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UAE Logistics Market Gears Up for Takeoff: $52.6 Billion Boom by 2027 Fueled by Trade & E-commerce: Ken Research

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GURUGRAM, India, Feb. 14, 2024 /PRNewswire/ — Buckle up, logistics enthusiasts! The United Arab Emirates’ logistics market is soaring to new heights, fueled by a booming economy, strategic location, and the ever-expanding e-commerce sector. Ken Research’s “UAE Logistics Market Outlook to 2027″ report predicts a remarkable 7.8% CAGR, translating to a staggering $52.6 billion market size by 2027. This press release unlocks the key drivers, challenges, and exciting prospects waiting to be explored in this dynamic realm. 

 

Market Overview: Connecting the World, Powering Progress 

Beyond physical movement of goods, the UAE’s logistics market is playing a pivotal role in regional and global trade, supporting economic growth and diversification. In 2022, the market reached a size of $34.2 billion, and it’s poised for exponential growth, driven by: 

Strategic Location: The UAE, situated at the crossroads of East and West, offers unparalleled connectivity to key markets in Asia, Africa, and Europe. Diversified Economy: The shift towards non-oil sectors like tourism, manufacturing, and technology is stimulating logistics demand across various industries. E-commerce Surge: The UAE’s booming e-commerce market, with one of the highest adoption rates globally, requires efficient and reliable last-mile delivery solutions. Government Initiatives: Vision 2021 and Dubai Logistics Master Plan 2040 emphasize infrastructure development and technological advancements, fostering a supportive environment for the sector. 

Interested to Know More about this Report, Request a Free Sample Report

Market Segmentation: A Diverse Landscape of Services 

The report delves into the diverse segments of the UAE’s logistics market, offering a comprehensive view: 

Transportation: Road transportation dominates (60%), followed by airfreight (25%) and maritime transport (15%). Multimodal solutions are gaining traction. Logistics Services: Third-party logistics (3PL) providers hold the largest share (65%), followed by warehousing and storage (20%) and freight forwarding (15%). End-User Industry: Retail & e-commerce leads the demand (30%), followed by construction & building materials (25%) and oil & gas (20%). Healthcare and manufacturing are emerging segments. 

Competitive Landscape: Global Giants & Local Champions 

The market features a blend of established global players, regional leaders, and innovative startups: 

Global Titans: DP World, DHL, and FedEx hold significant market share with their extensive networks and global expertise. Regional Powerhouses: Aramex and Agility Logistics excel in the Middle East and North Africa region, offering customized solutions. Emerging Innovators: Local startups like Fetchr and TrukTruk are leveraging technology and focusing on niche segments like express delivery and on-demand trucking. 

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Challenges: Navigating the Roadblocks to Growth 

Despite the promising outlook, some challenges need to be addressed: 

Infrastructure Gaps: While significant infrastructure investments are underway, bottlenecks in warehousing capacity and last-mile connectivity persist. Skilled Workforce Shortage: Attracting and retaining qualified personnel across the logistics value chain remains a challenge. Competition & Price Pressure: Intense competition can lead to price wars, impacting profitability, especially for smaller players. Technological Disruption: Rapidly evolving technologies like automation and artificial intelligence require continuous adaptation and investment. 

Future Outlook: A Brighter Tomorrow Fueled by Innovation 

The UAE’s logistics market is poised for continued growth, driven by several exciting factors: 

Technological Advancements: Adoption of AI, blockchain, and automation will enhance efficiency, transparency, and customer experience. Focus on Sustainability: Green logistics initiatives and eco-friendly solutions will gain traction, attracting environmentally conscious clients. Regional Integration: Growing partnerships and trade agreements within the GCC and wider region will create new opportunities. Government Support: Continued investments in infrastructure and policies promoting innovation will solidify the UAE’s position as a global logistics hub. 

