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Instant Shipping Market to Grow by USD 43.14 Billion from 2024-2028, Driven by International Trade Growth and AI’s Role in Market Transformation – Technavio

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NEW YORK, Oct. 24, 2024 /PRNewswire/ — Report with the AI impact on market trends – The Global Instant Shipping Market size is estimated to grow by USD 43.14 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  8.13%  during the forecast period. Growth in international trade is driving market growth, with a trend towards adoption of drone technology. However, global supply chain disruption  poses a challenge.Key market players include Amazon.com Inc., AP Moller Maersk AS, Aramex International LLC, CMA CGM SA Group, COSCO Shipping Ports Ltd, DB Schenker, Deutsche Post AG, DPD Deutschland GmbH, FedEx Corp., Hapag Lloyd AG, Japan Post Holdings Co. Ltd., JD.com Inc., Kuehne Nagel Management AG, Nippon Express Holdings Inc., Royal Mail Group Ltd., SEKO Logistics, SF Express Co. Ltd., Swissport International AG, United Parcel Service Inc., United States Postal Service, XPO Inc., and Yamato Holdings Co. Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Instant Shipping Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 8.13%

Market growth 2024-2028

USD 43143.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.65

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 40%

Key countries

US, China, Germany, UK, and Japan

Key companies profiled

Amazon.com Inc., AP Moller Maersk AS, Aramex International LLC, CMA CGM SA Group, COSCO Shipping Ports Ltd, DB Schenker, Deutsche Post AG, DPD Deutschland GmbH, FedEx Corp., Hapag Lloyd AG, Japan Post Holdings Co. Ltd., JD.com Inc., Kuehne Nagel Management AG, Nippon Express Holdings Inc., Royal Mail Group Ltd., SEKO Logistics, SF Express Co. Ltd., Swissport International AG, United Parcel Service Inc., United States Postal Service, XPO Inc., and Yamato Holdings Co. Ltd.

Market Driver

Drones, or unmanned aerial vehicles (UAVs), have become a popular solution for faster and more efficient goods delivery, particularly in challenging terrain and urban areas. Companies like Amazon and DHL are investing heavily in drone-based delivery systems to meet the increasing demand for instant shipping, especially for e-commerce and essential items. In March 2023, Amazon received FAA approval to operate its Prime Air drone service in select US regions, and by August, they expanded drone trials in rural Texas for essential deliveries. In April 2024, Amazon announced the deployment of drones from its same-day delivery site in Tolleson, integrating fulfilment and delivery functions for enhanced speed and efficiency. DHL also experimented with drones, delivering medical supplies to a remote island in Scotland in January 2023 and partnering with Drone Delivery Canada for drone solutions in North America’s challenging terrains by October 2023. These developments underscore the growing importance of drones in addressing logistical challenges and driving the global instant shipping market growth. 

E-commerce adoption is on the rise, with more consumers turning to online retail shopping for convenience. B2C shipments have become a significant part of logistics operations, putting pressure on delivery services to meet customer expectations of quick product delivery. Long delivery times are a concern for e-shoppers, leading to the emergence of same-day delivery and logistics automation. E-commerce platforms are investing in delivery infrastructure to meet consumer demand, especially in cross-border trade activities. Internet penetration and smartphone adoption have fueled the growth of e-commerce, making freight transportation a prominent player in the market. Effective services, customer satisfaction, and business growth depend on efficient last-mile deliveries. Perishable commodities require cold chain logistics, adding to logistics costs. Urbanization and infrastructure development are essential for effective transportation and inventory management. Prominent players like Supermercato24 are focusing on grocery delivery, catering to consumer demand for convenience. The market offers numerous opportunities for logistics cost reduction and transportation mode optimization. Overall, the focus is on effective services, customer experience, and efficient operations in the e-commerce shipping market. 

