China Digital Warehousing Development Report (2024) was released. According to the report, the scale of China's warehousing and logistics market has been expanding in recent years, and with the continuous development and application of technologies such as the Internet of Things, big data, cloud computing and artificial intelligence, the development potential of digital warehousing is huge.
According to the report, in recent years, the market size of China's warehousing industry has increased from 88.29 billion yuan in 2019 to 153.35 billion yuan in 2023, with an average annual compound growth rate of 14.8%, and the scale of the warehousing and logistics market has continued to expand. With the vigorous development of e-commerce, the warehousing industry has ushered in unprecedented development opportunities, and the continuous development and application of technologies such as the Internet of Things, big data, cloud computing and artificial intelligence have also promoted the digitization process of the warehousing industry, and the market demand for the digital warehousing industry is constantly increasing.