digital logistics market
The digital logistics market size was valued at USD 25.36 billion. In 2022, digital logistics revenues are expected to reach nearly USD 99.16 billion, an increase of 21.5% from 2023 to 2029.
Digital logistics market overview
The analysis, planning and continuous optimization of material and information flows in industrial enterprises constitute the main focus of industrial logistics. In recent years, digitalization trends have provided a variety of new opportunities to ensure sustainable competitive advantage through the systematic enhancement of logistics performance and progressive reduction of logistics costs. According to the Fourth Industrial Revolution (Industry 4.0) theory, industrial enterprises can systematically integrate digitalization technologies into their production and logistics processes to ensure sustainable long-term growth and competitive advantage. can be achieved. This integration is expected to improve performance and reduce costs.
Digital Logistics Market Report Scope and Research Methodology
The comprehensive analytical report offers valuable insights into the dynamics, trends and future prospects of the Digital Logistics industry during the forecast period. In addition to key market drivers, challenges, and recent developments, it also covers demand trends, growth stimulus factors, spending patterns, and modernization trends across various regions.
The study is based on extensive research and analysis incorporating input from industry experts, government agencies, and market participants to provide a reliable and accurate assessment of market dynamics and future trends.
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Digital logistics market dynamics
As governments around the world allocate more funds to their defense budgets, the demand for digital logistics is skyrocketing. As the nature of warfare evolves, the need for advanced and sophisticated digital logistics to counter emerging threats grows. Technological advances and innovations have enabled the development of state-of-the-art digital logistics with enhanced capabilities.
Segmentation of the digital logistics market
By system
Tracking and monitoring system
information integration system
electronic data exchange system
database management system
fleet management system
order management system
Owing to the decline in operational costs, the tracking and monitoring systems sector held the highest share of 35% in 2022 and is expected to rise significantly during the forecast period. GPS tracking software is used by fleet managers to identify who is abusing their vehicles or choosing unproductive routes. Not only will it address driving issues, but it will also provide an accurate breakdown of the time a driver has claimed. Once you control your company's technology (hardware, network, communications, operating systems, apps, etc. among others), monitoring systems can assess your company's performance and analyze your operations, while identifying potential problems and sending you alerts. can do.
By service
consulting
System integration service
Other services
By application
warehouse management
labor management
transportation management
By industry
car
Government, Defense, Aerospace
Healthcare and life sciences
Communications and IT
industry, engineering, manufacturing
retail
chemicals
oil and gas
others
According to Industry vertical research, the market in 2022 was dominated by the IT and communications sector, which accounted for the largest share. With the commercial deployment of 5G delivery systems, customers can take advantage of ultra-low latency and ultra-high bandwidth for efficient data transfer and analysis. It is hoped that this will encourage companies to adopt his MEC technology. New low-power solutions for IoT systems and networks are also being developed by IT hardware and software companies. These are expected to increase sales and provide new sources of income. For example, AT&T Inc. has begun offering MEC-based products, services, and solutions to clients according to their specific requirements and specifications.
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Key players in the digital logistics market
1.JDA software
2. Oracle Corporation
3. Samsung Electronics Co., Ltd.
4. SAP AG
5. Advantech Co., Ltd.
6. Digilogistics
7. Hexaware Technologies
8. IBM Co., Ltd.
9. UTI Worldwide Co., Ltd.
10.Mind Tree
11. Partner Tech
12. Digital
13. Shintel Co., Ltd.
14. Reichhardt Logistics Group
15. Tech Mahindra Limited
16. Star Cooperation Co., Ltd.
17.AT&T
18. Intel
19. HCL Technologies Limited
20. Huawei Technologies Co., Ltd.
21. Honeywell
22. Blue Yonder
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Digital Logistics Market Table of Content includes:
Part 01: Executive Summary
Part 02: Scope of the Digital Logistics Market Report
Part 03: Global digital logistics market outlook
Part 04: Global digital logistics market size
Part 05: Global Digital Logistics Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Situation
Part 08: Geographic Landscape
Part 09: Decision-making framework
Part 10: Drivers and challenges
Part 11: Market trends
Part 12: Vendor status
Part 13: Vendor analysis
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Regional insights:
The Asia-Pacific region is likely to dominate the market throughout the forecast period on the back of high-growth economies such as China, India, and the Philippines. It had the largest market share of approximately 47% in 2022. Benefits of data logistics systems include reduced risk and implementation costs, cost-effective growth, access to the best technology, and sophisticated and dynamic software capabilities. The logistics industry has performed well in India's economic development. A strong logistics industry is expected to contribute significantly to India's efforts through various government-backed programs such as 'Make in India'. A single production site is also desired by many important players.
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