NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2011/07/22 - With increasing IT penetration and rapidly growing economy, 3PL market in IT industry is forecasted to surge at a CAGR of 20% during 2011-2013, says RNCOS - RNCOS.com.
According to our research report,“3rd Party Logistics Market in India”, IT industry has been continuously supporting the growth of 3PL market in India. The industry along with automobile is responsible for the increasing acceptance of logistics services outsourcing in the country. Moreover, with increasing penetration of IT players and rapid growth in economy, we expect that the 3PL market in IT industry will surge at a CAGR of around 20% during 2011-2013.
Our ongoing research explored that the IT industry in the country is mainly dominated by foreign players, who have replicated their outsourcing in logistics services in India. Besides, rapidly growing economy has augmented the increased penetration of IT services in each sector including manufacturing, telecom, power, and banking, etc. Additionally, various key catalyst factors are also discussed in the report which provides the market dynamics and future prospects of growth in the industry.
Moreover, other segments, such as Retail, FMCG, Consumer Electronics & Durables, and Auto & Auto Component etc. mentioned in the report, also offers huge untapped opportunities for the industry players.
The ongoing research even provides details on the warehousing and cold storage industry in the country and it is indicative from our analysis, that these sectors are attracting the attention of both private players and the government as well. Additionally, state-wise warehousing and cold chains and upcoming infrastructural development at the regional front are also covered in the report. Major industry trends all set to prevail in coming years is discussed in the report along with future potential of the market.
“3rd Party Logistics Market in India”, also covers mode-wise freight movement in the logistics industry and found that railways and roads are the major contributors to the freight movement. The respective regulatory bodies for air and sea transport have taken some major steps to improve the supply-chain management, which are also discussed in the report. Special emphasis has been given to the competitive landscape to enable clients understand the market structure and growth potential in the coming years.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.