Digital logistics solutions revolutionize the management of the supply chain by integrating cutting-edge technologies like AI-driven predictive analytics and autonomous vehicles. They facilitate real-time monitoring of shipments, enabling businesses to make data-driven decisions promptly. This leads to reduced lead times, minimized stockouts, and optimized warehouse operations. The advantages extend to cost savings through efficient resource allocation and lower fuel consumption. Moreover, digital logistics solutions enhance sustainability by optimizing transportation routes and minimizing carbon emissions, aligning with eco-friendly practices and meeting the growing demand for environmentally responsible supply chains.
Businesses can more efficiently manage their supply chains thanks to digital logistics, which also lowers lead times and inventory costs. Better demand forecasting is also made possible, reducing the likelihood of stockouts and overstocking. Logistics have become even more complicated as a result of the advent of multi-channel retailing, which includes mobile shopping and social commerce. This requires real-time data sharing and synchronization across numerous platforms. As a result, the growth of e-commerce has boosted the market for digital logistics by calling for creative solutions to fulfil the rising demand for quick and effective product delivery in the current digital era. However, a major barrier to the expansion of the digital logistics business may be hefty capital expenditure. Digital logistics, as used here, is the process of streamlining and optimizing the flow of goods through the use of technology and data-driven solutions. It is frequently necessary to make substantial investments in software, technology, and qualified staff in order to implement digital logistics systems. Instead, the market for digital logistics now has a lot of prospects thanks to the increased use of cloud computing and globalization. Complex supply chains are easier to manage and optimize thanks to cloud technology, which allows businesses to remotely store and access enormous amounts of data and apps. This has improved visibility throughout the logistics process and increased efficiency while lowering expenses.
The digital logistics market is segmented on the basis of component, function, organization size, deployment mode, industry verticals, and region. On the basis of the component, the market is bifurcated into solution and services. Based on the function, the market is segmented into warehouse management, transportation management and workforce management. On the basis of the organization size, the market is bifurcated into large enterprises and small and medium-sized enterprises. On the basis of the deployment mode, the market is bifurcated into cloud and On-premises. By Industry Vertical, it is bifurcated into retail and e-commerce, manufacturing, pharmaceuticals and healthcare, aerospace, and defense, automotive, energy and utilities, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the key players profiled in the report include AT&T Intellectual Property, HCL Technologies Limited, Honeywell International Inc., IBM Corporation, Infosys Limited, Intel Corporation, Oracle, SAP SE, Tech Mahindra Limited, and Webxpress. These players have adopted various strategies to increase their market penetration and strengthen their position in the digital logistics market.
Businesses can more efficiently manage their supply chains thanks to digital logistics, which also lowers lead times and inventory costs. Better demand forecasting is also made possible, reducing the likelihood of stockouts and overstocking. Logistics have become even more complicated as a result of the advent of multi-channel retailing, which includes mobile shopping and social commerce. This requires real-time data sharing and synchronization across numerous platforms. As a result, the growth of e-commerce has boosted the market for digital logistics by calling for creative solutions to fulfil the rising demand for quick and effective product delivery in the current digital era. However, a major barrier to the expansion of the digital logistics business may be hefty capital expenditure. Digital logistics, as used here, is the process of streamlining and optimizing the flow of goods through the use of technology and data-driven solutions. It is frequently necessary to make substantial investments in software, technology, and qualified staff in order to implement digital logistics systems. Instead, the market for digital logistics now has a lot of prospects thanks to the increased use of cloud computing and globalization. Complex supply chains are easier to manage and optimize thanks to cloud technology, which allows businesses to remotely store and access enormous amounts of data and apps. This has improved visibility throughout the logistics process and increased efficiency while lowering expenses.
The digital logistics market is segmented on the basis of component, function, organization size, deployment mode, industry verticals, and region. On the basis of the component, the market is bifurcated into solution and services. Based on the function, the market is segmented into warehouse management, transportation management and workforce management. On the basis of the organization size, the market is bifurcated into large enterprises and small and medium-sized enterprises. On the basis of the deployment mode, the market is bifurcated into cloud and On-premises. By Industry Vertical, it is bifurcated into retail and e-commerce, manufacturing, pharmaceuticals and healthcare, aerospace, and defense, automotive, energy and utilities, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the key players profiled in the report include AT&T Intellectual Property, HCL Technologies Limited, Honeywell International Inc., IBM Corporation, Infosys Limited, Intel Corporation, Oracle, SAP SE, Tech Mahindra Limited, and Webxpress. These players have adopted various strategies to increase their market penetration and strengthen their position in the digital logistics market.
Key Benefits For Stakeholders
- The study provides an in-depth analysis of the global digital logistics market along with the current & future trends to illustrate the imminent investment pockets.
- Information about key drivers, restraints, & opportunities and their impact analysis on the global digital logistics market size are provided in the report.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- A quantitative analysis of the global digital logistics market from 2022 to 2032 is provided to determine the market potential.
