The Cloud Logistics Market size is estimated at USD 23.14 billion in 2024, and is expected to reach USD 45.48 billion by 2029, growing at a CAGR of 14.47% during the forecast period (2024-2029).
The Cloud Logistics Market is set to witness a moderately fragmented competitive landscape, primarily due to the rise of numerous small and medium-sized solution providers. These providers are actively partnering with companies from various sectors to drive the adoption of their cloud-based logistics solutions. Additionally, key industry players, such as IBM Corporation, SAP SE, Zoho Corporation, Magaya Corporation, and Oracle Corporation, are enhancing the capabilities of their solutions to stay competitive.
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