Emerging Trends Influencing The Growth Of The Digital Logistics Market:Technological Advancement Driving Innovation In Digital Logistics

The Digital Logistics Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Digital Logistics Market Size Expected to Be by 2034?
The size of the digital logistics market has seen impressive growth in the past years. In terms of figures, the market will expand from its $24.03 billion value in 2024 to reach $28.3 billion by 2025, displaying a compound annual growth rate (CAGR) of 17.8%. The historic period growth is largely due to various factors such as globalization and the complexity of supply chains, the rise of e-commerce, an increased focus on sustainability, emergence of omnichannel retail, heightened customer expectations for quicker delivery, fluctuating market situations, regulatory compliance demands, the utilization of data in decision-making processes, and a concentrated focus on inventory optimization.

Predictions show a speedy expansion in the digital logistics market size over the coming years, inflating to a value of $54.14 billion in 2029 with a robust compound annual growth rate (CAGR) of 17.6%. Factors driving this growth during the projection period include a surge in e-commerce volume, the advent of autonomous vehicles, improved cybersecurity precautions, a shift towards servitization, supply chain visualization using digital twins, and promotion of cross-border trade. Other key trends for the forecast period encompass the integration of IoT in logistics, the implementation of automation and robotics in warehousing, the use of artificial intelligence (AI) for route optimization, the establishment of cloud-based logistics systems, the instigation of sustainable logistics approaches, 5g connectivity enhancement in logistics networks, further cybersecurity provisions, and the application of predictive analytics for demand prediction.

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What Are the Emerging Segments Within the Digital Logistics Market?
The digital logistics market covered in this report is segmented -

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

Subsegments:
1) By Solution: Transportation Management Systems (TMS), Warehouse Management Systems (WMS), Inventory Management Solutions, Supply Chain Visibility Solutions, Fleet Management Solutions
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services

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What Long-Term Drivers Are Shaping Digital Logistics Market Trends?
The surge in the e-commerce sector is forecasted to fuel the expansion of the digital logistics market. Referring to the online sale of physical products, e-commerce could also encompass any business transactions facilitated via the internet. The burgeoning e-commerce sector necessitates a strong logistics supply chain characterized by transparency, seamless operations, and reduced inefficiencies, all facilitated by digital logistics that also helps in cutting down costs. For example, in August 2024, the United States Census Bureau - a government agency, reported that the U.S. retail e-commerce sales for the second quarter of 2024 were approximately $291.6 billion, reflecting a 6.7% rise compared to the same period in 2023. E-commerce accounted for 16.0% of the total retail sales for the period, keeping the steady growth of online retail intact. On a non-adjusted seasonal basis, the e-commerce sales for the same quarter came in at $282.3 billion, making up 15.2% of the total sales. As a result, the robust growth of the e-commerce sector is anticipated to boost the digital logistics market's expansion in the forthcoming years.

Who Are the Top Competitors in Key Digital Logistics Market Segments?
Major companies operating in the digital logistics market are 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., Freightgate, Huawei Technologies Co. Ltd., WebXpress, Ramco Systems Ltd., Logisuite, ICAT Logistics, JDA Software Pvt. Ltd., Cloud Logistics, Infosys Limited, Kuehne + Nagel International AG, UPS Supply Chain Solutions, accenture* PLC, Capgemini SE, Cognizant Technology Solutions Corporation, Deutsche Post DHL Group, FedEx Corporation, Kenco Logistics Services LLC, Schneider Electric SE, XPO Logistics Inc.

What Digital Logistics Market Trends Are Gaining Traction Across Different Segments?
The progress of technology is becoming a prominent trend in the digital logistics market. Major organizations functioning in the digital logistics market concentrate their efforts on research and development to create technologically superior digital logistics solutions, opening up a range of possibilities for interconnected logistics. For instance, XPO Logistics, an American transportation firm, unveiled its unified digital customer service management platform named Assist, across the Iberian Peninsula in September 2022. The main purpose of this inventive platform is to streamline customer account service inquiries and procedures, providing efficient communication tools and immediate sight of customer inquiry statuses. The implementation of Assist has expedited responses to customer inquiries due to the reduced time spent on administrative duties by customer service teams.

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Which Regions Are Becoming Hubs for Digital Logistics Market Innovation?
North America was the largest region in the digital logistics market in 2024. The regions covered in the digital logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Digital Logistics Market?
2. What is the CAGR expected in the Digital Logistics Market?
3. What Are the Key Innovations Transforming the Digital Logistics Industry?
4. Which Region Is Leading the Digital Logistics Market?

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