Smart Container Market Booming, Projected to Reach $9.7 Billion by 2027


Many industries, including the shipping and logistics industry, are seeing an increase in the use of IoT devices. One example of how Internet of Things technology is transforming this industry is the creation of smart containers. Smart containers have sensors and other Internet of Things (IoT) gadgets that let them keep an eye on and control many aspects of the logistics and shipping process. These tools allow shipping organisations to more effectively track and manage their inventory, lower the possibility of loss or damage, and boost logistical efficiency. As more businesses come to understand the advantages of IoT technology in logistics and shipping, it is anticipated that the use of smart containers will continue to rise.

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Key Players:

Major players in the Smart Container Market include MSC (Switzerland), Sealand – A Maersk Company (US), Globe Tracker (Denmark), Traxens (France), ORBCOMM (US), Shenzhen CIMC Technologies Co., Ltd. (China), and Berlinger & Co. AG (Switzerland).

Smart Containers and the Push for Efficiency: How IoT Devices are Helping Companies Streamline Operations

Real-time tracking and monitoring of numerous variables, including as location, temperature, and shock, is possible with smart containers that are fitted with IoT sensors and gadgets. This kind of thorough monitoring aids shipping and logistics firms in better managing their supply chains, cutting down on costs and time spent on transportation while increasing effectiveness. The demand for greater effectiveness and cost savings, as well as the rising expectations of customers for prompt and dependable transportation, are driving the use of smart containers.

The logistics and shipping processes are made safer and more secure by the use of smart containers. Real-time monitoring of factors like temperature and humidity makes it simpler to see possible problems and take action before they turn into bigger difficulties, lowering the chance of spoiling and other kinds of damage to commodities in transit. This assists companies in avoiding losses and ensuring that their clients receive high-quality goods. IoT device usage is anticipated to increase in the transportation and logistics sector as the advantages of smart containers become more clear.

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The Role of IoT Technology and Smart Containers

The shipping and logistics sectors are quickly adopting IoT technologies and smart containers. Smart containers can track their location, monitor temperature and humidity, detect shock and vibration, and control other parts of the shipping and logistics process thanks to a number of IoT sensors and devices. The shipping and logistics process is made more effective, safe, and secure thanks to these cutting-edge monitoring capabilities, which also lessen waste and spoilage. Smart containers are projected to grow in popularity over the next few years as IoT technology continues to advance and develop, resulting in increased productivity and client happiness.

News Covered:

https://www.globenewswire.com/news-release/2023/02/21/2611756/0/en/The-Rise-of-Smart-Containers-and-IoT-Devices.html 

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