Enhanced Logistics Operations to Trigger the Demand from Digital Logistics Market
The digital logistics market is predicted to surpass a valuation of USD 19 billion, attaining a CAGR of 11% during the forecast period (2017-2023), Market Research Future (MRFR) reveals in a detailed report. Digital logistics offer advantages to the companies by offering profitability, enhanced efficiency, customer-centric solutions, and enhanced supply chain. Enterprises across the world are highly embracing these solutions to gain a competitive edge. Digital logistics use advanced communications and technologies to improve supply chain integration and supply chain by minimizing the operation cost.
Market Potential and Pitfalls
The global digital logistics market has witnessed a tectonic surge over the past few years, mainly due to the booming e-commerce sector across the globe. Digital logistics has been highly impacted by the advent of m-commerce and e-commerce, which has empowered customers to source products from across the world. Supply chain logistics and new enterprise applications are united to the core warehouse, transportation, and labor management, with the help of digital logistics. This will further enable new process models and ensure excellence and fulfillment. The enhanced logistics operations and large volume of data are some of the factors propelling the growth of the market across the globe. Globalization has paved the way for the consumers to source commodities from across the globe, which in turn has triggered the demand for a reliable digital logistics solution. Moreover, the loss due to employee theft, concerns associated with product distribution, and loss of goods in transit are some of the prominent factors to intensify the growth of the market in the foreseeable future.
A prominent change is likely to reshape the shipping and logistics industries. With digitization spreading across the globe, platform-based business models are likely to connect with new players and harness the cloud. Consumer-facing logistics and transportation have witnessed the rise of platforms like Deliveroo and Uber. New technology and infrastructure, constant pressure to minimize cost, and more visible logistics data is likely to influence the growth of the digital logistics market during the review period. IBM and Maersk partnered to launch TradeLens, which is a blockchain-based platform to manage shipments across the globe, involving multiple stakeholders.
Global Digital Logistics Market: Segmental Analysis
The segmental analysis of the market has been conducted based on application, component, vertical and region.
On the basis of application, the market has been segmented into transportation management, warehouse management, and labor management. On the basis of component, the market has been segmented into system and services. The system segment covers order management systems, information integrated systems, electronic data interchange systems, database management systems, tracking and monitoring systems and fleet management systems. The services segment covers system integration services and consulting services. On the basis of verticals, the market has been segmented into government, aerospace, manufacturing, automotive, healthcare, retail, defense and others.
Global Digital Logistics Market: Competitive Landscape
Key players covered in MRFR’s report include SAP SE (Germany), Samsung Group (South Korea), Advantech Co. (Taiwan), Huawei Technologies Co., Ltd. (China), Hexaware Technologies (India), Tech Mahindra (India), Oracle Corporation (U.S.), International Business Machines Corporation (U.S.), HCL Technologies Limited (India) and JDA Software Group, Inc. (U.S.).
More Information@
Digital Logistics Market Research Report - Forecast to 2023 | MRFR
Digital Logistics Market has increased at 11% CAGR during forecast period 2017 to 2023, Digital…
Read on marketresearchfuture.​com
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com