Technology
Urban Logistics Market to Reach $77.9 Billion, Globally, by 2033 at 12% CAGR: Allied Market Research
Published
4 months agoon
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The global urban logistics market is growing due to rise in urbanization, E-commerce growth, technology advancement, government regulation, sustainability initiatives, infrastructure development, and supply chain optimization.
WILMINGTON, Del., Sept. 6, 2024 /PRNewswire/ — Allied Market Research published a report, titled, ” Urban Logistics Market by Type (Express Logistics, LTL Logistics, Hazardous Chemical Logistics) , by Application (Electric Logistics Vehicle, Fuel Cell Logistic Vehicle) : Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the urban logistics market was valued at $25.7 billion in 2023, and is estimated to reach $77.9 billion by 2033, growing at a CAGR of 12% from 2024 to 2033.
Prime Determinants of Growth
The global trend of urbanization, with more people moving to cities, has resulted in higher population densities in urban areas. This increases the demand for goods and services that need efficient logistics solutions to manage the supply and distribution within these confined spaces. Furthermore, the integration of advanced technologies such as automation, artificial intelligence (AI), Internet of Things (IoT), and data analytics into logistics operations enhances efficiency, reduces costs, and improves delivery times. Innovations like real-time tracking, route optimization, and autonomous delivery vehicles are pivotal in transforming urban logistics.
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Report Coverage & Details:
Report Coverage
Details
Forecast Period
2024–2032
Base Year
2023
Market Size in 2023
$25.7 billion
Market Size in 2032
$77.9 billion
CAGR
12.0 %
No. of Pages in Report
456
Segments Covered
Type, Application and Region.
Drivers
Rise in Urbanization
E-commerce Growth
Technological Advancement
Opportunities
Integration of IoT
Restraint
Infrastructure Challenges
High Initial Costs
Procure Complete Report (456 Pages PDF with Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/checkout-final/urban-logistics-market-A324591
By Type
The express logistics segment is expected to grow faster throughout the forecast period.
The express logistics segment is anticipated to experience faster growth in the urban logistics market as modern consumers demand quick and efficient delivery services. Express logistics providers cater to this need by offering speedy and reliable delivery solutions, often featuring real-time tracking and flexible delivery windows, which significantly contribute to their market dominance. Moreover, express logistics is crucial for businesses that require time-sensitive deliveries, such as perishable goods, pharmaceuticals, and urgent documents. The ability to provide expedited shipping options makes express logistics indispensable for many industries.
By Application
The electric logistics vehicle segment is expected to grow faster throughout the forecast period.
The electric logistics vehicle segment is anticipated to experience growth in the urban logistics market, due to the fact that electric vehicles (EVs) are more technologically mature than fuel cell vehicles. EV technology has been developed and refined over many years, leading to widespread adoption, better infrastructure, and more competitive pricing. Furthermore, there is a more extensive and developed infrastructure for charging electric vehicles compared to hydrogen refueling stations for fuel cell vehicles. The proliferation of charging stations in urban areas makes it more feasible for logistics companies to deploy and operate electric logistics vehicles efficiently.
By Region
North America to maintain its dominance by 2033.
North America is expected to maintain its dominance in the urban logistics market by 2032 owing to North America, especially the U.S., experiencing a significant surge in e-commerce activity. The region is home to some of the largest e-commerce companies in the world, including Amazon, which has heavily invested in urban logistics infrastructure to meet the growing demand for fast and reliable delivery services. The region boasts well-developed transportation and logistics infrastructure, including an extensive network of highways, airports, and seaports. This advanced infrastructure supports efficient urban logistics operations, allowing for the quick and effective movement of goods within urban areas.
