Digital Logistics Market is predicted to reach USD 85.4 Billion at a CAGR of 14.84% during the forecast period 2024 to 2032
Digital Logistics Market to grow at 14.84% CAGR during 2024-2032
Market Research Future (MRFR) has published a cooked research report on the “Global Digital Logistics Market” that contains information from 2018 to 2030. The Digital Logistics market is estimated to register a CAGR of 14.84% during the forecast period of 2024-2032.
MRFR recognizes the following companies as the key players in the global Digital Logistics market— IBM Corporation, Advantech Corporation, Samsung Electronics Co., Oracle Corporation, Digilogistics, Hexaware Technologies Limited, JDA Software, UTI Worldwide Inc., SAP AG, and Tech Mahindra.Digital Logistics Market
Digital Logistics Market Highlights
The global Digital Logistics market is accounted to register a CAGR of 14.84% during the forecast period and is estimated to reach USD 85.4 Billion by 2032.
The digital logistics market refers to the application of digital technologies and software solutions in managing and optimizing various aspects of the logistics and supply chain process. It includes tools such as cloud computing, data analytics, Internet of Things (IoT), and artificial intelligence (AI) to enhance operational efficiency, visibility, and decision-making capabilities in logistics operations.
Segment Analysis
The global Digital Logistics market has been segmented based on Systems, Services, Applications and Verticals .
Based on Systems, the market is segmented into Information integrated systems, Fleet management systems, Electronic data interchange systems, Database management systems, Order management systems, and Tracking and monitoring systems.
Based on Services, the global Digital Logistics market has been segmented into Consulting Services, System Integration Services, and Other Services.
Based on Applications, the global Digital Logistics market has been segmented into Warehouse management, Labor management, and Transportation management.
Based on Verticals, the global Digital Logistics market has been segmented into Oil and Gas, Healthcare and Life Science, Government, Defense and Aerospace, Automotive, Telecommunication and IT, Chemical, and Others.
Regional Analysis
The global Digital Logistics market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Digital Logistics market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Digital Logistics market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Digital Logistics market comprises of Middle East, Africa, and Latin America.
Due to the existence of high-growth economies like China, India, and the Philippines, the Asia Pacific region, which held the greatest market share of 47% in 2022, is anticipated to dominate the world over the projected period. Low entry cost and risk, cost-effective expansion, access to the latest technology, and dynamic and innovative software features are only a few advantages of data logistic system.
Additionally, Manufacturers, distributors, and logistics service providers can gain in-depth knowledge of the convergence of supply chain planning and execution with product life cycle and supplier
management, logistics execution, and operations through the Asia/Pacific Digital Supply Chain Execution and Transformation Strategies advisory service.
When e-commerce and urbanisation combine, they are two megatrends that will drastically alter logistics practises around the world. What were once bulk shipments to merchants are now individual shipments to clients thanks to e-commerce. Due to ongoing innovation in the logistics and distribution systems, China is expected to have rapid growth during the duration of the forecast.
Key Findings of the Study
- The global Digital Logistics market is expected to reach USD 79.12 Billion by 2030, at a CAGR of 17.12% during the forecast period.
- the Asia Pacific region, which held the greatest market share of 47% in 2022. is anticipated to dominate the world over the projected period.
- Based on Services, the global Digital Logistics market has been segmented into Consulting Services, System Integration Services, and Other Services.
- IBM Corporation, Advantech Corporation, Samsung Electronics Co., Oracle Corporation, Digilogistics, Hexaware Technologies Limited, JDA Software, UTI Worldwide Inc., SAP AG, and Tech Mahindra.