Digital Logistics Market - Latest Trends and Opportunities
According to a new report published by Reports Monitor titled, “ Global Digital Logistic Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the global digital logistic market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Digital systems offers a life time asset management considering materials, labor, vehicles etc . Providing customer effective centric solutions, improving supply chain and enhancing efficiency, digital logistics imparts competitive advantage, profitability and efficiency to the companies Furthermore it also enables the users to find out the availability ,real-time location and movement of assets.
Logistics is considered to be as the most important activity among the components of the business and Supply Chain Management system. Considering the logistics security issue has a huge influence over both small and large firms, companies are moving toward the adoption of digital logistics. Digital logistics driven by the appearance of m-commerce and e-commerce that empowered the customers to source products from all over the world. Growing use of application, cost and time saving, emergence of digital technology, high volume of data and improved service quality are the leading factors driving the market. Lack of digital infrastructure, privacy issues and security threats are the challenges for the digital logistics market. Industries are facing problems while tracking and monitoring their logistics supply networks across the globe. This problem leads to lose a way during distribution, delivery and production in the complete logistics chain, that is the major reason for opportunity cost by the disappointment of customers.
The global digital logistics market research provides trends, future growth potential, key drivers, restraints, opportunities, and best practices in this digital logistics market. The report also provides revenue forecast, market size across different regions considering Middle-East and Africa (MEA), Europe, Asia-Pacific (APAC), Latin America (LA)and North America (NA). Moreover, It also provides a comprehensive study of the drivers, restrains, and opportunities in the digital logistics market.
The global digital logistics market is analyzed across segments such as systems, services, applications, verticals and regions. On the basis of system, digital logistics market can be segmented considering electronic data interchange systems, database management systems, fleet management systems, Order management systems, Tracking and monitoring systems, Information integrated systems. On the basis of services, it can be segmented into system integration services, consulting services and other services. On the basis of applications ,the digital logistics market can be segmented into transportation management, warehouse management, labour management. Moreover, on the basis of vertical, the market is segmented into chemical, oil and gas, automotive, government, defense and aerospace, healthcare and life science, telecommunication and IT, industrial, engineering and manufacturing, retail, others and on the basis of region, the market is segmented into Asia-Pacific (APAC), Latin America (LA) , North America (NA), Europe, Middle East and Africa (MEA).
Due to the technological advancement in the field of digitization, North America and Europe are the regions expected to lead .The digital logistic market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and South America. Whereas, due to the booming E-commerce industry, Asia-Pacific region is expected to grow at a significant rate .
The key vendors in this market are:
IBM Corporation, Tech Mahindra Limited, Digital Logistics, STAR COOPERATION GmbH, Digital Logistics Group Ltd, DigiLogistics Technology Ltd, Mindtree, SAP SE, PartnerTech, Oracle and more.
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