Meticulous Research® has released a comprehensive report on the smart containers market, forecasting its growth to $16.9 billion by 2030, with a notable CAGR of 20.1% from 2024 to 2030. The market's expansion is driven by the increasing need for logistics optimization, supply chain transparency, and enhanced cargo security.
The report segments the market by offering, type, size, technology, application, and sector. The software segment is anticipated to lead the market in 2024, thanks to its role in data analytics and cloud-based solutions. The dry containers segment is projected to dominate in terms of market share, while reefer containers are expected to show the highest growth rate.
The market's technological landscape is highlighted by the dominance of IoT technology in 2024, with blockchain technology forecasted to experience the highest CAGR due to its benefits in traceability and contract automation.
In terms of application, the asset tracking & management segment is expected to hold the largest share, while the supply chain optimization segment is projected to grow the fastest. The retail & e-commerce sector is anticipated to lead the market, with the food & beverage sector expected to grow rapidly due to the increasing demand for efficient inventory and quality management.
Asia-Pacific is forecasted to be the largest regional market, supported by its strong industrial base and green logistics initiatives. Major players in the market include Panasonic Industry Co., Ltd., CMA CGM Group, and ORBCOMM, who are key contributors to the industry's advancement.
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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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