Global Warehousing Market Size, Trends & Analysis - Forecasts to 2027 - Ken Research

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The Global Logistics and Warehousing market is segmented by End-User into Food and Beverages, Retail, Manufacturing, Automotive, Oil and Gas and Others includes Healthcare, Telecommunication and many more.

The largest end users of warehousing services include FMCG and Commodities (such as Steel, cement, etc.) industry which provides maximum revenue. These are followed by Agriculture, Electronic, Automotive, Pharmaceutical, etc. sectors. The pharmaceutical companies generally prefer their own warehouses due to the extra precautions measures needed.

Competition Scenario in Global Logistics And Warehousing Market

The Global Logistics and Warehousing Market are highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Logistics and Warehousing. Large global players constitute ~20% of competitors, while regional players represent the second largest number of competitors. Some of the major players in the market include Deutsche Post DHL Global, XPO Logistics, Ryder System Inc, NFI Industries Inc, Americold Logistics, FedEx Corporation, Lineage Logistics, NF Global Logistics Ltd, APM Terminals, DSV Panalpina AS, MSC Mediterranean Shipping Co. SA

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What is the Expected Future Outlook for the Overall Global LOGISTICS AND WAREHOUSING Market Across the globe?

The Global Logistics and Warehousing market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Logistics and Warehousing market is driven by in Road Freight Services, Improving Infrastructure and Rising Digital Innovations

Increasing infrastructural development, increasing foreign investments and booming e-commerce. The logistics industry is likely to witness entry of new players and new mergers and acquisition between the players. The growing demand of perishable products in the country will consequently augment the requirement for fast delivery impacting cold chain markets of UAE. In addition to this, increasing investments in the manufacturing sector aiming to promote economic diversification will pave a path of growth trajectory for logistics and warehousing market globally.

E-Commerce companies are heavily investing and building their warehouses in order to reduce a lead time of delivery. For instance, Amazon is building two more mega warehouses of 4.1 million-square-foot and 3.8 million-square-foot in Ontario, California, U.S. and in Loveland, Colorado, U.S. respectively. Moreover, in June 2022, company announced that, the company will invest $300 million to build 3.1 million-square-foot distribution center in Niagara, New York, U.S. Such development in the e-commerce industry has become a critical component to enhanced retail customer services and thereby drives the market for of warehousing and distribution logistics across the e-commerce industry during the forecast period.

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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• E-commerce Companies
• Third-Party Logistic Providers
• Potential Market Entrants
• Freight Forwarding Companies
• Warehousing Companies
• Cold Storage Companies
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities
  Time Period Captured in the Report
• Historical Period: 2017-2022
• Base Period: 2022
• Forecast Period: 2022-2027

Companies

Major Players Mentioned in the Report

• Deutsche Post DHL Global
• XPO Logistics
• Ryder System Inc
• NFI Industries Incb
• Americold Logistics
• FedEx Corporation
• Lineage Logistics
• NF Global Logistics Ltd
• APM Terminals
• DSV Panalpina AS
• Kane Is Able
• MSC Mediterranean Shipping Co. SA

For more insights on the market intelligence, refer to the link below:-

Global Logistics Market

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From Cold to Cutting-Edge: How Will Technology Shape Singapore's Cold Chain Market?

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From 2016 to 2021, Singapore cold chain market witnessed remarkable expansion fueled by the rising demand for processed foods and the emergence of opportunities in vaccine transport. But the journey doesn't stop there. Brace yourself for even greater growth as new and advanced technologies such as Warehouse Management Systems (WMS), automation, and the Internet of Things (IoT) make their mark on the Singaporean cold chain industry. Be at the forefront of this dynamic sector by delving deeper into the trends and opportunities that lie ahead.
Read more to uncover the future of Singapore's Cold Chain Market and seize the advantage.