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 Market Challenges

The global instant shipping market has faced substantial challenges due to disruptions in the supply chain. One significant issue arose from the avoidance of high-risk areas, such as the Gulf of Aden and Bab al-Mandeb Strait, which led to a 41% decline in vessel traffic and a 47% drop in trade volumes. This trend continued into the first week of January 2024, with approximately 220 fewer vessels using this route compared to the same period in the previous year. The impact on containerized goods, which make up nearly half of the tonnage passing through the Suez Canal, and on oil and oil products transported from the Persian Gulf to Europe and the US, is expected to be far-reaching. Additionally, higher raw material costs, driven by shortages, contributed to a 11.1% increase in the US Producer Price Index (PPI) in the 12 months ending in May 2022. These disruptions led to inflation, complicating procurement for businesses and subduing demand, negatively affecting shipping volumes and profitability. Labor shortages and transportation issues, such as the US recording 4 million job resignations and 9.8 million new job openings in May 2023, further delayed production and deliveries, contributing to shipping delays. Political instability, like the Russian invasion of Ukraine in 2022, exacerbated the supply chain crisis by causing resource shortages. These global supply chain disruptions are hindering the growth of the instant shipping market during the forecast period.Instant Shipping Market: Seizing Opportunities Amidst Challenges The Instant Shipping Market is experiencing rapid growth, driven by smartphone adoption and e-commerce boom. Prominent players like Supermercato24 dominate the scene, offering same-day delivery for grocery and perishable commodities. E-commerce trade activities and consumer demand for quick product delivery are key drivers. Logistics automation, infrastructure development, and efficient freight transportation are essential to meet the increasing demand. However, logistics costs, especially for perishable goods, remain a challenge. Urbanization, internet access, and digitization are transforming the landscape, enabling real-time inventory management and cold chain logistics. Last-mile deliveries pose unique challenges, with multi-modal systems and mode of transportation being critical factors. Effective services and customer satisfaction are crucial for business growth. Emerging technologies like artificial intelligence and machine learning are revolutionizing the retail segment, enabling autonomous and robotic delivery. Despite these opportunities, challenges persist, including infrastructure development, logistics costs, and transportation efficiency. Addressing these challenges will be key to unlocking the full potential of the Instant Shipping Market.

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Segment Overview 

This instant shipping market report extensively covers market segmentation by  

Application 1.1 E-commerce1.2 Automotive1.3 Pharmaceuticals and healthcare1.4 Consumer electronics1.5 OthersCustomer Type2.1 Business to customer2.2 Business to businessGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 E-commerce-  At Instant Shipping Market, we provide efficient and reliable shipping solutions for businesses. Our team of experts handles every shipment with care, ensuring timely delivery. We offer various shipping options to suit different needs and budgets. Trust US to manage your logistics, allowing you to focus on growing your business. With our transparent pricing and excellent customer service, you can rely on US for all your shipping requirements.

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Research Analysis

E-commerce adoption has seen a significant in recent years, leading to an increase in B2C shipments. Customer expectations for quick product delivery and a seamless customer experience have become the norm. Delivery services play a crucial role in meeting these expectations, but long delivery times continue to be a challenge. Online retail shopping offers convenience, but shipping costs and delivery infrastructure can impact business growth. E-commerce platforms are investing in logistics operations, strategic alliances, and a multi-modal system to improve last-mile deliveries. Internet penetration and the rise of e-shoppers have opened up opportunities for cross-border e-commerce. Inventory management, cold chain logistics, and warehouse management are essential components of efficient shipping operations. Mode of transportation and delivery costs also impact customer satisfaction. Quick product delivery and a positive customer experience are key to business success.

