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Digital Logistic Market (Type - Software, and Services; Application - Warehouse Management, Data Management and Analytics, Security, and Network Management): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : December, 2020

  • Rep Id : ICT01266

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the digital logistic market provides in-depth analysis of segments and sub-segments in the global as well as regional digital logistic market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional digital logistic market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global digital logistic market. According to the report, the global digital logistic market is projected to grow at a CAGR of 20.3% over the forecast period of 2020-2026.

 

Market Insight

Logistics has introduced digital innovations at a slower pace than other industries. As other industries such as retail, that close links to logistics, are revolutionized by digital technology, Hence the chances of digital disruption affecting the logistics industry. The digital platform becomes increasingly important in the logistics industry, allowing small companies to have a global reach and compete with the established market players. The logistics industry suffering from significant inefficiencies, for instance, 50% of trucks travel empty on their return journey after making a delivery. Thus, the digital transformation for transportation management is required to bring importance by increasing efficiency and cutting down energy consumption and emissions in the logistic industry.

 

The world's population is growing with an increase in the number of people in emerging markets who are now able to access global markets. The number of smartphone subscriptions is projected to almost double to 4 billion by 2025, with all growth coming from emerging markets. The growing global middle class and expanded Internet access, increased demand for e-commerce will provide growing demand for the digital logistic market. According to projections by the United Nations, two-thirds of the world population will be living in cities by 2050, . By 2030, it has been predicted that there will be 41 megacities with more than 10 million population. These megacities will provide a stiff challenge for the logistics industry with making deliveries swiftly in a polluted and traffic congestive metropolis. This requires transportation management which further drives the demand for the digital logistics market. As consumers become more used to digital services, including e-commerce or apps, they expect to receive the same quality and flexibility of service in other industries. This new consumer attitude has implications for the logistics industry. Additionally, the government initiative regarding environmental concerns is having an effect on the logistics industry. Companies have to look at ways to use methods of transportation management that reduce their overall CO2 emissions and cut down on waste from packaging to ensure that they can offer sustainable logistics operations. However, data security concerns are affecting the growth of the digital logistic market. Moreover, the growing adoption of cloud-based solutions in the digital logistic industry is providing significant growth opportunities for the market.

 

North America holds the largest market share in the digital logistic market owing to the presence of giant IT companies and rapid technological advancements. Furthermore, the well-established economies of these countries are able to invest heavily in leading digital logistics solutions and services. Commercial transportation and logistics are the backbones of the North American economy. The United States Armed Forces uses logistics services to support army operations around the world. The IBM Hybrid Cloud system processes 40 million unique data transactions every day to acquire, manage, meet, and sustain the forces’ materiel needs. This service is provided to more than 65,000 users and 150 direct trading partners worldwide, and operational cost savings as high as 50% in certain areas have been reported. Moreover, rapidly growing retail, utilities, and service sectors are contributing to the growth of the digital logistic market in the North American region.

 

Segment Covered

The report on global digital logistic market covers segments such as type, and application. On the basis of type, the sub-markets include software, and services. On the basis of application, the sub-markets include warehouse management, data management and analytics, security, and network management.

 

Companies Profiled:

The report provides profiles of the companies in the market such as IBM, Honeywell Corporation, Eurotech S.P.A, HCL Technologies, Freightgate, Blue Yonder, WebXpres, Logisuite, and Ramco Systems.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of digital logistic market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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