The global market for Digital Transformation Spending in Logistics is estimated at US$62.8 Billion in 2023 and is projected to reach US$120.6 Billion by 2030, growing at a CAGR of 9.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the digital transformation spending in the logistics market is driven by several factors. The increasing demand for faster and more reliable delivery services, fueled by the rise of e-commerce, is a primary driver. Customers now expect real-time updates and quicker delivery times, prompting logistics companies to invest in digital solutions that enhance their service capabilities. Technological advancements, particularly in AI, IoT, and blockchain, are providing new tools for logistics companies to optimize their operations and improve efficiency. The need for greater supply chain transparency and security is also pushing companies towards digital transformation. Additionally, the COVID-19 pandemic has accelerated the adoption of digital technologies in logistics, as companies seek to mitigate disruptions and build more resilient supply chains. These factors, combined with the ongoing innovation in digital technologies and increasing competition in the logistics sector, are expected to drive continued growth in digital transformation spending in the coming years.
The growth in the digital transformation spending in the logistics market is driven by several factors. The increasing demand for faster and more reliable delivery services, fueled by the rise of e-commerce, is a primary driver. Customers now expect real-time updates and quicker delivery times, prompting logistics companies to invest in digital solutions that enhance their service capabilities. Technological advancements, particularly in AI, IoT, and blockchain, are providing new tools for logistics companies to optimize their operations and improve efficiency. The need for greater supply chain transparency and security is also pushing companies towards digital transformation. Additionally, the COVID-19 pandemic has accelerated the adoption of digital technologies in logistics, as companies seek to mitigate disruptions and build more resilient supply chains. These factors, combined with the ongoing innovation in digital technologies and increasing competition in the logistics sector, are expected to drive continued growth in digital transformation spending in the coming years.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Digital Transformation Hardware segment, which is expected to reach US$54.8 Billion by 2030 with a CAGR of a 9.2%. The Digital Transformation Software segment is also set to grow at 9.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $16.5 Billion in 2023, and China, forecasted to grow at an impressive 10.9% CAGR to reach $20.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Digital Transformation Spending in Logistics Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Digital Transformation Spending in Logistics Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Digital Transformation Spending in Logistics Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Cisco Systems, Inc., AT&T, Inc., Accenture PLC, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 104 Featured):
- Cisco Systems, Inc.
- AT&T, Inc.
- Accenture PLC
- Atos SE
- Cognizant Technology Solutions U.S. Corporation
- Advantech Co., Ltd.
- Daifuku Co., Ltd.
- 3GTMS, Inc.
- BluJay Solutions
- Addverb Technologies Pvt Limited
- Cloud Logistics Inc.
- E2open, LLC.
- Deutsche Post DHL Group
- Agility Public Warehousing Company KSCP
- Blue Yonder Group, Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- Cisco Systems, Inc.
- AT&T, Inc.
- Accenture PLC
- Atos SE
- Cognizant Technology Solutions U.S. Corporation
- Advantech Co., Ltd.
- Daifuku Co., Ltd.
- 3GTMS, Inc.
- BluJay Solutions
- Addverb Technologies Pvt Limited
- Cloud Logistics Inc.
- E2open, LLC.
- Deutsche Post DHL Group
- Agility Public Warehousing Company KSCP
- Blue Yonder Group, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 483 |
| Published | December 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 62.8 Billion |
| Forecasted Market Value ( USD | $ 120.6 Billion |
| Compound Annual Growth Rate | 9.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
