The global digital logistics market is growing at the rapid pace across North America, Europe, Asia Pacific, and rest of the World. In North America region, the digital logistics market is witnessing a high demand due to increasing penetration of digital logistics systems among various industries such as healthcare, defense, automotive and others, which are boosting the market growth to a large extent. The digital logistic is used for real-time location access, delivery notifications as well as the movement of assets.
The North American region is experiencing a huge growth in digital logistics due to increasing demand for mobile and digital communication. The digital logistics help in optimizing the logistics and improves the customer service. Digital transformation in logistics improves the process automation and provides advanced analytics tools for optimizing supply chain operations in pricing, routing, and partial load shipment.
The global Digital Logistics Market is estimated to reach USD ~19 billion by the end of the forecast period of 2023, at a CAGR of approximately ~11%.
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May 2019 – Wilson Logistics announced the acquisition of Market Transport, a logistics company that serves the truckload market, primarily in the Pacific Northwest and the western United States.
Global Digital Logistics Market Segmentation:
- By component, the market has been segmented into services, and, systems. The systems segment has been further sub-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 is sub-segmented into consulting services, and, system integration services.
- By application, the market has been segmented into warehouse management, transportation management, and, labor management.
- By verticals, the market is segmented into automotive, government, defense, aerospace, healthcare, manufacturing, retail, and, others.
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.
By region, the digital logistics market has been segmented into North America, Asia Pacific, Europe, and the Rest of the World (RoW). North America market will be retaining its dominance across the assessment period owing to the immense demand and supply expected to generate in the region. Moreover, the technology adoption rate has always been higher in this market than in any other markets. The growing faith of the industry leaders in digital technologies will fuel the market growth in the region.
Europe market will multiply revenue generation due to the wide scale penetration of the cloud services. The developments in the industrial sector will also fuel the demand for digital logistics in the region. Asia Pacific market borders the fastest growing economies that are focusing on the technological advancements for the smooth and optimum functioning of the industrial sector. Therefore, the market in this region for digital logistics is expected to proliferate at a robust CAGR. The major contributions in this region will be generated from markets in China, Japan, and India.
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- 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
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