Key Takeaways for Stakeholders: 

This report offers valuable insights for various stakeholders in the UAE’s logistics market, including: 

Logistics Companies: Identifying high-growth segments, adopting innovative technologies, offering value-added services, and focusing on sustainability practices. Investors: Understanding market trends, assessing investment opportunities in promising segments like e-commerce logistics and technology startups. Policymakers: Formulating policies that address infrastructure gaps, promote skilled workforce development, and foster a competitive yet sustainable market environment. Clients & Consumers: Gaining insights into the diverse range of logistics services available, choosing the right providers based on their needs, and benefiting from improved efficiency and affordability.

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Taxonomy

UAE Logistics Market Segmentation

By Service Mix

Freight Forwarding

Warehousing

Courier, Express Parcel Market

Value Added Services

UAE Freight Forwarding Market Segmentation

By Mode of Transport

Sea

Road

Air

Rail

By type of Freight End Users

Retail

Automobile

Pharma

Others

UAE Warehouse Market Segmentation

By Business Model

Industrial/Retail Warehouses

CFS/ICD Warehouses

Cold Storage

Agriculture and Other Warehouses

By End-Users

Retail including Garments, Cosmetics

Automotive & Engineering

E- Commerce

Pharma/ Healthcare

Others

UAE CEP Market Segmentation

By Domestic/ International Shipments

Domestic Shipment

International Shipment

By End-Users

E-Commerce

Retail

Others

For More Insights On Market Intelligence, Refer To The Link Below: –

UAE Logistics Market

Related Reports by Ken Research: –

Vietnam Logistics Market Outlook to 2027 Driven by Infrastructural and Government Investments Coupled with the Growth of E-Commerce Sector in Vietnam

Market Size of Vietnam Logistics is expected to show increasing trend from 2022 to 2027. This is owing to rising economy, adoption of e-commerce, China plus one strategy and initiatives by the government. Also, development of roads across Vietnam for better connectivity under Vision 2030 is expected to add to the efficiency of logistic related operations.

Indonesia Logistics Market Outlook to 2027 driven by high growth in E-Commerce, government policies attracting foreign investors & promising manufacturing sector.

According to Ken Research estimates, the Market Size of Indonesia Logistics has shown increasing trend from 2017 to 2021. However, drop was observed in 2020. This is owing to fear and social distance among service providers during pandemic. Market Size of Logistics market is expected to show a decent growth trajectory from 2022 to 2027 at CAGR of 10%. This is mainly due to rapid infrastructural development which has led to services being able to reach previously un-accessible regions.

KSA Logistics Market Outlook to 2026 driven by infrastructural enhancement, administration & regulatory reforms, privatization of logistics sector

According to Ken Research estimates, the Market Size of KSA Logistics has shown increasing trend from 2017 to 2021. However, drop was observed in 2020. This is owing to fear and social distance among service providers during pandemic. Market Size of Logistics market is expected to show a decent growth trajectory from 2022 to 2026 at CAGR of 5.7%. This is mainly due to rapid infrastructural development which has led to services being able to reach previously un-accessible regions.

Singapore Logistics Industry Outlook to 2028 Driven by Driven by growing investment in transport infrastructure and transformation towards digital economy

According to Ken Research estimates, the Market Size of Singapore Logistics has shown increasing trend from 2019 to 2022. The Singapore logistics sector supports the second-largest economy on the continent, and is relatively sophisticated. Local and international companies use Singapore as gateway for their operations into Africa. The logistics operators are making significant investments in automation and digitalization in order to address security concerns, improve loss prevention as well as efficiency.

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Contact Us:-
Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
Ankur@kenresearch.com
+91-9015378249

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SOURCE Ken Research

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Experts from SPS North America to share Best Practices at BFSI Conference Expo

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Business Process Outsourcing experts from SPS, a leading provider of Technology Business Solutions, will share best practices related to business transformation and process automation at the Digital Transformation in BFSI Conference Expo in New York on September 26, 2024

NEW YORK, Sept. 20, 2024 /PRNewswire-PRWeb/ — Business Process Outsourcing experts from SPS will be on hand to share best practices at the Digital Transformation in BFSI Conference Expo in New York on September 26, 2024. SPS is a leading innovative outsourcing provider of Technology Business Solutions that help companies automate workflows, streamline processes, and elevate the customer experience.