1. Cold chain is a lucrative business in Singapore with high initial investment ensuring a constant return on a long-term basis

2. Majority of the companies operate on manual semi- automated technologies and are yet to adopt the modern technologies present in other developed markets

3. High operational costs, growing real estate cost, and food loss along the supply chain are some other major challenges that directly affect the cold chain market in Singapore

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4. But Cold chain industry is experiencing a new wave of technological developments which are essential for end users of cold storage services and for the organic growth companies

5. Further, Developments in supply chain operations and IoT- enabled temperature monitoring are advantageous to end users of cold storage services, and driving the growth of the sector

Some of the Intelligence Curated by Ken Research in Cold Chain Market Space:

• Global Cold Chain Market Outlook to 2027 Driven by Rising Import-Export Trade Volume and Domestic Consumption of Meat, Seafood, Fruits and Vegetable, the popularity of Ready to Eat frozen processed food
• Saudi Arabia Warehouse Automation Market Outlook to 2026 Bolstering Ecommerce Industry & Ambitious Government Plans for Digitalization to Pave Strong Grounds for Automation
• Philippines Logistics Industry Outlook to 2027F Driven by Infrastructural Developments, Technological Advancement and Government Support
• Indonesia Cold Chain Market Outlook to 2026F Driven by Rising Fisheries Industry & Convenience Food Consumption Owing to Growing Population and Infrastructural Development
• KSA Cold Chain Market Outlook to 2027F Driven By Increase in Retail Spending, Government Initiatives and Infrastructural Development

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Cold Chain Market in Singapore

Singapore Logistics Market will be valued over 40 Bn SGD in 2028. Will Singapore Logistics Market stand on this expected figure? Ken Research

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There are about 2,500 freight companies in Singapore with majority of them offering sea and road freight services in the country. Logistics Market in Singapore highly fragmented with highly competitive rivalry among the competitors. . Singapore logistics industry is catered by the domestic and international players and Singapore Post, CWT, YCH group are the top players offering Freight, Warehousing, Cold Chain and CEP services and many more compete on the basis of type of fleet, warehousing space, freight volume, clients, and more.

Checkout: Trends and Developments in Singapore Logistics Market

1. Technological Advancements Fostering Logistic Support

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Singapore Logistics Association (SLA) has begun piloting the use of Automated Guided Vehicles (AGVs) with local robotics firm Hope Technik in a third-party logistics (3PL) warehouse. It will help not only to reduce cost but also to minimize human errors and reduce time lags.

Exxon Forklift, Sectors:

This automated guided vehicle (AGV) forklift is a fully automated vehicle that is operated with a drive by wire system. In addition to being autonomous, the AGV forklift is also equipped with GPS, to navigate reliably to its intended destination and back.

The Last Mile Delivery (LLMD) is an autonomous mobile robot (AMR) equipped with a complex sensor suite. This technology focuses on efficiency and safety. For instance, in a hospital environment, the LLMD creates a ‘safety bubble’ while delivering medical and daily necessities to a patients as it does not require any human to human contact.

Line Picking Assembly (LPA) - With the aid of a robotic arm, the Line Picking Assembly (LPA) is a system designed to automate the handling of Horizontal Wafer Shipper (HWS) at both the pre and post auto packer stations in a wafer fabrication plant.

Click and Collect System- The Click and Collect System is a dedicated automated robot arm receiving area which places merchandise into designated ‘pigeon hole’ shelves for temporary storage to be retrieved at the patron’s convenience at a shopping mall.

2. Infrastructure Development is on rise in Singapore.

The development of logistics infrastructure, such as intermodal connectivity, logistics parks, and ports, is creating business opportunities. The government is also accelerating the development of Singapore’s public charging infrastructure for electric vehicles.

Singapore has always been a strong performer in the global logistics scene and is considered one of the world’s leading logistics clusters, thanks to its:

- world-class logistics infrastructure

- global connectivity

- efficient customs handling

- liberal taxation policies

- especially the rise of the ASEAN region as a new economic powerhouse, considering

its location in the heart of Southeast Asia and at the center of major shipping lanes.

The World Bank has ranked Singapore as the No.5 Logistics Hub amongst 160 economies

globally in the 2014 Logistics Performance Index.

In terms of its Air Logistics Sector, both of its “Quality of Air Transportation” and “Quality of Air Transport Infrastructure” have been ranked as No.1 in IMD1 «World Competitiveness

Yearbook 2013» and in World Economic Forum «Global Competitiveness Report 2013-2014»

respectively. On the other hand, its “Quality of Port Infrastructure” has been ranked No.2 by World Economic Forum in «Global Competitiveness Report 2013-2014.

