DUBLIN--(BUSINESS WIRE)--The "Global Smart Container Market (2021-2026) by Offering Type, Technology Type, Vertical Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Smart Container Market is estimated to be USD 4.3 Bn in 2021 and is expected to reach USD 9.8 Bn by 2026, growing at a CAGR of 17.9%.
The Global Smart Container Market is driving because of increasing adoption of new advanced and innovative technologies like Internet of Things (IoT) by various companies such as shipping, freight forwarding, transportation, logistics, and supply chain companies for collecting and transferring a large amount of data during operations/processes.
Also, temperature deviation rising the Concern related to food and medical products wastage which can be managed by putting temperature sensors and temperature control containers. Additionally, the growing need for operational efficiency and safety of containers are significant factors driving the market's growth. On the other hand, the high cost associated with the implementation of smart containers and applications, Concerns related to data privacy and security will restrict the market's growth.
Furthermore, the lack of standards for consistent communication and networking are challenges in the market. However, increasing technological investment for containers management and rising environmental awareness associated with the focus on sustainability by shipping industries will create opportunities for the market to grow.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Smart Container Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Market Dynamics
Drivers
- Growing Need for Operational Safety and Efficiency Enhancement
- Rising Concern related to Food and Medical Wastage
- Growing Adoption of Internet of Things (IoT) Devices
Restraints
- Security and Privacy Concerns
- High Implementation Costs
Opportunities
- Growing Focuses on Environment Sustainability
- Increasing Technological Investment for Container Management
Challenges
- Lack of Standards for Uniform Communication
Companies Mentioned
- Ambrosus
- AT&T, Inc
- Berlinger & Co AG
- Broadcom, Inc
- China International Marine Containers (Group) Co Ltd
- Clock Logistics Systems
- CMA CMG S.A
- CSK Corporation
- D2iQ, Inc
- Digi International, Inc
- Emerson Electric Co
- Globe Tracker
- Hapag-Lloyd AG
- Identec Solutions AG
- International Business Machines Corporation
- Loginno
- Maersk Group
- Mediterranean Shipping Company S.A
- Mirantis, Inc
- Monnit Corporation
- Nexxiot AG
- Orbcomm
- Philips Connect Technologies
- Raytheon Technologies Corporation
- Robert Bosch GmbH
- Savvy Telematic Systems AG
- SecureSystem GmbH
- Shenzhen Joint Technology Co Ltd
- SkyCell
- Traxens
- Zillion Source Technologies
- ZIM Integrated Shipping Services
For more information about this report visit https://www.researchandmarkets.com/r/aap57p