Through our Lean Six-Sigma methodologies, SPS helps our banking, financial services and insurance clients analyze workflows and build solutions that leverage automation to reduce cycle time, improve quality, and enhance compliance measures.

The Digital Transformation in BFSI Conference Expo is a focused event that unites professionals, experts, and stakeholders from the banking, financial services, and insurance sectors. Its purpose is to discuss, demonstrate, and examine digital innovations and their impact. The event offers a valuable platform for knowledge exchange, networking, and collaboration between industry leaders and technology providers.

SPS is a technology-driven partner, specializing in transforming back-office operations and enhancing client-focused services for leading organizations with 45% of its current clients in the BFSI sectors. The organization offers tailored Technology Business Solutions, focusing on Data & Business Process Management and providing custom solutions for the Health and BFSI sectors to address their specific challenges.

“At SPS, we understand that digital transformation is a never-ending process,” stated Pamela Tom, Vice President, Solution Design, SPS North America. “Through our Lean Six-Sigma methodologies, we help our banking, financial services and insurance clients analyze workflows and build solutions that leverage automation to reduce cycle time, improve quality, and enhance compliance measures. We look forward to connecting and sharing best practices with attendees of the BFSI Conference.”

With a global network of delivery centers, SPS stands out as a trusted outsourcing partner, offering flexible processing options for onshore, nearshore, and offshore delivery. The team of SPS experts utilize industry best practices and cutting-edge automation technologies to elevate business processes all within a certified high-security environment that safeguards sensitive data.

Explore how SPS can drive growth by implementing innovative, tech-enabled solutions at http://www.spsglobal.com.

About SPS
SPS is a leading technology-driven business transformation company. Our Technology Business Solutions bring together cutting-edge technology, deep vertical process expertise, and a diverse global workforce to support clients in their digital transformation journey and efficiently tackle their most complex challenges. With our innovative Enterprise Workplace Solutions, we empower organizations to adopt hybrid work programs to enhance productivity and flexibility.

Headquartered in Zurich, Switzerland, SPS operates in more than 20 countries and focuses on clients in banking, insurance and health. SPS has more than 8,500 employees and is recognized with a world-class NPS by its global client base.

We act with precision, connect people to the right information, and turn data into insights for better outcomes.

Discover how our dedicated team at SPS makes an impact that matters by visiting http://www.spsglobal.com.
SPS. The Power of Possibility.

Media Contact

Janet Tarzia, SPS North America, 1-212-204-0900, janet.tarzia@spsglobal.com, https://www.spsglobal.com

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SOURCE SPS North America

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INGEEK Recognized in 2024 Gartner Market Guide for Fleet Telematics and 2024 China Hype Cycle for Security

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SHANGHAI, Sept. 20, 2024 /PRNewswire/ — INGEEK, a leading provider of innovative intelligent connected vehicle (ICV) technologies, and its Intelligent Connected System (ICS) and Automotive Digital Key have been featured in Gartner’s Market Guide for Fleet Telematics. This recognition highlights INGEEK’s capability to boost efficiency, ensure safety, and enable sustainability in fleet operations and management.

Revolutionizing Fleet Management with INGEEK ICS/Digital Key
INGEEK’s digital key solution establishes connection between the people and vehicle by digitalizing conventional car key into digital twin, which seamlessly integrates with the broader mobility ecosystem and diverse business scenarios.

Business Process Automation with online key sharing, such as contactless pick-up and return.Digital Key Management simplifies key management, reduces administrative overhead, and mitigates the risk of lost or stolen keys.Data Tracking provides insights to fleet performance and health.Enhanced Driver Satisfaction: Convenient features such as proximity lock/unlock provide a seamless driving experience.

