Digital Logistics Market

Market Overview:

The global digital logistics market size reached US$ 21.82 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 62.82 Billion by 2028, exhibiting a growth rate (CAGR) of 19.50% during 2023-2028. The expanding e-commerce industry, the integration of advanced technologies, and the surging need to meet customer expectations represent some of the key factors driving the market.

Digital logistics refers to the use of digital technologies and systems to optimize and enhance various aspects of the logistics and supply chain management processes. It involves the application of technologies, such as the Internet of Things (IoT), cloud computing, big data analytics, artificial intelligence (AI), and automation, to improve the efficiency, visibility, and coordination of logistics operations. It encompasses a wide range of activities, including transportation management, inventory management, warehousing, order fulfillment, tracking and tracing, supply chain visibility, and demand forecasting. It also allows companies to gain real-time insights into their supply chain, make data-driven decisions, automate manual processes, and enhance overall operational efficiency. In addition, it involves integrating data from various sources within the supply chain, including suppliers, manufacturers, logistics service providers, and customers, for real-time visibility and tracking of shipments, inventory levels, and demand patterns. Moreover, it offers various benefits, such as improved operational efficiency, reduced costs, enhanced supply chain visibility, faster response times, increased customer satisfaction, and better sustainability practices which is accelerating its adoption across various industries.

Digital Logistics Market Trends:

The exponential growth of e-commerce has escalated the demand for efficient and seamless logistics operations. Digital logistics solutions help e-commerce companies manage inventory, track shipments, optimize routes, and provide end-to-end visibility, ensuring timely and accurate delivery to customers. In addition, the rapid advancement of technologies, such as the Internet of Things (IoT), artificial intelligence (AI), big data analytics, cloud computing, and automation, has significantly transformed the logistics industry. These technologies enable real-time tracking, monitoring, and optimization of supply chain processes, leading to increased efficiency, visibility, and cost-effectiveness, thus contributing to market growth. Besides this, supply chains have become increasingly complex due to globalization, multiple stakeholders, and extended networks. As a result, suppliers use digital logistics solutions that offer tools and platforms for better collaboration, coordination, and communication among various entities involved in the supply chain. This, coupled with the surging need to meet rising customer expectations, is positively influencing market growth. Nowadays, consumers want real-time tracking, accurate delivery estimates, and personalized experiences. Digital logistics solutions provide visibility into the entire supply chain, allowing customers to track their shipments, receive notifications, and access relevant information. Moreover, the rising product adoption to reduce operational costs is also creating a favorable market outlook across the globe.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global digital logistics market, along with forecasts at the global, regional, and country levels for 2023-2028. Our report has categorized the market based on component, application, and industry vertical.

Component Insights:

• System
  • Tracking and Monitoring System
  • Information Integrated System
  • Electronic Data Interchange System
  • Database Management System
  • Fleet Management and Order Management System
• Services
  • Consulting
  • System Integration
     

The report has provided a detailed breakup and analysis of the digital logistics market based on the component. This includes system (tracking and monitoring, information integrated, electronic data interchange, database management, and fleet management and order management system) and services (consulting and system integration).

Application Insights:

• Warehouse Management
• Labor Management
• Transport Management
   

A detailed breakup and analysis of the digital logistics market based on the application has also been provided in the report. This includes warehouse management, labor management, and transport management. According to the report, warehouse management accounted for the largest market share.

Industry Vertical Insights:

• Retail and eCommerce
• Manufacturing
• Pharmaceuticals and Healthcare
• Aerospace and Defense
• Energy and Utilities
• Automotive
• Others
   

The report has provided a detailed breakup and analysis of the digital logistics market based on the industry vertical. This includes retail and ecommerce, manufacturing, pharmaceuticals and healthcare, aerospace and defense, energy and utilities, automotive, and others. According to the report, automotive represented the largest segment.

Regional Insights:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for digital logistics. Some of the factors driving the North America digital logistics market included the expanding e-commerce industry, the emergence of advanced technologies, and the growing focus on consumer expectations.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global digital logistics market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Advantech Co. Ltd., DigiLogistics Technology Ltd., HCL Technologies Limited, Hexaware Technologies Limited, Honeywell International Inc., International Business Machines Corporation, Oracle Corporation, Samsung Electronics Co. Ltd., SAP SE, and Tech Mahindra Limited,etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Digital Logistics Market Report Scope:

Key Questions Answered in This Report:

• How has the global digital logistics market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global digital logistics market?
• What is the impact of each driver, restraint, and opportunity on the global digital logistics market?
• What are the key regional markets?
• Which countries represent the most attractive digital logistics market?
• What is the breakup of the market based on the component?
• Which is the most attractive component in the digital logistics market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the digital logistics market?
• What is the breakup of the market based on industry vertical?
• Which is the most attractive industry vertical in the digital logistics market?
• What is the competitive structure of the global digital logistics market?
• Who are the key players/companies in the global digital logistics market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the digital logistics market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global digital logistics market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the digital logistics industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.