Cloud Logistic Market Overview
As per MRFR analysis, the Cloud Logistic Market Size was estimated at 10.19 (USD Billion) in 2022. The Cloud Logistic Market Industry is expected to grow from 13.52(USD Billion) in 2023 to 172.52 (USD Billion) by 2032. The Cloud Logistic Market CAGR (growth rate) is expected to be around 32.7% during the forecast period (2024 - 2032).
Key Cloud Logistic Market Trends Highlighted
The Cloud Logistics Market is experiencing several key trends, including
Digitalization: Increased adoption of digital technologies and processes is streamlining logistics operations, enhancing visibility, and improving efficiency.Data Analytics: Leverage data to optimize supply chains, predict demand, improve inventory management, and enhance customer service.Sustainability: Growing focus on reducing environmental impact is driving the adoption of sustainable logistics practices, such as carbon footprint tracking and eco-friendly packaging.Collaboration: Increased collaboration between logistics providers, shippers, and other supply chain stakeholders is improving coordination and reducing inefficiencies.Real-time Visibility: Advancements in tracking technologies, IoT devices, and data analytics are providing real-time visibility into logistics processes, allowing for quick decision-making and prompt response to disruptions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Cloud Logistic Market Drivers
Increasing Adoption of Cloud-Based Solutions
One of the main market drivers in the Cloud Logistic Market Industry is the increasing adoption of cloud-based solutions. Today, more and more businesses of all sizes are moving their workloads to the cloud, and this trend is likely to continue in the nearest future. The main reason for such a shift is the number of advantages that cloud solutions have in comparison to on-premise alternatives that predate them. The benefits associated with cloud solutions include increased flexibility, scalability, and cost-effectiveness, all of which contribute to the popularity of cloud solutions among businesses.As a result, these solutions are becoming the new standard for increasing efficiency and profitability. In particular, the Cloud Logistic Market Industry is set to benefit from this trend, as businesses increasingly use cloud solutions to manage their logistics.
Growing Demand for Supply Chain Visibility
The growing demand for supply chain visibility is another important market driver in the Cloud Logistic Market Industry. Businesses are increasingly looking for ways to improve their supply chain visibility so that they can better track their inventory, shipments, and other logistics activities. Cloud-based solutions can provide businesses with the visibility they need to improve their supply chain efficiency and reduce costs. As a result, the demand for cloud-based supply chain visibility solutions is expected to grow in the coming years.
Rise of E-commerce
The growth of the Cloud Logistic Market Industry is also on the rise because of the growth of e-commerce. E-commerce businesses need to be able to quickly and efficiently fulfill orders and cloud-based solutions can help them to do this. Cloud-based solutions can provide e-commerce businesses the flexibility, scalability, and cost effectiveness that they need to meet their customers’ demands. This is why the demand for cloud-based logistics solutions can be expected to grow in the future.
Cloud Logistic Market Segment Insights
Cloud Logistic Market Deployment Model Insights
The Cloud Logistic Market segmentation by deployment model into public cloud, private cloud, and hybrid cloud provides insights into the adoption strategies of businesses. In 2023, the public cloud segment held the largest market share, accounting for approximately 55% of the Cloud Logistic Market revenue. This dominance is attributed to the flexibility, scalability, and cost-effectiveness it offers to businesses. The private cloud segment is expected to witness significant growth in the coming years due to the increasing emphasis on data security and privacy.The hybrid cloud segment, which combines the benefits of both public and private clouds, is also expected to gain traction as organizations seek to optimize their IT infrastructure. This growth will be driven by the increasing adoption of cloud-based solutions by logistics companies seeking to improve their efficiency, reduce costs, and enhance customer service.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Cloud Logistic Market Service Type Insights
The Cloud Logistic Market is segmented by Service Type into transportation management, warehouse management, fleet management, and supply chain analytics. Among these segments, the transportation management segment accounted for the highest market share in GCLM in 2023, and it is expected to dominate the industry through the forecast period. The growth of this segment can be attributed to the increased adoption of cloud-based transportation management systems by the various providers associated with logistics. Meanwhile, the warehouse management segment is expected to display the fastest growth in the given period.
