Digital Logistics Market Analysis
The digital logistics market will touch USD 19 billion at an 11% CAGR in the forecast period 2017- 2023, as per the new Market Research Future (MRFR) analysis. Digital logistics solutions, simply put, is a process to make logistics smarter, through the help of different digital technologies. In fact the use of advanced communication and technology in logistics that helps to cut down operating costs, improves the overall efficiency, enhances supply chain, and offer customer-centric solutions, is known as digital logistics.
Various factors are fuelling the digital logistics market share. As per the recent MRFR market estimates, such factors include the large volume of data and improved logistics operations, the increasing demand for digital technology, increasing use during the COVID-19 pandemic, growing e-commerce industries, and increasing number of partnerships.
On the contrary, slow adoption of digital logistics solution owing to high capital investment and lack of uniform governance standard in the fragmented logistics industry may deter the digital logistics market growth over the forecast period.
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Digital Logistics Market Key Players
- Tech Mahindra (India)
- SAP SE (Germany)
- Oracle Corporation (U.S.)
- Samsung Group (South Korea)
- HCL Technologies Limited (India)
- Advantech Co. (Taiwan)
- International Business Machines Corporation (U.S.)
- Huawei Technologies Co., Ltd. (China)
- JDA Software Group, Inc. (U.S.)
- Hexaware Technologies (India)
Digital Logistics Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global digital logistics market based on verticals, applications, and component.
Based on Components:
Solution:
- Asset Management
- Warehouse Management
- Data Management and Analytics
- Security
- Network Management
Services:
- Planning and Consulting Services
- Deployment and Integration Services
- Support and Maintenance
Based on Vertical:
- Retail and eCommerce
- Manufacturing
- Pharmaceuticals and healthcare
- Aerospace and Defense
- Automotive
- Energy and Utilities
- Others (includes IT, telecom and chemicals)
Based on Applications
- Labor management
- Transportation management
- Warehouse management
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Based on Organization Size:
- Large Enterprises
- SMEs
Based on Deployment Mode:
- Cloud
- On-premises
Digital Logistics Market Regional Analysis
By region, the global digital logistics market revenue covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America and the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. Increasing penetration of digital systems and technologies like electronic data interchange and radio frequency identification, increasing adoption in automotive, defense, healthcare, and other industries, increasing demand for digital and mobile communication, and growing use for real-time location access, movement of assets and delivery notifications are adding to the global digital logistics industry growth.
In Europe, the global digital logistics market is predicted to have the second-largest share over the forecast period for the increasing use of next generation of cloud services.
In the APAC region, the global digital logistics market is predicted to grow at a fast pace over the forecast period. Increasing penetration of internet connectivity, booming e-commerce industry, growing transportation business, the expansion of business in untouched areas, developing regional e-commerce sector, the adoption of newer technologies, increasing global competition, increasing penetration of smart devices and connected machines, high economic growth in Vietnam, China, and India, and increasing investments in smart cities are adding to the global digital logistics market growth in the region. India, Japan, and China have the utmost market share.
In RoW, the global digital logistics market is predicted to have sound growth over the forecast period.
Key Points Covered in the Report:
- The Digital Logistics research assesses the industry’s share in terms of demand and supply, as well as volume.
- The study mentions the market share acquired by each product category in terms of consumption value and volume.
- The report meticulously discusses financial records of cumulative sales and overall income gathered by each product category.
- The study includes information on the major organizations’ sales, product pricing methods, revenue shares, and gross margins.
- The operational base of the listed enterprises throughout many locations, as well as their distribution methods, is considered.
- There is also information on the market concentration ratio, partnerships, alliances, acquisitions, new rivals, and other significant changes.
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