Major Players Mentioned in the Report:

• Poh Tiong Choon Logistics Limited
• CWT Pte Ltd.
• CEVA Logistics Singapore Pte Ltd
• Geodis Singapore Pte Ltd1
• DHL Express (Singapore) Pte Ltd
• DSV
• Yusen Logistics (Singapore) Pte Ltd.
• YCH Group Pte Ltd
• Yamato Transport (S) Pte Ltd
• Federal Express (Singapore) Pte Ltd
• ACW Logistics Pte Ltd
• Singapore Post Limited
• Richland Logistics Services Pte Ltd
• Storbest SSHK Cold Logistics
• Global Cold Chain Solutions1
• ST Logistics

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:

• E-commerce Companies
• Third-Party Logistic Providers
• Potential Market Entrants
• Freight Forwarding Companies
• Warehousing Companies
• Cold Storage Companies
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report:

• Historical Period: 2019-2022
• Base Year: 2022
• Forecast Period: 2022-2028

For more insights on market intelligence, refer to the link below: –

Singapore Logistics Industry

Related Reports by Ken Research: –

USA Logistics Industry Outlook to 2026

Australia Logistics Market Outlook to 2025

With over 3,00,000 countrywide Malaria Cases as of 2019, GOI is expected to increase initiatives when it comes to Malaria eradication. Will be beneficial for the Untreated Mosquito Nets Market: Ken Research

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With over 3,00,000 countrywide Malaria Cases as of 2019, GOI is expected to increase initiatives when it comes to Malaria eradication. Will be beneficial for the Untreated Mosquito Nets Market: Ken Research

1. ‘Government to focus on disease eradication:’ Favorable Government Policies in order to eradicate malaria are driving the Untreated mosquito market.

Click to Read Full Article: India Untreated Mosquito Nets Market Outlook

Manipur government aims to achieve “zero malaria status” by 2021, 9 years ahead of the national target of eliminating malaria by 2030. Various states governments procure untreated and treated mosquito nets for distribution. It is considered a cheap and effective method of mosquito repellence. In 2017, 11 Mn long-lasting insecticidal nets (LLINs) were distributed in Odisha, enough to cover every resident in high-endemic regions of the state. In 2016, the state government started implementing a programme called Durgama Anchalare Malaria Nirakaran (elimination of malaria in inaccessible regions), or DAMaN.

2. ‘Contemporary demand increment:’ Increase in demand expected as the production capacity of Petrochemicals increases

In March 2017, production commenced for a petrochemical complex in Dahej PCPIR, by ONGC Petro additions Ltd (OPaL), a Joint Venture of ONGC, Gail and State Petroleum Corporation. Reliance Industries has commissioned a duel feed off gas cracker on January 2, 2018, at Jamnagar refinery with 1.5 million MT/year ethylene plant capacity. The new Jamnagar cracker will raise Reliance's total ethylene capacity to 4 million MT/year. Export of HDPe in 2017-18 amounted to INR 2000 crore and INR 8000 crore worth of HDPE was imported. As production of HDPE is expected to rise, it might push down prices of mosquito nets, causing an increase in demand. Use of other materials in production of mosquito nets is expected to further decline with respect to HDPE.

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3. ‘Steady growth but a long way to go:’ India untreated mosquito nets Market to witness a robust growth owing to favorable government policies & rising health consciousness in the market

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India untreated mosquito nets market is expected to witness a steady growth in toddler homes & camp nets with online market in the forecasted year. Moreover, consumers are expected to engage with mosquito net companies more than ever before in an attempt to adopt healthier lifestyles and build supporting communities. Even though the market is declining currently in urban areas, the market is expected to have a steady journey in Tier 2 & Tier 3.

Warehousing space in Riyadh has grown into 16 Mn sqm in 2022. Registering a growth rate of ~6%. Will KSA continue to support the warehousing Market in future? : Ken Research

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1. Saudi Vision 2030

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The expansion of the logistics Industry has been emphasized in Saudi Arabia's Vision 2030, a comprehensive strategy for economic diversification. The government wants to make the nation a hub for global logistics by luring foreign capital and creating a welcoming environment for storage and logistics businesses.

50% non-oil exports as percentage of GDP by 2030, up from 16% in 2016 has boosted need for warehouses in KSA.

