The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The cold chain monitoring market has experienced rapid growth, increasing from $5.52 billion in 2023 to $6.44 billion in 2024, with a compound annual growth rate (CAGR) of 16.7%. This growth is attributed to factors such as the demand for fresh produce, growth in the healthcare industry, and the need for supply chain optimization. Looking ahead, the market is expected to continue its rapid growth, reaching $11.82 billion by 2028, with a CAGR of 16.4%.

Key Drivers: Increasing Number of IoT Devices

The increasing number of Internet of Things (IoT) devices is expected to drive the growth of the cold chain monitoring market. IoT devices enable real-time monitoring of temperature and other environmental conditions within the cold chain, ensuring that products are kept at the required temperature range. With the number of IoT connections predicted to reach over 30 billion by 2025, the demand for cold chain monitoring solutions is expected to rise significantly.

Read The Full Cold Chain Monitoring Market Report Here:

https://www.thebusinessresearchcompany.com/report/cold-chain-monitoring-global-market-report

Technological Advancements

Technological advancements are a key trend in the cold chain monitoring market, with companies introducing advanced solutions to improve monitoring capabilities. For example, Disrupt-X launched an IoT-based cold storage monitoring solution that allows users to detect temperature and humidity fluctuations remotely, ensuring precise control over storage conditions.

Recent Acquisition Driving Innovation

In September 2021, GI Partners acquired Orbcomm Inc., a provider of cold chain monitoring solutions, for approximately $1.1 billion. This acquisition is driving industrial IoT innovation in the cold chain monitoring market, providing solutions for long-term strategic growth.

Market Segmentation and Regional Insights

The cold chain monitoring market is segmented by temperature type, components, logistics, and applications. North America was the largest region in the market in 2023, with Asia-Pacific expected to be the fastest-growing region in the forecast period.

Get A Free Sample On The Global Cold Chain Monitoring Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=8351&type=smp

The Cold Chain Monitoring Global Market Report 2024 provides an overviewof the cold chain monitoring market for the time series: historic years (2010 -2021) and ten years forecast (2023 – 2032).The cold chain monitoring market forecast analyzes cold chain monitoringmarket size, cold chain monitoring market share,leading competitor and their market positions.

The Table Of Content For The Cold Chain Monitoring Market Include:
1. Cold Chain Monitoring Market Executive Summary
2. Cold Chain Monitoring Market Segments
3. Cold Chain Monitoring Market Size And Cold Chain Monitoring Market Growth Rate
4. Key Cold Chain Monitoring Market Trends
5. Major Cold Chain Monitoring Market Drivers
……
25. Key Mergers And Acquisitions In The Cold Chain Monitoring Market
26. Top Cold Chain Monitoring Companies
27. Cold Chain Monitoring Market Opportunities And Strategies
28. Cold Chain Monitoring Market, Conclusions And Recommendations
29. Appendix

Explore Similar Reports From The Business Research Company:

Cold Chain Global Market Report 2024

Cold Chain Packaging Global Market Report 2024

Pharmaceutical Logistics Global Market Report 2024

Learn More About The Business Research Company
The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company:https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:

LinkedIn:https://in.linkedin.com/company/the-business-research-company
YouTube:https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model:https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: