Market Snapshot:
With the rapid development in global trades, and development in supply chain is driving logistics service market. The global logistics services are expected to reach USD 16,400 billion by the FY 2026, and it is expected to grow at the CAGR of 7.4%. With the rapid development in technologies including sensors, IoT, data analytics is driving the digitization in this industry. Digitization in logistics industry enhance real time data, advance tracking, and enhance shipping process.
Highlights from Digitized Logistics Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Manufacturers profiled in the report are Intel (United States), Infosys (India), Honeywell (United States), Eurotech S.P.A (Italy), IBM (United States), Oracle (United States), SAP (Germany), AT&T (United States), HCL Technologies (India) and ORBCOMM (United States). Additionally, other players that are part of this comprehensive study are Cloud Logistics (United States), Freightgate (United States) and Blue Yonder (United States).
Geographic Breakdown and Segment Analysis
The Global Digitized Logistics market presents a comprehensive analysis of the Digitized Logistics market and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Digitized Logistics industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Digitized Logistics market
Analyst at AMA have segmented the market study of Global Digitized Logistics market by Type, Application and Region.
Influencing Trend:
Increase Investment in Research & Development and Technology Development Such as Machine Learning, Artificial Intelligence, and Others
Market Growth Drivers:
Development in Technology, High Growth in Logistic Services and Rapid Development in Ecommerce Industry, Because of Coronavirus Pandemic
Challenges:
Lack of Professional Skill Labour and Lack of Awareness in Terms of Adoption, Because of High Capital Investment
Restraints:
Rising Concerns Related to Data Security
Opportunities:
Advancement in Self-Driving Vehicles is Transforming the Logistics Industry, Growing Adoption of Cloud-Based Technology and Rapid Acceptance of Industry 4.0
Market Developments Activities:
In July 2023, FedEx and GE Aviation announced a partnership to develop and deploy a new generation of electric vertical take-off and landing (eVTOL) aircraft for use in logistics and delivery.
In September 2023, it was announced that Flipkart, India's largest e-commerce marketplace, would acquire a 7.5% stake in Delhivery, a leading logistics company. This deal is seen as a way for Flipkart to strengthen its supply chain and logistics infrastructure.
There are various companies are operating in this industry and exploring their footprint in new geographic regions by adopting various market growth initiatives including mergers & acquisitions, expansions, investments, new service launches and others. There are various new market players are entering this market, as it is required huge investment that is hindering the growth of this market.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Digitized Logistics Providers, Government Regulatory and Research Organizations and End-Use Industries