From GlobeNewswire: 2024-05-17 20:00:00

The Global Virtual Warehousing Market is projected to grow from USD 32.2 billion in 2023 to USD 88.4 billion by 2033, with a CAGR of 10.63%. Virtual warehouses operate online, offering scalability, adaptability, and advanced data analytics. Training in data analysis and digital tools is essential to fully utilize the potential of virtual warehouses.

The cloud segment is expected to dominate the global virtual warehousing market due to automatic upgrades, enhanced security, and integration capabilities. The transportation & logistics sector is forecasted to experience the fastest growth, with real-time tracking solutions and automation technologies transforming warehouse operations.

Asia Pacific is projected to lead the global virtual warehousing market, followed by North America experiencing the fastest CAGR growth. The need for automated warehouse cycles to increase efficiency is driving the popularity of virtual warehouse systems. Major vendors in the market include Flowspace, Connect 4.0, Fieldmade, and Stockarea among others.

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Read more at GlobeNewswire: Global Virtual Warehousing Market Size To Exceed USD 88.4