Players
AmazonAlibaba GroupDHLFedExJD.comMaerskSF ExpressUber FreightUPSXPO Logistics
The report provides a detailed analysis of these key players in the global urban logistics market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Recent Industry News
In January 2024, Global Village Shipping (GVS) partnered with BITS Pilani in the field of transportation and logistics. The objective of this partnership is to address key challenges and explore opportunities in the transportation and logistics sectors. This could involve studying emerging technologies, optimizing supply chain processes, or analyzing market trends to drive innovation and efficiency.In February 2023, Paloma, a well-established logistics company, made the strategic decision to sell its Amazon unit to a rapidly growing urban logistics platform. This move reflects Paloma’s focus on optimizing its business portfolio and aligning with emerging trends in the logistics industry. By divesting its Amazon unit, Paloma aims to streamline its operations and allocate resources more effectively to areas of growth and innovation. Meanwhile, the urban logistics platform, poised for expansion in the dynamic urban logistics market, sees the acquisition of Paloma’s Amazon unit as an opportunity to strengthen its presence and capabilities in last-mile delivery and e-commerce logistics.In May 2024, Patrizia has acquired a 10-property urban logistics portfolio in Sweden, which will serve as the foundational asset for a EUR 300 million platform aimed at the Nordic urban industrial and logistics market. This investment is part of a strategic joint venture partnership with Broadgate Asset Management, a leading Nordic real estate operating partner. The collaboration leverages Patrizia’s investment expertise and Broadgate’s local market knowledge to capitalize on the growing demand for urban logistics in the Nordic region.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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LG Electronics and Samsung Unveil Cutting Edge Shoppable TV Capabilities Powered by TheTake.AI at CES 2025
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18 minutes agoon
January 7, 2025By
LAS VEGAS, Jan. 7, 2025 /PRNewswire/ — TheTake, the leader in AI-powered shoppable TV technology, today announced groundbreaking partnerships with LG Electronics and Samsung Electronics at the 2025 Consumer Electronics Show (CES) in Las Vegas. These collaborations significantly expand TheTake’s reach and capabilities, further solidifying its position as the premier platform for interactive, shoppable television experiences.
Building on TheTake’s impressive multiplatform footprint of 32 million devices and exceptional user engagement achieved in 2024, these partnerships represent a major leap forward for the Shoppable TV space.
LG Electronics Integrates ‘Click to Search’ Functionality
LG Electronics showcased an innovative ‘Click to Search’ feature powered by TheTake’s cutting-edge real-time AI shopping technology. The functionality enables LG viewers to instantly search for and identify virtually any person or product on screen by simply clicking on them with their LG Magic Remote. Viewers can then shop all their favorite products through a seamless and secure purchase flow, completing transactions effortlessly with LG’s webOS Pay functionality.
“Our partnership with LG Electronics is a testament to the power of AI in transforming how viewers engage with content on television,” said Tyler Cooper, CEO of TheTake. “By integrating our real-time shopping technology with LG’s innovative Magic Remote, we’re making it easier than ever for viewers to bring the products they love into their lives.”
Samsung Electronics Introduces Revolutionary Shoppable TV Features
Samsung Electronics, in partnership with TheTake, unveiled a suite of groundbreaking shoppable TV experiences.
Trending TV Shopping – Viewers can browse and shop for trending products appearing in today’s top linear and streaming programming directly through their Samsung TVs.Enhanced Shopping via Daily+ and Daily Board Interfaces – Samsung’s unique interfaces allow for highly engaging experiences, providing brands with unparalleled opportunities to reach high intent audiences in a premium CTV environment.
“Our partnership with Samsung Electronics represents a huge step forward for TheTake,” said Tyler Cooper, CEO of TheTake. “By leveraging Samsung’s innovative interfaces, we’re able to deliver high intent, engaging shopping experiences to consumers and brands alike.”
Driving Innovation and Market Leadership
Together, LG and Samsung account for a combined 59% of the U.S. smart TV market share, positioning TheTake as the leader in the fast-evolving Shoppable TV space. These collaborations follow TheTake’s 2024 partnership announcements with global sports streaming giant DAZN and emerging smart TV OEM Telly.
About TheTake
TheTake’s AI-powered technology is redefining how consumers interact with television by transforming passive viewing into an engaging, shoppable experience. With these new partnerships, TheTake continues to innovate and lead the charge in making TV content actionable for viewers and brands.
