Asia-Pacific’s digital economy has experienced drastic growth in recent times. India and China are the fastest-growing e-commerce marketplaces, driven by demographic profiles, increasing internet penetration, and excellent economic performance. The region’s startup ecosystem is growing at an exponential rate, owing to the favorable FDI policies, government incentives, as well as internet initiatives by market players. For instance, in India, 100% FDI is permitted in B2B e-commerce under the automatic route, presenting ample growth opportunities for business with e-commerce.
Rapidly growing e-commerce in the region, supported by increasing consumer disposable income, is a significant driver for logistics, marking a vital point of differentiation between market players aiming for speedy and accurate delivery. The growing logistics and distribution sectors are prompting the owners to use parcel sortation systems to provide better customer service.
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Impact of COVID-19
The COVID-19 outbreak is expected to take a significant toll on the market due to disruption in the global supply chain, which may take a longer time to recuperate. Overall the e-commerce business is sluggish, and the construction of new distribution centers, warehouses, and airports is stalled, which are the primary end-users of parcel sortation systems. All these factors are likely to impact the market.
Parcel Sortation System Market: Segmentation
Central and South America and the Caribbean
The Middle East
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast PeriodsView Full Report Buy This Report Now