Digital Logistics Market to Grow with a CAGR of 24.19% through 2029
E-commerce
growth & changing consumer expectations and globalization & supply
chain complexity are likely to drive the market in the forecast period.
According to
TechSci Research report, “Digital Logistics Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2029”, the
Global Digital Logistics Market is experiencing a surge in demand in the
forecast period.
A
primary driver propelling the global digital logistics market is the continuous
evolution of technology in supply chain management. Innovations such as the
Internet of Things (IoT), artificial intelligence (AI), and advanced analytics
have revolutionized how logistics operations are planned, executed, and
monitored. These technologies provide unprecedented visibility into the entire
supply chain, allowing companies to track shipments, manage inventory more
efficiently, and make data-driven decisions in real-time.
IoT,
for instance, enables the integration of sensors and devices throughout the
supply chain, offering granular insights into the status and location of goods.
AI and advanced analytics empower logistics providers to forecast demand
accurately, optimize routing, and automate decision-making processes. These
technological advancements not only enhance operational efficiency but also
contribute to cost savings, reduced errors, and improved customer satisfaction.
As
businesses increasingly recognize the competitive advantages gained through the
adoption of these technologies, the demand for digital logistics solutions
continues to surge, driving growth in the global market. The relentless pace of
technological advancements ensures that digital logistics remains a dynamic and
innovative field, shaping the future of supply chain management.
The
exponential growth of e-commerce serves as a pivotal driver propelling the
global digital logistics market. The paradigm shift in consumer shopping habits
towards online platforms has reshaped logistics requirements, necessitating a
more agile and technologically advanced approach. E-commerce companies and
traditional retailers alike are compelled to invest in digital logistics
solutions to meet the escalating demands for faster, more reliable, and
transparent delivery services.
Digital
logistics plays a crucial role in optimizing order fulfillment processes,
reducing delivery times, and providing real-time tracking information, aligning
with the heightened expectations of today's consumers. The rise of omnichannel
retailing, where consumers seamlessly transition between online and offline
channels, further emphasizes the need for robust digital logistics
capabilities.
As
e-commerce continues to flourish globally, fueled by convenience-driven
consumer behavior, the demand for digital logistics solutions is poised to
expand. The market responds by innovating in areas such as last-mile delivery
optimization, inventory management, and supply chain visibility, ensuring that
logistics providers can effectively navigate the challenges and capitalize on
the opportunities presented by the evolving landscape of modern commerce.
Browse over XX Market
data Figures spread through XX Pages and an in-depth TOC on "Global Digital Logistics Market.”
The Global Digital
Logistics Market is segmented into deployment, system and region.
Based on system,
The Tracking and Monitoring Systems segment held the largest Market share in
2023. Tracking and Monitoring Systems provide real-time visibility into the
entire supply chain. This visibility is crucial for logistics companies to
track the movement and status of goods, monitor inventory levels, and
proactively respond to potential disruptions. Real-time information enables
agile decision-making and helps prevent delays or bottlenecks in the supply
chain.
These systems
contribute to operational efficiency by optimizing route planning and vehicle
utilization. Logistics companies can make informed decisions based on real-time
data, leading to streamlined processes, reduced transit times, and improved
overall efficiency in logistics operations.
Real-time
tracking capabilities significantly contribute to customer satisfaction. With
consumers increasingly expecting transparency and visibility into their orders,
Tracking and Monitoring Systems allow logistics providers to offer accurate and
timely information on shipment status. This transparency enhances the customer
experience and builds trust.
Tracking and
Monitoring Systems play a crucial role in risk management by providing insights
into potential issues in the supply chain. Logistics companies can identify and
address risks such as delays, theft, or damage promptly, minimizing the impact
on operations and ensuring the security of goods in transit.
Many industries,
especially those involving the transportation of sensitive or regulated goods,
have specific compliance requirements. Tracking and Monitoring Systems help
logistics companies adhere to regulatory standards by providing documentation
and visibility into the movement of goods, ensuring that shipments comply with
applicable laws and regulations.
The data
generated by Tracking and Monitoring Systems is valuable for analytics and
business intelligence. Logistics companies can analyze historical and real-time
data to identify trends, optimize routes, and make strategic decisions that
lead to continuous improvement in supply chain processes.
With the rise of
e-commerce and the increasing importance of last-mile delivery, Tracking and
Monitoring Systems are essential for optimizing the final leg of the supply
chain. Companies can track delivery vehicles, manage delivery schedules, and
provide customers with accurate delivery windows, improving the efficiency of
last-mile operations.
Advances in
technology, such as the Internet of Things (IoT), have further enhanced the
capabilities of Tracking and Monitoring Systems. IoT sensors, RFID technology,
and GPS tracking contribute to more accurate and granular data, enabling a
higher level of precision in monitoring the supply chain.
Major companies
operating in the Global Digital Logistics Market are:
- SAP SE
- Oracle Corporation
- International Business Machines Corporation
- Amazon Web Services Inc.
- Microsoft Corporation
- Deutsche Post AG
- FedEx Corporate Services Inc.
- Maersk A/S
- Flexport Inc.
- FourKites Inc.
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“The Global Digital
Logistics Market is expected to rise in the upcoming years and register a
significant CAGR during the forecast period. The surge in e-commerce activities serves as a primary
driver for the global digital logistics market. The rapid growth of online
retail necessitates advanced digital solutions to meet the evolving demands of
consumers. Digital logistics, including real-time tracking, optimized routing,
and efficient last-mile delivery, becomes indispensable for businesses aiming
to provide seamless, timely, and transparent delivery services. As e-commerce
continues to dominate global markets, the imperative for robust digital
logistics solutions grows, positioning the industry as a key enabler for
businesses seeking to enhance their supply chain efficiency and meet the expectations
of an increasingly digital-savvy customer base. Therefore, the Market
of Digital Logistics is expected to boost in the upcoming years.,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Digital Logistics Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, Segmented By Deployment (Cloud and
On-Premises), By System (Tracking and Monitoring Systems, Fleet Management
Systems, Information Integrated Systems, Database Management Systems and
Others), By Region, By Competition 2019-2029”, has evaluated the future growth potential of Global
Digital Logistics Market and provides statistics & information on Market
size, structure and future Market growth. The report intends to provide
cutting-edge Market intelligence and help decision-makers make sound investment
decisions., The report also identifies and analyzes the emerging trends along
with essential drivers, challenges, and opportunities in the Global Digital
Logistics Market.
Contact
Techsci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
Tel: +13322586602
Email: [email protected]
Website: www.techsciresearch.com