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Digital Logistics Market Is Dazzling Worldwide with Major Giants HCL Technologies, Samsung SDS, Tech Mahindra

A new research document with title 'Digital Logistics Market: Current Analysis and Forecast (2021-2027)’ covering detailed analysis, Competitive landscape, forecast and strategies. The market Study is segmented by key a region that is accelerating the marketization. The study covers geographic analysis that includes regions like North America, LATAM, United States, GCC, Southeast Asia, Europe, APAC, United Kingdom, India or China and important players/vendors such as IBM, Oracle, SAP, Intel, Infosys, HCL Technologies, Samsung SDS, Cloud Logistics, Digi Logistics and Tech Mahindra.

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Enterprises are willingly adopting digital logistics solutions for their day-to-day logistics and supply chain operations to better serve their customers. The digital logistics market is growing rapidly as a result of the increasing requirement for cost-effective logistics and supply chain solutions across various industry verticals. The increasing customer expectation, along with the measures to control the logistics cost, plays a vital role in shaping the future of the digital logistics market.

In 2020, the ecommerce market is not only thriving, but it’s expected that more than 95% of all purchases to be conducted via ecommerce by 2040. It is expected that mobile commerce will take a market share of ecommerce of 72.9% by 2021. Most online customers prefer to pay with credit cards, and around 51% of online shoppers conduct purchases via their smartphones. There are over 2 billion digital buyers in the world.

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. According to survey of vendors, 42% 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-premise solutions only — already a mere 1% in 2019 — dwindled to zero in 2020.

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.

Based on organization size, the digital logistics market is fragmented into large enterprises, and small-medium enterprises. In 2020, the large enterprises segment accounted market share in terms of revenue and is expected to remain dominant during the analyzed period.
Based on verticals, the retails segment is growing with a highest CAGR XX% during the forecast period.

The market dynamics of the digital logistics market, for which a detailed analysis was conducted for different regions across the globe including North America (The United States), Europe (The United Kingdom, Germany), Asia-Pacific (China, Japan, India, and South Korea) and Rest of World. North America region dominated the market in 2020.
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HTF Market Intelligence consulting is uniquely positioned empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist in decision making.

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