Digital Logistics Market 2019 Global Overview, Emerging Technologies, Historical Analysis, Growth Factors, Opportunities, Regional Trends, Competitive Landscape and Forecast 2023

Market Research Future published a research report on “Digital Logistics Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Pune, India - June 12, 2019 /MarketersMedia/ —

Market Synopsis:

The use of digital logistics platforms has become common place in recent years as the industry leaders are increasingly adopting latest technologies in their operations. Digital logistics platforms integrate a host of web based, enterprise logistics applications which provide visibility and enhanced operational efficiency all around the supply chain. The global digital logistics market is headed for robust growth ad is anticipated to reach a market valuation of USD 19 Bn at a CAGR of 11% over the forecast period of 2017-2023, indicates Market Research Future (MRFR) in a latest study.

The main drive in moving towards the new paradigm of logistics lies in need of flexibility in logistics procedures. Digital logistics facilitates the integration of newer systems to exchange information, collaborate processes, and synchronize activities. Plus, in a digital environment, the possibility of error is highly reduced. The logistics industry is under acute pressure to deliver services at a lower cost which can only be done by intelligent use of technologies.

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The expanding e-commerce industry, especially in the developing economies, has accelerated the growth of the digital logistics market. The advent of e-commerce in a globalized economy has provided a myriad of opportunities to the digital logistic market. Moreover, in an increasingly competitive environment, new entrants to the logistics industry are finding out ways to gain an edge over the market by exploiting digital technologies and the introduction of new business models

Technological advancements in inter-related technologies such as GPS along with the incorporation of data analytics, machine learning, and data sciences in logistics has further broadened the scope of the digital logistics market.

On the contrary, the growth of the market can be hampered by the lack of information and communication infrastructure.

Key Players

Some of the prominent players in the global Digital Logistics Market Tech Mahindra (India), SAP SE (Germany), Oracle Corporation (U.S.), Samsung Group (South Korea), HCL Technologies Limited (India), Advantech Co. (Taiwan), International Business Machines Corporation (U.S.), Huawei Technologies Co., Ltd. (China), JDA Software Group, Inc. (U.S.), Hexaware Technologies (India) among others.

Global Digital Logistics Market Segmentation:

The global digital logistics market has been segmented based on component, application, and vertical.

• By component, the digital logistics market has been segmented into services and system. The system segment has been further segmented into database management systems, order management systems, fleet management systems, information integrated systems, tracking and monitoring systems, and electronic data interchange systems. The services segment has been further segmented into consulting services and system integration services.
• By application, the digital logistics market has been segmented into warehouse management, transportation management, and labor management.
• By vertical, the digital logistics market has been segmented into automotive, government, defense, aerospace, healthcare, manufacturing, retail, and others.

Regional Analysis:

The digital logistics market has been segmented into four key regions which include North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

North America is the dominant market for digital logistics and is likely to retain its lead throughout the forecast period. A well-developed logistics industry in the region provides many opportunities for market growth of digital logistics. The region has always been a frontrunner in the adoption of the latest technologies due to which digital logistics market is flourishing in the region.

The Europe digital logistics market is also anticipated to showcase considerable growth over the forecast period due to the deep penetration of cloud services in the region. Moreover, large-scale industrialization in the region has favored the growth of the market.

The APAC digital logistics market is expected to exhibit maximum growth over the forecast period. The burgeoning growth of the e-commerce industry has fueled the growth of the market. Fast Developing economies of the region are focusing on technological upgradation to facilitate growth in the industrial sector. China and India are among the key contributors to the APAC market.

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Intended Audience

• Digital logistics companies
• Digital logistics providers
• Computer graphics developers
• System integrators and third-party vendors
• Government bodies
• Technology investors
• Research institutes and organizations
• Market research and consulting firms
• End-users/enterprise-users

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Info:
Name: Abhishek Sawant
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Organization: Market Research Future

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Source: MarketersMedia

Release ID: 523264

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