Market Research Overview

E-commerce adoption has seen a significant, with customer expectations for quick and convenient B2C shipments continuing to rise. Delivery services play a crucial role in meeting these expectations, but long delivery times remain a challenge. Online retail shopping offers the convenience of shopping from anywhere, anytime, fueling the growth of e-commerce platforms. However, delivery infrastructure and logistics operations must keep pace with consumer demand. Internet penetration and smartphone adoption have expanded the reach of e-commerce, leading to an increase in cross-border trade activities. Logistics automation, including AI and machine learning, is transforming the industry, reducing logistics costs and improving efficiency. Same-day delivery and last-mile deliveries are becoming the norm, with multi-modal systems and autonomous delivery solutions emerging. Effective services, consumer satisfaction, and business growth are key market opportunities. Urbanization, population density, and digitization are driving the need for effective inventory management and cold chain logistics. Freight transportation and the retail segment, particularly perishable commodities, benefit from efficient and effective shipping solutions. Overall, the market presents numerous opportunities for innovation and growth in the e-commerce shipping industry.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationE-commerceAutomotivePharmaceuticals And HealthcareConsumer ElectronicsOthersCustomer TypeBusiness To CustomerBusiness To BusinessGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Technology

Desay SV Collaborates with Qualcomm to Deliver New Intelligent AI Cabin Platform Powered by Snapdragon Elite Automotive Platforms

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Highlights:

New Desay SV G10PH is designed to support superior computing, graphics, and advanced AI-enabled cabin products for automotive OEMs, ensuring cutting-edge performance and functionality.The G10PH is engineered for real-time decision-making, adaptive responses, and proactive assistance to create tailored and intuitive driving experiences.Collaboration is built on a strong and long-term working relationship, marked by the successful development of innovative cabin platforms for global automakers.

LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — Desay SV and Qualcomm Technologies, Inc. held a joint signing ceremony at CES today to commemorate the companies’ co-innovation to deliver Desay SV’s next-generation intelligent cabin platform, the G10PH. Desay SV and Qualcomm Technologies have a strong long-term relationship focused on developing innovative cabin solutions, which are now integrated into millions of vehicles across the globe. Building on this, the companies will collaborate on the G10PH intelligent cabin platform powered by Qualcomm Technologies’ Snapdragon® Cockpit Elite platform. 

The G10PH harnesses the advanced artificial intelligence (AI) capabilities, superior computing and high-definition graphics of the Snapdragon Cockpit Elite platform to push the boundaries of automotive technology. With the Snapdragon Cockpit Elite’s state-of-the-art Qualcomm Oryon™ CPU, Qualcomm® Hexagon™ NPU for accelerated AI performance and improved Qualcomm® Adreno™ GPU, this cutting-edge system provides automakers with the tools to deliver a smart, intuitive, and personalized experience for drivers and passengers*. Additionally, the G10PH enables real-time decision-making, adaptive responses, and proactive assistance, creating an exclusive intelligent cabin assistant that is finely tuned to users’ habits. Every vehicle utilizing the G10PH will feature seamless user interface and support personalized features designed to enhance comfort and convenience befitting a premium user-centric driving experience. 

“At the new inflection point of ‘Software-Defined Vehicle’ and ‘AI-Defined Vehicle,’ Desay SV, together with Qualcomm Technologies, launched the premium AI intelligent cabin platform G10PH, which marks another technological revolution in the process of intelligent cabin and is an important example of Desay SV leading the development of cabin intelligence upgrade,” said Jian Xu, CEO of Desay SV. “We hope that this platform will give a strong impetus to the intelligent transformation of global automotive manufacturers, reshape the new ecosystem of future mobility, and accelerate the realization of the era of intelligent mobility.”

“The automotive industry is on the brink of a new era of intelligent transformation, driven by software and AI. Qualcomm Technologies and Desay SV have built a robust foundation of collaboration, and with our combined expertise in intelligent cockpits and we are excited about the new products featuring Snapdragon Cockpit Elite,” said Nakul Duggal, group general manager, automotive, industrial, and cloud, Qualcomm Technologies, Inc. “These innovations will enable automakers to deliver more advanced AI features and experiences to consumers, setting a new standard in the industry.”

