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Public Warehousing Market size is set to grow by USD 59.14 billion from 2024-2028, Growing number of SMEs to boost the market growth, Technavio

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NEW YORK, June 13, 2024 /PRNewswire/ — The global public warehousing market size is estimated to grow by USD 59.14 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.6% during the forecast period. Growing number of smes is driving market growth, with a trend towards rise in automation and implementation of smart warehousing solutions. However, shortage of skilled labor poses a challenge. Key market players include Agility Public Warehousing Co. K.S.C.P, CEVA Logistics S A, Deutsche Bahn AG, Deutsche Post AG, FedEx Corp., Fullers Logistics Ltd., GEODIS, Globe Express Services logistics and Shipping Co., Kenco Group Inc., Kuehne Nagel Management AG, NFI Industries Inc., Penske Corp., PiVAL International, Ryder System Inc., Saddle Creek Logistics Services, The China Fox Group Pty Ltd., United Parcel Service Inc., Warehouse Services Inc., Wincanton Plc, and XPO Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – View the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (General and Specialized), Application (Manufacturing, Consumer goods, Retail, Healthcare, and Others), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)

Region Covered

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

Key companies profiled

Agility Public Warehousing Co. K.S.C.P, CEVA Logistics S A, Deutsche Bahn AG, Deutsche Post AG, FedEx Corp., Fullers Logistics Ltd., GEODIS, Globe Express Services logistics and Shipping Co., Kenco Group Inc., Kuehne Nagel Management AG, NFI Industries Inc., Penske Corp., PiVAL International, Ryder System Inc., Saddle Creek Logistics Services, The China Fox Group Pty Ltd., United Parcel Service Inc., Warehouse Services Inc., Wincanton Plc, and XPO Inc.

Key Market Trends Fueling Growth

The public warehousing market is experiencing significant growth due to the adoption of automation technologies and smart solutions. Artificial intelligence (AI) and robotic process automation (RPA) are key trends, improving operational efficiency and productivity. Amazon.com leads the way with over 200,000 mobile robots in their warehouses. Public warehouses bear the initial investment for these advanced technologies, allowing end-users to benefit without high costs. As automation increases, public warehouses become an attractive option for businesses. 

The public warehousing market is currently experiencing significant growth, with many businesses opting for outsourced storage solutions. Urban areas are seeing a surge in demand for logistics and storage services due to increasing e-commerce sales. The use of technology in warehousing, such as automation and robotics, is becoming more common to improve efficiency and reduce costs.

Sustainability is also a trending topic, with many warehouses implementing green practices to reduce their carbon footprint. Additionally, the need for secure storage solutions is increasing due to the rise in cargo theft. Overall, the public warehousing market is evolving to meet the changing needs of businesses and consumers. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The global public warehousing market faces a challenge due to the labor shortage, particularly in the skilled workforce sector. The warehousing industry’s growth has led to a surge in hiring and labor demand, with the US Bureau of Labor Statistics reporting 1.44 million employees in the sector as of July 2021.However, the labor shortage is hindering industry growth, with the need for a skilled workforce to handle advanced technologies and automated processes outpacing the labor pool’s growth. The location of public warehouses, often on the outskirts of cities, makes recruitment difficult and restricts companies from relocating. The labor shortage increases overall costs, keeping wages high and reducing profit margins for companies, especially during peak sales periods.The public warehousing market faces several challenges in today’s business environment. One major challenge is the increasing demand for customized logistics solutions. Customers want flexible storage options and quick access to their inventory.Another challenge is the need for advanced technology to manage and optimize warehouse operations. This includes the use of automation, real-time inventory tracking, and data analytics. Additionally, the market is experiencing intense competition, requiring warehousing providers to offer competitive pricing and high-quality services.Lastly, there are regulatory and compliance issues that must be addressed, such as safety standards and environmental regulations. Overall, the public warehousing market requires innovative solutions to meet the evolving needs of businesses while maintaining efficiency and profitability.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

Type 1.1 General1.2 SpecializedApplication 2.1 Manufacturing2.2 Consumer goods2.3 Retail2.4 Healthcare2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 General- The general warehousing segment is the largest in the public warehousing industry, catering to various sectors such as automotive, retail, consumer products, and chemicals. These warehouses do not require temperature control or special handling equipment. The rise of these industries and global trade, along with increasing consumer spending and e-commerce sales, drive the demand for general warehousing. Companies rely on third-party warehouses to avoid investing in their own facilities, making these warehouses strategically located near transportation hubs essential.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

The Public Warehousing Market encompasses large, shared facilities where businesses store their General Merchandise under a Contract Storage agreement. These facilities offer various Handling Services, including Packing Services and Transportation Services, making them integral components of the Supply chain industry.

Public warehousing services cater to multiple clients, making them a popular choice for E-commerce businesses and Omnichannel retailers. Data analytics tools, Cloud computing, Automation, Artificial intelligence, and Robotics are increasingly being integrated into Public Warehousing Solutions to enhance efficiency and accuracy. Dedicated warehousing and Third-party logistics services are also offered by providers in this sector to cater to diverse client needs.

