Digital Logistics Market Potential Effect on Upcoming Future Growth, Competitive Analysis and Forecast 2029
Digital Logistics Market size was valued at USD 25.36 Bn. in 2022 and the total Digital Logistics revenue is expected to grow by 21.5% from 2023 to 2029, reaching nearly USD 99.16 Bn.
Digital Logistics Market Overview:
The Digital Logistics Market Report from Maximize Market Research presents clients with a comprehensive assessment of the global market landscape, offering a detailed perspective. Covering the trends from 2022 to 2029, with 2021 as the foundational year, the report is a valuable resource for making crucial business decisions, drawing on the abundant information presented within the study.
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Digital Logistics Market Dynamics:
Huge increase in the e-commerce industry driving the market growth
The rise in online purchasing and the number of Internet users have driven the e-commerce industry's exponential growth over the last decade. Because of the increase in e-commerce activity, logistics providers must function more quickly and effectively to execute tiny individual requests. Customers who shop online anticipate order accuracy, same-day or same-hour delivery, and free returns. E-commerce businesses are looking for methods to cut order delivery times and operational expenses.
Transparency, cost, convenience, and speed in delivery, as well as attractive frictionless returns, are all driven by the e-commerce business. To meet this need, new business models and solutions must be developed through digitizing logistics operations, automating material handling systems, warehouse management systems, and distribution management systems. This has resulted in speedier and more diverse fulfillment services, particularly in terms of last-mile delivery alternatives and smooth returns processes.
Digital Logistics Market Regional Analysis:
North America (the United States, Canada, and Mexico), Europe (Germany, France, the United Kingdom, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, and Colombia), the Middle East, and Africa have all been researched (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). The Digital Logistics research provides regional competitive situations. These insights assist Digital Logistics market participants in improving tactics and creating new chances to achieve extraordinary results.
Digital Logistics Market Segmentation:
Because operating costs have decreased, the tracking and monitoring system sector held the highest share of 35% in 2022 and is predicted to rise significantly during the projection period. GPS tracking software can be used by fleet management to determine who is misusing a vehicle or taking unproductive routes. In addition to addressing issues related to driving, it will give a precise breakdown of the hours that drivers have claimed. Controlling a company's technology—hardware, networks, communications, operating systems, and apps, among other things—allows monitoring systems to assess how effectively it performs and analyses its operation while also spotting possible problems and sending out alerts.
In 2022, the market was dominated by the IT and telecom sector, which held the biggest share according to Industry Verticals. Customers can enjoy ultra-low latency and extremely high bandwidth for effective data transfer and analysis with the commercial deployment of the 5G delivery system. This is anticipated to incentivize businesses to embrace MEC practises. New low-power solutions for IoT systems and networks are also being developed by IT hardware and software companies; these are expected to increase sales and provide new revenue streams. For instance, AT&T Inc. has started providing its clients with MEC-based products, services, and solutions in accordance with their unique demands and specifications.
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Digital Logistics Market Key Players:
1. JDA Software 2. Oracle Corporation 3. Samsung Electronics Co 4. SAP AG 5. Advantech Corportion 6. Digilogistics 7. Hexaware Technologies 8. IBM Corporation 9. UTI Worldwide Inc 10. Mindtree 11. PartnerTech 12. Digistics 13. Syntel, Inc. 14. REICHHART Logistics Group 15. Tech Mahindra Limited 16. STAR COOPERATION GmbH 17. AT&T 18. Intel 19. HCL Technologies Limited 20. Huawei Technologies Co., Ltd 21. Honeywell
Table of content for the Digital Logistics Market includes:
Part 01: Executive Summary
Part 02: Scope of the Digital Logistics Market Report
Part 03: Global Digital Logistics Market Landscape
Part 04: Global Digital Logistics Market Sizing
Part 05: Global Digital Logistics Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key Questions Answered in the Digital Logistics Market Report are:
- What is Digital Logistics?
- What is the expected CAGR of the Digital Logistics market during the forecast period?
- What are the global and regional trends in the Digital Logistics Market?
- What are the major challenges that the Digital Logistics Market could face in the future?
- How is the intervention from regulatory authority is shaping the Digital Logistics Market?
- What growth strategies are the players considering to increase their presence in Automotive Relay Market?
- Who held the largest market share in Digital Logistics Market?
Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments, sub-segments and region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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