For More Information
Contact: info@thetake.com
Visit: [www.thetake.ai](http://www.thetake.ai)
Press Contacts:
TheTake Public Relations Team
press@thetake.com
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Technology
Reolink Debuts 16MP Wi-Fi Camera & Continuous Recording Battery Cam Series at CES 2025
Published
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January 7, 2025By
LAS VEGAS, Jan. 7, 2025 /PRNewswire/ — Reolink, an innovative leader in intelligent visual technology for the home, today launches the Duo 3 WiFi at CES 2025. It is a 16MP UHD plug-in Wi-Fi camera with expansive 180° panoramic view, a new addition to Reolink’s groundbreaking 16MP series. Reolink also announces to release a new product line-up, the Altas Series – a range of battery-powered cameras designed for 24/7 continuous recording on a single charge. These new products underscore the company’s commitment to driving home security forward and enhancing daily life with user-centric innovation.
Reolink Duo 3 WiFi: 16MP Crystal-Clear Details and 180° Coverage
Struggling with blurry details, blind spots, or slow streaming? Reolink Duo 3 WiFi solves these issues perfectly. With its 16MP UHD clarity and dual 4K sensors, the Duo 3 WiFi stands out capturing the finest details and identifying objects within the surveillance area. Users can manually zoom in on the captured footage to discern intricate details like distant license plates. With the industry-leading image stitching algorithm technology, this dual-lens camera seamlessly merges two images into one with virtually minimal distortion and provides a seamless 180° ultra wide view, ensuring a complete coverage of home or business.
The Duo 3 WiFi also features the dual-band Wi-Fi 6 capability, supporting both 2.4GHz and 5GHz frequencies for faster and more stable live streaming. Besides, the Motion Track condenses 15 seconds of motion events into one single image, facilitating users to review recent events without spending hours of sifting through recordings.
With all these features, this camera is ideal for both home and outdoor surveillance, providing detailed and complete security for large yards, wide parking lots, extended driveways and more.
Starting today, the Duo 3 WiFi is available for purchase in North America and Europe, with MSRP at $179.99 and €189.99. Customers can buy it from the Reolink website and Amazon.
Altas Series: Round-the-Clock Protection
Last September, Reolink launched the Altas PT Ultra, an industry-leading 4K continuous recording battery camera with a 360° blindspot-free view. Since the product’s release, the company has continued striving for excellence, extending the recording time from 96-hours on a single charge to 24/7 – perfectly meeting users’ demand for around-the-clock protection.
Reolink today introduces the new Altas Series, the world’s first 24/7 continuous recording battery-powered camera lineup, including the bullet-style 2K Altas with WiFi connectivity, the 4G battery camera Altas Go PT with a 360° blindspot-free view, and a future upgraded version for Altas PT Ultra with 24/7 continuous recording capability. Whether in on-grid or off-grid environments, the Altas Series’ products meet the needs of users.
With battery capacity of 20,000 mAh, Altas series provides 24-hour continuous recording per day for up to 7 days, thanks to an innovative low power consumption solution. When paired with a solar panel, it ensures continuous recording around the clock without the need of manually recharging[1].
With a new generation of system-on-chip (SoC), these cameras can achieve pre-recording functionality, capturing 10 seconds of footage before an event is detected. Additionally, Reolink’s ColorX technology, which combines an ultra-large F1.0 aperture with a 1/1.8” sensor, ensures vibrant, full-color images both day and night, delivering four times more light than traditional infrared cameras.
To learn more about Reolink and its new products, please visit its booth at Venetian Expo, Hall A-D 52747 during CES 2025. For more information, please visit: https://reolink.com/visit-reolink-at-ces/.
About Reolink
Reolink offers smart security solutions for homes and businesses, aiming for a seamless security experience with its wide range of products. Serving millions globally, it provides video surveillance and protection, standing out for its commitment to security technology innovation.
[1] Solar panels come as standard for this series. 2 hours of daily sunlight for a 6W Solar Panel is required for continuous recording or pre-recording; while 1 hour of daily sunlight for a 12W Solar Panel is required for continuous recording and pre-recording.
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SOURCE Reolink Innovation Inc.
