Digital Logistics Market Top Companies Study - Ramco Systems, Logisuite, Impinj, Intersec, ICAT Logistics, Magaya, Softlink.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Digital Logistics Market Size, Share & Trends Analysis Report By Application (Warehouse Management, Transportation Management), Solution (Asset Management, Data Management & Analytics, Network Management, Security, Warehouse Management ), Services (Deployment & Integration, Planning & Consulting, Support & Maintenance ), Deployment Mode (cloud and on-premises), Organization Size (large enterprises and small & medium-sized enterprises), End-user (retail & E-commerce, manufacturing, pharmaceuticals & healthcare, energy & utilities, aerospace & defense, automotive)- Market Outlook And Industry Analysis 2034"

The global Digital Logistics Market is estimated to reach over USD 269.6 Bn by the year 2034, exhibiting a CAGR of 21.2% during the forecast period.

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Digital logistics encompasses the integration of advanced technologies and communication systems within logistics operations to streamline processes, reduce operational costs, enhance supply chain efficiency, and deliver customer-centric solutions. Key advantages of digital logistics include the adoption of data-driven strategies, improved performance and quality of logistics services, and strengthened collaboration across various supply chain stakeholders.

By enabling more agile and cost-effective operations, digital logistics contributes to improved organizational performance and optimized inventory management. Consequently, companies across the globe are increasingly deploying these solutions to achieve a competitive edge. The growing adoption of digital technologies, combined with the enhanced capabilities of existing systems and the emergence of innovative applications, is a significant factor propelling the expansion of the digital logistics market.

Furthermore, the ongoing trend toward digitalization has opened new avenues for achieving sustainable competitive advantages by systematically enhancing logistics efficiency and progressively reducing associated costs.

List of Prominent Players in the Digital Logistics Market:
• Advantech
• AT&T
• Blue Yonder (Formerly Known as JDAJDA Software)
• Cloud Logistics
• Digilogistics Technology Limited
• Eurotech SPASPA.
• Freightgate Inc.
• HCLHCL Technologies
• Hexaware
• Honeywell
• IBM
• ICAT Logistics
• Impinj
• Infosys Limited
• Intel
• Intersec
• Logisuite
• Magaya
• Oracle
• Orbcomm Inc.
• Ramco Systems
• Samsung SDSSDS
• SAP
• Softlink
• Tech Mahindra
• We express

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Market Dynamics
Drivers:
The exponential growth of the e-commerce sector over the past decade, driven by the increasing number of internet users and online purchases, has significantly transformed the logistics landscape. As a result of this surge, logistics service providers are under growing pressure to operate with greater speed and efficiency to meet the demands of individual, small-scale orders. Today's online consumers expect high levels of service, including precise order fulfillment, same-day or even same-hour delivery, and seamless return processes. To address these expectations, e-commerce companies are increasingly focused on minimizing delivery times and operational expenses.

Challenges:
A key challenge impeding the widespread adoption of digital logistics is the lack of standardized governance within the highly fragmented logistics industry. The absence of a unified IoT standard for logistics hinders effective system integration and coordination. As global transportation and logistics sectors strive to enhance supply chain efficiency to maintain profitability, the establishment of consistent and streamlined governance frameworks becomes imperative. Having multiple regulatory authorities within the same field could create confusion, underscoring the need for harmonized oversight.

Regional Trends:
The Asia-Pacific region is expected to hold a substantial share of the digital logistics market and is projected to witness strong growth in the coming years. This can be attributed to the increasing adoption of digital technologies in countries such as China and India. Innovations including the Internet of Things (IoT), artificial intelligence (AI), and cloud computing are playing a crucial role in driving market expansion. For instance, China's logistics industry has actively embraced digital transformation to improve efficiency, especially in response to challenges such as the COVID-19 pandemic. Meanwhile, North America is also anticipated to experience robust growth, fueled by the rapid uptake of digital logistics solutions. Key contributing factors include the booming e-commerce sector, broad adoption of cloud technologies, and the globalization of retail markets, all of which present substantial growth opportunities.

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Recent Developments:
• In May 2022, IBM announced the signing of a Strategic Collaboration Agreement (SCA) with Amazon Web Services, Inc. (AWS), with plans to offer a significant portion of its software catalogue as Software-as-a-Service (SaaS) on AWS. IBM and AWS's relationship will help with supply chain digitalization.

Segmentation of Digital Logistics Market-
By Component-
• Solution
o Asset Management
o Data Management & Analytics
o Network Management
o Security
o Warehouse Management
• Service
o Deployment & Integration
o Planning & Consulting
o Support & Maintenance
By Application-
• Transportation Management
• Warehouse Management
• Workforce Management
By Deployment Mode-
• Cloud
• On-Premises
By Organization Size-
• Large Enterprises
• Small & Medium-Sized Enterprises
By End-user-
• Aerospace & Defense
• Automotive
• Energy & Utilities
• Manufacturing
• Pharmaceuticals & Healthcare
• Retail & E-Commerce
• Other End-users
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.