Press release
Digital Logistics Market Poised for 18 % Growth, Set to Hit $54.14 Billion by 2029
How Are the key drivers contributing to the expansion of the digital logistics market?
Forecasts suggest the rapid rise of the e-commerce sector will propel the expansion of the digital logistics market. The term 'e-commerce' not only denotes the online selling of physical goods, but can extend to any business transaction facilitated by the internet. The expanding e-commerce scene necessitates a strong and transparent logistics supply chain, with smooth operations. This is achievable through digital logistics, which offers visibility, streamlines operations, eliminates inefficiencies, and decreases costs. For example, data from the U.S. Census Bureau - a government agency in the U.S. - stated that by August 2024, U.S. retail e-commerce sales reached an estimated $291.6 billion for the second quarter of 2024, a 6.7% rise compared to the same quarter of 2023. E-commerce sales made up 16.0% of all retail sales for the period, further solidifying the consistent growth pattern of the online retail market. On a non-seasonally adjusted scale, e-commerce sales for the quarter came up to $282.3 billion, which constituted 15.2% of all sales. Thus, the rapid expansion of the e-commerce sector is expected to accelerate the development of the digital logistics market in the forthcoming years.
Get Your Digital Logistics Market Report Here:
https://www.thebusinessresearchcompany.com/report/digital-logistics-global-market-report
What growth opportunities are expected to drive the digital logistics market's CAGR through 2034?
The size of the digital logistics market has expanded swiftly in the past few years. It is projected to increase, going from $24.03 billion in 2024 to $28.3 billion in 2025, boasting a compound annual growth rate (CAGR) of 17.8%. The expansion during the historical backdrop can be linked to globalization, intricacy in supply chains, the surge in e-commerce, attention to sustainability, advent of omnichannel retail, customer demand for quicker deliveries, changing market landscapes, regulatory adherence necessities, reliance on data for decision-making, and an emphasis on optimizing inventory.
The digital logistics market is set to experience a significant expansion in the upcoming years, with forecasts predicting it will reach $54.14 billion by 2029, growing at a compound annual growth rate (CAGR) of 17.6%. The anticipated growth can be linked to the surge in e-commerce trading, the emergence of autonomous vehicles, improvements in cybersecurity, a shift towards servitization, the use of digital twins for visualizing supply chains, and the facilitation of cross-border commerce. Key trends expected in the forecast period incorporate the integration of IoT within logistics, the use of automation and robotics within warehousing, the application of AI for optimizing transit routes, cloud-based logistical platforms, eco-friendly logistical practices, the use of 5g for networking within logistics, enhanced cybersecurity protocols, and the application of predictive analytics for demand forecasting.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8551&type=smp
What are the emerging trends shaping the future of the digital logistics market?
The emergence of advanced technology is a notable trend that is on the rise in the digital logistics market. A key focus for major enterprises operating in the digital logistics market is conducting research and development aimed at creating digitally advanced logistics solutions that cater to a variety of connected logistics use cases. To exemplify, XPO Logistics, an American transportation company, introduced its comprehensive digital customer service management platform, known as Assist, throughout the Iberian Peninsula in September 2022. This cutting-edge platform streamlines customer account service demands and processes and offers seamless communication tools, as well as immediate insight into customer query statuses. The incorporation of Assist has sped up responses to customer questions by reducing the amount of time customer service personnel spend on clerical duties.
Which growth-oriented segments of the digital logistics market are leading the industry's development?
The digital logistics market covered in this report is segmented -
1) By Component: Solution, Services
2) By System: Tracking And Monitoring Systems, Information Integrated Systems, Electronic Data Interchange Systems, Database Management Systems, Fleet Management Systems, Order Management Systems
3) By Deployment Mode: Cloud, On-Premises
4) By Application: Warehouse Management, Labor Management, Transportation Management
5) By End-User Industry: Government, Aerospace, Defense, Automotive, Oil And Gas, Retail, Manufacturing, Healthcare, Other End-User Industries
Subsegments:
1) By Solution: Transportation Management Systems (TMS), Warehouse Management Systems (WMS), Inventory Management Solutions, Supply Chain Visibility Solutions, Fleet Management Solutions
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8551
What regions are leading the charge in the digital logistics market?
North America was the largest region in the digital logistics market in 2024. The regions covered in the digital logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the digital logistics market?
Major companies operating in the digital logistics market are Oracle Corporation, IBM Corporation, SAP SE, Advantech Co Ltd., AT&T Inc., Intel Corporation, Honeywell International Inc., HCLTech Ltd., Blue Yonder Inc., DigiLogistics, Hexaware Technologies Ltd., Tech Mahindra Pvt. Ltd., Samsung SDS, ORBCOMM Inc., Freightgate, Huawei Technologies Co. Ltd., WebXpress, Ramco Systems Ltd., Logisuite, ICAT Logistics, JDA Software Pvt. Ltd., Cloud Logistics, Infosys Limited, Kuehne + Nagel International AG, UPS Supply Chain Solutions, accenture* PLC, Capgemini SE, Cognizant Technology Solutions Corporation, Deutsche Post DHL Group, FedEx Corporation, Kenco Logistics Services LLC, Schneider Electric SE, XPO Logistics Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=8551&type=smp
What Is Covered In The Digital Logistics Global Market Report?
• Market Size Forecast: Examine the digital logistics market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the digital logistics market for a structured understanding.
• Key Players Overview: Analyze major players in the digital logistics market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the digital logistics market.
• Segment Contributions: Evaluate how different segments drive overall growth in the digital logistics market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the digital logistics market.
• Industry Challenges: Identify potential risks and obstacles affecting the digital logistics market.