Technology
Output Management Software Market to Grow by USD 10.67 Billion (2025-2029), Driven by Healthcare Adoption and AI-Driven Market Transformation – Technavio
Published
18 minutes agoon
January 7, 2025By
NEW YORK, Jan. 7, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global output management software market size is estimated to grow by USD 10.67 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 3% during the forecast period. Increased use of output management software solutions in healthcare industry is driving market growth, with a trend towards outsourcing of output management services. However, growing concerns over data security poses a challenge. Key market players include Broadcom Inc., CSG Systems International Inc., DOCPATH DOCUMENT SOLUTIONS SL, HP Inc., ISIS Papyrus Europe AG, kuhn and weyh Software GmbH, Kyocera Corp., LBM Systems LLC, LEVI RAY AND SHOUP INC., Lexmark International Inc., Open Text Corp., Pitney Bowes Inc., Plus Technologies LLC, QUADIENT, Ricoh Co. Ltd., Rochester Software Associates Inc., SEAL Systems AG, Stargel Office Solutions, Symtrax, and UNICOM .
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF
Output Management Software Market Scope
Report Coverage
Details
Base year
2024
Historic period
2019 – 2023
Forecast period
2025-2029
Growth momentum & CAGR
Accelerate at a CAGR of 3%
Market growth 2025-2029
USD 10669.8 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
2.9
Regional analysis
North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution
APAC at 42%
Key countries
US, China, Germany, Japan, Canada, UK, India, France, Italy, and Saudi Arabia
Key companies profiled
Broadcom Inc., CSG Systems International Inc., DOCPATH DOCUMENT SOLUTIONS SL, HP Inc., ISIS Papyrus Europe AG, kuhn and weyh Software GmbH, Kyocera Corp., LBM Systems LLC, LEVI RAY AND SHOUP INC., Lexmark International Inc., Open Text Corp., Pitney Bowes Inc., Plus Technologies LLC, QUADIENT, Ricoh Co. Ltd., Rochester Software Associates Inc., SEAL Systems AG, Stargel Office Solutions, Symtrax, and UNICOM Global
The Output Management Software Market is witnessing significant growth due to the increasing trend towards digital transformation in various industries. Document management, email communications, and portals are key areas where output management software is being adopted. Large Enterprises in sectors like healthcare, education, banking, and IT are automating paperwork and printing of documents using workflow management systems and printing tools. Customer relationship management and enterprise resource planning systems are also integrating output management capabilities. Automation of administrative tasks, printing of system-generated documents, and outsourcing of printing are driving the market. Cloud-based and on-premises solutions cater to different business needs. Trends such as paperless operations, personalizing output communications, and e-commerce integration are gaining traction. The manufacturing sector is adopting output management software for automating manual tasks and improving business continuity planning. Sustainable development and cybersecurity concerns are also influencing the market. Cloud-based technologies, software compatibility, data access, and data theft are key considerations for businesses. The market is expected to grow further with the adoption of big data analytics and Internet of Things technologies. Electronic documents, invoices, and printed letters are common use cases for output management software. Digital transformation initiatives are driving the demand for efficient and secure output management solutions.
The output management software market is witnessing a significant trend with companies outsourcing print-related activities to Asia. This includes tasks such as document management and the printing process. By outsourcing these functions, firms can concentrate on their core competencies, like research and development and product creation. The Asia Pacific region is a major hub for this outsourcing activity, leading to a heightened demand for output management software in this area. A substantial portion of outsourcing is focused on operational print activities, involving materials like memos, brochures, stationery, and manuals.
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• The Output Management Software Market faces various challenges in document management, particularly with emails, portals, and paperwork. Large Enterprises in industries like healthcare, education, banking, and IT deal with numerous administrative tasks, printer management, and workflow systems. Printing of documents, customer relationship management, and enterprise resource planning add to the complexity. Automation of manual tasks and personalizing output communications are key to digital transformation initiatives. Challenges include software compatibility, data access, and security concerns such as data theft and cyber security. System-generated documents and outsourcing require careful consideration. Paperless operations are a goal, but printing remains necessary for some industries and applications. Sustainable development and e-commerce industries also impact the market. Cloud-based and on-premises solutions offer benefits, with cloud-based technologies gaining popularity. Services like electronic documents and big data analytics are transforming business processes. The market must address challenges in printing tools, electrical forms, operating systems, and IT industry standards. Manufacturing industries seek to automate manual tasks and personalize output communications. Internet of Things integration and business continuity planning are essential for future growth. Overall, the Output Management Software Market must adapt to meet the evolving needs of various industries and businesses.
