LOGISTICS EXECUTION SYSTEM (LES) MARKET ANALYSIS
On the basis of region, the global logistics execution system market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Asia Pacific region is estimated to hold a dominant position in the global logistics execution system market in 2019, and is projected to retain its dominance throughout the forecast period. This is due to growing industrialization and urbanization in emerging economies in Asia Pacific such as China and India which is driven by availability of low-wage labor and low manufacturing costs. The highest share of Asia Pacific in global logistics market is attributed to the above factors, and the regional market is followed by North America and Europe. The expanding logistics market in Asia Pacific poses a high growth potential for the logistics execution system market in the region. For instance, according to Indian Brand Equity Form (IBEF), in 2018, the Indian logistic sector was valued at US$ 160 billion and is expected to touch US$ 215 billion in the next two years according to the Economic Survey 2017-18.
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