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2. Warehousing space in Riyadh have even stayed resilient during COVID situation having space of 16.3 Million sqm in 2022 growing at the rate of ~6%

• • The majority of Riyadh’s existing stock is characterized by low quality space, with limited services and amenities that take the form of conventional sheds such as dry warehouses and also open yards.
  • With huge e commerce Market in Riyadh, companies such as Amazon are trying to increase their space improving their fulfillment centers in Riyadh.
  • Real estate developers are more inclined to build new stock based on confirmed demand, or according to the tenants' specifications i.e., built to suit warehouses in Riyadh.

Checkout: Major Players in KSA Warehousing Market

3. Trade and Industrial Growth boosting Warehousing Market in KSA

Saudi Arabia sits between three continents – Europe, Africa and Asia - giving it a unique advantage when it comes to the Asia-Europe trade routes and distributing goods through the Arabian Peninsula making it an attractive and an active hub for trade.

KSA's strategic location as a gateway between Europe, Asia, and Africa makes it an attractive hub for trade. The country has been actively promoting foreign trade and industrialization, attracting international companies to set up manufacturing facilities and distribution centers. This leads to an increased demand for warehousing services to support import, export, and local supply chains.

For more insights on market intelligence, refer to the link below: –

KSA Warehousing Market

Global Green Chemicals Market is expected to reach ~USD 17 Bn by 2028F: Ken Research

 Global Green Chemicals Market By Geography

The Global Green Chemicals market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Europe region accounted for the largest share of the global green chemicals market in 2022, due to the presence of key players in the region and the rising adoption of green chemicals across different industries.

The increasing focus on the production of green chemicals along with rising concerns regarding the impact of harmful chemicals on the environment, is expected to augment the growth of the region in the green chemicals market.

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Competition Scenario In Global Green Chemicals Market

The green chemicals market is highly competitive with ~200 players that include globally diversified players, and regional players as well as a large number of country-niche players having their niche in green chemicals.

Regional players comprise ~35% of the total number of competitors, while the country-niche players comprise the highest of the total number of competitors. Some of the major players in the market include Cargill, Incorporated, Mitsubishi Chemical Group Corporation, BASF SE, DuPont, DSM, Evonik, Plantic, Bayer Material Science AG, Verdant Law, and Arkema, among others.

What is the Expected Future Outlook for the Overall Global GREEN CHEMICALS Market Across the globe?

The Global Green Chemicals market was valued at USD ~10 billion in 2022 and is anticipated to reach USD ~17 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Green Chemicals market is driven by the rising concerns regarding the harmful impact of chemicals on the environment coupled with increasing awareness regarding green chemicals. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Green Chemicals market is changing rapidly. For instance, In September 2022, BASF SE announced a partnership with RiKarbon Inc., a technology start-up based in the USA. The partnership focused on the R&D activities of RiKarbon Inc. for new green emollients from bio-waste for personal care formulations.

In December 2021, Cargill, Incorporated acquired Croda’s bio-based industrial business for US$ 1.03 billion. The company aimed to expand its bio-industrial footprints to expand its greener ingredient solutions.

The global green chemicals market is forecasted to continue fast growth, primarily driven by the increasing demand for green chemicals in different industries and the scarcity of non-renewable resources. Furthermore, supportive government regulations for the use of green chemicals is expected to fuel the growth of the market. Though the market is highly competitive with ~200 participants, regional players control the dominant market share.

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Key Topics Covered in the Report

• Snapshot of the Global Green Chemicals Market
• Industry Value Chain and Ecosystem Analysis of the Green Chemicals Market
• Market size and Segmentation of the Global Green Chemicals Market
• Historic Growth of the Overall Global Green Chemicals Market and Segments
• Competition Scenario of the Green Chemicals Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Green Chemicals Industry
• Overview, Product Offerings, and Strategic Developments of Key Competitors
• COVID-19 Impact on the Overall Global Green Chemicals Market
• Future Market Forecast and Growth Rates of the Global Green Chemicals Market and by Segments
• Market Size of End-User/End-User Segments with historical CAGR and Future Forecasts
• Analysis of the Green Chemicals Market in Major Regions
• Major Production / Consumption Hubs in the Major Regions
• Major Production/Supply and Consumption/Demand Hubs in Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Green Chemicals Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Mentioned in the Report

• Cargill, Incorporated
• Mitsubishi Chemical Group Corporation.
• BASF SE
• DuPont
• DSM
• Evonik
•  Plantic
• Bayer Material Science AG
• Verdant Law
• Arkema

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Notable Emerging Companies Mentioned in the Report

