The Global Digital Logistics Market size is expected to reach $92.3 billion by 2031, rising at a market growth of 17.2% CAGR during the forecast period.
Europe’s supply chains are often complex, involving multiple countries and diverse logistics networks. These logistics solutions help manage this complexity by providing real-time visibility, enhancing coordination, and optimizing cross-border operations. Consequently, the European region would acquire nearly 30% of the total market share by 2031.
The major strategies followed by the market participants are Partnerships as the key developmental strategy to keep pace with the changing demands of end users. For instance, in July, 2024, Blue Yonder Group, Inc. announced the partnership with Avon, a logistics technology firm to integrate AI into its supply chain, enhancing agility and sustainability. We're excited to support Avon's digital transformation, reflecting our shared values of inclusion, women empowerment, and equity. This partnership ensures Avon stays adaptable and competitive in a dynamic market. Moreover, in January, 2024, Softlink Global teamed up with Coimbatore Marine College, a maritime education and training company to integrate advanced industry tools and practices into their logistics education. This collaboration marks a major shift, emphasizing the need for academic programs to align with the evolving demands of the logistics sector.
Based on the Analysis presented in the KBV Cardinal matrix; Oracle Corporation, IBM Corporation, and Siemens AG are the forerunners in the Market. In February, 2023, Oracle Corporation teamed up with Uber Technologies to boost Uber's innovation, market products, and profitability. The collaboration will leverage Oracle's advanced cloud technology and security to enhance Uber's global logistics and retail operations. Oracle will also become a key Uber for Business client. Companies such as Blue Yonder Group, Inc. SAP SE Honeywell International, Inc. are some of the key innovators in Market.
Managing intricate supply chains across borders presents a challenge for businesses operating in multiple countries and regions. The logistics solutions help organizations navigate these complex regulatory environments by providing tools for documentation, reporting, and adherence to local laws and regulations. In conclusion, rising globalization and supply chain complexity propel the market's growth.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships & Collaborations.
The market is fiercely competitive, with numerous players vying for dominance through technology advancements like AI, IoT, and blockchain. Major logistics companies and tech startups alike are racing to offer innovative solutions for efficiency and transparency, driving rapid growth and constant evolution in the sector.
Europe’s supply chains are often complex, involving multiple countries and diverse logistics networks. These logistics solutions help manage this complexity by providing real-time visibility, enhancing coordination, and optimizing cross-border operations. Consequently, the European region would acquire nearly 30% of the total market share by 2031.
The major strategies followed by the market participants are Partnerships as the key developmental strategy to keep pace with the changing demands of end users. For instance, in July, 2024, Blue Yonder Group, Inc. announced the partnership with Avon, a logistics technology firm to integrate AI into its supply chain, enhancing agility and sustainability. We're excited to support Avon's digital transformation, reflecting our shared values of inclusion, women empowerment, and equity. This partnership ensures Avon stays adaptable and competitive in a dynamic market. Moreover, in January, 2024, Softlink Global teamed up with Coimbatore Marine College, a maritime education and training company to integrate advanced industry tools and practices into their logistics education. This collaboration marks a major shift, emphasizing the need for academic programs to align with the evolving demands of the logistics sector.
KBV Cardinal Matrix - Market Competition Analysis
Based on the Analysis presented in the KBV Cardinal matrix; Oracle Corporation, IBM Corporation, and Siemens AG are the forerunners in the Market. In February, 2023, Oracle Corporation teamed up with Uber Technologies to boost Uber's innovation, market products, and profitability. The collaboration will leverage Oracle's advanced cloud technology and security to enhance Uber's global logistics and retail operations. Oracle will also become a key Uber for Business client. Companies such as Blue Yonder Group, Inc. SAP SE Honeywell International, Inc. are some of the key innovators in Market.