Market Research Overview

The public warehousing market encompasses a vast network of facilities that provide storage solutions for various industries and businesses. These warehouses offer flexibility in terms of contract duration and size, making them an attractive option for businesses with fluctuating storage needs. The market is characterized by advanced technology integration, including automated storage and retrieval systems, and real-time inventory management. Sustainability is a growing concern, with many warehouses implementing energy-efficient practices and adopting green technologies.

The market is also driven by the increasing trend towards e-commerce and the need for efficient order fulfillment. Additionally, the market is witnessing a shift towards regional and urban warehousing to reduce transportation costs and improve delivery times. Overall, the public warehousing market plays a crucial role in the supply chain, enabling businesses to optimize their inventory and streamline their logistics operations.

Table of Contents:

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

TypeGeneralSpecializedApplicationManufacturingConsumer GoodsRetailHealthcareOthersGeographyAPACNorth AmericaEuropeMiddle 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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SOURCE Technavio

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48-Hour Saudi Visa Processing, Major Discounts and Unmissable Giveaways – Only at ‘Spectacular Saudi’ in Mumbai

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NEW DELHI, Sept. 21, 2024 /PRNewswire/ — Saudi’s national tourism brand, ‘Saudi Welcome to Arabia’ is hosting its first-ever immersive consumer event ‘Spectacular Saudi’, from September 25 to October 2,  from 2:00 p.m. – 10:30 p.m. at R2 Ground in BKC, Mumbai.

Slated to transport visitors straight to the Heart of Arabia; the 8-day immersive experience will give visitors a glimpse into Saudi’s many wonders and iconic experiences – all while extending the warm Saudi welcome. To give consumers a truly memorable experience Saudi is offering exclusive giveaways and discounts specially curated for Indian travellers.

What’s more, Indian travellers can fast-track their Saudi visas exclusively at the event. All you need is a valid Visa or Mastercard credit card! Head on over to one of eight dedicated Tasheer kiosks, ensure the name on the credit card matches the passport, and have sufficient funds available on the card. After that, sit back and relax as your visa will be in hand within 48 hours!

It has never been easier to visit Saudi. With the most seamless visa process offered to date, the excitement doesn’t end there. On the travel front, SAUDIA Airlines is offering special deals, including a buy one get 50% off on the second ticket if travelling business class. Additionally, all economy class tickets will be 15% off. Attendees will also have the chance to participate in daily giveaways for free flight tickets for two to Saudi. With over 50+ travel trade offers, visitors can access incredible cashback and discounts on Saudi travel packages. Additionally, those booking Saudi packages will enjoy complimentary cultural city tours. Group tour packages to Riyadh, Jeddah, and Dammam will be available exclusively at the event, starting at INR 99,999 for 5 nights.

Visitors can expect unique immersive experiences–including exhibits, culinary delights, Ardah dancers, Saudi coffee, traditional scents, and fashion–all under one roof. So don’t miss out and register here to experience a piece of Saudi, right in the heart of Mumbai.

Photo – https://mma.prnewswire.com/media/2511104/Spectacular_Saudi.jpg

 

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Indian Cancer Genome Atlas Launches the Country’s First Comprehensive Cancer Multi-Omics Data Portal

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Offers open access to cancer data for research

NEW DELHI, Sept. 21, 2024 /PRNewswire/ — The Indian Cancer Genome Atlas (ICGA) has launched India’s first comprehensive cancer multi-omics data portal. This pioneering platform provides open access to clinically correlated data from Indian cancer patients, aimed at transforming cancer research and treatment for Indian populations.

Historically, cancer treatments in India have been based on Western data sets. However, cancers in Indian patients can differ significantly at the molecular level. ICGA’s mission is to create Indian-specific datasets to help researchers and clinicians develop personalized treatment protocols. This new open-access portal represents a monumental step in revolutionizing cancer research, specifically for Indian patients.

The ICGA cancer multi-omics portal is the first in India to offer data that includes DNA, RNA, and protein profiles of breast cancer patients, integrated with clinical outcomes. Currently, the platform consists of data from 50 breast cancer patients, with plans to expand to over 500 patients in the coming year. This data is freely accessible to the global research community under India’s PRIDE guidelines, which promote ethical sharing and collaboration in cancer research.

Key Highlights of this portal include:

India’s First Cancer Multi-Omics Data Portal: A comprehensive resource that offers detailed multi-omics data for breast cancer patients, including genomic and proteomic information.Based on cBioPortal Platform: Derived from the internationally recognized cBioPortal, this platform ensures seamless integration with global cancer research efforts.Initial Dataset from 50 Indian Patients: Provides clinically annotated DNA, RNA, and protein profiles, along with treatment histories and patient outcomes, with an aim to scale up to 500 in a year.Free Access Under PRIDE Guidelines: Adhering to responsible and ethical data-sharing practices, the portal is freely accessible to the scientific community.A Step Toward Precision Oncology for Indian Patients: This initiative is designed to enable the development of personalized cancer treatments tailored to Indian patients.Call for Collaboration:  ICGA invites researchers worldwide to contribute and expand the platform, fostering global collaboration in cancer research.

