The latest report by IMARC Group, titled “Digital Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the digital logistics market outlook. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global digital logistics market size reached US$ 26.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 108.5 Billion by 2032, exhibiting a growth rate (CAGR) of 17.16% during 2024-2032.
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Digital Logistics Market Trends:
The global market is primarily driven by the augmenting demand for faster and more reliable delivery services across various industries. Additionally, e-commerce continues to expand, and retailers and manufacturers are seeking innovative logistics solutions that can streamline operations and reduce delivery times impelling the market forward. Moreover, the increasing adoption of cloud-based logistics solutions is enhancing the scalability and accessibility of supply chain operations, enabling businesses to manage logistics from anywhere in real-time driving market growth.
Furthermore, continual advancements in AI and machine learning are revolutionizing logistics by improving demand forecasting and inventory management, thus driving further efficiencies. In line with this, the rising integration of automation technologies and robotics in logistics operations, such as in warehousing and fulfillment centers, significantly speeds up the sorting, packing, and shipping processes.
Digital Logistics Market Scope and Growth Analysis:
The scope of the market is expansive, encompassing a wide array of digital solutions tailored for logistics and supply chain management. As businesses globally strive for efficiency and operational excellence, the market is poised for sustained growth. This growth is fueled by the burgeoning need for logistics optimization in emerging markets, where infrastructure improvements and increasing digital penetration are creating new opportunities for digital logistics solutions.
Additionally, the push towards Industry 4.0 and the digital transformation of industries like manufacturing, retail, and healthcare are further broadening the scope of applications for digital logistics. This market is also witnessing a rise in strategic partnerships between technology providers and traditional logistics companies, aiming to co-develop solutions that address complex logistics challenges. Moreover, the ongoing research and development in digital logistics are leading to more innovative solutions, such as predictive analytics tools and advanced telematics.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Advantech Co. Ltd.
- DigiLogistics Technology Ltd.
- HCL Technologies Limited
- Hexaware Technologies Limited
- Honeywell International Inc.
- International Business Machines Corporation
- Oracle Corporation
- Samsung Electronics Co. Ltd.
- SAP SE
- Tech Mahindra Limited
Digital Logistics Market Segmentation:
Our report has categorized the market based on component, application, and industry vertical.
Component Insights:
- System
- Tracking and Monitoring System
- Information Integrated System
- Electronic Data Interchange System
- Database Management System
- Fleet Management and Order Management System
- Services
- Consulting
- System Integration
Application Insights:
- Warehouse Management
- Labor Management
- Transport Management
Industry Vertical Insights:
- Retail and eCommerce
- Manufacturing
- Pharmaceuticals and Healthcare
- Aerospace and Defense
- Energy and Utilities
- Automotive
- Others
Regional Insights:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About US:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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