Digital Logistics Market Analysis 

Digital logistics refers to the integration and automation of logistics operations through the use of digital technologies. It involves the digitization of processes related to the movement of goods, such as inventory management, order fulfillment, and shipment tracking. The objective of digital logistics is to increase efficiency, reduce costs, and improve visibility across the supply chain by leveraging technologies such as cloud computing, the Internet of Things (IoT), and artificial intelligence (AI). It allows businesses to optimize their inventory with full information access, simplifies the interaction of all players in the process chain, and provides end-to-end visibility in inventory, orders, and shipments. Digital logistics is driven by a new generation of web-based, enterprise logistics applications that enable collaboration and optimization, leveraging a central platform for all stakeholders.

Digital Logistics Market Growth is Predicted to Reach US$ 79.12 Billion by 2030 Registering a CAGR of 17.12% by 2022-2030

Various factors are fuelling the global digital logistics market share. As per the recent MRFR market estimates, such factors include the large volume of data and improved logistics operations, the increasing demand for digital technology, increasing use during the COVID-19 pandemic, growing e-commerce industries, and increasing number of partnerships. 

On the contrary, slow adoption of digital logistics solution owing to high capital investment and lack of uniform governance standard in the fragmented logistics industry may deter the digital logistics market growth over the forecast period. 

Digital Logistics Market Segmentation 

The MRFR report throws light on an inclusive segmental analysis of the global digital logistics market based on verticals, applications, and component. 

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By component, the global digital logistics market is segmented into system and services. The systems segment is again bifurcated into electronic data interchange systems, tracking and monitoring systems, information integrated systems, fleet management systems, order management systems, and database management systems. The services segment is again bifurcated into system integration services and consulting service. Of these, the data base management segment will lead the market over the forecast period. 

By applications, the global digital logistics market is segmented into labor management, transportation management, and warehouse management. 

By verticals, the global digital logistics market is segmented into retail, manufacturing, healthcare, aerospace, defense, government, automotive, and others. Of these, the manufacturing sector will dominate the market over the forecast period. 

Digital Logistics Market Regional Analysis 

By region, the global digital logistics market revenue covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America and the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period.

Increasing penetration of digital systems and technologies like electronic data interchange and radio frequency identification, increasing adoption in automotive, defense, healthcare, and other industries, increasing demand for digital and mobile communication, and growing use for real-time location access, movement of assets and delivery notifications are adding to the global digital logistics industry growth. 

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In Europe, the global digital logistics market is predicted to have the second-largest share over the forecast period for the increasing use of next generation of cloud services. 

In the APAC region, the global digital logistics market is predicted to grow at a fast pace over the forecast period. Increasing penetration of internet connectivity, booming e-commerce industry, growing transportation business, the expansion of business in untouched areas, developing regional e-commerce sector, the adoption of newer technologies, increasing global competition, increasing penetration of smart devices and connected machines, high economic growth in Vietnam, China, and India, and increasing investments in smart cities are adding to the global digital logistics market growth in the region. India, Japan, and China have the utmost market share. 

In RoW, the global digital logistics market is predicted to have sound growth over the forecast period. 

Digital Logistics Market Key Players 

The notable players profiled in the global digital logistics market report include Hexaware Technologies (India), JDA Software Group, Inc. (U.S.), Huawei Technologies Co., Ltd. (China), International Business Machines Corporation (U.S.), Advantech Co. (Taiwan), HCL Technologies Limited (India), Samsung Group (South Korea), Oracle Corporation (U.S.), SAP SE (Germany), and Tech Mahindra (India), among others. Mergers and acquisitions, partnerships, collaborations, joint ventures, new product launch and development, geographic expansions, and others are the key factors used by industry players to stay ahead and also cater to the burgeoning needs of customers. 

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Industry Updates 

March 2021- Amsted Digital Solutions has acquired GeoMetrix Rail Logistics with an aim to expand its digital footprint. 

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