Press release
Digital Logistics Market to Reach USD 46 Billion by 2027 Globally |CAGR: 18%| Industry Overview by Top Players - IBM, Oracle, SAP, Intel, Infosys, HCL Technologies, Samsung SDS, Cloud Logistics, Digi Logistics, and Tech Mahindra
digital logistics market
Market Overview
The technological advancement in the digital market and rising cloud adoption are expected to fuel the demand for digital logistic solutions. The increasing demand for fleet and warehouse management systems is expected to augment the need for digital solutions in the logistics sector. Advancements in the sensors and IoT analytics market are expected to attract logistics vendors, to invest in digital solutions. The types of digital logistics in 2020 are inventory management (cited by 46% of vendors), warehouse management systems (WMS, cited by 32%), fleet management, and others. For instance, in October 2018, Oracle, launched Oracle Blockchain Applications Cloud, a suite of services to enhance transparency in the supply chain. It is expected to help in tracking products in the supply chain on a distributed ledger, boosting the reliability of business transactions while accelerating the delivery process.
Request Sample Copy of this Report @ https://univdatos.com/get-a-free-sample-form-php/?product_id=7473
Transportation service providers such as carriers, third-party logistics providers, and freight forwarders have traditionally composed a big market for logistics IT. In 2020, 81% of respondents tells they sell to the transportation service industry. But that number has fallen since 2019, when 93% of respondents counted transportation service providers among their customers. According to a survey in 2020, three industries play a huge role in the market as transportation services: manufacturing (81%), wholesale (81%), and retail (80%). In 2019, 55% of respondents said that their solutions were cloud-based, Software as a Service (SaaS), or hosted. But in 2020, 100% of respondents report they offer such solutions. 42% vendors gave customers a choice that they may implement solutions in the cloud or on a customer's own premises — the same as in 2019. The number of vendors who offer on-premises solutions only — already a mere 1% in 2019 — dwindled to zero in 2020.
Covid-19 Impact
The outbreak of the COVID-19 pandemic has hurt the consumer sector which contributes the most to economic growth. The retail, catering, and travel services are experiencing tremendous cash flow pressure due to declining sales and high fixed costs. The logistics and supply chain companies are under pressure due to higher emphasis of national government on the continued supply of essential commodities and healthcare products. Thus, the logistics chains are witnessing unusual and massive losses from the disruption caused by the COVID-19 pandemic. The shutdown of factories and scarcity of workforce to de-stuff cargo as well as drivers to operate trucks for cargo clearing has derailed the trade and smooth functioning of the logistics industry. Digitization of core business activities such as fleet monitoring, documentation, seamless networks of communication, the management of revenue, and building digital foundations by modernizing systems in the COVID times has helped logistics companies to shorter innovation cycles, agility, and quick solution.
Request Sample Copy of this Report @ https://univdatos.com/get-a-free-sample-form-php/?product_id=7473
Digital Logistics Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Type, the market is primarily segmented into
• Inventory Management
• Warehouse Management System
• Fleet Management
• Others
The digital logistics type segment is mainly bifurcated into the inventory management, warehouse management system, fleet management, and others. In 2020, fleet management segment accounted for a maximum share in terms of revenue.
By Organization Size, the market is primarily studied into
• Large Enterprises
• Small-Medium Enterprises
Based on organization size, the digital logistics market is fragmented into large enterprises, and small-medium enterprises. In 2020, the large enterprise segment accounted market share in terms of revenue and is expected to remain dominant during the analyzed period.
By Deployment Mode, the market is primarily studied into
• Cloud
• On-Premises
Based on deployment mode, the digital logistics market is fragmented into cloud and on-premises. In 2020, the cloud segment accounted for more than X% revenue share.
Request Sample Copy of this Report @ https://univdatos.com/get-a-free-sample-form-php/?product_id=7473
By Verticals, the market is primarily studied into
• Retail
• Automotive
• Pharmaceuticals
• Food & Beverage
• Oil & Gas
Based on verticals, the retail segment is growing with a highest CAGR X% during the forecast period.
Digital Logistics Market Geographical Segmentation Includes:
• North America (The United States)
• Europe (United Kingdom, Germany)
• Asia-Pacific (China, Japan, India, and South Korea)
• Rest of World
Based on the estimation, North America region dominated the market in 2020.
The major players targeting the market includes
• IBM
• Oracle
• SAP
• Intel
• Infosys
• HCL Technologies
• Samsung SDS
• Cloud Logistics
• Digi Logistics
• Tech Mahindra
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Digital Logistics market. The leading players have been analyzed by using research methodologies for getting insight views on global competition.
For more informative information, please visit us @ https://univdatos.com/report/digital-logistics-market/
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the digital logistics market?
• Which factors are influencing the digital logistics market over the forecast period?
• What are the global challenges, threats, and risks in the digital logistics market?
• Which factors are propelling and restraining the digital logistics market?
