Global Digital Logistics Market Insights, Opportunity Analysis, Market Shares and Forecast 2016 – 2022
The global digital logistics market has been estimated to grow with the CAGR of 9.90% and the revenue has been estimated to grow around $16963.83 million by 2022. Digital logistics is a service provided by IT consulting firms who are specialized in application, server, network, FL and VOIP solutions for small and medium businesses across the globe. Companies mainly concentrate on offering stable, scalable and high performance IT solutions to their customers with strong support after deployment. Digital logistics have been estimated to be the prime component of company’s operations for both attempting and measuring ROA and ROI.
The growth of internet and emerging applications has contributed a lot to increase in the demand for digital logistics market which is also leading to cost effective and efficient tools for managing outbound and inbound logistics steps. These systems support organizations to achieve competitive advantage by lowering costs through lower transportation expense, reduced inventories and enhanced efficiency and also enhances supply chain velocity. The digital logistics market is also forecasted to grow at fast pace in future due to emergence of digital technology and growing use of application etc. The market has huge opportunities such as cloud based technological advancements and growing e-commerce.
The global digital logistics market is segmented on the basis of systems, services, applications, verticals and geography. Among all systems, the market is segmented into tracking & monitoring market, information integrated market, electronic data interchange market, database management market, fleet management market and order management market. The discovery of information integrated system, tracking and monitoring system, order management system, database management system, electronic data interchange system and fleet management system are such products with high demand for digital logistics. Among all services, the market is segmented into consulting services, integration services, and other services. According to application, the market is segmented into warehouse management, labor management and transportation management. According to verticals, the market is segmented into automotive, government, defense and aerospace, healthcare and life science, telecommunication & IT, industrial, engineering & manufacturing, retail, chemical, oil & gas and others. Amongst verticals, retail segment holds the largest market share. On the basis of geography, North America, Europe, Asia Pacific and ROW are the major segments of this global digital logistics market. Europe has been forecasted to be the highest market in terms of revenue contribution and North America has been estimated to experience huge market traction, in the due course. Asia Pacific is also expected to be the fastest growing region in the digital logistics market due to technological developments in digital technology and rising adoption of digital logistics among all sectors. Some of the major players of the market include Advantech Corporation, IBM corporation, Samsung electronics co, , Infosys, TCS, Cognizant, UTI worldwide Inc, Tech Mahindra, Sap Ag, Oracle etc.
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