target audience: TECH SUPPLIER Publication date: Sep 2024 - Document type: Market Share - Doc Document number: # AP51519424
C2G: Asia/Pacific Logistics and Transportation Management Applications Market Shares, 2023: Growth Resumed
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Abstract
This IDC Market Share report provides insights into the market shares of logistics and transportation management applications in the Asia/Pacific region. Driven by ecommerce demands, and supply chain efficiency needs, the market grew 4.5% in 2023, supported by increased public cloud investments. Despite uncertainties, Asia/Pacific organizations remained resilient, leveraging technology for growth and innovation. These companies not only strengthened their domestic presence but also expanded globally, showcasing their competitiveness in advanced logistics and transportation management solutions. Proactive government initiatives in modernizing the logistics infrastructure will further boost the market.
"Robust economic expansion and increased retail and manufacturing activities have led to a significant surge in demand for sophisticated solutions. These solutions aim to enhance visibility, precision, and competitiveness. Companies are strategically realigning themselves to boost supply chain resilience and agility, proactively addressing disruptions and swiftly adapting to market shifts. The Asia/Pacific logistics and transportation management applications market has demonstrated resilience and adaptability. Ongoing investments in infrastructure and digital solutions are key drivers for its future growth," says Rani Ratna, senior research manager, IDC Manufacturing Insights.