Smart Logistics Market Size and Share

The global smart logistics market was valued at US$ 31.7 Billion in 2023, and is expected to register a CAGR of 21.7% over the forecast period and reach US$ 185.6 Bn in 2032.
Smart logistics is an innovative approach to supply chain management that leverages advanced technologies to optimize and automate various aspects of the logistics process. Key technologies involved include Internet of Things (IoT) devices, Global Positioning System (GPS) tracking, Radio-Frequency Identification (RFID), sensors, Artificial Intelligence (AI) and Machine Learning (ML) and algorithms, blockchain, and robotics and automation to name a few. These technologies work collaboratively to enhance the efficiency of operations, enabling smart freight matching, supply chain digitization, analytics & reporting, cloud computing, all of which can be conducted with real-time visibility into the entire supply chain.