APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    Fourth Party Logistics to Grow Rapidly in APAC: A Technavio Report

    The logistics market plays a key role in the supply chain management (SCM) sector that includes transportation, storage, and distribution of goods from the point of origin to the targeted destination  

    Fourth Party Logistics to Grow Rapidly in APAC: A Technavio Report

    By

    Apac CIOOutlook | Monday, May 30, 2016

    Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.

    FREMONT, CA: Technavio, a market research company, in a recent report states that the logistics market in the APAC region is set to grow by a CAGR of 13% by 2020. The report titled “Logistics Market in the APAC Region 2016-2020” has been prepared based on an in-depth market analysis with inputs from industry experts and covers the market landscape and its growth prospects over the coming years.

    The logistics market plays a key role in the supply chain management (SCM) sector that includes transportation, storage, and distribution of goods from the point of origin to the targeted destination. Customers currently outsource their logistics and transportation functions to service providers that specialize in handling logistics functions like freight and forwarding, transportation and warehousing. The service providers also offer value-added services associated to logistics like packaging.

    Check Out : Top logistics Tech companies in APAC

    E-commerce has expanded in the APAC region due to reasons such as an increase in disposable income, growing middle-class population and increasing usage and adoption of internet and mobile services. This increase in the e-commerce sector envisions the demand for logistics services to increase in the future.  Economic growth across industries such as fast moving consumer goods (FMCG), automobile and auto components also increases the demand for logistics services in APAC.

    The logistics market in the APAC region is fragmented and localized with many new establishments catering to each logistics sub-segment. The competition is likely to build up with the entry of new players in the logistics market.

    The report also considers factors such as the increasing number of mergers and acquisitions in the region that accelerate the growth prospects for this market over the forecast period. Vendors in the market are entering into mergers and acquisitions to expand their portfolio, increase their global presence, and realize economies of scale for various SCM processes.

    The market is divided into the following segments based on the type of logistics: Second-party logistics (2PL), Third-party logistics (3PL) and Fourth-party logistics (4PL).

    The 4PL segment is one of the major market segments in this market and is expected to reach more than USD 12 billion by the end of 2020. The 4PL market in APAC is estimated to grow quickly and is dominated by the local vendors who provide logistics-specific solutions. The 4PL logistics service providers have better insights of the market and can effectively co-operate with 2PL and 3PL service providers to increase their customer base.

    More in News

    Enhancing Customer Satisfaction through Omni-Channel Payments

    Enhancing Customer Satisfaction through Omni-Channel Payments

    AI's Role in Apac's Digital Transformation Journey

    AI's Role in Apac's Digital Transformation Journey

    Influence of AI on Supply Chain Management

    Influence of AI on Supply Chain Management

    Role of Blockchain in Fostering a Trust-Based Economy

    Role of Blockchain in Fostering a Trust-Based Economy

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/fourth-party-logistics-to-grow-rapidly-in-apac-a-technavio-report-nwid-2121.html