Logistics Market: Future Forecast Assessed On The Basis Of How The Market Is Predicted To Grow

The global logistics market is a highly competitive one, states a latest market intelligence report. The vendors in the global logistics market are expected adopt several organic as well as inorganic growth strategies in order to gain momentum in the industry. Among these, leveraging the latest technological innovations is a popular scheme amongst logistics market players.

The implementation and use of novel technology has significantly affected the logistics industry vendors. Some of the market’s latest techniques are Warehouse Management Systems, Global Positioning System (GPS), Transportation Management System (TMS) and Order Entering Systems, among other. During the entire shipping cycle, technological progress made it possible to monitor the item. This is because of the emergence of tracking systems such as RFID, GPS and bar code technologies.

Logistics providers are using the latest technology, such as CPFR and VMI (Vendor Managed Inventory), to satisfy ever-changing customer requirements. DHL Express introduced a fresh TC55 technology which works on Android platform and which is simple to use, as well as the navigation skills in the global positioning system (GPS).

Leading players in the logistics market are J.B. Hunt Transport Services, Ceva Holdings LLC, Expeditors International of Washington Inc., C.H. Robinson Worldwide, Inc., and Americold Logistics, among others.

The global logistics market is projected to rise at a 7.4% CAGR over the forecast period 2018 to 2026. The market was estimated to reach a value of US$ 16445.1 Bn by 2026, according to report analysts.

The Asia Pacific logistics market is expected to grow rapidly over the forecast period. The study shows that, because of the development of the retail sector in e-Commerce, which is currently driving the logistics market, the worldwide logistics industry is expanding rapidly. A comparable trend is expected during the forecast period.

Soaring Global Trade Puts Logistics Market on the Spot

The development of the world market in logistics is mainly attributable to increased global trade activity for developing economies, increased trade agreements and worldwide logistic infrastructure and progress on IT and transport. Globalization also fosters the logistics industry because the supply chain has become more and more complicated and more multinational companies are outsourcing the logistics services to third parties, seconds and fourths.

In addition, the logistics administration makes an organisation’s quality, price, flexibility and distribution more competitive. These variables are now helping organisations to improve their logistics activity. Logistics provides many benefits, including reducing operating costs, improving delivery and increasing client satisfaction. This is a key factor fueling the global logistics market in coming years.

To Garner Compelling Insights On The Forecast Analysis Of Global Market, Request A Brochure

Outsourcing to be Key Market Trend

The increased use of logistics services outsourced in the region has led to market growth. Growing imports and exports, together with the enormous demand for logistics services, are driving producers to trade worldwide as a result of economic growth and urbanization. The logistics infrastructure is improved to satisfy the requirement of additional logistics characteristics using the IT to ensure smooth data flows from one source to the next. This factor augments demand in the global logistics market to a great extent.

Free Trade Agreements to Bolster Logistics Market

The growth in trade-related contracts between the two nations is also a significant factor that affected the logistics industry. The FTA has allowed the taxes and obligations to be reduced. In addition, trade activities have increased as exporters and importers don’t have to pay government taxes. Trade bloc countries lift bans and flexibility in trade. These supportive initiatives are expected to drive the global logistics market greatly in forthcoming years.

Internet of Things Testing Market: Latest Trends and Forecast Analysis up to 2025

The Internet of things (IoT) represents a giant network of interconnected devices or things that are embedded in the existing internet infrastructure. These things can include a variety of objects such as electronics devices, vehicles, equipment, sensors, and consumer appliances. The concept may signify the sharing of data and information with people and animals connected to the infrastructure in near-real time. The proliferation of connected devices and the soaring popularity of IoT among enterprises in developed and developing nations have led to the pressing need for Internet of Things testing mechanisms. Developing an effective IoT testing mechanism foregrounds evaluating key aspects such as compatibility and usability of the interconnected devices, security of the network, the connectivity, and overall performance of the system. Furthermore, enterprises implementing IoT should take into account the integration of new devices and technologies with the existing network. A number

Low Power Display Market: Projection of Each Major Segment over the Forecast Period 2017 - 2025

Low power display technology is treated separately from our modern world. High resolution displays with low power are considered by many consumers to represent the low power display technology. The development in optoelectronics and nanotechnology has changed the low power display market . The low power display market consumes of less power than plasma technologies and cathode ray tube (CRT). Low-power features have become essential for liquid crystal displays (LCDs) due to environmental concerns. The technology that saves energy by decreasing the power consumption of the backlight unit in a display panel is considered in in low power display technology. A low refresh-rate technology was introduced in order to further minimize power consumption in the display panel. The low refresh-rate was achieved by employing oxide thin-film transistors (Ox-TFTs) with extremely low leakage currents. However, flicker may be visible due to the current leakage through the liquid crystal (LC

Noise Suppression Components Market: Granular View of The Market from Various End-Use Segments

Noise suppression refers to the methods of reducing and eliminating the effects of unwanted and undesirable sound effects and electrical disturbances which occurs when the level of signal carrier is greater than the noise level. Noise causes intrusion in many electrical devices. However, there are rules to suppress noise, because noise which does not affect a particular electrical device may affect some other electrical device. Further, an electronic device is known as ‘emission’ if it is itself the source of unwanted noise and it is referred to as immunity if the concerned electronic device is the victim of unwanted noise. Electromagnetic interference (EMI) and electromagnetic compatibility (EMC) has made the issue of noise suppression important. Some of the examples of noise suppression components are electromagnetic interference suppression filter which is an electronic component which provides electromagnetic noise suppression techniques for electronic goods. The function of the e

Research Blogs

Search This Blog