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How Fast is the Smart Logistics Market Growing?

The global smart logistics market, valued at $30.6 billion in 2022, is projected to reach $201 billion by 2032, driven by a robust 20.7% CAGR. The sector has experienced rapid growth, with a 19.1% CAGR from 2017 to 2021, reflecting the increasing integration of smart technologies and digitization. Key drivers include the rise of e-commerce, smart warehouses, and advanced transportation systems. However, challenges such as a lack of industry standardization and high implementation costs could hinder growth.

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How Fast is the Smart Logistics Market Growing?

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