Global Digital
Logistics Market - Overview
According to Market Research Future (MRFR), the
global Digital Logistics Market size is estimated to touch
USD 19 billion at a CAGR of 11% from 2016 to 2023 (forecast period). The report
addresses and explores the effect of the Covid-19 outbreak on the digital
logistics industry, including potential opportunities and challenges, drivers,
and risks.
Logistics plays a crucial role in the management of
the supply chain and helps to handle every business efficiently. Logistics is
the process of managing things from the point of production to the point of
consumption by customers. Changes in dynamics and consumer demand for
innovative solutions are increasing market demand. Digital Logistics provides a
range of benefits to businesses by offering improved efficiency, profitability,
cost savings, customer-centric solutions, and improved supply chain. As a
result, various companies around the world are adopting these approaches in
order to achieve a competitive advantage in the industry. Digital logistics use
digital technology and communications to strengthen the supply chain and
increase the efficiency of the supply chain integration by reducing the
operating costs.
Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/5831
Market Dynamics
Digital logistics are being widely implemented at a
rapid rate; the advent of new technologies and the development of existing
solutions are critical factors in the sector's growth. Digital technology is
paired with innovative applications that are a crucial driver for the global
market. Digital logistics will minimize costs and time, and its higher level of
adoption will have a positive impact on the digital logistics industry in the
coming years. Moreover, the factors propelling the growth of the digital
logistics market are the large volume of data and enhanced logistics
operations, which significantly boost the market growth. Digital logistics is a
method that makes logistic operations smarter with the aid of digital
technology. The rising demand for digital technology is driving the growth of
the digital logistics market.
Nevertheless, the lack of proper ICT infrastructure,
security concerns, privacy, and reliability are some of the factors that impede
the growth of the global digital logistics industry. In addition, system
scalability and costly data communication also hinder the market growth.
Market Segmentation
The global market for digital logistics has been
segmented based on components, applications, and verticals.
By component, the global market for digital
logistics has been segmented into services and systems. Furthermore, the system
is divided into database management systems, information integrated systems,
order management systems, tracking and monitoring systems, aelectronic data
interchange systems, and fleet management systems. Moreover, services are
divided into consulting services and system integration services.
By applications, the global market for digital
logistics has been segmented into warehouse management, transportation
management, and labor management.
By verticals, the global market for digital
logistics has been segmented into automotive, government, defense, aerospace,
healthcare, manufacturing, retail, and others.
Regional Analysis
The regional analysis of the global market for
digital logistics is done for regions such as North America, Asia Pacific,
Europe, and the Rest of the World.
North America is experiencing high growth due to the
growing penetration of digital technologies and systems like radio frequency
identification, electronic data interchange, and other technologies that drive
the digital logistics market.
In the European region, the market for digital logistics
is growing rapidly due to the next generation of cloud services that are
driving the market growth.
While Asia Pacific countries, including China,
Japan, and India, are emerging markets for digital logistics and are projected
to gain traction with the growing expansion of Internet connectivity and to
rise with the highest CAGR in the coming years.
Key Players
Some of the key participants identified by MRFR in
the global digital logistics market Tech Mahindra (India), SAP SE (Germany),
Oracle Corporation (U.S.), Samsung Group (South Korea), HCL Technologies
Limited (India), Advantech Co. (Taiwan), International Business Machines
Corporation (U.S.), Huawei Technologies Co., Ltd. (China), JDA Software Group,
Inc. (U.S.), Hexaware Technologies (India) among others.
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/digital-logistics-market-5831
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research
(CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
No comments:
Post a Comment