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Global Digital Logistics Market Growth (Status and Outlook) 2023-2029
Product Code:518814
Published Date: Sep 04,2023
Pages: 100
Region: Global
Category: Service & Software
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According to our (LP Info Research) latest study, the global Digital Logistics market size was valued at US$ 10010 million in 2022. With growing demand in downstream market and recovery from influence of COVID-19 and the Russia-Ukraine War, the Digital Logistics is forecast to a readjusted size of US$ 22050 million by 2029 with a CAGR of 12.0% during review period.
The research report highlights the growth potential of the global Digital Logistics market. With recovery from influence of COVID-19 and the Russia-Ukraine War, Digital Logistics are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Digital Logistics. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Digital Logistics market.
Logistics is the most important activity among the components of the business and Supply Chain Management (SCM) system. The dynamic logistics environment and significant need of digital technologies is defining new era for managing logistics. Developments in the communication technologies have made the world a closer space where the speed and accuracy of the operations are the key factors for sustainability. Speedy transactions, flexibility of operations, scalability of resources and business transparency are the need of current logistics environment. Digital logistics market has provided various opportunities to solution providers in transforming traditional logistics strategies to well synchronized, efficient and effective model for managing the movement of goods.
Digital systems offer a life time management of assets (materials, vehicles, labor etc.) and also enable users to find out the real-time location, availability and movement of assets. Users and suppliers are able to share information about products and prices through web portals and thus able to manage the resources optimally. Transportation management is the one of the major functions of these logistics which minimizes transit cost and maximizes service delivery to the customers. The Others important function constitutes of warehouse management that holds the key for every supply chain wherein the entire focus is towards movement and storage of materials within the warehouse. Digital logistics market systems are being used to create visibility within warehouse and associated processes such as order processing, financial transactions, shipping, dispatch and picking. Logistics information helps in identifying the crucial bottlenecks and hence facilitates in critical decision making. Technological advancements in the past few decades have inevitably led to the potential growth of the industry across the globe. The increasing customer expectation, along with measures to control the logistics cost is playing a vital role in shaping the future of the digital logistics market. The digital logistics market is growing at a constant pace. Since various organizations are gradually adopting these solutions, while innovation and availability of new technologies are generating strong traction across all the emerging venues, owing to the growing need of connectivity on a real-time basis. Furthermore, the technology is expected to bring in integration capabilities of analytical software tools with the existing systems; and such applications will further enhance the growth of revenues, while ensuring customer privacy and assets security.
Key Features:
The report on Digital Logistics market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Digital Logistics market. It may include historical data, market segmentation by Type (e.g., Consulting Services, System Integration Services), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Digital Logistics market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Digital Logistics market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Digital Logistics industry. This include advancements in Digital Logistics technology, Digital Logistics new entrants, Digital Logistics new investment, and other innovations that are shaping the future of Digital Logistics.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Digital Logistics market. It includes factors influencing customer ' purchasing decisions, preferences for Digital Logistics product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Digital Logistics market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Digital Logistics market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Digital Logistics market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Digital Logistics industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Digital Logistics market.
Market Segmentation:
Digital Logistics market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Consulting Services
System Integration Services
Others Services
Segmentation by application
Warehouse Management
Labor Management
Transportation management
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Advantech Corportion
Digilogistics
Hexaware Technologies
IBM
JDA Software
Oracle
Samsung Co
SAP Ag
Tech MahindrA
UTI Worldwide Inc