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 demand. 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:
Digital logistics involves the incorporation of advanced digital technologies into logistics and supply chain operations to enhance efficiency, visibility, and manageability. This integration encompasses automated systems, real-time data analytics, cloud-based platforms, IoT (Internet of Things), and artificial intelligence. The tools and systems categorized under digital logistics aim to streamline processes such as inventory management, warehousing, transportation, and delivery through enhanced digital communication and infrastructure.
Additionally, the advantages of digital logistics include improved supply chain responsiveness, reduced operational costs, increased accuracy in demand forecasting, and superior customer service. By converting traditional logistical operations into more dynamic, predictive, and transparent systems, businesses can not only achieve higher productivity but also adapt swiftly to changing market demands.
Digital Logistics Market Scope and Growth Analysis:
The global market is propelled by the escalating transition towards more integrated and technologically advanced operations. Along with this, the rise in e-commerce is increasing the demand for faster and more reliable delivery systems, driving logistics companies to adopt digital solutions that offer real-time tracking and efficient route management. In addition, the growing emphasis on sustainability within supply chains has prompted organizations to utilize digital logistics for better resource management and reduced environmental impact. Apart from this, technological advancements such as AI and IoT are also pivotal, providing the backbone for innovations such as automated warehouses and predictive analytics.
These technologies enhance operational efficiencies and customer satisfaction. Furthermore, as global trade expands, the need for robust digital logistics solutions becomes critical for managing complex international supply chains. Together, these factors contribute to a vigorous growth trajectory in the global market, supported by both technological innovation and strategic necessity.
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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.
Breakup by Component:
- 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
Breakup by Application:
- Warehouse Management
- Labor Management
- Transport Management
Breakup by Industry Vertical:
- Retail and eCommerce
- Manufacturing
- Pharmaceuticals and Healthcare
- Aerospace and Defense
- Energy and Utilities
- Automotive
- Others
Breakup by Region:
- North America (USA, Canada)
- Europe (Germany, France, UK, Italy, Spain, Russia, others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
- Middle East/Africa
- Latin America (Brazil, Mexico, 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 firm that provides management strategy and market research worldwide. We work with clients in every sector and geography to identify their most valuable opportunities, address their most important challenges and transform their businesses.
The IMARC Group's information offerings include key market trends, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high technology sectors. Market forecasts and industry analysis in biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and innovative processing methods are among the company's top areas of expertise.
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