Press release
Digital transformation In Logistics Market to Reflect Impressive Growth Rate Along with Top Vendors Analysis over 2027 | 3GTMS, 4Flow AG, Advantech, APL Logistics, Digital Logistics Group, Hexaware Technologies and others
Digital Transformation in Logistics market is essential to enhance the efficiency of operations and to reduce the costs. Digital Transformation in logistics creates new business concepts and service models to help supply chain and logistics players gain a competitive edge over competitors. Efficiency, escalation, speed, and timing have always been important in logistics and transportation. Today, amidst accelerating technology evolution and in an increasingly digital environment, digital transformation is resulting in the next revolution of industry, known as Industry 4.0.
Advantages such as faster and easy operations, digital freight matching, seamless connectivity, carrier compliance & rate management deployment along with scalability flexibility, and the rising demand from businesses to lower capital and operational expenditures are anticipated to boost the digital transformation in logistics market globally. Concerns around the compatibility of various enterprise applications in the digital transformation are one of the major restraining factors in the digital transformation in logistics market. Growing digital penetration in various logistics processes is anticipated to further provide good opportunities to the players operating in the digital transformation in logistics market.
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Increasing adoption of pricing and structuring tools is projected to be one of the vital Digital transformation In Logistics trend, which during the forecast period will gain noteworthy traction. By implementing pricing and structuring tools enables management of individual portfolios and dodge the risk through automation, consistency, and transparency provided by algorithmic trading throughout the company. Hence, the adoption of these tools is projected to optimistically impact the growth of Digital transformation In Logistics market.
Key Players Influencing the Market
• 3GTMS, Inc.
• 4Flow AG
• Advantech Co., Ltd.
• APL Logistics Ltd
• Digital Logistics Group Ltd.
• Hexaware Technologies
• IBM Corporation
• JDA Software WMS
• Logistic Solutions, Inc.
• LOGITECH Corporation
The global digital transformation in logistics market is segmented on the basis of service, solution, system, equipment industry and deployment. On the basis of service, consulting and training, implementing and integration, operation and maintenance. On the basis of solution, the market is segmented into hardware, and software solution. The digital transformation in logistics market is segmented on the basis of the system into conveyors, automated retrieval storage system, automatic sorters, automatic guided vehicle, and robotic picking system. On the basis of equipment, the market is segmented into RFID readers, real-time location system, barcode scanners, and barcode printers. On the basis of deployment, the market is segmented into cloud based, and on-premises.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Digital transformation In Logistics market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Digital transformation In Logistics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of eighteen countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Digital transformation In Logistics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Digital transformation In Logistics market in these regions.
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Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Digital transformation In Logistics Market.
• Key market trends cracking up the growth of the Digital transformation In Logistics Market.
• Challenges to market growth.
• Key vendors of Digital transformation In Logistics Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Digital transformation In Logistics Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
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