Overview:

The global digital logistics market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Digital data collection to optimize the logistics process is called as digital logistics. It provides transparency in the end-to-end process in the supply chain, improves work flow, reduces errors, and enhances customer satisfaction. Additionally, digital logistics is playing key role in warehouse management and process improvement by supporting in making critical decisions based on digital data.

Market Dynamics:

Rapid growth in E-commerce sector is a key factor driving growth of the global digital logistics market. Growth in E-commerce has resulted in increased trade activity across the globe. Also, in E-commerce all processes are managed and handled digitally. Hence, it is resulting in growth of the global market.

In addition, rise in domestic and international trade activities have led to increased demand for solutions with improved efficiency and real time tracking services, which is expected to fuel the market growth to a significant extent during the forecast period.

Moreover, development and integration of advance technologies such as blockchain, artificial intelligence, and machine learning into logistics solutions are some other factors expected propel growth of the global market in the near future. However, lack of global standards is one of the key factors hampering growth of the global market to a certain extent.

Key Trends:

Collaborations between key players to develop advanced digital solutions in order to enhance their portfolio and tap the major market share is a key trend observed in the global digital logistics market. For instance, in August, 2018, IBM Corporation and A.P. Møller – Mærsk A/S came into collaboration to develop blockchain based solution for global supply chain. The solution is named as TradeLens.

Regional Analysis:

For detailed understanding of market dynamics, the global digital logistics market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is accounted for highest share in terms of revenue in 2019 in the global digital logistics market. This dominance can be attributed to early adoption of digital solutions and technology in logistics sector in the region.

However, the target market in Asia Pacific region is expected to witness fastest growth in the forecast period. Rising adoption of cloud-based services and expanding E-commerce sector in countries such as India and China in the region are key factors driving growth of the target market in the region.

Scope of the Report:

Detailed Segmentation:

Global Digital Logistics Market, By Component:

• Solution
• Services

Global Digital Logistics Market, By Function:

• Warehouse Management
• Transportation Management
• Workforce Management

Global Digital Logistics Market, By Vertical:

• Retail and E-commerce
• Manufacturing
• Pharmaceuticals and Healthcare
• Aerospace and Defense
• Automotive
• Energy and Utilities
• Others

Key Players Covered:

Key players operating in the global digital logistics market includes IBM Corporation​, Advantech Corporation, Oracle Corporation, Hexaware Technologies Limited, Tech Mahindra Limited, DigiLogistics Technology Ltd, JDA Software Pvt Ltd, UTI Worldwide Inc., SAP SE, and Manhattan Associates Inc.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Digital Logistics Market by component, function, vertical, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global digital logistics market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.