Intelligent cockpit is the carrier of various sensing and interaction technologies, and it reflects the state of development in intelligent vehicle technology. According to KPMG’s analysis, China’s intelligent cabin market will reach RMB212.7 billion in 2026, with a compound annual growth rate of about 17% from 2022 to 2026, and the penetration rate is expected to increase from 59% to 82%. According to the “Smart Cockpit Assembly Data List for January-September 2024” by Gasgoo Automotive Research Institute, Desay SV holds the leading position in the market with an assembly volume of 630,492 units, accounting for 15.5% of the market share.

###

About Desay SV

Desay SV (002920.SZ) is a leading mobility technology company with R&D and service branches in Germany, Japan, Singapore, Spain, USA, etc. The company focuses on efficiently integrating smart cabin, smart drive, and smart service. Relying on 39 years of accumulation, Desay SV has excelled in R&D, design, quality management, and intelligent manufacturing. Desay SV’s continuous innovation and comprehensive capabilities earn the long-term trust of global customers, including Chery, Geely, SAIC, Toyota, Volkswagen, Volvo, etc., and have helped it rank 74th in the Automotive News 2024 top 100 global auto parts suppliers. For more information, please visit Desay SV online at www.desaysv.com or follow us on: https://www.linkedin.com/company/13690363

About Qualcomm

Qualcomm relentlessly innovates to deliver intelligent computing everywhere, helping the world tackle some of its most important challenges. Our proven solutions drive transformation across major industries, and our Snapdragon® branded platforms power extraordinary consumer experiences. Building on our nearly 40-year leadership in setting industry standards and creating era-defining technology breakthroughs, we deliver leading edge AI, high-performance, low-power computing, and unrivaled connectivity. Together with our ecosystem collaborators, we enable next-generation digital transformation to enrich lives, improve businesses, and advance societies. At Qualcomm, we are engineering human progress. 

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering and research and development functions and substantially all of our products and services businesses, including our QCT semiconductor business. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patents are licensed by Qualcomm Incorporated.

Qualcomm, Snapdragon, Qualcomm Oryon, Hexagon and Adreno are trademarks or registered trademarks of Qualcomm Incorporated.

*All performance targets are compared to previous generation, based on preliminary internal testing, and subject to change upon final validation. 

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SOURCE Desay SV

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VerifiedX Releases VFX SwitchBlade Wallet Featuring First-Mover Bitcoin Utility at BitMart

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TORONTO, Jan. 10, 2025 /PRNewswire/ — The VerifiedX (VFX) Network, VerifiedX.io, has launched its mainnet non-custodial wallet VFX SwitchBlade, which enables full native Bitcoin functionality. The VFX SwitchBlade also supports a ‘first-mover’ fully decentralized and self custodial Bitcoin Tokenization (Verified Bitcoin) with on-chain native features, enabling real day-to-day utility, while solving current frictions for all Bitcoiners globally today. 

 

Verified Bitcoin (vBTC) enables anyone the ability to save, spend, withdraw, borrow, lend, mint & transfer media / documents, and vault actual Bitcoin with on-chain recovery features eliminating the need for third-parties or hardware wallets, through a feature rich simple text smart contract. This incredibly unique Bitcoin token provides for enhanced privacy with near-instant transaction finality, all with near-zero fees. Verified Bitcoin tokens are transferable in any denomination completely peer-to-peer, so long as they have a native Bitcoin balance and always maintain a fully decentralized and non-custodial evergreen 1:1 peg. This means that 1 vBTC will always equal 1 BTC and token owners may withdraw their underlying Bitcoin anytime with a ‘one-click’ multisig action or off-ramp the token itself, in whole or in part, at any participatory liquidity provider.