Professor Shekhar C. Mande, Former DG-CSIR, Currently Senior Professor at Savitribai Phule Pune University
“Making this invaluable cancer data publicly accessible marks a pivotal step in accelerating scientific discoveries and enhancing patient outcomes. By openly sharing this data, we are empowering researchers, clinicians, and innovators to collaborate, explore new frontiers, and drive transformative breakthroughs in cancer treatment.”

Joint Statement from Dr JC Zenklusen – Director of The Cancer Genome Atlas (TCGA) at the NCI, NIH, USA, and Prof Sunil Badve – Vice Chair, Pathology Cancer Programs, Department of Pathology and Laboratory Medicine, Emory University School of Medicine, Atlanta, Georgia, USA
“Fifteen years ago, when we launched TCGA, we could not have foreseen the remarkable progress cancer research would make. It is incredibly exciting to see ICGA advancing so rapidly and taking bold steps in revolutionizing cancer research. Understanding the genome of cancer patients will improve the treatment of Indians not only in India but also worldwide. We, both, encourage others with similar data to actively contribute to ICGA, so this initiative can grow even faster and drive greater breakthroughs.”

Dr. Anand Deshpande, Chairman and Managing Director at Persistent, and Non-Executive Director at ICGA
“We have made an excellent start with this groundbreaking multi-omics cancer portal. Cancer touches all of us, and the need for more effective, personalized treatments—especially tailored to the unique genetic and environmental factors in India—is urgent. This portal will empower researchers with crucial data to advance customized cancer research for better treatment outcomes. I encourage everyone to contribute and support this vital cause, helping us accelerate progress in the fight against cancer.”

About Indian Cancer Genome Atlas (ICGA):
The Indian Cancer Genome Atlas (ICGA) is a national initiative focused on mapping the genomic, transcriptomic, and proteomic landscapes of cancers across India. As a section 8 not-for-profit organization, the ICGA Foundation, operates through a public-private-philanthropic partnership, with active support from over 50 clinicians, researchers, and data analysts. Its mission is to enhance cancer diagnosis and treatment for Indian patients and contribute to the global understanding of cancer biology. The foundation’s first project focuses on the multi-omics profiling of breast cancer, with plans to extend this effort to other types of cancer in the future.

https://www.icga.in/

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Huawei Launches All-New Xinghe Intelligent Campus with Full Upgrades, Maximizing Enterprises’ Intelligent Productivity

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SHANGHAI, Sept. 21, 2024 /PRNewswire/ — During HUAWEI CONNECT 2024, the Xinghe Intelligent Campus session was successfully held, attracting more than 200 industry pioneers, experts, and scholars from around the world to explore campus network trends and technological innovations. Also at the event, Huawei unveiled its all-new Xinghe Intelligent Campus Solution that stands out for full upgrades to wireless, application, and operations & maintenance (O&M) experience.

Shawn Zhao, President of the Campus Network Domain, Huawei’s Data Communication Product Line, said, “As video conferencing, AI terminals, and AI applications become more widespread, the campus network access density has increased threefold, and the demand for bandwidth has grown tenfold. In this case, users place new requirements on the assurance for AI applications and audio/video services while expecting more intelligent O&M.”

To meet these needs, Huawei launched its all-new Xinghe Intelligent Campus Solution with full upgrades. Specifically, this solution upgrades wireless experience in performance, roaming, and IoT convergence. It also leverages X-Scheduler (an experience scheduling engine) to upgrade application experience, while drawing on AI-assisted decision-making and a tidal prediction algorithm to upgrade O&M experience. These help customers build an industry-leading digital infrastructure and facilitate the digital and intelligent transformation of enterprises.

In addition, the solution provides end-to-end security assurance. On the wireless side, the innovative Wi-Fi Shield technology radically prevents packet eavesdropping on the air interface. On the wired side, the full-link MACsec capabilities from switches to APs ensure secure campus network data transmission since the very beginning.

Also at the session, leading analyst firms, customers, and partners in various industries shared their unique insights, best practices, and successful cases. Key speakers include Sian Morgan, Research Director of Dell’Oro Group; Dr. Haitham S. Hamsa, Professor of Information Technology, Cairo University; Shang Qun, Assistant to the Director of the Computing Center, Peking University; Sun Pan, Director of Infrastructure Operations Dept, System Digitalization Dept, FAW Group; Connee Zhang, CEO of CypressTel. Their valuable practices will provide a unique reference for the digital and intelligent transformation of enterprises across industries.

Looking ahead, Huawei believes that the Xinghe Intelligent Campus Solution will become the preferred choice for global enterprises’ digital and intelligent transformation to reap more benefits.

For more information about Huawei’s Xinghe Intelligent Campus Solution, visit https://e.huawei.com/en/solutions/enterprise-network/campus-network.

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SOURCE Huawei

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