The US market dominated the North America Digital Logistics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $23.21 billion by 2031. The Canada market is experiencing a CAGR of 19.1% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 18.1% during 2024-2031.
These logistics involves applying digital technologies and advanced data management practices to optimize and streamline logistics and supply chain operations. These logistics solutions are applied across various facets of supply chain management, revolutionizing how businesses handle logistics operations. Throughout the entire supply chain, these logistics technologies provide real-time visibility from suppliers to final consumers. This includes tracking shipments, monitoring inventory levels, and managing order statuses. Enhanced visibility helps businesses anticipate potential disruptions, optimize routes, and improve supply chain efficiency.
Moreover, these logistics solutions transform warehouse management by integrating automated storage and retrieval systems, warehouse management systems (WMS), and Internet of Things (IoT) sensors. These tools help in inventory management, order picking, and space optimization, leading to reduced operational costs and improved accuracy. Transportation management systems (TMS) leverage digital technologies to optimize routing, manage carrier relationships, and track shipments. By analyzing data and using algorithms, TMS solutions enhance route planning, reduce transportation costs, and improve delivery performance.
Investments in new hospitals, clinics, and specialized healthcare facilities across Canada drive the need for advanced logistics solutions to efficiently manage the distribution of medical supplies, pharmaceuticals, and equipment to these locations. The government of Canada has announced a $196.1 billion investment over ten years. This investment includes $46.2 billion in new funding for provinces and territories to improve healthcare services for Canadians. Furthermore, it will allocate $2.5 billion over ten years to bolster indigenous priorities and complementary federal support, resulting in a total of $198.6 billion over the same period. Mexico’s e-commerce sector has experienced significant growth, with major platforms like MercadoLibre, Amazon Mexico, and Walmart Mexico expanding their reach. This growth drives demand for digital logistics solutions that can handle the increased online orders and manage complex delivery networks. The domestic e-commerce industry was valued at USD 26.2 billion in 2022, a 23% increase from 2021, according to the International Trade Administration (ITA). In 2022, Mexican e-commerce consumers reached 63 million, a 5.5 million increase from the previous year. By 2027, the value of Mexico's e-commerce sector is expected to exceed USD 70.4 billion. Thus, rising investment in the healthcare sector and expansion of e-commerce in the region are propelling the market's growth.
List of Key Companies Profiled
- Cognizant Technology Solutions Corporation
- Softlink Global (Constellation Software, Inc.)
- Blue Yonder Group, Inc. (Panasonic Holdings Corporation)
- SAP SE
- Advantech Co., Ltd.
- Oracle Corporation
- IBM Corporation
- Siemens AG
- Bristlecone (Mahindra Group)
- Honeywell International, Inc.
Market Report Segmentation
By Deployment Mode
- On - Premises
- Cloud
By Solutions
- Tracking & Monitoring
- Data & Analytics
- Fleet Management Systems
- Electronic Data Interchange (EDI) Systems
- Others
By Application
- Transport Management
- Warehouse Management
- Labor Management
- Others
By End User
- Manufacturing
- Retail & Consumer Goods
- Healthcare
- Energy & Utilities
- Automotive
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Companies Mentioned
- Cognizant Technology Solutions Corporation
- Softlink Global (Constellation Software, Inc.)
- Blue Yonder Group, Inc. (Panasonic Holdings Corporation)
- SAP SE
- Advantech Co., Ltd.
- Oracle Corporation
- IBM Corporation
- Siemens AG
- Bristlecone (Mahindra Group)
- Honeywell International, Inc.
Methodology
LOADING...