Logistics Automation Market by Region – Global Opportunities & Forecast, 2020-2027

 Logistics Automation Market

The global Logistics Automation Market is projected to witness a CAGR of 10.6% over the forecast period. The evolution of the Industrial Internet of Things and the growth in the e-commerce industry are driving the logistics automation market growth.

Request a FREE Sample Report of Logistics Automation Market

Logistics Automation Market Dynamics

The advent of fourth industrial revolution and adoption of advanced technologies, such as IoT, IIoT, and AI to reduce the labour cost and improve the yield with the supervision of supply chain stands to be a prime force steering the growth of the global logistics automation market. For instance, Locale.ai, a real-time operational analytics platform, in 2020, introduced an optimized suite to deliver the logistics and on-demand company operations. Also, Kuehne+Nagel, in 2020, launched an artificial intelligence-based digital road logistics platform named eTrucknow. The online platform will help shippers with on-the-spot booking with reasonable pricing and completes visibility.

Other factors, such as the surge in e-commerce sales through online portals and growing demand from various end-use industries, such as food processing, pharmaceutical, and hospitality and the growing rural to urban migration are propelling the market growth. As per the United Nations Conference on Trade and Development Organization Report published in 2019, the international e-commerce sales of the products touched USD 26.7 Trillion, increased by 4% compared to 2018. However, the huge capital cost required to implement automation in the logistics operations may hamper the global logistics automation market size.

Function Segment Drivers

Based on the Function, the supply chain management is likely to witness the highest growth rate in the global logistics automation market during the forecast period. The augmenting adoption of digital platforms and software to handle the logistic supply chain operations across the globe will bolster the logistics automation market share. For instance, A.P. Moller – Maersk in 2020, introduced a digital supply chain management platform Maersk Flow to help small and medium-sized businesses with the difficulties of handling supply chains.

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

 

Comments

Post a Comment

Popular posts from this blog

Translucent Concrete Market By End-use Industry, and by Geography – Opportunities and Forecast, 2019-2026

  Global Translucent Concrete Market The GMI Research envisages that the Translucent Concrete Market will complement over the forecast period. This is because of the remarkable aesthetical features and augmenting application in commercial buildings. Request a FREE Sample of Translucent Concrete Market . Translucent Concrete Market Dynamics The chief forces influencing the growth of the global translucent concrete market includes their various beneficial features, which include, economical cost, facile production procedure, huge raw material, and optical fibre have better light guiding feature to be arranged in a manner which transmits light and sunlight.   This allows the diffusion of light to establish greener buildings on which light is less as it enables to emanate light from natural and synthetic sources to cater the demand for lighting. Thus, it helps to decrease energy consumption, which also results in the increasing demand for translucent concrete. Besides this, sever
Read more

Raising Agents Market By Region – Global Opportunities & Forecast, 2020-2027

  Global Raising Agents Market The survey conducted by GMI Research on the Raising Agents Market foresees huge growth opportunities over the forecast period. This is because of the ongoing product innovation by leading producers and the rising demand for processed food items. Request a FREE Sample Report of Raising Agents Market Raising Agents Market Dynamics The augmenting implementation of raising agents in the production of confectionary food items has dominated the growth of the global raising agents market. Further, the increasing prominence of bakery items, which include, cookies, cakes, breads, tortilla, and pastries has significantly fuelled the market share. The huge enlargement in the food industry has significantly propelled the global raising agents market opportunities. The increasing incidence of acidity among consumers will surge the demand for baking soda, as it helps to avoid the problem of acidity which indirectly supplements the market growth. Besides th
Read more

Enterprise Collaboration Market By Region – Global Opportunities and Forecast, 2021-2028

Enterprise Collaboration Market The Enterprise Collaboration Market is likely to reach USD 96 Billion in 2027, expanding at a rate of 12.8% over the forecast period. The growing usage of mobile devices for collaboration and the growing emphasis of organizations on improving the communication with several stakeholders situated at different areas will strengthen the market growth. Request a FREE Sample Report of Enterprise Collaboration Market Enterprise Collaboration Market Dynamics The rapidly increasing digitalization and usage of cloud-based solutions has raised the volume of data and data centers across different end-use industries have contributed to the increase in enterprise collaboration market share . In addition, the evolving trend of bring your own devices and other solutions will strengthen the market growth. The increasing emphasis on elasticity and network availability for employees has raised the adoption of the BYOD trend. People have become aware about the v
Read more