Pune, 05, Dec, 2022: The report analysed by Maximize Market Research, the global technology and telecommunications market research firm. Digital Logistics Market report covers an extensive competitive and pricing analysis. The Asia-Pacific region is expected to witness significant growth according to the report. During the Forecast period, the report expects the market to grow from USD 20.88 Billion in 2021 to USD 99.16 Billion in 2029 at a CAGR of 21.5 percent.
Digital Logistics Market Scope and Research Methodology
The research is a comprehensive analysis of all key players in the Digital Logistics Industry by country, region and at a global level. Bottom-up approach has helped research analysts to analyse the micro-level factors affecting the growth and size of the Digital Logistics Market. To understand the factors affecting the Digital Logistics Market, the report gives details on the drivers, challenges, opportunities and restraints prevailing in the Digital Logistics Market.
The report has covered all the key global Digital Logistics Market player’s profiles from a strategic perspective and also given the competitive landscape of local players by region, which will help users of the report to understand the dynamics of the market and industry to formulate the growth strategies. Total market by segments and opportunities for growth are key findings of the report that help companies to utilize their resources and focus on growth prospects.
The digital logistics market is segmented by system, service, application, industry vertical and region, with a focus on major firms such as market leaders, followers, and new entrants. The report is an investor & guide since it provides a comprehensive picture of the competitive landscape of leading players in the Digital Logistics Market by goods and services, revenue, financial status, portfolio, growth strategies, and geographical presence.
Data was collected employing both primary and secondary data collection methods. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. Secondary data was meticulously collected from a curated selection of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases.
The market structure illustrated in each country, with market holdings by market leaders, followers, and local companies, provides a full insight into the research. The report also covers the market & mergers and acquisitions, strategic alliances, joint ventures, and partnerships by region, investment, and strategic intent. SWOT analysis was conducted to provide the strengths and weaknesses of the Digital Logistics Market while PESTLE was employed to understand the potential impact of the macro-economic factors affecting the Digital Logistics Market.
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Digital Logistics Market Overview
Digital Logistics is the automation and digitization of traditional logistics improving logistics in the supply chain. This refers to the use of technology in face of repetitive manual labour reducing human error. This includes the use of cloud, artificial intelligence, machine learning and the incorporation of blockchain technology in logistics for a smooth network of the supply chain. Such technology significantly improves inventory management, supply chain forecasting and understanding of consumer behaviour.
Digital Logistics Market Dynamics
The growth of e-commerce over the years has been exponential. Massive demand from the e-commerce industry to provide fast and effective logistics solutions has been immense. Functions such as fast delivery, accurate tracking, transparency and cost-effectiveness are key to digital logistics. The fast-paced penetration of the e-commerce industry is the key driver for the digital logistics market growth.
Research and innovation in the field is also important factor driving the Digital Logistics Market growth. Solutions such as digitization of logistics operations, automation of material handling systems, warehouse management systems and distribution management are evolving with the use of data analytics and data management systems. Innovations in the digital logistics market are also driving the growth of the digital logistics market.
Digital Logistics Market Regional Insights
Asia-Pacific region held the largest share of 47 percent in 2021 and is expected to continue the growth streak during the forecast period. This growth is led by countries such as India, China and the Philippines. Factors aiding growth include a robust logistics sector that is adopting digitization and automation, growing further and government initiatives. Governments have launched and implemented several schemes and policies for the growth of the logistics industry.
Digital Logistics Market Segmentation:
- Tracking and monitoring systems
- Information integrated systems
- Electronic data interchange systems
- Database management systems
- Fleet management systems
- Order management systems
- System integration services
- Other services
- Warehouse management
- Labour management
- Transportation management
By Industry Vertical:
- Government, Defence and Aerospace
- Healthcare and Life Science
- Telecommunication and IT
- Industrial, Engineering and Manufacturing
- Oil and Gas
Key questions answered in the Digital Logistics Market are:
- What is Digital Logistics?
- What is the current growth rate of the Digital Logistics Market?
- What is the growth rate of Digital Logistics Market over the forecast period?
- What is the nature of competition in Digital Logistics industry in developed and developing economies?
- Who are the key players in the Digital Logistics Market?
- Who are the market leaders in Digital Logistics in Europe?
- Who are the market leaders in Digital Logistics in USA and Canada?
- Who are the market leaders in Digital Logistics in India, China, Japan and South Korea?
- What are the factors affecting growth in the Digital Logistics Market?
- Who held the largest market share in Digital Logistics Market?
- What are the factors for the growth of Asia-Pacific region in Digital Logistics Market?
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- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by System, Service, Application, Industry Vertical and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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