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Market Research Report on Global Logistics Automation Market Forecast the Revenue to Reach USD 133 Bn Size By 2030, Growing at a CAGR of 10.7% from 2022 to 2030 – Exclusive Report By Acumen Research and Consulting

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OSAKA, Japan, June 21, 2022 (GLOBE NEWSWIRE) — The Global Logistics Automation Market size was valued at USD 55 Bn in 2021 and is estimated to reach USD 133 Bn by 2030, with a significant CAGR of 10.7% from 2022 to 2030.

The exponential growth of the ecommerce industry is one of the global logistic automation market trends which is driving up the industry demand. After the pandemic struck late in the first quarter of 2020, e-commerce sales increased by nearly 32% in the second quarter. According to the US Department of Commerce, first-quarter sales of US$ 154.6 billion increased to US$ 203.8 billion in the second quarter as the pandemic gained traction. As a result, e-commerce sales had increased to $215 million in Q1 2021, a more than 39 percent increase over the same quarter in 2020.

As the COVID-19 epidemic spreads across the United States, supply chain and logistics operations are significantly impacted, particularly in the North America region. Retail, consumer goods, and industrial goods are just a few of the key industries in North America that have been severely impacted by the COVID-19 outbreak.

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Report Coverage:

Market Logistics Automation Market
Market Size in 2021 USD 55 Bn
Market Forecast 2030 USD 133 Bn
CAGR During 2022 – 2030 10.7%
Analysis Period 2018 – 2030
Base Year 2021
Forecast Data 2022 – 2030
Segments Covered By Component, By Function, By Organization Size, By Industry Vertical, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Daifuku Co., Ltd, Dematic Corp, Honeywell Intelligrated, Inc., Knapp AG, Jungheinrich AG, Mecalux, S.A., Murata Machinery, Ltd, SSI Schaefer LLC, Swisslog Logistics, Inc., Toshiba Logistics Corporation, and Vitronic Machine Vision, Ltd.
Report Coverage Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Customization Scope 10 hrs of free customization and expert consultation

Global Logistics Automation Market Growth Factors

The rising adoption of industry 4.0 is one of the key factors driving the growth of the global logistics automation market. The digitalization of several processes, as well as the widespread adoption of technologies such as block chain, the Internet of Things (IoT), augmented reality, and artificial intelligence (AI), is expected to bring about paradigmatic changes in the logistics and international transportation sectors in the coming years, creating new opportunities for those who can influence these technologies and widening gaps with sectors that fail to adapt to the new coexistence.

In addition, advancements in robotics technologies are also fueling the market demand. Robots are utilized to efficiently and quickly move things from one location to another. They eliminate the need for manual involvement in a variety of activities such as material handling and warehousing by automating laborious, uninteresting, and dangerous tasks. Then again, the increasing penetration of AI, IoT, big data, and machine learning technologies is one of the key aspects that will flourish the logistics automation sector with several growth prospects. However, the lack standardization and the requirement of high capital investment are some of the aspects that are hindering the market to grow with substantial rate.

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Global Logistics Automation Market Segmentation

The logistics automation market is divided into five categories: component, function, organization size, industry vertical, and geography. Based on components, the logistics automation market is divided into hardware, software, and services. Based on our analysis, the hardware segment achieved a substantial market share in 2021.

By function, the market is bifurcated into warehouse and storage management and transportation management. Large enterprises and SMEs are the splits of organization size segment. Large enterprises accumulated a bigger share in the organization size during the forecast period. However, the small and medium enterprises growing focus on automation to streamline their process is also expected to boost the demand for the logistics automation industry in the coming years.

The industry vertical segment is categorized as 3PL, aerospace and defense, chemicals, fast-moving consumer goods (FMCG), healthcare and pharmaceuticals, manufacturing, oil, gas, and energy, and retail and eCommerce. Among them, retail and eCommerce are one of the leading industries that require logistics automation as a process. With automated e-commerce systems, retailers can increase order fulfillment speed, improve order accuracy, and effectively administer an ever-increasing number of stock-keeping units. Order fulfillment rates can be 5 times faster than with manual systems.

Logistics Automation Market Regional Stance

North America, Asia-Pacific, Latin America, Europe, and the Middle East & Africa are the market’s regional segments. Based on regions, North America accounted for the majority of the shares in 2021 due to the presence of retail and ecommerce giants. In addition, the early adoption of technologies, decent presence of tech giants, and increased focus on automation across industries are also supporting the North American market. Europe, on the other hand, gained the second highest market share in the worldwide logistics automation industry owing to the presence of numerous key players in the region, such as Knapp AG and Swiss log. However, the Asia-Pacific region is likely to attain the fastest growth rate throughout the forecast period 2022 – 2030. The high growth in the region is attributed to the growing e-commerce industry, rising population, and increasing focus on the rapid adoption of automation technology in industries such as transportation, retail, and manufacturing, among others.

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Major Players

The logistics automation industry involves many key players. The top players presented in the report include Daifuku Co., Ltd, Dematic Corp, Honeywell Intelligrated, Inc., Knapp AG, Jungheinrich AG, Mecalux, S.A., Murata Machinery, Ltd, SSI Schaefer LLC, Swisslog Logistics, Inc., Toshiba Logistics Corporation, and Vitronic Machine Vision, Ltd.

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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