries. As this technology develops further, it will be used on the jobsite more to increase productivity. 

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