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Third Party Logistics (3PL) Market Worth USD 925.31 Billion By 2020 : Radiant Insightd,Inc
San Francisco, Feb. 15, 2016 -- The global Third Party Logistics (3PL) Market is expected to reach USD 925.31 billion by 2020. Increased convergence on core competencies by outsourcing secondary business activities such as logistics is expected to drive the 3PL market over the forecast period.
Infeasibility in managing geographically dispersed supply chain operations as a result of increased globalization has led to several companies outsourcing their logistics function. Emerging trends such as Big Data and availability of industry-tailored 3PL services are expected to drive the market over the forecast period. Lack of internal control for addressing logistical challenges has led to increased outsourcing by wholesalers and retailers, thereby providing a fillip to the 3PL industry.
Browse Full Research Report With TOC On "Third Party Logistics (3PL) Market Analysis By Service (Dedicated Contract Carriage, Domestic Transportation Management, International Transportation Management, Warehousing And Distribution, Software) And Segment Forecasts To 2020" at: http://www.radiantinsights.com/research/third-party-logistics-3pl-market-analysis-by-service-dedicated-contract-carriage-domestic-transportation-management-international-transportation-management-warehousing-and-distribution-software-and-segment-forecasts-to-2020
Further key findings from the study suggest:
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3PL Service Outlook (Revenue, USD Billion, 2012 - 2020)
3PL Regional Outlook (Revenue, USD Billion, 2012 - 2020)
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Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy.Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.
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