This is due to the increased adoption of cloud-based warehouse management systems by the various warehouses and distribution centers. The fleet management segment is expected to grow gradually in the forecast period due to the increased adoption of cloud-based fleet management systems for tracking the vehicles operated by the various fleet operators. The supply chain analytics segment is expected to grow the fastest during the forecast period. This is due to the increased adoption of cloud-based supply chain analytics by various businesses for analyzing their supply chain data.
Cloud Logistic Market Industry Vertical Insights
Industry Vertical The Cloud Logistic Market is segmented into various industry verticals, including retail and e-commerce, manufacturing, healthcare, automotive, and food and beverage. Among these, the retail and e-commerce segment is expected to dominate the market in 2023, accounting for a major share of the Cloud Logistic Market revenue. The growth in this segment is primarily driven by the increasing adoption of cloud-based logistics solutions by retailers and e-commerce companies to enhance their supply chain efficiency and customer experience.Other industry verticals, such as manufacturing, healthcare, automotive, and food and beverage, are also expected to contribute significantly to the growth of the Cloud Logistic Market. These industries are leveraging cloud-based logistics solutions to optimize their supply chain operations, reduce costs, and improve customer service.
Cloud Logistic Market Company Size Insights
The Cloud Logistic Market is segmented by Company Size into Small and Medium-sized Enterprises (SMEs) and Large Enterprises. Among these segments, Large Enterprises held the largest market share in 2023, accounting for approximately 60% of the Cloud Logistic Market revenue. This dominance is attributed to the increasing adoption of cloud-based logistics solutions by large enterprises to streamline their supply chain operations, improve efficiency, and gain a competitive edge. SMEs, on the other hand, are expected to witness significant growth in the coming years due to the increasing affordability and accessibility of cloud-based logistics solutions.By 2032, the SME segment is projected to grow at a CAGR of 35.2%, reaching a market size of USD 62.3 billion. This growth is driven by the increasing adoption of cloud-based logistics solutions by SMEs to reduce costs, improve agility, and gain access to advanced technologies.
Cloud Logistic Market Regional Insights
The regional segmentation of the Cloud Logistic Market offers valuable insights into the market dynamics across different geographic regions. North America is projected to dominate the market with a significant share due to the presence of major players in the logistics industry and the adoption of advanced technologies. Europe follows closely, driven by the increasing demand for cloud-based logistics solutions from various industries. The APAC region is expected to witness substantial growth, attributed to the rising e-commerce sector and government initiatives promoting digitalization.South America and MEA are anticipated to show steady growth, as businesses in these regions recognize the benefits of cloud logistics for enhancing supply chain efficiency and reducing costs. With a global market revenue estimated to reach USD 172.52 billion by 2032, the regional segmentation provides granular data for businesses to make informed decisions and capitalize on growth opportunities.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Cloud Logistic Market Key Players And Competitive Insights
Major players in Cloud Logistic Market strive to constantly innovate and expand their service offerings to gain a competitive edge. They invest heavily in research and development to enhance their platforms and introduce new features and functionalities that meet the evolving needs of customers. Leading Cloud Logistic Market players focus on strategic partnerships and collaborations to strengthen their market position and expand their reach. Additionally, mergers and acquisitions are common in the Cloud Logistic Market industry as companies seek to consolidate their market share and gain access to new technologies and capabilities. The competitive landscape is expected to remain dynamic, with new entrants and disruptive technologies constantly emerging.One leading company in the Cloud Logistic Market, Amazon Web Services (AWS), has established a strong competitive position through its comprehensive suite of cloud-based logistics solutions.