This empowering development will inevitably help provide congestion relief for the Bitcoin network, dramatically reduce Bitcoin holders cost of ownership and transfers, enable media embedding, and increase self-custodial security exponentially, adding immediate utility to holders of the largest digital asset class. It is anticipated that Verified Bitcoin may also help facilitate additional native scarcity with Total Value Vaulted (TVV) over time on VerifiedX Vaults.

VerifiedX – VFX (VerifiedX.IO) is the first open-source decentralized network that is both a universal layer 1 and a Bitcoin specific sidechain for the purpose of tokenized self-custody, on-chain storage, and peer-to-peer commerce of both digital & physical assets.

For Further Inquiries:
Website: https://verifiedx.io/
Discord: https://discord.gg/7cd5ebDQCj
Twitter (X)): https://twitter.com/vfxblockchain
Github: https://github.com/verifiedxblockchain

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SOURCE VerifiedX.io

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Ratehub Inc. launches a new personal loans marketplace powered by its LoanFinder tool

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Canadian financial technology company launches a personal loans marketplace, simplifying borrowing for Canadians and helping members manage debt better

TORONTO, Jan. 10, 2025 /CNW/ – Ratehub Inc., a leading Canadian financial technology company, has launched a new personal loans marketplace as part of its mission to empower Canadians with the tools and resources to make confident financial decisions.

This launch brings Ratehub closer to its vision of becoming Canada’s go-to source and one-stop shop for all personal finance products. With LoanFinder, Ratehub’s custom-built tool, members can easily explore and compare a range of loan options tailored to their unique needs. Members can quickly secure pre-approval for the best rates, saving both time and money—all within one easy-to-use platform.

“Our launch into personal loans is an important milestone towards achieving our vision of being the one-stop shop for all consumers’ financial needs – spend, save, borrow, invest, and protect,” said Naga Parvatharajan, CEO of Ratehub Inc. “LoanFinder, is a game-changer for Ratehub members. It uses our own data and credit bureau information to pre-approve you for the best loan offers, all without impacting your credit score. We’re thrilled to be working with Fig Financial and Spring Financial as our first partners to bring Canadians simpler borrowing options and help them manage debt better.”

Ratehub members will benefit from:

Comprehensive loan marketplace: Best pre-approved offers through LoanFinder matched to the lender, maximizing members’ approval odds without impacting their credit scoresSeamless digital experience: A fast, fully digital loan application process from the convenience of members’ homesFinancial education: Access to expert articles and resources to guide members on what to look for when selecting loansTransparency: Clear and unbiased information to help members make informed decisionsValue: Save money by refinancing credit card debt, reducing monthly payments, funding home improvement projects, or other needs

“In today’s challenging financial environment, it’s more important than ever to provide the tools and resources that help Canadians make confident decisions,” said Natasha Macmillan, Director of Everyday Banking at Ratehub.ca. “Our goal is to support every Ratehub member based on their financial needs and journey. Our launch of personal loans will allow members to navigate these products and empower them to make well-informed decisions.”

Currently offering comparisons for personal loans, Ratehub’s ultimate goal is to provide a complete range of loan types, with personalized recommendations that help members find the perfect match for their eligibility and financial situation. Ratehub is committed to helping Canadians find their best borrowing option based on their unique financial needs, and ultimately empowering them to manage debt better and take control of their financial future.

About Ratehub Inc.
Ratehub Inc. is the one-stop shop for all consumer finance needs – Save, Spend, Borrow, Invest and Protect. We connect Canadians to the best financial tools, advice, and products on the market through our financial product comparison site and mortgage brokerage, Ratehub.ca, mortgage lender, CanWise, insurance brokerage, RH Insurance, and personal finance website, MoneySense. Millions of Canadians visit Ratehub.ca and MoneySense every year to get personalized recommendations on the best mortgage rates, credit cards, savings accounts, GICs, and insurance products. To learn more, visit www.ratehub.ca or www.canwise.com or www.rhinsurance.ca or www.moneysense.ca.

SOURCE Ratehub Inc.

SOURCE Ratehub Inc.

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