About Digital Logistics
Digital logistic refers to web-based enterprise logistics applications for the centralized logistics information system. Digital logistic has high growth prospects owing to the increasing demand for modern business process management for replacing manpower with automated solutions to deliver quality services. For instance, recently in 2018, Monsanto an American agricultural and biotechnology company selected JDA Software, a supply chain and retail solutions provider to standardize its end-to-end transportation processes. Further, the growing e-commerce industry and technological advancement in the digital logistic industry expected to grow the market over the forecasted period.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 9.11% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Digital Logistics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Advantech Corporation (Taiwan), Cisco System, Inc. (United States), Eurotech S.P.A (Italy), GT Nexus (United States), Infosys Ltd. (India), Digilogistics (Paris), Hexaware Technologies (India), IBM Corporation (United States), JDA Software (United States), Oracle Corporation (United States), Samsung Electronics Co (South Korea), SAP AG (Germany) and Siemens AG (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Zebra Technologies (United States), Huawei Technologies (China), LBC Express, Inc. (Philippines), XPO Logistics (United States), Tech Mahindra (India) and UTI Worldwide Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Digital Logistics market by Type (Tracking And Monitoring Systems, Information Integrated Systems, Database Management Systems, Order Management Systems and Other), Application (Warehouse Management, Labor Management, Transportation Management and Others) and Region.
On the basis of geography, the market of Digital Logistics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Consulting Services will boost the Digital Logistics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Automotive will boost the Digital Logistics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Systems, the sub-segment i.e. Tracking and Monitoring Systems will boost the Digital Logistics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emphasizing On Real-Time Predictive Analytics, Blockchain, and Cloud-Driven Technology for Digital Logistics
Market Growth Drivers:
Rise in Adoption of IT Solutions for the Businesses and Increasing Applications of Artificial Intelligence and Machine Learning in Digital Logistics
Challenges:
Data Security and Privacy Concerns Regarding Digital Logistic System
Restraints:
High Initial Implementation Cost of Digital Logistics and Lack of Skilled Professionals to Adopt New Technology
Opportunities:
Rising Demand for Digital Logistics from Emerging Countries and Growing E-Commerce Industry
Market Leaders and their expansionary development strategies
14th January 2019, JDA Software, Inc. a software and consultancy company engaged in supply chain management, store operations, retail planning, and others announced a joint partnership with Panasonic Corporation to develop integrated solutions for the manufacturing, logistics, and retail industries.
11th February 2019, Tata Consultancy Services, engaged in the IT services, consulting, and business solutions announced the partnership with JDA Software a supply chain and retail solutions provider to offer system integration services for optimizing digital supply chain management.
Key Target Audience
Digital Logistics Service Provider, Technology Distributors, Industry Associations, Potential Investors, Government Organizations, Market Research Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.