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Transportation Segment to Attain Higher Growth Rate owing to Rising Demand for Reliable Transportation Services to Deliver Products to Customers
In the E-commerce logistics market, the segment of transportation has proven to be a crucial component. It plays a significant role in ensuring that the products purchased online are delivered to their respective customers on time and in good condition. In 2022, this segment accounted for a significant revenue share, and this trend is projected to continue from 2023 to 2030. The transportation segment's growth is expected to continue and reach even greater heights. With the rise of major technologies such as drones, autonomous vehicles, and robotics, the transportation industry is set to undergo a significant transformation.
In the rapidly evolving world of e-commerce logistics, the Asia Pacific region established itself as the top-performing E-commerce logistics market in 2022, surpassing other growth and market share areas. As per the predictions by SkyQuest, the number of internet users is expected to reach an impressive 1,476.83 million users by 2028. This forecast indicates significant growth in the accessibility of the internet, not only in urban areas but also in rural regions. The increasing penetration of the internet in both these areas holds great promise for the growth of e-commerce businesses.
Domestic Segment to Garner Swift Growth Rate Thanks to Rapid Expansion of e-Commerce Platforms Requiring a Robust Logistics Network
The E-commerce logistics market has witnessed significant growth in recent years, fueled by the growing popularity of online shopping. However, in 2022, the domestic segment emerged as the dominant player in the market, and experts predict that it will continue to hold the leading position in the years to come. The domestic market segment refers to the movement of goods within a country from the seller to the buyer. This segment has seen tremendous growth due to the increasing number of online shoppers who prefer to buy products from the comfort of their homes.