Digital Logistics Market Share, Industry Size, Trends, Demand, and Research Report 2024-2032

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 report. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

The global digital logistics market size reached USD 26.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 108.5 Billion by 2032, exhibiting a growth rate (CAGR) of 17.16% during 2024-2032.

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Digital Logistics Market Overview:

Digital logistics refers to the integration of advanced digital technologies into various logistics processes to enhance efficiency, visibility, and manageability across the supply chain. This innovative approach leverages tools such as the Internet of Things (IoT), artificial intelligence (AI), machine learning, and big data analytics to streamline operations from warehousing and inventory management to transportation and delivery.

By employing digital logistics, companies can achieve real-time tracking of goods, predictive maintenance of equipment, automated inventory management, and optimized route planning, leading to reduced operational costs and improved customer satisfaction. Moreover, digital logistics facilitates better decision-making through data-driven insights and enhances collaboration across the supply chain network by connecting stakeholders through cloud-based platforms. As commerce continues to globalize and consumer expectations rise, digital logistics plays a pivotal role in enabling businesses to meet these demands with agility and precision.        

Digital Logistics Market Trends:

The integration of advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and big data analytics is driving the global market. These technologies enhance efficiency by improving the speed and accuracy of supply chain processes through automation and real-time data analytics. IoT devices can track cargo in real-time, providing precise location data, which helps in optimizing delivery routes and reducing delivery times. AI algorithms are utilized to predict demand patterns, enabling businesses to adjust their inventory levels accordingly and thus reduce holding costs. Big data analytics plays a crucial role in processing large volumes of data related to logistics operations, providing insights that aid in decision-making and operational improvements.

Furthermore, the increasing demand for faster delivery services, driven by consumer expectations set by e-commerce giants, compels logistics companies to adopt digital solutions to enhance their delivery capabilities. The growing focus on sustainability also contributes to the rise of digital logistics, as these technologies can help in reducing the carbon footprint of logistics operations through route optimization and reduced idle time. The market expansion is also supported by governmental initiatives aimed at promoting digitalization in industries, including logistics, to improve their competitiveness and efficiency.    

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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 (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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