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Strategic Analysis of Logistics Technologies Market in India
Frost & Sullivan, Dec 2010, Pages: 108
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, radio frequency identification (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 world’s 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 radio frequency identification (RFID)
- Transport management systems (TMS) and warehouse management systems (WMS)
- Global positioning systems (GPS) vehicle tracking solutions
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