• Bio-Kleen Products, Inc.
• Palmer Industries, Inc.
• Thermafiber, Inc.
• Vertec BioSolvents Inc.
• Total Corbion PLA

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Green Chemicals Manufacturers
• Chemical Manufacturers
• Bio-Alcohol Manufacturers
• Packaging Manufacturers
• Research & Consulting Firms
• Research and Development Associations
• Investment Banking & Financial Institutes
• Research & Development Institutes for Green Chemicals
• Green Chemicals Providers
• Green Chemicals Research Organizations
• Green Chemicals Suppliers
• Investors in Green Chemicals Start-ups
• Green Chemicals Distributors
• Government Ministries and Departments of Chemical Industry
• Chemical Industry Regulatory Bodies

Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

For More Insights On Market Intelligence, Refer To The Link Below: –

Global Green Chemicals Market

The Global Biopharmaceuticals Market is projected to reach over USD 640 Mn by 2027. Will the market achieve a decent size during the forecasted period? Ken Research

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1. Increasing demand for market innovation in respiratory Devices market is driving companies to seek innovation in their new launches.

Major Developments in Global Biopharmaceutical Market

The number of diagnoses with various chronic diseases is growing with each passing year. Every year, many people globally experience disability or death. Cardiovascular diseases, cancer, diabetes & arthritis are considered to be major diseases by Centre for Disease prevention & control. According to the same source, an estimated 859000 Americans die yearly. As mentioned above, the growing incidence of chronic diseases among people promotes the need for biopharmaceuticals & results in market growth.

2. Development of a strong vaccine against COVID has resulted in huge market opportunity for Biopharmaceutical Market globally.

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The continuing COVID-19 outbreak is projected to have impact on pharmaceuticals sector. The majority of pharmaceutical firms are working hard to produce vaccines against SARS-COV2. Traditional vaccines such as attenuated & inactivated vaccines are amongst the choices. However, sophisticated protein vaccines, RNA, DNA comprise majority of vaccine candidates. Over the course, this factor is projected to raise the demand of biopharmaceuticals market.

Key Target Audience:

• Government
• Hospitals
• Clinics
• Others

Companies Covered:

• Johnson & Johnson
• Pfizer
• Novartis
• Merck & Co
• Amgen
• Bayer
• Roche
• Cipla

Time Period Captured in the Report:

• Historical Period:2017- 2022
• Base Year: 2022
• Forecast Period: 2022-2027

For more insights on market intelligence, refer to the link below: –

Global Biopharmaceuticals Market

Related Reports by Ken Research: –

Australia Pharmacy Retail Market Outlook to 2025

Brazil Pharmaceuticals Market Outlook to 2025

India Social E-Commerce Market is anticipated to reach INR 15 Cr by FY’25- Which factors will help the industry attain the set targets?

 Innovations in the product mix with special focus towards sustainability will help in growing the market with a positive CAGR of >30%, says a report by Ken Research

1. Increased Number of Users and Time Spent on Social Media Accounts Amidst Lockdown Led

 to Demand For Social Ecommerce

                            

Recent Developments in Industry due to Growth Driver

 

In the first week of lockdown, Indians spent >4 hours every day on social media that is a 87% increase from a week before lockdown and on an avg 280 mins per day which was 150 mins before the lockdown period. The survey mentioned that 75% people were spending more time on Facebook, Twitter and WhatsApp compared to the week before lockdown and as a result were more proactive on whatsapp groups.

Example: Meesho joined the grocery delivery space to increase the reach of retailers selling essential products and ensure a continuous supply chain, considering it to be a long term growth segment.

2. Growth driving factors such as Internet Connectivity & Digital Adoption is driving demand in market.

                              

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• Being major growth drivers in the country, ~840 Mn people would have access to the internet & about 60% of the Indian population would own smart phones by 2022
• Shifting of preference from Facebook towards other platforms for short form video content, such as YouTube, TikTok & Instagram wherein 92% internet users of age 16-64 watch online videos each month.
• Shifting of preference from Facebook towards other platforms for short form video content, such as YouTube, TikTok & Instagram wherein 92% Internet Users of age 16-64 watch online videos each month.
• Increasing number of people through the most traditional form of advertising e., word of mouth, enabling rising social media interactions on Facebook & WhatsApp.

