The Digital Logistics Market size was USD 29.7 Billion in 2023 and is expected to Reach USD 133.2 billion by 2031 and grow at a CAGR of 20.6% over the forecast period of 2024-2031.
The digital logistics market is experiencing rapid growth as businesses increasingly adopt advanced technologies to enhance supply chain efficiency and transparency. This market encompasses a broad range of solutions, including transportation management systems, warehouse management systems, and blockchain technology, which together facilitate real-time tracking, automation, and data analytics. By leveraging these digital tools, companies can optimize their logistics operations, reduce costs, and improve customer satisfaction. The shift towards digital logistics is driven by the need for greater agility in response to market demands, the rise of e-commerce, and the continuous push for innovation within the logistics sector.
Furthermore, the digital logistics market is characterized by the integration of Internet of Things (IoT) devices and artificial intelligence (AI) to further streamline processes and predict disruptions. IoT-enabled sensors provide real-time data on the condition and location of goods, while AI algorithms analyze this data to forecast potential issues and suggest proactive measures. As a result, logistics providers can minimize delays and enhance the overall reliability of their services. .
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Digital Logistics industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Digital Logistics market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
Huawei Technologies Co., Ltd, IBM, Honeywell, Oracle Corporation, SAP, Intel, HCL Technologies, Blue Yonder, HCL Technologies Limited, AT&T, and other players
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Digital Logistics market.
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It has segmented the global Digital Logistics market
By System
- Tracking & Monitoring System
- Information Integrated System
- Electronic Data Interchange System
- Database Management System
- Fleet Management
- Order Management System
By Services
- Consulting
- System Integration
By Application
- Warehouse Management
- Labor Management
- Transport Management
By Industry Vertical
- Retail
- e-commerce
- Manufacturing
- Pharmaceuticals
- Aerospace
- Energy
- Utilities
- Automotive
- Others
Key Objectives of the Global Digital Logistics Market Report:
- The report conducts a comparative assessment of the leading market players participating in the globalDigital Logistics
- The report marks the notable developments that have recently taken place in the Digital Logistics industry
- It details on the strategic initiatives undertaken by the market competitors for business expansion.
- It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of theDigital Logistics market value chain.
- The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market
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