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The public warehousing market size is forecast to increase by USD 59.14 billion at a CAGR of 5.6% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. The rising number of small and medium-sized enterprises (SMEs) is one of the primary growth factors, as these businesses increasingly rely on third-party logistics providers for cost-effective and flexible warehousing solutions. Another trend influencing the market is the rise in automation and implementation of smart warehousing solutions, which enhance operational efficiency and reduce labor costs with IoT. However, the shortage of skilled labor remains a significant challenge for the market, as warehouses require a workforce capable of operating advanced technologies and managing complex logistics operations. To mitigate this challenge, companies are investing in training programs and partnerships with educational institutions to develop a skilled workforce.
Overall, the market is expected to witness steady growth in the coming years, driven by these key trends and challenges.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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