What Fueled The Previous Growth In The Cloud Logistics Market?
The cloud logistics market has seen considerable growth due to a variety of factors.
• The scale of the cloud logistics market has expanded at a fast pace in the previous years. The market is set to rise from $19.26 billion in 2024 to $21.41 billion in 2025 with a compound annual growth rate (CAGR) of 11.2%.
The increase during the historical period can be accredited to the transition to e-commerce, the move towards sustainable global business operations, the implementation of blockchain tech, heightened internet accessibility, and growing needs for transparency and visibility throughout the supply chain.
What Can Be Expected from the Cloud Logistics Market?
The cloud logistics market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the cloud logistics market is projected to experience significant expansion, estimated to reach $32.45 billion by 2029 with a compound annual growth rate (CAGR) of 10.9%.
Factors contributing to this projected growth during the forecast period include the rise in the use of cloud-based solutions in supply chains, the increasing demand from customers for transparent and quicker delivery periods, increased acceptance of digital transformation, need for real-time data in contemporary supply chains, and the growing requirement for budget-friendly and scalable operations for businesses. Foreseen trends within this period consist of advancements in cloud technology, the incorporation of leading-edge technologies like artificial intelligence (AI) and the Internet of Things (IoT) into cloud-based logistics platforms, mobile-centric solutions, product innovation, and state-of-the-art technological solutions for efficient management.
What Are the Critical Driver Fuelling The Cloud Logistics Market's Growth?
The anticipated growth of the cloud logistics market is being driven by the increasing transition to e-commerce. E-commerce is an online platform for the purchase and sale of goods and services, inclusive of retail shopping, digital services, and electronic payments. Factors such as evolving consumer behavior, non-stop availability, operational costs, data-guided insights, and expandability and versatility have influenced this transition to e-commerce. Cloud logistics contributes to e-commerce by offering real-time visibility, scalability, and optimised order fulfillment, thereby improving operational performance and customer satisfaction. For example, in August 2024, the US retail e-commerce sales, according to the U.S. Census Bureau, hit $291.6 billion in the second quarter of 2024, a rise of 1.3% from the first quarter and 6.7% year-on-year. The total retail sales for the period stood at $1,826.9 billion, marking a 0.5% rise from the first quarter and 2.1% from the second quarter of 2023. Hence, the accelerating shift towards e-commerce fuels the growth of the cloud logistics market.
How Is The Cloud Logistics Market segmented?
The cloud logistics market covered in this report is segmented –
1) By Type: Public, Private, Hybrid, Multi
2) By Operating System Type: Native, Web-based
3) By Enterprise Size: Large Enterprise, Small And Medium Enterprises
4) By Industry Vertical: Retail, Consumer Electronics, Healthcare, Automotive, Food And Beverage, Other Industry Verticals
Subsegments:
1) By Public: Shared Infrastructure Solutions, Pay-As-You-Go Services, General Logistics Platforms
2) By Private: Dedicated Infrastructure Solutions, Customized Logistics Applications, Enhanced Security Features
3) By Hybrid: Combination Of Public And Private Solutions, Flexible Resource Allocation, Cloud Bursting Capabilities
4) By Multi: Multi-Cloud Solutions, Cross-Platform Integration, Unified Management Across Different Cloud Providers
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What New Trends Are Influencing The Cloud Logistics Market?
Prominent players in the cloud logistics market are concentrating on creating data standardization solutions to ensure efficient management, augment interoperability, enhance data precision, simplify communication with supply chain partners and maximize operational efficacy. These data standardization solutions are tools or methodologies that create uniformity and structure in data across various systems, facilitating accurate assessments and smooth integrations. In the context, in December 2023, Fujitsu Limited, an enterprise based out of Japan that specializes in information and communication technologies, introduced a novel service which deals with standardization and representation of logistic data on the cloud, providing a platform that amalgamates and graphically illustrates logistic data. It includes a data hub for effortless amalgamation of logistic data from diverse systems, a logistics KPI utility for numerical illustration and scrutiny of collective logistic information and ties with users' main systems as well as warehouse and transportation management systems.
Who Are the Key Players In The Cloud Logistics Market?
Major companies operating in the cloud logistics market are:
• Microsoft Corporation
• Alibaba Group
• Amazon Web Services (AWS)
• International Business Machines Corporation
• Cisco Systems Inc.
• Oracle Corporation
• SAP SE
• Salesforce Inc.
• C.H. Robinson Worldwide
• Trimble Inc.
• Zoho Corporation
• Descartes Systems Group Inc
• ShipBob Inc.
• Blue Yonder Inc.
• BluJay Solutions
• Mastery Logistics Systems LLC
• 3GTMS
• Magaya Corporation
• CargoSmart Limited
• Kale Logistics Solutions Pvt Ltd
• Detrack Systems Pte Ltd
What Is The Most Dominant Region In The Cloud Logistics Market?
North America was the largest region in the cloud logistics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
