Logistics Automation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Logistics Automation Market is expected to register a CAGR of 12.5% during the forecast period (2022 - 2027). The emergence of the Industrial Internet of Things (IIoT) and the advent of a network of connected systems are helping industries perform a multitude of tasks, such as material batching, picking, ordering, packaging, warehouse security, and inspection. The factor helps improve operational efficiency by huge margins, which, in turn, drives the market.
Key HighlightsThe Logistics Automation Market is moderately competitive, with a considerable number of regional and global players. Players in the market adopt strategies such as product innovation, partnerships, mergers, and acquisitions to increase their market share.
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