Cloud Logistics Market Size Worth $59.85 Billion By 2032 | CAGR: 13.0%

The global cloud logistics market size is expected to reach USD 59.85 billion by 2032, according to a new study by Polaris Market Research. The report “Cloud Logistics Market Share, Size, Trends, Industry Analysis Report, By Type, By OS Type, By Enterprise Size (Large Enterprises, SMEs), By Industry Vertical, By Region, And Segment Forecasts, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Cloud logistics platforms offer a range of features that enhance and streamline logistics and supply chain management processes. By leveraging cloud-based logistics solutions, companies can reduce costs associated with maintaining and managing IT infrastructure. This cost savings enables businesses to expand their operations as needed, optimizing resource utilization and reducing operational expenses. Furthermore, the cloud's on-demand scalability ensures that logistics firms can adjust their capacities to match evolving workloads and seasonal demands, enhancing overall efficiency and mitigating the risk of resource over-provisioning.

Cloud computing is becoming a vital cost-saving strategy for supply chain professionals, enabling them to quickly and efficiently adopt new solutions through a Software-as-a-Service (SaaS) model and implement them on a large scale. As Industry 4.0 continues to evolve, many suppliers are embracing digital technologies to enhance, automate, and modernize their operations. The integration of cloud technology is gaining popularity due to its numerous benefits, including scalability to accommodate growing needs, robust security measures, cost-effectiveness, greater control over data and processes, and the agility to deploy solutions rapidly. This shift toward cloud-based solutions allows supply chain executives to stay competitive and agile in an increasingly digital and data-driven environment.

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According to a Stormforge survey conducted in April 2021, a significant portion of North American respondents, 18%, reported monthly cloud spending within the range of USD 100,000 to USD 250,000. Additionally, 44% of the respondents expected a minor increase in their cloud expenses over the next year, while 32% anticipated a substantial rise in cloud spending during the same period. The United States benefits from a well-connected transportation infrastructure, providing customers with a wide range of transportation options.

Logistics companies in the U.S. offer comprehensive services encompassing supply chain management software, packaging, material handling, storage, freight forwarding, management of returned products, and brokerage services. These holistic solutions address various aspects of the supply chain, allowing businesses to streamline their operations and enhance the efficiency of their logistics processes. This adaptability and connectivity within the logistics industry contribute to the optimization of supply chain management, ultimately benefiting businesses and consumers alike.

Cloud Logistics Market Report Highlights

• The public cloud segment led the market, as it offers higher reliability, unlimited scalability, & and lower expense costs
• Web-based segment will grow rapidly, owing to its real-time tracking, higher usage rate, & efficient reporting capabilities
• The healthcare segment will grow rapidly to lower the cost of logistics incurred in the pharmaceutical domain
• Key players include Bwise, IBM Corporation, Microsoft, Oracle Corporation, SAP, Trimble Transportation, Transplace, Descartes Systems, & MetricStream

Polaris Market Research has segmented the cloud logistics market report based on type, OS type, enterprise size, Industry Vertical, and region:

Cloud Logistics, Type Outlook (Revenue - USD Billion, 2023 - 2032)

• Public
• Private
• Hybrid
• Multi

Cloud Logistics, OS Type Outlook (Revenue - USD Billion, 2023 - 2032)

• Native
• Web-based

Cloud Logistics, Enterprise Size Outlook (Revenue - USD Billion, 2023 - 2032)

• Large Enterprise
• Small and Medium Enterprises

Cloud Logistics, Industry Vertical Outlook (Revenue - USD Billion, 2023 - 2032)

• Retail
• Consumer Electronics
• Healthcare
• Automotive
• Food & Beverage
• Others

Cloud Logistics, Regional Outlook (Revenue - USD Billion, 2023 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Cloud Logistics Market Report Scope