Cloud Logistics Market Regional Analysis:
North America Market Insights
North America industry is predicted to dominate majority revenue share of 40% by 2035. The region possesses a well-developed infrastructure for cloud computing, extensive utilization of cutting-edge technology, and a significant emphasis on innovation. In addition, businesses in North America highly emphasize optimizing and improving the efficiency of their supply chains. This has led to an increased demand for logistics solutions that are based on cloud technology.
The U.S. dominance in the cloud logistics market is enhanced by prominent cloud service providers and tech giants, which attract investments and promote ongoing expansion. Furthermore, in February 2024, C.H. Robinson, a global logistics company, developed an innovative technology that significantly enhances the efficiency of freight transport or shipping. This technology eliminates the need for manually arranging appointments at the pickup and delivery locations of a load.
The extensive adoption of cloud logistics in Canada has been significantly shaped by the well-established e-commerce industry. Major industry participants, including Blockhead, BlueRover, Mavennet, Optel, and others, are embracing technology improvements in the cloud logistics market.
APAC Insights
Asia Pacific is expected to account for 25% of the global cloud logistics market share by 2035 owing to factors such as rapid industrialization, increased e-commerce operations, and increasing acceptance of digital technologies.
India’s extensive population and heterogeneous economy present potential for cloud logistics providers to cater to diverse supply chain requirements. In 2023, ITLN reports that 44% of Indian enterprises intend to implement cloud-based logistics service delivery asset tracking systems during the next three years. Cloud platforms facilitate the integration of various solutions into existing ecosystems and provide the capacity to scale and adapt easily. In addition, certain firms are now opting for on-premise systems for asset tracking.
China’s cloud logistics market is expected to experience heightened rivalry and consolidation as companies aim to provide more advanced and customized solutions to fulfill the constantly changing requirements of contemporary supply chain management. Notable transportation companies in China include Sinotrans, Toll Group, DB Schenker, DHL, SF Express, Deppon Logistics, JD Logistics, CN Logistics, Yusen Logistics, and others propelling the rise in the market.
In Japan, the increasing need for businesses to improve efficiency, scalability, and visibility in their logistics operations is likely to drive the demand for cloud-based solutions, leading to market expansion in the area. Yamato Holdings, Sagawa, Japan Post, and Amazon Japan are a few key players that accelerate the cloud logistics market expansion.
