Smart Container Market Worth $9.7 billion by 2027 – Exclusive Report by MarketsandMarkets™ – QNT Press Release

CHICAGO, Nov. 17, 2022 /PRNewswire/ — Smart Container Market size is estimated to be USD 3.9 billion in 2022 and is projected to reach USD 9.7 billion by 2027, at a CAGR of 19.6% according to a new report by MarketsandMarkets™. Increasing focus on end-to-end supply chain visibility, higher demand for monitoring and control of internal container conditions and increasing adoption of IoT devices by shipping companies are among the key factors expected to drive the growth of the smart container market in the next five years. During the forecast period, the higher demand from the food and beverages industry is expected to increase smart container adoption globally.

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Browse in-depth TOC on “Smart Container Market” 135 – Tables
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By offering, hardware segment to lead market during the forecast period

Hardware components such as sensors, connectivity devices, and telematics and telemetry devices are extensively used in various applications ranging from sensing the environment to relaying data to a centralized database for further evaluation. For most of container monitoring reliability and reliability applications, the accuracy critical parameters. Devices such as data loggers or gateways are used throughout the container transit for reliable connectivity and to monitor the temperature, pressure, and humidity of food, pharmaceuticals, chemicals, and other environment-sensitive products. Among all the components, hardware are the most used electronic components in smart containers. As the number of hardware components installed in a container is large, in addition to the high cost of these devices, the hardware segment is estimated to have the largest market share.

By technology, BLE segment to …

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