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E-Commerce Fulfillment Services Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global E-Commerce Fulfillment Services Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global E-Commerce Fulfillment Services Market `is offered. In accordance with the report, the global E-Commerce Fulfillment Services Market is projected to expand at a CAGR of 6.2% over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
With the rise of e-commerce industry, many consumers prefer to shop on online platforms as compared to in-store shopping owing to various benefits like costing, variety of choice, lead time, convenience etc. A fulfillment center is perfect for dealers that do not have their own warehouse to store their inventories, and do not want to invest additional in shipping.
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E-commerce platform must ensure that as soon as the order is placed to when it is collected, loaded and distributed, every step in the process must be handled with utmost efficiency, consistency and ensure cost-effectiveness. Location or place of fulfillment center is of strategic importance to e-commerce companies. There are many advantages while we avail services of E-Commerce Fulfillment service like no minimum order volume or extra fees for smaller order, month to month charges, long term contract with end-users not required, in addition to some solid automation features due to technological advancement in IT sector. E-commerce fulfillment service also integrate with several online shopping carts and marketplace. The major drivers that drives the global e-commerce fulfillment service market in the forecast period is the growing adoption of fulfillment strategy including increase in buyer maturity and willingness to partner with suppliers. Also, many suppliers are now enhancing their services by adopting metrics to measure performance. However, the higher level of competition due to increasing number of companies offering e-commerce fulfillment services will hinder the growth of this market in coming years.
With increase in internet penetration and growth prospects offered by untapped markets in the region, the region of Asia Pacific is expected to dominate the global E-Commerce Fulfillment Services Market in the future years. With the presence of key market participants in the region of USA, like Amazon, Shipfusion etc. the region of North America is also expected to exhibit high CAGR in the forecast period. To fulfil consumer demands towards service, lead time and shipping cost, key service providers are focusing on shortening the delivery cycle along with providing additional services like click and collect services and easy return/exchange policy. They are also improving their service facilities through mergers & acquisitions and expansions to accomplish contracts from large buyers. For e.g. Logwin extended its network in South America by configuring its own branch in Bagota Free Zone. Furthermore, with the introduction of micro-fulfillment, the pain of travelling to warehouse situated at outskirts of the city, enabling speedy last-mile delivery by turning personal garages into company storage spaces. For e.g. With the adoption of micro-fulfillment methodology, Amazon and Walmart’s selling point of under 2 days delivery for free is achievable.
This market intelligence report on the global E-Commerce Fulfillment Services encompasses market segments based on service type, application, and country/regions.
In terms of Service Type, the global E-Commerce Fulfillment Services Market is segregated into
By Application, the global E-Commerce Fulfillment Services Market is also classified into,
By country/region, the global E-Commerce Fulfillment Services Market has been divided into
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