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Strategic Analysis of Logistics Technologies Market in India with the Market Set to Grow by 19.8% to 2015 and Cross $600 Million |
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[01/25/11]
Research and Markets has announced the addition of Frost & Sullivan's new report "Strategic Analysis of Logistics Technologies Market in India" to their offering.
This research service provides a comprehensive analysis of the total logistics technologies market in India, with a focus on five leading logistics technologies which represent a lion's share of the entire market. The technologies discussed include Bar Code, RFID, WMS, TMS and GPS. The current market revenues and forecasts for each of these technologies along with their respective drivers and restraints have been provided in the study. Further a brief competitive analysis and an overview of end-users for each technology segment has been provided. A few key trends and details about pricing of the technologies wherever available have been provided
Research Overview
This Frost & Sullivan research service titled Strategic Analysis of Logistics Technologies Market in India provides an in-depth analysis of the market drivers and restraints, industry trends, and competitive environment in addition to the challenges and issues faced by market participants. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: barcode, RFID, warehouse management systems (WMS) and transport management systems (TMS), and global positioning systems (GPS) vehicle tracking solutions.
Market Overview
Burgeoning Retail and Manufacturing Segments Stoke Growth in the Logistics Technologies Market in India
India's logistics technology market is growing steadily, with the upswing in demand from the thriving logistics, retail, and manufacturing sectors, as well as government promotion. As the booming manufacturing and retail sectors are the major users of these technologies, sustained demand from these areas is ensured. For instance, Wal-Mart has made it mandatory for its suppliers to deploy RFID. Growth of India as a major sourcing nation for the worlds leading retailers is also ramping up demand. Until recently, the logistics industry was highly unorganized, comprising predominantly medium- and small-sized logistics service providers (LSPs), notes the analyst of this research service. However, the trend is changing with the increase in number of organized LSPs and improvement in the services offered by them through third party logistics and fourth party logistics. The Government has played a supportive role by introducing the Goods and Services Tax (GST), enabling seamless credit across the entire supply chain. To obtain the cutting edge in the market, companies are adopting these technologies to improve supply chain management. India's logistics technology market is set to grow at 19.8 percent between 2010 and 2015 to cross $600 million.
Although the prospects for the market look upbeat, there are some challenges preventing forward momentum. Technologies such as RFID, WMS, and TMS are significantly expensive, making them unaffordable for a majority of LSPs and end users. This has deterred the growth of the logistics technology market. The import duty on RFID hardware is high, further increasing the final price of the already expensive technology solution. The price-sensitive nature of the Indian consumers prevents them from opting for such technologies.
To remain competitive in this marketplace, WMS and TMS providers must offer customized software, keeping price sensitive Indian consumers in mind, says the analyst. Building awareness among LSPs and end users on the tangible benefits these solutions confer is essential. The use of 2D barcoding is steadily rising and 3D barcoding is expected to gain prominence in the near future. Participants in this space must target these lucrative areas and fine-tune their strategies to cash in on the opportunities that abound in this market.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
Barcode and RFID
Transport management systems (TMS) and warehouse management systems (WMS)
Global positioning systems (GPS) vehicle tracking solutions
Key Topics Covered:
1. Executive Summary
2. Total Logistics Technologies Market Analysis
3. Barcode Market Analysis
4. RFID Market Analysis
5. Global Positioning System (GPS) Market Analysis
6. Warehouse Management System (WMS) Market Analysis
7. Transport Management System (TMS) Market Analysis
8. Other Emerging Logistics Technologies
9. Key Conclusions and Recommendations
10. Database of Key Industry Participants
For more information visit www.researchandmarkets.com/research/71a5b0/strategic_analysis
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RFID Component Encoder
A library for Visual Studio and other .NET development environments that enables printing of barcodes and encoding of RFID smart labels and tags at the same time.
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RFID/Barcode Printers
Offers high speed, dedicated thermal bar code label and card printers. Serial and parallel ports are provided on some of the printers listed, and some have USB and Ethernet interfaces.
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