• What are the demanding global regions of the digital logistics market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
Contact us:
UnivDatos Market Insights (UMI)
Email: sales@univdatos.com
Web: https://univdatos.com
Ph: +91 7838604911
About Us:
UnivDatos Market Insights (UMI), is a passionate market research firm and a subsidiary of Universal Data Solutions. Rigorous secondary and primary research on the market is our USP, hence information presented in our reports is based on facts and realistic assumptions. We have worked with 200+ global clients, including some of the fortune 500 companies. Our clientele praises us for quality of insights, In-depth analysis, custom research abilities and detailed market segmentation.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Digital Logistics Market to Reach USD 46 Billion by 2027 Globally |CAGR: 18%| Industry Overview by Top Players - IBM, Oracle, SAP, Intel, Infosys, HCL Technologies, Samsung SDS, Cloud Logistics, Digi Logistics, and Tech Mahindra here
News-ID: 2433247 • Views: 618
More Releases from UnivDatos Market Insights (UMI)
Airline Route Profitability Software Market - Industry Size, Share, Growth & For …
The Airline Route Profitability Software Market is expected to grow at a steady rate of around 10% owing to the increased adoption of technologies such as artificial intelligence, mobile and conversational commerce coupled with business analytics and market intelligence. Thus, helping airlines to identify demand trends and increase profit margins by calculating and evaluating the cost of currently operated routes. Moreover, the rising need to find shorter as well as…
Building Energy Management System Market - Industry Size, Share, Growth & Foreca …
Global Building Energy Management System market is expected to register a CAGR of around 11% over the period of 2022-2028. A building energy management system (BEMS) is a computer-based system that monitors and controls a building's electrical and mechanical equipment such as lighting, power systems, heating, and ventilation. Growth in technological advancement has made building energy management systems a vital component for managing energy demand, especially in large building sites.…
Cloud Computing Market - Industry Analysis by Size, Share, Growth & Forecast (20 …
Internet penetration rate and data generated yearly are some of the most prominent factors driving the growth of the cloud computing market because as the size of generated data increases the need for this data to be stored either in physical storage devices or in cloud storage also increases. Moreover, physical storage devices are easy to access but they are more expensive and less secure than cloud storage, there is…
Perimeter Security Market Report 2022 - Global Business Trends, Emerging Growth, …
Perimeter security refers to an integrated system that enables the physical security of a facility. It helps in protecting against unauthorized physical intrusion. Outdoor perimeter security includes technologies such as video surveillance systems, access control systems, communication and notification systems, and intruder detection systems. Recent technological advances have introduced infrared, microwave, radar, and seismic sensors. This has contributed to the robustness of these systems.
Download a Sample Copy of this Report…
More Releases for Logistics
Cold Chain Market 2021 Precise Outlook- AmeriCold Logistics, Nichirei Logistics …
The Global Cold Chain Market provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. The report covers the post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is…
Food Logistics Market Worth Observing Growth | Trinity Logistics, AmeriCold Logi …
The latest launched report on Global Food Logistics Market delivers a transformation framework to understand how megatrends affect industry growth, taking into account the major disrupting forces creating uncertainties for every organisation in the Food Logistics. Based on these outcomes, HTF MI outline plan for these volatile scenarios considering companies such as Port Jersey Logistics, DB Schenker, Henningsen Cold Storage, R2 Logistics, AN Deringer, ODW Logistics, Matson Logistics, Allen Lund,…
Logistics Market Future Outlook | AmeriCold Logistics, Nichirei Logistics, Linea …
WiseGuyRerports.com Presents “Global Logistics Market Size, Status and Forecast 2020-2026” New Document to its Studies Database
The extensive market study presents a complete analysis of the global Logistics market, including the latest developments, current market conditions, and the growth potentialities during the review period. Accurate statistics with regard to the product, methods as well as the share belonging to the key businesses in the market are also given in the report.…
Cold Chain Logistics Market Size 2020 by Top Key Players | Nichirei Logistics Gr …
Cold Chain Logistics Market report' to its research archive which allows exploring the industry in a 360-degree view while marking major insights and highlights accelerating the Cold Chain Logistics market trends. The data sourced from the report enables formulating business plans and helps decision making to improve profitability. The Cold Chain Logistics market has been witnessing consistent growth over the last few years and is projected to continue growing with…
Healthcare Cold Chain Logistics Market 2020 Business Scenario - AmeriCold Logist …
The Global Healthcare Cold Chain Logistics Market will increase at a compound annual growth rate of 10.09% (approx.) between 2020 and 2026.
The Healthcare Cold Chain Logistics Market report is a collection of pragmatic information, quantitative and qualitative estimation by industry experts, the contribution from industry connoisseurs and industry accomplices across the value chain. Furthermore, the report also provides the qualitative results of diverse market factors on its geographies and segments.…
Third-Party Logistics Market: Leading Players – XPO Logistics , Yusen Logistic …
Third-Party Logistics Market report provides key information about the industry, including invaluable facts and figures, expert opinions, and the latest developments across the globe. The Report also calculate the market size, the report considers the revenue generated from the sales of This Report and technologies by various application segments.
Download Sample PDF copy of this report https://supplydemandmarketresearch.com/home/contact/272389?ref=Sample-and-Brochure&toccode=SDMRSE272389&utm_source=s.
The study objectives of this report are:
To analyze global Third-Party Logistics status, future forecast,…
