Global Logistics Visualization System Market: Introduction
Logistics visualization systems offer visibility into global logistics operations on a real-time basis. This helps the end-user to control inventory, manage operations more efficiently, and optimize supply chains. EDI, RFID, GPS, image recognition, etc. are the major data collection technologies within the logistics visualization system.
Global Logistics Visualization System Market – Dynamics
Rising Integration of Advance Technologies in Logistics Industry
Across the globe, adoption of IoT and Big Data within the logistics industry is increasing at an exponential rate. The major reason for adoption of advance technology within the logistics industry is operational efficiency as well as tracking on real-time basis. This has helped logistics operators to improve their operations as well as reduce the overall cost of shipping with safety. IoT in logistics is expected to bring about interconnectivity of devices, sensors, and systems that increases the volume, velocity, and variety of data. On the other hand, Big Data provides the ability to make sense of historical information and predict potential scenarios and outcomes.
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Threat of Cyber-attacks
Advancements and integration of technologies within the logistics industry have resulted in high threat of security breach and cyber-attacks. This may lead to breach of personal information of customers such as names, IDs, and phone numbers. Developers are adopting measures to tackle the issue of cyber-attacks. However, risks related to data breach by hackers are still substantial, which could lead to loss of millions of dollars. Data breach could lead to serious security concerns in any event or at a public area.
North America to Dominate the Global Logistics Visualization System Market
In terms of region, the global logistics visualization system market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the logistics visualization system market during the forecast period due to strong adoption of NextGen technologies in the logistics industry across regions.
COVID-19 Impact on the Global Logistics Visualization System Market
The COVID-19 pandemic is expected to impact the global logistics visualization system market. Nationwide lockdowns and hold on transportation and logistics across many countries has impacted the revenue as well as the investment of logistics companies. The crunch in revenue realization has impacted technology investment within the logistics industry across the globe.
