The market for cloud logistics is expected to be valued US$ 67.8 billion in 2034, up from an estimated US$ 21.3 billion in 2024. The industry is projected to grow at a CAGR of 12.3% between 2024 and 2034. The logistics sector has witnessed a surge in demand for cloud computing due to several significant advantages, such as reduced downtime, uninterrupted corporate operations, and reduced risk of data loss.
Globalization and e-commerce’s explosive growth have raised the volume and complexity of logistics operations, necessitating the use of cloud logistics solutions. These solutions provide the connectivity required to effectively manage global supply chains, meeting the demands of online retail and international markets.
Cloud logistics solution are cost-efficient as cloud-based logistics eliminate the need for extensive hardware investments and maintenance costs. Cloud-based systems allow stakeholders to access data and manage operations from anywhere, fostering collaboration and enabling remote work capabilities, driving the market demand.
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Cloud logistics solutions are being adopted across various industries beyond traditional logistics sectors, including healthcare, retail, manufacturing, and more. This diversification of applications broadens the market for cloud logistics.
Cloud computing offers enhanced disaster recovery capabilities in the logistics industry, enabling logistics firms to swiftly rebound from unforeseen events like system failures or natural tragedies. Cloud technology provides disaster recovery options, including backup and restore replication and failover solutions. These features ensure the resilience and continuity of logistics operations during challenging situations.
Key Takeaways
- From 2019 to 2023, the cloud logistics market was valued at a CAGR of 6%
- Based on OS type, the web-based OS segment is expected to account for a share of 0% in 2024.
- Global cloud logistics demand in China is predicted to account for a CAGR of 8% in 2024.
- In the United States, the cloud logistics industry is expected to account for a CAGR of 1% in 2024.
- Germany is projected to expand by a value CAGR of 7% between 2024 and 2034.
- Cloud logistics market in Japan is anticipated to record a CAGR of 5% in 2024.
“The restoration of industrial growth, along with the elements of the fourth industrial revolution, is anticipated to drive the market growth during the forecast period,” opines Sudip Saha, managing director at Future Market Insights (FMI) analyst.
Competitive Landscape
Key players focus on organic growth strategies like product launches and approval. Collaborations and partnerships with key players and acquiring niche players are critical strategies followed by leading cloud logistics in the market.
Key players operating in the cloud logistics market
- Bwise
- IBM Corporation
- Oracle Corporation
- Microsoft Corporation
- SAP SE
- Thomson Reuters Corporation
- Trimble Transportation
- Transplace (an Uber Freight Co.)
- Descartes Systems Grou
- H. Robinson
- MetricStream Inc.
Product Offering
- Oracle Cloud provides cloud-based solutions for logistics, offering services such as transportation management, warehouse management, and supply chain planning to streamline operations.
- SAP Cloud Platform offers a range of logistics solutions, including SAP Integrated Business Planning and SAP Transportation Management, facilitating end-to-end supply chain visibility and optimization.
- Cisco’s cloud-based networking solutions play a role in logistics by providing secure and efficient connectivity for logistics systems, IoT devices, and data management.
- Accenture offers cloud-based consulting and technology services that assist logistics companies in digital transformation, process optimization, and implementing cloud-based logistics solutions.
Restraints:
Despite its exponential growth, the Cloud Logistics Market faces certain challenges, such as:
- Concerns regarding data security and privacy in cloud-based logistics systems
- Initial implementation costs and complexities associated with integrating cloud solutions
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Cloud Logistics Segments Covered in the Report
Type:
- Public
- Private
- Hybrid
- Multi
OS Type:
- Native
- Web-based
Enterprise Size:
- Large Enterprise
- Small and Medium Enterprises
Industry Vertical:
- Consumer Electronics
- Healthcare
- Automotive
- Food & Beverage
- Other
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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