IoT Logistics Market Set for 13% CAGR Growth to 2033, Driven by Internet and Blockchain
• IoT-powered logistics market projected to grow from $42.3 billion in 2023 to $146.1 billion in 2033, at a CAGR of 13.2%
• Growth driven by increasing internet penetration and integration of blockchain systems
• North America expected to account for largest market share due to high adoption of IoT solutions
• Large enterprises segment dominated market in 2022 with revenue of $24.1 billion
• Key players include IBM, AT&T, Hexagon AB, Cisco Systems, ORBCOMM, NEC Corporation, and Qualcomm