E-commerce logistics 2022 is expected to reach 568 billion USD

This market is forecast to reach $568.85 billion by 2022 at a compound annual growth rate (CAGR) of 19.4%, according to Research and Markets.

The e-commerce logistics market is also forecasted by experts to reach 1,163.56 billion USD by 2026 with a CAGR of 19.6%. E-commerce logistics refers to the process of providing shipping services to online businesses and involves inventory management, warehousing, packaging, labeling, payment, shipping, and collection. payment, return and exchange of delivered products.

E-commerce logistics is expected to grow when applying blockchain technology.

The main forms of e-commerce logistics are transportation, warehousing and value-added services. Areas of operation of companies in the industry include both domestic and international, delivery through standard delivery and same-day delivery. E-commerce logistics mainly operates in the fields of fashion, automobile, consumer electronics, healthcare, technology... End-user relationship is called B2B and B2C.

Asia-Pacific is the largest region in the e-commerce logistics market in 2021. The regions mentioned in this e-commerce logistics market report are Asia-Pacific, Western Europe , Eastern Europe, North America, South America, Middle East and Africa.

The development of digital technology will drive the growth of the e-commerce logistics market in the future. Digital technology in this industry includes electronic tools, automated systems, technological devices and resources that create processes or store data. The development of digital technology has influenced consumer decisions, increasing the volume of e-commerce goods. Thereby increasing the demand for e-commerce logistics services to transport related products.

In January 2021, according to statistics and technology data shared by Zippy Electric - an online content platform for electric vehicles based in the US, there were 4.6 billion internet users worldwide. demand, accounting for 59% of the world's population. More than 570 websites are created every minute, for a total of nearly 1.8 billion web pages. Google receives up to 1,200 searches per year and over 3.5 billion hits per day. Therefore, the development of digital technology is driving the e-commerce logistics market.

Technological advancement is a major trend that is gaining popularity in this market. Major companies are integrating new technologies like blockchain, automation, and patented technologies to deliver insights, enhance consumer experience, and operate securely. Blockchain technology and automation reduce costs and delivery times for companies, so more development is expected in the future.

Phi Hung (according to Research and Markets)