• Competitive Landscape: Review strategic developments in the digital logistics market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
Forecasts suggest the rapid rise of the e-commerce sector will propel the expansion of the digital logistics market. The term 'e-commerce' not only denotes the online selling of physical goods, but can extend to any business transaction facilitated by the internet. The expanding e-commerce scene necessitates a strong and transparent logistics supply chain, with smooth operations. This is achievable through digital logistics, which offers visibility, streamlines operations, eliminates inefficiencies, and decreases costs. For example, data from the U.S. Census Bureau - a government agency in the U.S. - stated that by August 2024, U.S. retail e-commerce sales reached an estimated $291.6 billion for the second quarter of 2024, a 6.7% rise compared to the same quarter of 2023. E-commerce sales made up 16.0% of all retail sales for the period, further solidifying the consistent growth pattern of the online retail market. On a non-seasonally adjusted scale, e-commerce sales for the quarter came up to $282.3 billion, which constituted 15.2% of all sales. Thus, the rapid expansion of the e-commerce sector is expected to accelerate the development of the digital logistics market in the forthcoming years.
Get Your Digital Logistics Market Report Here:
https://www.thebusinessresearchcompany.com/report/digital-logistics-global-market-report
What growth opportunities are expected to drive the digital logistics market's CAGR through 2034?
The size of the digital logistics market has expanded swiftly in the past few years. It is projected to increase, going from $24.03 billion in 2024 to $28.3 billion in 2025, boasting a compound annual growth rate (CAGR) of 17.8%. The expansion during the historical backdrop can be linked to globalization, intricacy in supply chains, the surge in e-commerce, attention to sustainability, advent of omnichannel retail, customer demand for quicker deliveries, changing market landscapes, regulatory adherence necessities, reliance on data for decision-making, and an emphasis on optimizing inventory.
The digital logistics market is set to experience a significant expansion in the upcoming years, with forecasts predicting it will reach $54.14 billion by 2029, growing at a compound annual growth rate (CAGR) of 17.6%. The anticipated growth can be linked to the surge in e-commerce trading, the emergence of autonomous vehicles, improvements in cybersecurity, a shift towards servitization, the use of digital twins for visualizing supply chains, and the facilitation of cross-border commerce. Key trends expected in the forecast period incorporate the integration of IoT within logistics, the use of automation and robotics within warehousing, the application of AI for optimizing transit routes, cloud-based logistical platforms, eco-friendly logistical practices, the use of 5g for networking within logistics, enhanced cybersecurity protocols, and the application of predictive analytics for demand forecasting.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8551&type=smp
What are the emerging trends shaping the future of the digital logistics market?
The emergence of advanced technology is a notable trend that is on the rise in the digital logistics market. A key focus for major enterprises operating in the digital logistics market is conducting research and development aimed at creating digitally advanced logistics solutions that cater to a variety of connected logistics use cases. To exemplify, XPO Logistics, an American transportation company, introduced its comprehensive digital customer service management platform, known as Assist, throughout the Iberian Peninsula in September 2022. This cutting-edge platform streamlines customer account service demands and processes and offers seamless communication tools, as well as immediate insight into customer query statuses. The incorporation of Assist has sped up responses to customer questions by reducing the amount of time customer service personnel spend on clerical duties.
Which growth-oriented segments of the digital logistics market are leading the industry's development?
The digital logistics market covered in this report is segmented -
1) By Component: Solution, Services
2) By System: Tracking And Monitoring Systems, Information Integrated Systems, Electronic Data Interchange Systems, Database Management Systems, Fleet Management Systems, Order Management Systems
3) By Deployment Mode: Cloud, On-Premises
4) By Application: Warehouse Management, Labor Management, Transportation Management
5) By End-User Industry: Government, Aerospace, Defense, Automotive, Oil And Gas, Retail, Manufacturing, Healthcare, Other End-User Industries
Subsegments:
1) By Solution: Transportation Management Systems (TMS), Warehouse Management Systems (WMS), Inventory Management Solutions, Supply Chain Visibility Solutions, Fleet Management Solutions
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8551
What regions are leading the charge in the digital logistics market?
North America was the largest region in the digital logistics market in 2024. The regions covered in the digital logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the digital logistics market?
Major companies operating in the digital logistics market are Oracle Corporation, IBM Corporation, SAP SE, Advantech Co Ltd., AT&T Inc., Intel Corporation, Honeywell International Inc., HCLTech Ltd., Blue Yonder Inc., DigiLogistics, Hexaware Technologies Ltd., Tech Mahindra Pvt. Ltd., Samsung SDS, ORBCOMM Inc., Freightgate, Huawei Technologies Co. Ltd., WebXpress, Ramco Systems Ltd., Logisuite, ICAT Logistics, JDA Software Pvt. Ltd., Cloud Logistics, Infosys Limited, Kuehne + Nagel International AG, UPS Supply Chain Solutions, accenture* PLC, Capgemini SE, Cognizant Technology Solutions Corporation, Deutsche Post DHL Group, FedEx Corporation, Kenco Logistics Services LLC, Schneider Electric SE, XPO Logistics Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=8551&type=smp
What Is Covered In The Digital Logistics Global Market Report?
• Market Size Forecast: Examine the digital logistics market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the digital logistics market for a structured understanding.
• Key Players Overview: Analyze major players in the digital logistics market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the digital logistics market.
• Segment Contributions: Evaluate how different segments drive overall growth in the digital logistics market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the digital logistics market.
• Industry Challenges: Identify potential risks and obstacles affecting the digital logistics market.
• Competitive Landscape: Review strategic developments in the digital logistics market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