Market Growth Factors
Modern digital solutions provide detailed tracking information, allowing customers to see exactly where their goods are at any moment. In addition, by having access to real-time data, organizations can quickly detect and respond to disruptions or issues, such as delays, damage, or theft. Thus, increased demand for transparency and visibility drives the market's growth.Managing intricate supply chains across borders presents a challenge for businesses operating in multiple countries and regions. The logistics solutions help organizations navigate these complex regulatory environments by providing tools for documentation, reporting, and adherence to local laws and regulations. In conclusion, rising globalization and supply chain complexity propel the market's growth.
Market Restraining Factors
Implementing these logistics systems requires significant upfront capital for software, hardware, and infrastructure. Implementing these logistics systems requires significant upfront capital for software, hardware, and infrastructure. In conclusion, high implementation costs are hampering the market's growth.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships & Collaborations.
Driving and Restraining Factors
Drivers
- Increased demand for transparency and visibility
- Rising globalization and supply chain complexity
- Expansion of the e-commerce industry worldwide
Restraints
- High implementation costs of digital logistics solutions
- Data security and privacy concerns
Opportunities
- Growth in automation and robotics
- Increasing focus on sustainability and green logistics
Challenges
- Bridging the skill gap for digital logistics expertise
- Handling the complexities of real-time data processing
Deployment Mode Outlook
Solutions Outlook
On the basis of solutions, the market is segmented into tracking & monitoring, data & analytics, fleet management systems, electronic data interchange (EDI) systems, and others. In 2023, the data & analytics segment attained 26% revenue share in the market. Data and analytics empower logistics companies to make informed decisions by providing insights into various aspects of their operations.
Application Outlook
By application, the market is divided into transport, warehouse, and labor management. The warehouse management segment procured 32% revenue share in the market in 2023. Warehouse management systems (WMS) often integrate with other logistics tools such as transport management systems (TMS), order management systems (OMS), and enterprise resource planning (ERP) systems.End User Outlook
By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed 36% revenue share in the market in 2023. North America has well-developed infrastructure, including extensive transportation networks (roads, railways, ports, and airports) and advanced warehousing facilities.Market Competition and Attributes
The market is fiercely competitive, with numerous players vying for dominance through technology advancements like AI, IoT, and blockchain. Major logistics companies and tech startups alike are racing to offer innovative solutions for efficiency and transparency, driving rapid growth and constant evolution in the sector.
Recent Strategies Deployed in the Market
- Jun-2024: SAP SE announced the acquisition of WalkMe Ltd., a digital adoption platform. This acquisition strengthens SAP's commitment to enhancing user support, enabling faster adoption of new solutions and features, and maximizing the value of IT investments for end users.
- Apr-2024: SAP SE unveiled AI advancements in its supply chain solutions, enhancing productivity, efficiency, and precision in manufacturing. AI-driven real-time insights will optimize supply chain decisions, streamline product development, and boost manufacturing efficiency. Enhanced machine data and AI visual inspection will significantly improve quality through automation.
- Apr-2024: Advantech Co., Ltd. teamed up with Phison (8299TT), a top provider of NAND controllers and storage solutions, to create GenAI computing platforms for edge and industrial use. This collaboration supports global industries in deploying intelligent applications, enhancing smart factories, healthcare, and logistics with advanced GenAI solutions.
- Jan-2024: Softlink Global teamed up with Coimbatore Marine College, a maritime education and training company to integrate advanced industry tools and practices into their logistics education. This collaboration marks a major shift, emphasizing the need for academic programs to align with the evolving demands of the logistics sector.
- Jul-2023: IBM Corporation teamed up with The National Association of Boards of Pharmacy to create Pulse by NABP, a digital platform aimed at enhancing drug supply chain transparency. This collaboration will improve patient safety by combating counterfeit and substandard medications through advanced technology and data security.
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 Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Global Digital Logistics Market by Deployment Mode
Chapter 6. Global Digital Logistics Market by Solutions
Chapter 7. Global Digital Logistics Market by Application
Chapter 8. Global Digital Logistics Market by End User
Chapter 9. Global Digital Logistics Market by Region
Chapter 10. Company Profiles
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
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