The Business Research Company’s report on the Digital Logistics Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the digital logistics market’s growth in recent years?
The exponential growth of the e-commerce industry is expected to drive the growth of the digital logistics market going forward. E-commerce refers to the online sale of tangible goods, but it can also refer to any form of a business deal made possible by the internet. The growing e-commerce industry requires a robust logistics supply chain with transparency and smooth functioning, which is made possible by digital logistics that bring visibility, and ease of operation, and removes inefficiencies while reducing costs. For instance, in August 2024, according to United States Census Bureau, a US-based government agency, as of the second quarter of 2024, U.S. retail e-commerce sales were estimated at $291.6 billion, marking a 6.7% increase compared to the second quarter of 2023. E-commerce represented 16.0% of total retail sales for the period, continuing the steady growth trend of online retail. On a non-seasonally adjusted basis, e-commerce sales for the quarter amounted to $282.3 billion, accounting for 15.2% of total sales. Therefore, the exponential growth of the e-commerce industry is expected to propel the growth of the digital logistics market in the coming years .
Access Your Free Sample of the Global Digital Logistics Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=8551&type=smp
How does the future projection of the digital logistics market size compare to its historical growth?
The digital logistics market size has grown rapidly in recent years. It will grow from $24.03 billion in 2024 to $28.3 billion in 2025 at a compound annual growth rate (CAGR) of 17.8%. The growth in the historic period can be attributed to globalization and supply chain complexity, e-commerce boom, focus on sustainability, rise of omnichannel retail, customer expectations for faster delivery, dynamic market conditions, regulatory compliance requirements, data-driven decision-making, focus on inventory optimization.
The digital logistics market size is expected to see rapid growth in the next few years. It will grow to $54.14 billion in 2029 at a compound annual growth rate (CAGR) of 17.6%. The growth in the forecast period can be attributed to rapid growth in e-commerce volumes, growth of autonomous vehicles, enhanced cybersecurity measures, shift towards servitization, digital twins for supply chain visualization, cross-border trade facilitation. Major trends in the forecast period 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, cybersecurity measures, and predictive analytics for demand forecasting.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=8551&type=smp
Which key players are shaping the future of the digital logistics market?
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 trends will propel the growth and evolution of the digital logistics market?
Technological advancement is a key trend gaining popularity in the digital logistics market. Major companies operating in the digital logistics market are focused on research and development for designing technologically advanced digital logistics solutions enabling different use cases in connected logistics. For instance, in September 2022, XPO Logistics, a US-based transportation company, launched its integrated digital customer service management platform, called Assist, across the Iberian Peninsula. This innovative platform aims to simplify customer account service requests and processes, offering efficient communication tools and instant visibility into the status of customer inquiries. The integration of Assist has resulted in quicker responses to customer queries, thanks to the decreased time spent by customer service staff on administrative tasks.
Which regions are expected to become dominant players in the digital logistics market?
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.
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/digital-logistics-global-market-report
What are the emerging key segments in the digital logistics market, and how are they evolving?
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
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8551
What defines the structure and scope of the digital logistics market?
Digital logistics refers to the automation and digitization of procedures involved in the transfer of products. This digital strategy increases data transparency for all of the suppliers and partners who are involved in every stage of supply chain management and operations management, opening up completely new opportunities for companies to reduce operating costs, eliminate productivity losses, and avoid inaccurate order fulfillment.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
