Digital Transformation Spending on Logistics Market to Reach USD 106.95 Billion by 2030

Digital Transformation Spending on Logistics Market size was valued at USD 57.2 Billion in 2023 and the total Digital Transformation Spending on Logistics Market revenue is expected to grow at a CAGR of 9.35% from 2024 to 2030, reaching nearly USD 106.95 Billion.

Digital Transformation Spending On Logistics Market Overview:

The Digital Transformation Spending in Logistics Market is experiencing significant growth, driven by the increasing adoption of advanced technologies to enhance efficiency, reduce costs, and improve customer satisfaction. Logistics companies are investing in digital solutions such as cloud computing, Internet of Things (IoT), artificial intelligence (AI), and blockchain to streamline operations and gain real-time insights across the supply chain. This shift towards digitalization is enabling better decision-making, predictive analytics, and automation, which are essential for meeting the evolving demands of global trade and consumer expectations.

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Digital Transformation Spending On Logistics Market Outlook and Future Trends :

Looking ahead, the market is poised for continued expansion as logistics providers increasingly recognize the value of digital transformation in achieving operational excellence and competitive advantage. Emerging trends include the integration of AI and machine learning for predictive analytics, the use of IoT devices for real-time tracking, and the implementation of blockchain for enhanced transparency and security. Additionally, the rise of e-commerce and the need for faster, more reliable delivery services are prompting logistics companies to adopt digital tools that can optimize route planning, inventory management, and customer engagement. As these technologies become more accessible and cost-effective, their adoption is expected to accelerate across the logistics sector.

Key Recent Developments:

In recent developments, major logistics firms are forming strategic partnerships and investing in cutting-edge technologies to drive digital transformation. For instance, a leading shipping company has collaborated with a prominent technology firm to integrate AI solutions into its global operations, aiming to enhance efficiency, reduce delivery times, and minimize costs and carbon emissions. Such collaborations underscore the industry's commitment to leveraging digital technologies to improve performance and sustainability. Furthermore, logistics providers are increasingly deploying AI-driven tools for better prediction and warehouse operation planning, reflecting a broader trend towards automation and intelligent decision-making in the sector

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Digital Transformation Spending On Logistics Market Segmentation:

by Offering

Hardware
Software
Services

by Software Solutions

IoT platform
Warehouse Management and Control System
Transport Management System
Others

by Hardware Solutions

Systems
Devices
IT Equipment's
RFID Readers

by Hardware Solutions by Devices

Real-time location system (RTLS)
Barcode Scanners
Barcode Printers
Barcode Stickers
RFID Tags
Global positioning system (GPS)
Others

by Deployment Mode

Cloud
On-Premise

Some of the current players in the Digital Transformation Spending On Logistics Market are:

1. 3GTMS - United States
2. 4Flow AG - Germany
3. Advantech - Taiwan
4. Atos SE (Syntel) - France
5. BlueYonder/JDA Software WMS - United States
6. Hexaware Technologies - India
7. IBM - United States
8. Mindtree - India
9. Oracle - United States
10. Samsung - South Korea
11. Sanco International - Saudi Arabia
12. SAP - Germany
13. Tech Mahindra - India
14. Unisys Corporation - United States
15. Icreon/XPO Logistics - United States
16. Manhattan Associates - United States
17. Kinaxis - Canada
18. Infor - United States
19. TMS Logistics - United Kingdom
20. Körber Supply Chain - Germany

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