AWS provides a range of services, including transportation management, warehouse management, and supply chain visibility, enabling businesses to optimize their logistics operations. The company's vast global infrastructure, extensive partner ecosystem, and focus on innovation have contributed to its leadership position. Another prominent player, Google Cloud, offers a suite of logistics solutions designed to help businesses improve efficiency, reduce costs, and gain insights into their supply chains. Google Cloud's strengths include its advanced analytics capabilities, machine learning algorithms, and integration with other Google products.A notable competitor in the Cloud Logistic Market, Oracle, provides a comprehensive cloud-based logistics platform that supports various aspects of supply chain management. Oracle's platform offers features such as inventory management, order management, and transportation planning, enabling businesses to streamline their logistics operations.
The company's focus on providing industry-specific solutions and its strong customer base gives it a competitive edge. Another key competitor, SAP, offers a comprehensive suite of cloud-based logistics solutions designed to meet the needs of businesses of all sizes. SAP's platform provides capabilities such as supply chain planning, warehouse management, and transportation management, helping businesses optimize their logistics operations and improve efficiency.
Key Companies in the Cloud Logistic Market Include
Cloud Logistic Market Industry Developments
The global cloud logistics market is projected to witness substantial growth over the forecast period, driven by the increasing adoption of cloud-based solutions in the logistics industry. In 2023, the market was valued at USD 13.52 billion and is expected to reach USD 172.52 billion by 2032, exhibiting a CAGR of 32.7%. This growth can be attributed to the rising need for efficient and cost-effective logistics solutions, coupled with the growing popularity of e-commerce and omnichannel retailing.Recent news and developments in the market include the launch of new cloud-based logistics platforms, partnerships between logistics providers and cloud service providers, and the adoption of artificial intelligence (AI) and machine learning (ML) technologies to enhance logistics operations. For instance, in 2023, Amazon Web Services (AWS) announced the launch of its Logistics Cloud platform, designed to provide end-to-end logistics solutions for businesses. Additionally, companies such as SAP and Oracle have been investing in developing cloud-based logistics solutions to cater to the growing demand for these services.
Cloud Logistic Market Segmentation Insights
| Report Attribute/Metric |
Details |
| Market Size 2022 |
10.19(USD Billion) |
| Market Size 2023 |
13.52(USD Billion) |
| Market Size 2032 |
172.52(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
32.7% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
SAP SE, Oracle, Kuehne + Nagel, United Parcel Service, JDA Software, C.H. Robinson Worldwide, DB Schenker, Redwood Logistics, Infor, Expeditors International of Washington, DHL, FedEx, Blue Yonder, Manhattan Associates |
| Segments Covered |
Deployment Model, Service Type, Industry Vertical, Company Size, Regional |
| Key Market Opportunities |
Warehouse Management LastMile Delivery Cold Chain Logistics Ecommerce Integration Supply Chain Visibility |
| Key Market Dynamics |
Increasing adoption technological advancements ecommerce growth rising demand for supply chain visibility and government regulations |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Cloud Logistic Market is expected to reach a valuation of USD 13.52 billion in 2023.
The Cloud Logistic Market is projected to reach a valuation of USD 172.52 billion by 2032.
The Cloud Logistic Market is expected to grow at a CAGR of 32.7% from 2023 to 2032.
North America is expected to hold the largest market share in the Cloud Logistic Market, followed by Europe and Asia-Pacific.
Key applications of Cloud Logistic solutions include inventory management, transportation management, warehouse management, and supply chain analytics.
Major competitors in the Cloud Logistic Market include SAP SE, Oracle Corporation, IBM Corporation, and Microsoft Corporation.
Major drivers of growth in the Cloud Logistic Market include increasing adoption of cloud computing, rising demand for supply chain efficiency, and growing need for real-time visibility and control.
Key challenges faced by the Cloud Logistic Market include security concerns, data privacy issues, and lack of skilled professionals.
Key trends shaping the Cloud Logistic Market include the adoption of artificial intelligence, the use of blockchain technology, and the growth of e-commerce.
Expected opportunities for growth in the Cloud Logistic Market include the expansion of cloud-based services, the growing adoption of IoT devices, and the increasing demand for personalized logistics solutions.
