Physical Internet (PI) Market – Overview on Future Threats by 2032
The Physical Internet (PI) market industry is projected to grow USD xx.x Billion by 2032, exhibiting a CAGR of xx.xx% during the forecast period 2023-2032.
Shraddha Nevase
Physical Internet (PI) Market Overview:
It is projected that the physical internet market would increase significantly throughout the forecast period. The Transmission Control and Internet Protocols (TCP/IP) are only one example of how the Physical Internet is not merely a carbon copy of the concepts of the Digital Internet.
In terms of effectiveness and sustainability, the PI Market is without a doubt the most ambitious concept in transportation logistics. It symbolises a profound shift in logistics and freight transportation that will greatly improve the efficiency with which assets and resources are used. The PI is based on a thorough and methodical consolidation of the concepts of flow and network of networks. The total merging of logistical flows from many shippers is what The Physical Internet proposes (through enhanced pooling and shared networks, for example). The Physical Internet also recommends pooling resources and assets in open, connected, and shared networks (i.e., connecting existing (commercial) networks, capabilities, and resources) in order to create customer value so that network users and partners may make use of them with ease. It is anticipated that resource utilisation will be more effective if demand and resources are combined to satisfy that requirement.
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Key Players:
The leading companies in the worldwide market for physical internet are recognised according to their place of origin, presence in various areas, recent important innovations, product diversity, and industry concentration,
- com Inc. (United States)
- UPS (United States)
- AmeriCold Logistics LLC (United States)
- Mercedes-Benz Group AG (Germany)
- SF Express Co. Ltd. (China)
- Yamato Logistics Ltd. (Hong Kong)
- DHL (Germany)
- FedEx Corporation (United States)
- Velove Bikes AB (Sweden)
- MIXMOVE (Norway)
amongst other companies, are the primary competitors in the global Physical Internet market
Regional analysis:
Globally, Europe is anticipated to provide the greatest market share. Europe has been aware of and engaged in the growth of the physical internet since 2010. (PI). The Physical Internet was included into the freight systems of the Alliance for Logistics Innovation Through Collaboration (ALICE), which is funded by the European Union. The goal for a Physical Internet, which would replace current logistical techniques, is set for 2030 at the European level. It is anticipated that by 2040, 10 years from now, it will be fully functioning.
The rapid digital transformation, rising internet penetration, increased use of 5G & 4G LTE services, and other factors are expected to make Asia-Pacific the Physical Internet market with the quickest growth throughout the projection period. Asia also offers tremendous opportunity for growth and innovation in the physical internet (PI) business.
Market segmentation:
The physical internet market has been divided into several regions, types, components, sizes of organisations, and verticals.
The physical internet market has been divided into logistic networks and logistic nodes based on type.
The Physical Internet market has been divided into solution and services based on component. Additional divisions of the services section include planning and consulting, integration and deployment, and support and maintenance. The solutions market is further divided into the following subsegments: asset management, network management and security, warehouse management, transportation management, labour management, cold chain management, and others.
The Physical Internet market is divided into major companies and small and medium-sized enterprises (SMEs) based on the size of the organisation.
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The Physical Internet market has been divided into the following vertical markets: retail and e-commerce, logistics and transportation, healthcare and pharmaceuticals, manufacturing, FMCG, automotive, aerospace and military, and others.
Five geographical areas—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America—have each had their share of the worldwide Physical Internet market examined.
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