Logistics is a vital component of supply chain management for firms all over the world. As a result, logistics providers are implementing logistics visualisation systems in order to gain visibility into global logistics operations. Using a logistics visualisation system, one may better control inventory, optimise supply chains, and manage operations.
Logistics visualisation systems play a significant part in the logistics operation process, helping to increase delivery quality and customer happiness.
A logistics visualisation system aids in the operation of a consistent management process, from order acceptance to product delivery and convenience of use. The growing need for logistics visualisation systems to boost operational efficiency and minimise costs is propelling the logistics visualisation system market forward.
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Impact of COVID-19 Pandemic Outbreak
The worldwide spread of COVID-19 pandemic in Q1, 2020 has impacted the logistics industry and has also disrupted the logistics and supply chain during the lockdowns.
Historically, the market for logistics systems has grown by almost 5% globally in the past 1-3 years. But due to the COVID-19 outbreak, logistics systems market is projected to decline by nearly 1%-2% in 2020, as manufacturing facilities around the world suffer shutdown and sudden low demand for commodities and raw materials.
However, according to estimates, if the COVID-19 pandemic situation gets controlled during Q3-Q4, 2020, the market for logistics visualization system would recover soon and is estimated return to growth by Q2, 2021. For this to happen, the governments and logistics associations are working hard to think radically, to adapt themselves to the real economic impact of COVID-19 on the entire logistics systems value-chain.
Logistics Visualization System Market: Drivers and Challenges
The major factor which is driving the logistics visualization system market is the increasing demand for efficient logistics solution throughout the world. Also, the growth of the logistics visualization system market is boosting due to the rise in the number of global trade activities in the developing economies.
The increasing demand for trade-related agreements as well as global logistics infrastructure advancement in information technology creating potential growth opportunities for logistics visualization system market.
The demand for logistics visualization systems is increasing due to managed data visualization support for complex logistics operations. In addition to this, the increasing applications of logistics across various verticals have also proliferated the growth of the global logistics visualization system market.
The adoption of the logistics visualization system to visualizing transportation routes for data analysis in logistics is mainly driving the logistics visualization system market. The Logistics Visualization System offers different features such as wide accessibility and search capabilities and convenient database searching for a service provider. Such features creating potential growth opportunities for the logistics visualization system market, during the forecast period.
The logistics visualization system has high system maintenance costs, complex logistics operations, along with the requirement of a skilled workforce, such factors are challenging the adoption of logistics visualization system in the market.
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Logistics Visualization System Market: Competition Landscape
Some of the prominent players providing logistics visualization system are –
- NEC Corporation
- Peakboard GmbH
- Ramco Systems Limited
- DHL International GmbH VisualCue
- BellaDati, and among others.
Logistics Visualization System Market: Regional overview
By geography, the logistics visualization system market has been segmented into North America, Europe, Latin America, East Asia, South Asia & Pacific, and MEA Among these regions, North America, Europe and East Asia is expected to dominate the global logistics visualization system market due to growing logistics operation for pharmaceutical, chemical, food & beverage industries in the region, which in turn drive the demand for logistics visualization system market.
The logistics visualization system market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The logistics visualization system market report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on
- Logistics Visualization System Market Segments
- Logistics Visualization System Market Dynamics
- Logistics Visualization System Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Technology Landscape
- Value Chain of the Market
- Logistics Visualization System Market Drivers and Restraints
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of LATAM)
- Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia)
- East Asia (China, South Korea, Japan)
- South Asia & Pacific (India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, Turkey, South Africa)
Logistics Visualization System Market: Segmentation
The logistics visualization system market has been segmented on the basis of product type, enterprise size, verticals and region.
The logistics visualization system market is segmented on the basis of product type:
- Cloud Based
- Web Based
The logistics visualization system market is segmented on the basis of enterprise size:
- Large Enterprises
- SMEs
The logistics visualization system market is segmented on the basis of verticals:
- Healthcare
- Chemicals
- Automotive
- Mining
- Retail
- Others
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