• Output management software plays a crucial role in facilitating data transfer between input and output devices in businesses. However, the security of this data is a significant concern, especially in sectors like healthcare and BFSI. Output devices, such as Multi-Function Printers (MFPs), are potential entry points for security breaches. Vendors offer secure data transfer solutions, but these come with a higher price tag. Companies must carefully weigh the benefits of output management software against the potential risks and costs. Effective data security measures are essential to protect a company’s vital information and maintain its brand reputation.
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This output management software market report extensively covers market segmentation by
End-user 1.1 BFSI1.2 Healthcare1.3 Manufacturing1.4 OthersDeployment 2.1 Cloud2.2 On-premisesGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America
1.1 BFSI- In the banking, financial services, and insurance (BFSI) sector, output management software plays a crucial role in handling sensitive documents securely and complying with industry regulations. With a substantial volume of documents daily, output management software is essential for document scanning, optical character recognition (OCR), and form processing solutions. This software helps BFSI organizations achieve better security, cost reduction, and improved traceability. Additionally, it facilitates personalized and timely customer communication, enhancing the overall customer experience and satisfaction. Financial institutions require multi-channel document delivery, and output management software enables seamless delivery via preferred channels. JPMorgan Chase and Wells Fargo are prominent users, streamlining document workflows and managing diverse document types. RBC Capital Markets reduced costs by 30% using HP Managed Print Services, addressing challenges like high printing requirements, obsolete devices, and frequent repairs. The BFSI sector’s focus on document security, compliance, digital transformation, efficient document workflows, and cost reduction will fuel the demand for output management software, boosting the BFSI segment’s growth in the market.
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The Output Management Software market is a significant segment of the IT industry, focusing on managing and optimizing the production, delivery, and archiving of various types of business documents. This software plays a crucial role in streamlining document-intensive processes, reducing manual tasks, and enhancing business efficiency. The market caters to various sectors, including the document management, customer relationship management, enterprise resource planning, E Commerce industry, and more. Output Management Software supports multiple formats, including emails, portals, paperwork, and electronic documents. Key applications include printing, personalizing output communications, and ensuring business continuity planning. It is essential for industries dealing with large volumes of paperwork, such as financial services, healthcare, and government, to adopt Output Management Software for sustainable development and cost savings. Moreover, the software supports digital transformation initiatives by enabling seamless integration with Operating Systems and other business applications, ensuring the secure and timely delivery of information to various stakeholders. The market is witnessing significant growth due to the increasing demand for efficient document management, reducing reliance on printed letters, invoices, and other physical documents.
The Output Management Software market encompasses solutions that manage and automate the production and delivery of various forms of business documents, including emails, portals, and printed documents. These systems streamline administrative tasks, such as document management, workflow management, and customer relationship management, in industries like healthcare, education, banking, and IT. Automation of printing tools and the integration with ERP and CRM systems are key features. Cloud-based and on-premises solutions cater to large enterprises and small businesses, offering paperless operations and sustainable development. Services range from document creation to data access and security, including system-generated documents, outsourcing, and compliance with operating systems and software compatibility. Output Management Software supports digital transformation initiatives, enabling personalizing output communications, e-commerce, and business continuity planning. Big data analytics and IoT integration add value, while addressing concerns like data theft and cybersecurity. The market continues to evolve, offering innovative solutions for various industries and use cases.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
End-userBFSIHealthcareManufacturingOthersDeploymentCloudOn-premisesGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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Output Management Software Market to Grow by USD 10.67 Billion (2025-2029), Driven by Healthcare Adoption and AI-Driven Market Transformation – Technavio
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