3. Funding Wave in Indian Social E-Commerce Start-Ups driving demand for market.

                         

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• Facebook made investment of ₹ 176 Cr. in Meesho, the only indian company that has secured no. 14 spot on fast company 2020 global mic list.
• Highest funding raised in August 2019, Meesho raised ₹ 880 Cr in a Series D round from Naspers.
• In Oct 2019, Deal Share raised ₹ 77.44 Cr. from Matrix Partners and Falcon Edge Capital, with participation from Omidyar Network, and DST Global.
• Glow Road in May 2019, the start-up raised USD 11.5 Mn in a Series B round. The investment is raised from Korea Investment Partners & Singapore-based Vertex Ventures wherein it plans to utilise the capital in expanding its seller network and crossing 100K transactions per day.

 

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In South Korea, 2 Mn Digital Locks Were Sold In 2022. Will South Korea Encourage The Market For Digital Locks To Ensure That This Number Keeps Rising In The Future? : Ken Research

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1. High Population Density and Urbanization in South Korea

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There is high demand for digital locks in South Korea due to the country's high population density (516.3) and urbanization (81.4%). Residential apartments in Songdo and Sejong whereas hotels in Seoul and Busan prefer digital locks for convenience and security.

Increasing Urbanization

The increasing urbanization in South Korea is driving the demand for digital locks in residential and commercial properties. The urban population in South Korea is expected to reach 92.0% by 2050, driving the demand for smart home technology and advanced security solutions.

Click to know: Trends and Developments in South Korean Smart Lock Market

2. Rapid Technological Advancement in Smart Lock Industry.

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With the rapid development of new technologies, digital lock manufacturers need to stay up-to-date with the latest trends and incorporate them into their products to remain relevant. Samsung SDS has been incorporating biometric authentication methods – fingerprint, facial and voice recognition, into their digital locks to improve security and convenience for their customers. They have developed mobile apps that allow users to control their locks remotely and receive alerts. Samsung SDS is continuously updating its software to ensure compatibility with the latest devices and operating systems.

Biometric Authentication

• Digital lock manufacturers in South Korea are incorporating biometric authentication methods like fingerprint scanning, and facial recognition into their products.
• Gateman, a South Korean company that specializes in biometric locks. Gateman V20 features fingerprint and password authentication, as well as a tamper alarm and automatic locking.

For more insights on the market intelligence, refer to the link below:-

Digital Locks Market South Korea

KSA E-Learning Market is anticipated to grow with a CAGR of 20% by 2025- Which factors will help the industry reach its targeted growth? Ken Research

 The content services segment in Saudi Arabia E-learning market was observed to capture about 60% market share in terms of revenue in the year 2020, says a report by Ken Research

1. Issues and Challenges in Saudi Arabia E-Learning Market

                        

Challenges faced in E-Learning Market

The Expertise in learning tools and the smooth functioning of technologies are the major technical side of the e-learning process. Any disconnection during lectures, browsing, sending and receiving material, caused by technical problems, is a big challenge to e-learning institutions. This disruption forces the user to go back to ‘previous page’, and that may cause data loss.

Creating a course on a digital platform is costly and time-consuming. A typical, well-designed, self-paced course can take up to 160 hours of development time for a one-hour discussion session. The average cost per hour can reach up to USD 160.0 which brings the price of creating one self-paced course to almost USD 26,000. The LMS service also includes the SLA, License cost and other cost which makes it quite expensive.

2. Trends and developments in Saudi Arabia E-Learning Industry- Benefits of LMS.

                       

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There has been a significant growth in the adoption of learning management systems (LMS) in both education and commercial sector of the Kingdom. With the development of e-learning systems, LMS has become a reliable means of teaching and training. Entities offering e-learning services in the country have focused on software application for administration, documentation, tracking, reporting and delivery of educational courses or training programs. LMS is mostly adopted by the higher education universities & multi-national companies operating in Saudi Arabia.

3. Decision making criteria before buying content services in Saudi Arabia.

                                     

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The end users pay high importance while selecting an e-learning company looking at the costing of the courses and the content to be delivered in the courses.

The greater extent of customization leads to the expansion of customer base along with enhancing the experience of the users.

Clientele is another parameter considered by the corporate sector, universities and schools while selecting the content company to build trust on the company and check their credibility.

The preference of the domestic population to read books in Arabic languages makes it crucial for the service provider to offer e-learning services in regional language as well.

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