Digitization in Logistics Supply Chain Industry is Expected to Reach US$ 23607.06 million by 2027 at a 8.5% CAGR

The digitization in logistics supply chain market expected to grow from US$ 13336.57 million in 2020 to US$ 23607.06 million by 2027; it is estimated to grow at a CAGR of 8.5% from 2020 to 2027.

The global logistics and transportation sector is soaring at an exponential rate since the past decade. The demand for transportation of raw materials from procurement sites to production units, and finished product from manufacturing facilities to warehouses and distribution centers, and ultimately to customers, requires extensive supply chain and logistics infrastructure.The continuous growth in the logistics sector has allowed several software developers and connected devices manufacturers to design and develop robust software and systems to allow manufacturing facilities as well as the logistic partners to leverage efficient technologies. The rise in e-commerce has further bolstered the logistics sector. The e-commerce industry is continuously expanding due to the regular increase in the number of companies. The e-commerce giants are continuously increasing their investments toward new warehouses and distribution centers. This is propelling the demand for higher volumes of transportation infrastructure.Thus, e-commerce is a key enabler of the global logistics sector growth and is anticipated to influence digitization in logistics supply chain market significantly.

The benefits of intelligent logistics solutions are attracting many logistics players, and it is foreseen to fascinate more businesses over the years. Moreover, the development of last-mile delivery using drones also projects a significant demand for IoT-based logistics solutions to manage these drones used in deliveries. Also, over the years, the governments of various countries are anticipated to allow the usage of drones for last-mile delivery, based on numerous successful trails. Thus, smart logistics development is anticipated to drive the digitization in logistics supply chain market in the future.

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Impact of COVID-19 on Digitization in Logistics Supply Chain Market

The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has a positive impact on the Digitization in Logistics Supply Chain market. Many companies now operate their businesses on online platforms due to the lockdown conditions; more companies are adopting for Digitization in Logistics Supply Chain. Demand for Digitization in Logistics Supply Chain solutions is increasing during COVID-19 and is also set to increase during the forecast period.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Digitization in Logistics Supply Chain 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 & Central America. The Digitization in Logistics Supply Chain market by each region is later sub-segmented by respective countries and segments. The Digitization in Logistics Supply Chain market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the Digitization in Logistics Supply Chain 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 highlighting factors affecting the Digitization in Logistics Supply Chain market in these regions.

Competitive scenario:

The study assesses factors such as segmentation, description, and applications of Digitization in Logistics Supply Chain industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business.

Scope of the Report

The research on the Digitization in Logistics Supply Chain market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the Digitization in Logistics Supply Chain market on the basis of end user, product type, application, and demography for the forecast period 2020-2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Digitization in Logistics Supply Chain market during the forecast period, i.e., 2020-2027. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application, technology, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.

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Major highlights of the report:

All-inclusive evaluation of the parent market

Evolution of significant market aspects

Industry-wide investigation of market segments

Assessment of market value and volume in past, present, and forecast years

Evaluation of market share

Study of niche industrial sectors

Tactical approaches of market leaders

Lucrative strategies to help companies strengthen their position in the market

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