The smart container market was valued at $21.4 billion in 2018 and is expected to grow at an annual average of 20% from 2021 to 2027, reaching $11.29 billion by 2027.
The e-commerce industry is gaining popularity. With high internet penetration and increasing demand for convenience, consumers are ordering groceries and other food products online. As services like Amazon Fresh grow, consumers can buy fresh produce without leaving home. Subscription services are another fad with everything from snacks to specialties to meal kits with everything you need to cook a meal from scratch. What you need a smart container for in a business transaction is to properly ship goods from the customer’s location. The smart container shows humidity changes, movement and condition, shock detection, door opening and geofencing capabilities.
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Smart Container Market Segmentation
By Offering
• Hardware
• Sensors
• Temperature sensors
• Pressure sensors
• Humidity sensors
• Gas sensors
• Other sensors
• Connectivity Devices
• Telematics and Telemetry Devices
• Software
• Services
By Technology
• GPS (Global Positioning System)
• Cellular
• LoRa WAN (Long Range Wide Area Network)
• BLE
• Others
By Vertical
• Food & Beverages
• Pharmaceutical
• Oil & Gas
• Chemicals
• Others
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