Press release
Driving Digital Transformation: Digital Logistics Market Set to Grow at 17.8% CAGR, Surging to $28.3 Billion by 2025
What Is The Projected Market Size Of The Global Digital Logistics Market And Its Growth Rate?
• The digital logistics market in 2024 was $24.03 billion.
• It is projected to reach $28.3 billion in 2025, growing at a CAGR of 17.8%.
• Growth factors include globalization, rise of omnichannel retail, data-driven decision-making, and focus on inventory optimization.
• The market size is expected to witness rapid growth to $54.14 billion in 2029 at a CAGR of 17.6%, driven by a surge in e-commerce volumes, shift towards servitization, and advancements in digital twins for supply chain visualization.
What Is Driving The Growth In The Digital Logistics Market?
The digital logistics market is being propelled by the unprecedented growth of the e-commerce industry. A robust logistics supply chain with transparency, operational ease and efficiency, made possible by digital technologies, is critical to meet the demands of e-commerce. As per the United States Census Bureau, U.S. retail e-commerce sales in Q2 of 2024 were estimated at $291.6 billion, marking a 6.7% increase from Q2 of 2023, thereby emphasizing the powerful influence of e-commerce on the digital logistics market's growth trajectory.
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Who Are the Key Players Driving Digital Logistics Market Growth?
Major players driving the digital logistics market include:
• Oracle Corporation
• IBM Corporation
• SAP SE
• Advantech Co Ltd.
• AT&T Inc.
• Intel Corporation
• Honeywell International Inc.
• HCLTech Ltd.
• Blue Yonder Inc.
• DigiLogistics
• Hexaware Technologies Ltd.
• Tech Mahindra Pvt. Ltd.
• Samsung SDS
• ORBCOMM Inc.
• Huawei Technologies Co. Ltd.
• UPS Supply Chain Solutions
• XPO Logistics Inc.
What Are The Key Trends In The Digital Logistics Market?
Key trends influencing the market include:
• Adoption of IoT in logistics
• Automation and robotics in warehousing
• Artificial intelligence (AI) in route optimization
• Cloud-based logistics platforms
• Sustainable logistics practices
• 5g connectivity for logistics networks
• Enhanced cybersecurity measures
• Predictive analytics for demand forecasting
What Are The Segments Of The Global Digital Logistics Market?
1) By Component: Solution, Services
2) By System: Tracking And Monitoring Systems, Information Integrated Systems, Electronic Data Interchange Systems, Database Management Systems, Fleet Management Systems, Order Management Systems
3) By Deployment Mode: Cloud, On-Premises
4) By Application: Warehouse Management, Labor Management, Transportation Management
5) By End-User Industry: Government, Aerospace, Defense, Automotive, Oil And Gas, Retail, Manufacturing, Healthcare, Other End-User Industries
Which Region Leads The Digital Logistics Market?
North America was the largest region in the digital logistics market in 2024. The report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Digital Logistics Market Global Market Report?
- Market Size Analysis: Analyze the Digital Logistics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Digital Logistics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Digital Logistics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Digital Logistics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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