Global Logistics Visualization System Market: Introduction
Logistics visualization systems offer visibility into global logistics operations on a real-time basis. This helps the end-user to control inventory, manage operations more efficiently, and optimize supply chains. EDI, RFID, GPS, image recognition, etc. are the major data collection technologies within the logistics visualization system.
Global Logistics Visualization System Market – Dynamics
Rising Integration of Advance Technologies in Logistics Industry
Across the globe, adoption of IoT and Big Data within the logistics industry is increasing at an exponential rate. The major reason for adoption of advance technology within the logistics industry is operational efficiency as well as tracking on real-time basis. This has helped logistics operators to improve their operations as well as reduce the overall cost of shipping with safety. IoT in logistics is expected to bring about interconnectivity of devices, sensors, and systems that increases the volume, velocity, and variety of data. On the other hand, Big Data provides the ability to make sense of historical information and predict potential scenarios and outcomes.
Threat of Cyber-attacks
Advancements and integration of technologies within the logistics industry have resulted in high threat of security breach and cyber-attacks. This may lead to breach of personal information of customers such as names, IDs, and phone numbers. Developers are adopting measures to tackle the issue of cyber-attacks. However, risks related to data breach by hackers are still substantial, which could lead to loss of millions of dollars. Data breach could lead to serious security concerns in any event or at a public area.
North America to Dominate the Global Logistics Visualization System Market
In terms of region, the global logistics visualization system market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the logistics visualization system market during the forecast period due to strong adoption of NextGen technologies in the logistics industry across regions.
COVID-19 Impact on the Global Logistics Visualization System Market
The COVID-19 pandemic is expected to impact the global logistics visualization system market. Nationwide lockdowns and hold on transportation and logistics across many countries has impacted the revenue as well as the investment of logistics companies. The crunch in revenue realization has impacted technology investment within the logistics industry across the globe.
Global Logistics Visualization System Market – Competition Landscape
- In October 2020, Alibaba.com and ZIM entered into a strategic cooperation agreement for the direct purchase of sea freight, improving logistics services to Alibaba.com sellers. Within the agreement, sea freight and services will be provided by ZIM through direct interface with Alibaba.com’s logistics platform.
Global Logistics Visualization System Market: Segmentation
The global logistics visualization system market can be segmented based on:
- Access Type
- Enterprise Size
Global Logistics Visualization System Market, by Component
Based on component, the global logistics visualization system market can be divided into:
Global Logistics Visualization System Market, by Access Type
In terms of access type, the global logistics visualization system market can be segregated into:
Global Logistics Visualization System Market, by Enterprise Size
In terms of enterprise size, the global logistics visualization system market can be segregated into:
- Small & Medium Enterprise
- Large Enterprise
Regional analysis of the global logistics visualization system market includes:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
- Logistics Services
- Digital Freight
- Cloud-based Logistics
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.