Cloud Logistics Market Size, Share & Trends Analysis Report By Type, By OS Type, By Enterprise Size (Large Enterprises, SMEs), By Industry Vertical (Retail, Consumer Electronics, Healthcare, Automotive), By Region, And Segment Forecasts, 2023 - 2030

Cloud Logistics Market Size, Share & Trends Analysis Report By Type, By OS Type, By Enterprise Size (Large Enterprises, SMEs), By Industry Vertical (Retail, Consumer Electronics, Healthcare, Automotive), By Region, And Segment Forecasts, 2023 - 2030

Cloud Logistics Market Growth & Trends

The global cloud logistics market size is expected to reach USD 46.31 billion by 2030, growing at a CAGR of 13.3% during the forecast period, according to a new report by Grand View Research, Inc. Cloud logistics is the management and optimization of different areas of supply chain and logistics operations using cloud computing technology. Deploying logistics software and apps on cloud infrastructure enables businesses to access, store, and process data and applications online instead of relying on local servers and physical hardware.

Cloud logistics platforms provide various functions that streamline and improve logistics and supply chain management. Cloud-based logistics solutions save money by eliminating the need for costly IT infrastructure and maintenance. Businesses may expand their operations in response to demand, maximizing resources and decreasing operating costs. In addition, the cloud allows for on-demand scalability, allowing logistics companies to modify their capacities in response to changing workloads and seasonal needs. This flexibility boosts overall efficiency while lowering the danger of over-provisioning resources.

Cloud computing is increasingly viewed as a key cost-cutting option, providing a path for supply chain executives to swiftly and effectively acquire new solutions offered via a SaaS model and deploy them at scale. As Industry 4.0 emerges, various suppliers are adopting digital technology to optimize, automate, and modernize the whole process. Integrating the cloud is becoming increasingly popular since it offers several advantages such as scalability, security, affordability, control, and speed.

According to a Stormforgein survey issued in April 2021, 18% of North American respondents claim a monthly cloud spending of USD 100,000 and USD 250,000. Furthermore, 44% of respondents anticipate a small rise in cloud expenditure over the next 12 months, while another 32% anticipate a considerable increase in cloud spending over the next 12 months. Customers in the U.S. benefit from the variety of transportation options available in their increasingly connected surroundings. Logistics companies offer various services, including supply chain management software, packaging, material handling, storage, forwarding, returned products management, and brokerage. These comprehensive solutions cater to various aspects of the supply chain, enabling businesses to streamline operations and optimize their logistics processes effectively.

Key players are adopting various strategies such as new product launches to expand their market foothold. For instance, in September 2021, Infor, an industrial cloud provider, launched Infor Hospitality Management Solution (HMS), the newest edition of the completely cloud-enabled hotel management software in the Infor Hospitality family of products. This upgrade emphasizes new options for optimizing and delivering customized services. Infor HMS is real-time cloud-based technology that keeps up with modern clients' busy schedules and allows hotels to build a seamless and frictionless experience.

Cloud Logistics Market Report Highlights

• The public cloud segment dominated the overall market with a share of 29.9% in 2022. A public-based cloud offers various benefits, including lower cost, high reliability, and near-unlimited scalability. Such benefits associated with public clouds are anticipated to propel the growth of the segment over the forecast period
• The web-based segment dominated the overall market with a share of 47.0% in 2022. Web-based logistics software frequently offers real-time tracking and reporting capabilities, allowing for more effective decision-making and overall logistics efficiency
• The large enterprises segment is anticipated to grow at a CAGR of over 13.7% from 2023 to 2030. Cloud-based solutions can rapidly and efficiently adapt to changing requirements, whether handling increasing demand during peak seasons or expanding into new areas
• The healthcare segment is anticipated to witness a strong CAGR of nearly 14.1% over the forecast period. Cloud logistics helps healthcare organizations optimize costs by streamlining logistics processes, reducing manual work, and minimizing the need for on-premises IT infrastructure. This cost-saving approach allows medical facilities to allocate resources more efficiently
• North America dominated the industry with over 26.7% of the global revenue share in 2022. The presence of major cloud logistics providers in the region is driving regional growth

Please note The report will be delivered in 2-3 business days upon order notification.