Digital Logistics Market Development Status, Sales Revenue And Worldwide Opportunities

Digital Logistics Market size was valued at USD 25.36 Bn. in 2022 and the total Digital Logistics revenue is expected to grow by 21.5% from 2023 to 2029, reaching nearly USD 99.16 Bn.

Digital Logistics Market Overview

The analysis, planning, and ongoing optimisation of material and information flows in industrial enterprises constitute the main emphasis of industrial logistics. In recent years, the trend towards digitalization has provided a range of new opportunities to ensure sustained competitive advantages through the methodical enhancement of logistics performance and/or the progressive reduction of logistical expenses. According to the fourth industrial revolution (Industry 4.0) theory, industrial enterprises can achieve longer-term growth and sustainable assurance of competitive advantages by systematically integrating digitalization technologies into their production and logistics processes. This integration is expected to result in higher performance and/or lower costs.

Digital Logistics Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Digital Logistics industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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Digital Logistics Market Dynamics

Governments worldwide are allocating increased funds to their defense budgets, leading to a surge in demand for Digital Logistics. As the nature of warfare evolves, there is a growing need for advanced and refined Digital Logistics to counter emerging threats. Technological advancements and innovations are enabling the development of cutting-edge Digital Logistics with enhanced capabilities.

Digital Logistics Market Segmentation

by System

Tracking and monitoring systems
Information integrated systems
Electronic data interchange systems
Database management systems
Fleet management systems
Order management systems

Because operating costs have decreased, the tracking and monitoring system sector held the highest share of 35% in 2022 and is predicted to rise significantly during the projection period. GPS tracking software can be used by fleet management to determine who is misusing a vehicle or taking unproductive routes. In addition to addressing issues related to driving, it will give a precise breakdown of the hours that drivers have claimed. Controlling a company's technology-hardware, networks, communications, operating systems, and apps, among other things-allows monitoring systems to assess how effectively it performs and analyses its operation while also spotting possible problems and sending out alerts.

by Service

Consulting
System integration services
Other services

by Application

Warehouse management
Labor management
Transportation management

by Industry Vertical

Automotive
Government, Defense and Aerospace
Healthcare and Life Science
Telecommunication and IT
Industrial, Engineering and Manufacturing
Retail
Chemical
Oil and Gas
Others

In 2022, the market was dominated by the IT and telecom sector, which held the biggest share according to Industry Verticals. Customers can enjoy ultra-low latency and extremely high bandwidth for efficient data transfer and analysis with the commercial deployment of the 5G delivery system. This is anticipated to incentivize businesses to embrace MEC techniques. New low-power solutions for IoT systems and networks are also being developed by IT hardware and software companies; these are expected to increase sales and provide new revenue streams. For instance, AT&T Inc. has started providing its clients with MEC-based products, services, and solutions in accordance with their unique demands and specifications.

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Digital Logistics Market Key Players

1. JDA Software
2. Oracle Corporation
3. Samsung Electronics Co
4. SAP AG
5. Advantech Corportion
6. Digilogistics
7. Hexaware Technologies
8. IBM Corporation
9. UTI Worldwide Inc
10. Mindtree
11. PartnerTech
12. Digistics
13. Syntel, Inc.
14. REICHHART Logistics Group
15. Tech Mahindra Limited
16. STAR COOPERATION GmbH
17. AT&T
18. Intel
19. HCL Technologies Limited
20. Huawei Technologies Co., Ltd
21. Honeywell
22. Blue Yonder

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Table of content for the Digital Logistics Market includes:

Part 01: Executive Summary

Part 02: Scope of the Digital Logistics Market Report

Part 03: Global Digital Logistics Market Landscape

Part 04: Global Digital Logistics Market Sizing

Part 05: Global Digital Logistics Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

With high-growth economies like China, India, and the Philippines, the Asia Pacific region is likely to dominate the market over the forecast period. In 2022, it held the greatest market share of approximately 47%. Benefits of the data logistic system include reduced risk and entry costs, cost-effective growth, access to the best technology, and sophisticated and dynamic software features. The logistics industry has performed well in India's economic development. A strong logistics industry is anticipated to significantly contribute to India's efforts through various government-sponsored programmes like "Make in India." A single production base is also desired by a number of important players.

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