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Key Market Segments
By Deployment Mode
- On-Premise
- Cloud
By Industry Verticals
- Retail and E-commerce
- Manufacturing
- Pharmaceuticals and Healthcare
- Aerospace and Defense
- Automotive
- Energy and Utilities
- Others
By Component
- Solution
- Service
By Function
- Warehouse Management
- Transportation Management
- Workforce Management
By Organisation Size
- Large Enterprise
- Small and Medium-sized Enterprise
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- IBM Corporation
- SAP SE
- HCL Technologies Limited
- Intel Corporation
- Tech Mahindra Limited
- AT&T Intellectual Property
- Infosys Limited
- Oracle
- WebXpress
- Honeywell International Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: DIGITAL LOGISTICS MARKET, BY COMPONENT
CHAPTER 5: DIGITAL LOGISTICS MARKET, BY FUNCTION
CHAPTER 6: DIGITAL LOGISTICS MARKET, BY ORGANISATION SIZE
CHAPTER 7: DIGITAL LOGISTICS MARKET, BY DEPLOYMENT MODE
CHAPTER 8: DIGITAL LOGISTICS MARKET, BY INDUSTRY VERTICALS
CHAPTER 9: DIGITAL LOGISTICS MARKET, BY REGION
CHAPTER 10: COMPETITIVE LANDSCAPE
CHAPTER 11: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the digital logistics market was valued at $24.8 billion in 2022, and is estimated to reach $155.3 billion by 2032, growing at a CAGR of 20.4% from 2023 to 2032.The Digital Logistic market is likely to experience a significant growth rate of 20.4% from 2022-2032 owing to increasing market demand from banks and insurance companies
The digital logistics market refers to the use of advanced technology and digital tools to streamline and optimize the management of supply chains, transportation, and distribution of goods. It encompasses a wide range of technologies such as GPS tracking, data analytics, cloud computing, and automation. The primary benefits of the digital logistics market include enhanced efficiency and visibility throughout the entire supply chain. It allows for real-time tracking of shipments, optimizing routes to reduce fuel consumption, and minimizing inventory costs. In addition, digital logistics can improve decision-making through data-driven insights, leading to reduced operational costs and better customer service. It also promotes sustainability by reducing carbon emissions and wastage. Moreover, by enabling better communication and collaboration between various stakeholders, digital logistics fosters a more agile and responsive supply chain, adapting to changing market conditions quickly. In essence, the digital logistics market revolutionizes the way businesses manage their logistics operations, resulting in cost savings, improved service quality, and a more sustainable approach to distribution. These combined factors contribute to the expansion of the digital logistics market.Businesses can more efficiently manage their supply chains thanks to digital logistics, which also lowers lead times and inventory costs. Better demand forecasting is also made possible, reducing the likelihood of stockouts and overstocking. Logistics have become even more complicated as a result of the advent of multi-channel retailing, which includes mobile shopping and social commerce. This requires real-time data sharing and synchronization across numerous platforms. As a result, the growth of e-commerce has boosted the market for digital logistics by calling for creative solutions to fulfil the rising demand for quick and effective product delivery in the current digital era. Cross-border trade is increasing, necessitating more sophisticated logistics solutions to navigate international regulations and customs procedures. Moreover, rising customer expectations for fast and accurate deliveries, often with options like same-day or one-hour delivery, push logistics companies to adopt digital tools that enable speed and visibility. In addition, the need for sustainable logistics practices, such as electric vehicles and eco-friendly packaging, has led to digital solutions that help reduce carbon footprints.
However, a major barrier to the expansion of the digital logistics business may be hefty capital expenditure. Digital logistics, as used here, is the process of streamlining and optimizing the flow of goods through the use of technology and data-driven solutions. It is frequently necessary to make substantial investments in software, technology, and qualified staff in order to implement digital logistics systems. Instead, the market for digital logistics now has a lot of prospects thanks to the increased use of cloud computing and globalization. Complex supply chains are easier to manage and optimize thanks to cloud technology, which allows businesses to remotely store and access enormous amounts of data and apps. This has improved visibility throughout the logistics process and increased efficiency while lowering expenses.
The digital logistics market is segmented on the basis of component, function, organization size, deployment mode, industry verticals, and region. On the basis of the component, the market is bifurcated into solution and services. Based on the function, the market is segmented into warehouse management, transportation management and workforce management. On the basis of the organization size, the market is bifurcated into large enterprises and small and medium-sized enterprises. On the basis of the deployment mode, the market is bifurcated into cloud and On-premises. By Industry Vertical, it is bifurcated into retail and e-commerce, manufacturing, pharmaceuticals and healthcare, aerospace, and defense, automotive, energy and utilities, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the key players profiled in the report include AT&T Intellectual Property, HCL Technologies Limited, Honeywell International Inc., IBM Corporation, Infosys Limited, Intel Corporation, Oracle, SAP SE, Tech Mahindra Limited, and Webxpress. These players have adopted various strategies to increase their market penetration and strengthen their position in the digital logistics market.
Key Market Insights
By component, the solution segment led the digital logistics market in terms of revenue in 2022.By function, the transportation management segment accounted for the highest digital logistics market share in 2022.
By organization size, the large enterprise segment accounted for the highest digital logistics market share in 2022.
By deployment mode, the on-premise segment accounted for the highest digital logistics market share in 2022.
By industry vertical, retail, and e-commerce segments accounted for the highest digital logistics market share in 2022.
By region, North America generated the highest revenue in 2022.
Companies Mentioned
- IBM Corporation
- SAP SE
- HCL Technologies Limited
- Intel Corporation
- Tech Mahindra Limited
- AT&T Intellectual Property
- Infosys Limited
- Oracle
- WebXpress
- Honeywell International Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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