According to a comprehensive research report by Market Research Future (MRFR), “Physical Internet (PI) Market: By Type, By Component, By Organization Size, By Vertical —Forecast Till 2030”, the market is predicted to thrive substantially during the assessment era from 2022 to 2030 at a healthy CAGR ~ 13.1% of approximately to attain a valuation of around ~USD 15.01 Billion by the end of 2030.
Physical Internet (PI) Market Overview:
According to MRFR analysis, the global Physical Internet (PI) market is expected to register a CAGR of ~ 13.1% from 2021 to 2030 and hold a value of over ~USD 15.01 billion by 2030.
Physical Internet (PI) Market Competitive Analysis:
The list of leading contributors across the global market for Physical Internet (PI) Market includes companies such as:
- SF Express Co. Ltd. (China)
- Yamato Logistics Ltd. (Hong Kong)
- DHL (Germany)
- FedEx Corporation (US)
- Velove Bikes AB (Sweden)
- com Inc. (US)
- UPS (US)
- AmeriCold Logistics LLC (US)
- Mercedes-Benz Group AG (Germany)
- MIX MOVE (Norway)
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Physical Internet Market size is expected to experience substantial growth during the estimated timespan The Physical Internet is enthused by the ideas of the Digital Internet, thus it is not just a carbon copy of its parts, such as the transmission control and Internet protocols. This is grave since there are substantial disparities between data packets on the digital side and packages and freight on the physical side, as well as substantial variances between organizational levels. The Physical Internet differs from the Internet of Things (IoT), which is considered the connectivity of physical things to the Digital Internet. Having said that, the IoT may be a Physical Internet enabler by enhancing the discernibility and management of items beyond a company’s information systems. The Physical Internet is about connecting the world’s logistic networks, defining a novel opportunity for supply chain design and operations by enabling seamless open asset distribution and flow consolidation, and meeting society’s demand for physical objects with orders-of-magnitude better efficiency and sustainability owing to improved economies of scale and scope.
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Regional Analysis:
Europe is anticipated to contribute the largest market share across the globe. Europe has been conscious and vigorous in the development of the physical internet (PI). The European Union-supported Alliance for Logistics Innovation Through Collaboration (ALICE) involved the Physical Internet in its freight systems.
Asia-Pacific is expected to be the fastest-growing market in the global Physical Internet market during the estimated period mainly due to the rapid digital transformation, growing internet penetration, increasing adoption of 5G & 4G LTE services, and others. Additionally, Asia has huge potential for development and innovation in the physical internet (PI) market.
Market Segmentation:
The global Physical Internet (PI) market has been segmented into component, and vertical
Based on components, The global Physical Internet (PI) market has been segmented into solutions and services. The services segment is further segmented into planning and consulting integration and deployment, and support and maintenance. The solutions segment is further segmented into asset management, warehouse management, transportation management, workforce management, cold chain management, data management and analytics, network management and security, and others.
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Based on vertical, The global Physical Internet (PI) market has been segmented into retail and e-commerce, transportation and logistics, pharmaceuticals and healthcare, manufacturing, FMCG, automotive, aerospace and defense, and others.
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