Digital Logistics Market: Current Analysis and Forecast (2021-2027)

Digital Logistics Market: Current Analysis and Forecast (2021-2027)

Technological innovation and changing customer behavior are key components for digital logistics. The advancement of technology and communication in logistics leads to reduce operating costs, enhances overall efficiency, improves supply chain, and provides customer-centric solutions. Transportation service providers such as carriers, third-party logistics providers, and freight forwarders have traditionally composed a big market for logistics IT. According to a survey in 2020, three industries play a huge role in the market as transportation services: manufacturing (81%), wholesale (81%), and retail (80%). E-marketplaces for transportation and logistics services arise, with tremendous success targeting certain industry sectors. Start-ups in the freight, parcel, or last-mile arena that started as standalone apps have grown into separate platforms that aggregate access to shippers and carriers.

In 2020, the e-commerce market is not only thriving but it’s expected to more than 95% of all purchases to be conducted via e-commerce by 2040. It is expected that mobile commerce will take a market share of 73% e-commerce by the end of 2021. There are over 2 billion digital buyers in the world, which further boosts the logistics demand. The major players such as Tech Mahindra (India), SAP SE (Germany), Oracle Corporation (U.S.), International Business Machines Corporation (U.S.), etc., are the leading providers of digital logistics solutions across the world. Cainiao, a Chinese logistics company developed a digitalized customs clearance system which, it claims, can process a massive amount of information such as orders and payments to digitalized data, and it has launched its first direct cargo flight between Zhengzhou in China and Budapest in Hungary.

IBM, Oracle, SAP, Intel, Infosys, HCL Technologies, Samsung SDS, Cloud Logistics, Digi Logistics, and Tech Mahindra are some of the prominent players operating in the digital logistics market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/solutions.

Insights Presented in the Report

“Amongst Type, Fleet management segment is anticipated to dominate the market during the analyzed period”

Based on type, the digital logistics market is bifurcated into inventory management, warehouse management system, fleet management, and others. In 2020, the fleet management segment accounted for a maximum share in terms of revenue.

“Amongst Organization size, Large Enterprises segment is anticipated and dominate in the market”

Based on organization size, the digital logistics market is fragmented into large enterprises and small-medium enterprises. In 2020, the large enterprises segment accounted for the largest market share in terms of revenue and is expected to remain dominant during the analyzed period.

“Amongst Deployment mode, Cloud segment dominated the market during the forecast period”

Based on deployment mode, the digital logistics market is fragmented into cloud and on-premises. In 2020, the cloud segment accounted for more than XX% revenue share.

“Retail, Automotive, Pharmaceuticals, Food & Beverage, and Oil & Gas were the major verticals for Digital logistics”

Based on industry verticals, the retail segment constitutes the majority of the market share and is expected to remain dominant over the analyzed period.

“North America represents the largest regional market for Digital Logistics”

For a better understanding of the market dynamics of the digital logistics market, a detailed analysis was conducted for different regions across the globe including North America (U.S, Canada, and the Rest of North America), Europe (Germany, France, Italy, United Kingdom, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC) and Rest of the World. North America dominated the market and grabbed around XX% market share owing to a larger customer base and advanced logistics infrastructure.

Reasons to buy this report:The study includes market sizing and forecasting analysis validated by authenticated key industry expertsThe report presents a quick review of overall industry performance at one glanceThe report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developmentsDetailed examination of drivers, restraints, key trends, and opportunities prevailing in the industryThe study comprehensively covers the market across different segmentsDeep dive regional level analysis of the industry