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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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 is segmented into the component, applications, verticals, and region. The component segment is further sub-segmented as services and system. Moreover, services are sub-segmented into consulting services, system integration services. The applications are sub-segmented into warehouse management, transportation management, and labor management. The verticals are segmented into automotive, government, defense and aerospace, healthcare, telecommunication and IT, manufacturing, retail, and others. The market is covered across regions including North America, Europe, Asia Pacific, and Rest of the World.
The regional analysis of digital logistics market is done for regions such as North America, Asia Pacific, Europe, and the Rest of the World. North America is the witnessing high growth due to increasing penetration of digital technologies and systems such as radio frequency identification, electronic data interchange, and others, which is propelling the market of digital logistics. In the European region, the digital logistics market is gaining popularity due to next generation of cloud services which is propelling the market growth. Whereas, Asia Pacific countries, including China, Japan, and India, are the emerging markets for digital logistics, and it is expected to gain momentum with the increasing proliferation of internet connectivity and grow with the highest CAGR in the coming years.
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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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