Securing Connected Vehicles with INGEEK’s Trust Center for Automotive
Previously, AUGUST 6, INGEEK’s Trust Center was featured in Gartner’s Hype Cycle for Security’s IoT Authentication technology segment. With IoT connections in China projected to reach 8 billion by 2025, robust IoT authentication is critical to protect connected car business-use cases such as V2X communications, OTA, and Digital Key. The Trust Center leverages PKI to ensure top-tier security.

Remarks from Leadership
“We’re proud to be recognized by Gartner, which is the global authority in providing industry technology advisory and insights to executives,” stated Steven Shan, CEO of INGEEK. “Our intelligent vehicle solutions prompt the next wave of smart mobility transformations, and this inclusion is a signal to how OEMs and automotive players are leveraging advanced digitalization technologies to connect the people and vehicle together.”

“Our Trust Center offers robust and scalable authentication mechanisms to safeguard connected vehicles against security threats,” added Feng Li, INGEEK’s Head of Cybersecurity BU.

“Gartner’s Market Guide coincides with our vision for a more connected, secure, and efficient mobility market,” continued William Yuan, Director of Strategy at INGEEK. “Our solutions are not just about technological advancements; they are strategic initiatives aimed at optimizing operations, reducing costs, and ultimately helping fleet operators to expand their mobility business offerings.”

For more information about INGEEK and its solutions, please visit www.ingeek.com
Media Contact: Ms. Fang at jingneng.fang@ingeek.com
Germany Contact: Professor Sachs at hans-ulrich.sachs@hus-online.com
AP/EMEA Contact: Mr. Yuan at guohao.yuan@ingeek.com

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Niutech at the Forefront: U.S.-China Circular Economy Forum Tackles “White Pollution”

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BEIJING, Sept. 20, 2024 /PRNewswire/ — On September 6, 2024, the inaugural U.S.-China Circular Economy Cooperation Forum was held in Beijing. The forum, guided by the U.S.-China Climate Action Working Group Circular Economy Task Force, was co-organized by the China Circular Economy Association and the US-China Business Council. The forum brought together approximately 460 distinguished guests from the National Development and Reform Commission of China, the U.S. Department of State, the U.S. Department of Energy, and other government departments, as well as industry experts, business representatives and scientific research institutions of the two countries. As the domestic leader in continuous pyrolysis technology, Niutech was invited to attend the forum and gave an insightful speech on the topic of waste plastic recycling, and the issues of ‘white pollution’ that can result from it.

The forum was strategically designed to advance the goals outlined in the U.S.-China “The Sunnylands Statement on Enhancing Cooperation to Address the Climate Crisis”. It aimed to create a collaborative platform for both countries’ business community, social organizations, and research institutions to foster exchanges and drive tangible cooperation in the circular economy. 

Zhao Chenxin, Deputy Director of the National Development and Reform Commission, John Podesta, Senior Advisor to the U.S. President on International Climate Policy, Liu Zhenmin, China’s Special Envoy for Climate Change Affairs, and Nicholas Burns, U.S. Ambassador to China attended the opening ceremony of the Forum and delivered a speech, and Xie Feng, Chinese Ambassador to the U.S., made a video message. Deputy Director Zhao Chenxin said that addressing climate change is a common cause for all mankind and cannot be separated from the cooperation between the two global forces, China and the United States.

At the forum, as the international expert in continuous pyrolysis technology, the corporate representative of Niutech shared the cases of waste plastic chemical recycling projects deployed with international giants BASF and Quantafuel in Denmark, Thailand and other countries. This technology enables the transformation of low-value, mixed, and contaminated waste plastics into high-quality fuel oil. 

The fuel oil derived from this process can undergo further refining into naphtha, a critical raw material in the production of new plastics. This advanced recycling process not only diverts plastics from landfills and the environment but also contributes to a circular economy by turning waste into a valuable resource.

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