Global Digital Logistics Market Insights and Forecast to 2028

Digital Logistics Market Statistics 2028
The global Digital Logistics market size is projected to reach US$ 22170 million by 2028, from US$ 10230 million in 2021, at a CAGR of 11.5% during 2022-2028. Key drivers of the digital logistics market include demand for cost-effective logistics and supply chain solutions across several industry verticals. In addition to it the growing digitalization trend and rising demand for fleet and warehouse management systems are also driving the growth of the market. Other factors contributing to the growth of the digital logistics market are the evolving data analytics technologies and tools leading to rapid adoption by logistics companies, growing penetration of the eCommerce industry, enhancement of delivery capabilities through the usage of drones, and digital trucks for carrying out shipments. Moreover digital logistics allows growing collaboration between diverse internal and external stakeholders for reducing the data silo effect which further creates lucrative opportunities for the growth of the market.

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Trends Influencing the Growth of Digital Logistics Market
Growing penetration of the ecommerce industry
Surging ecommerce activity is leading logistics companies to handle tiny individual requests more swiftly and accurately.Consumers now demand accurate orders, same day or same hour delivery and free returns.Moreover users can track location, availability and movement of assets through digital logistics systems.They also enable consumers to keep track of asset in real time. Thus with consumers getting used to digital services they want the same flexibility and quality of service in other industries as well. Hence there has been a growing digital transformation in the logistics industry with companies providing multiservice online platforms for catering to the needs of both personal and business consumers further facilitating the growth of the digital logistics market during the forecast period. Moreover, the rising global middle class and increasing internet penetration are also contributing to the growth of the market.

Rising demand for fleet management system
Due to growing globalization of supply chains and freight logistics there is an increasing need to effectively manage the increasing logistics and supply costs. Various freight businesses can effectively manage a wide range of expenses by using detailed digital logistics solutions such as warehouse management, fleet management, labor and transportation management. Thus globalized supply chain and freight logistics is creating increasing demand for warehouse and fleet management systems etc ultimately surging the growth of the digital logistics market during the forecast period.

Increased Usage of advanced technology for data driven information and data silo

Major industry players are using advanced analytics tools, software for supply chain optimization, reducing maintenance costs, and increasing utilization. There is also an increasing usage of tools by companies for control tower solutions with real-time visibility leading to incremental benefits by reducing downtime and recovery costs. Further, with new delivery options offering efficient delivery of shipments such as digital trucks, drones etc the market is expected to witness a huge growth in the coming years. Moreover digital logistics allows collaboration between internal and external stakeholders and reduces multiple maintenance of data in separate systems called data silo effect by providing a single interface that provides a wholesome of the supply chain increases, cross department, cross trading partner visibility and coordination thereby increasing agility and reaction time. Thus wide scale adoption due to increasing advanced technology and data silo effect benefit will spur the demand for the digital logistics market during the forecast period.

Huge customer and social benefits

Digital transformation has the capability to bring in a new revolution in the logistics space by providing a host of benefits. These include reduced CO2 emissions, exponential growth of cross border trade ,simplification of trade processes by online platforms and discounts to customers due to rising utilization levels. Thus a growing number of benefits will provide exponential growth for the digital logistics market especially from initiatives such as shared warehouse agreements. Moreover, the rise of digitally enhanced cross-border platforms will provide lucrative opportunities for the logistics industry to earn profits. And with growing advancements in sensors and IoT technologies, various logistics vendors will be attracted to invest heavily in digital solutions of the industry, leading to the growth of the Digital Logistics market.

Digital Logistics Market Share Analysis
Based on region, North America is expected to hold the largest digital logistics market share during the forecast period due to significant presence of IT corporations in the US and Canada, rising investments in cutting edge digital logistics systems and services, developed economy and rapid technical breakthroughs.

Based on application, the warehouse segment is expected to be one of the most lucrative segment for growth in the digital logistics market share during the forecast period as the warehouse segment is widely used for tracking the arriving and outgoing of merchandise in the warehouse and orders are synced with inbound and outbound logistics data in the WMS.

Digital Logistics Market by Company
Advantech Corportion
Digilogistics
Hexaware Technologies
IBM
JDA Software
Oracle
Samsung Co
SAP Ag
Tech MahindrA
UTI Worldwide Inc

Digital Logistics Market by Type
Consulting services
System integration services
Other services

Digital Logistics Market by Application
Warehouse management
Labor management
Transportation management

Digital Logistics Market by Region
North America
Europe
China
Japan
Southeast Asia
India
Central & South America

Digital Logistics Market Study Objectives
To analyze global Digital Logistics status, future forecast, growth opportunity, key market and key players.
To present the Digital Logistics development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.

SIMILAR REPORT

https://reports.valuates.com/market-reports/INFO-Othe-025/worldwide-iot-in-logistics

https://reports.valuates.com/market-reports/ALLI-Auto-4E240/connected-logistics

https://reports.valuates.com/market-reports/ALLI-Auto-1C124/e-commerce-logistics

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