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Cloud Logistics Market Trends

  • Report ID: GMI10656
  • Published Date: Aug 2024
  • Report Format: PDF

Cloud Logistics Market Trends

The cloud logistics industry is experiencing robust growth, driven by several key trends. A significant factor is the increasing adoption of advanced technologies such as AI and IoT. These technologies enhance real-time tracking, predictive analytics, and supply chain visibility, enabling more efficient logistics operations. The integration of 5G connectivity further supports this by improving data transmission speeds, thus facilitating faster and more reliable logistics processes.
 

Moreover, scalability and flexibility have become essential features of cloud logistics solutions, allowing businesses to quickly adapt to fluctuating demand, particularly in the rapidly growing e-commerce sector. Further, there is a growing emphasis on sustainability, with companies leveraging cloud logistics to optimize routes, reduce fuel consumption, and lower carbon footprints. The service providers are launching new logistics capabilities to help customers in enhancing logistics operations.
 

For instance, in February 2024, Oracle unveiled new logistics capabilities within Oracle fusion supply chain & manufacturing (SCM). The updates to Oracle transportation management and Oracle global trade management, part of Oracle cloud SCM help customers in enhancing logistics operations by improved decision-making, low costs, increased visibility, and automating regulatory compliance.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of cloud logistics reached USD 21.2 billion in 2023 and is expected to register over 12% CAGR from 2024-2032, owing to the rapid growth of the e-commerce sector worldwide.

Cloud logistics industry from the large enterprises segment is expected to reach over USD 35 billion by 2032, due to large enterprises often dealing with complex and global supply chains that require efficient management.

North America market held over 35% share in 2023, due to advanced technological infrastructure and high adoption rates of digital solutions across industries in the region.

C. H. Robinson, Descartes Systems Group, Detrack Systems, IBM Corporation, Magaya Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Trimble Inc., and MetricStream, Inc., are some of the major cloud logistics companies worldwide.

Cloud Logistics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 250
  • Countries covered: 22
  • Pages: 140
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