Global Digital Transformation Spending in Logistics Market Size & Share to 2027

Global Digital Transformation Spending in Logistics Market Size & Share to 2027

Global Digital Transformation Spending in Logistics Market

Digital transformation is an on-going process in logistics industry which is having significant impact on private as well as business environment. Digital transformation provides new opportunities for logistics as this integrative discipline, managing worldwide-distributed networks. Continuous growth in e-commerce coupled with quick delivery of products to gain competitive advantage has increase the demand for transport management systems and warehouse management system which is expected to drive the global digital transportation spending in logistics market growth.

Market Drivers

Increase in demand for digitalization of business processes and rise in cost pressure on the service providers is the key driving factor which is expected to boost the global digital transformation spending in logistics market growth. Furthermore, increase in adoption of digitalization in various industries including logistics, and the benefits are revolutionary for companies with greater consumer awareness, innovative business models, and reach higher productivity will positively contribute the market growth. Moreover, logistics industry spend on digital transformation to increase efficiency, sped, optimization, and timing of logistic services, thereby increase the customer satisfaction which is expected to fuel the market growth during this forecast period.

Market Restraints

However, requirement of huge investment and incur high maintenance costs are the major challenging factors for market which is expected to hamper the global digital transportation spending in logistics market growth during this forecast period.

Market Segmentation

Global Digital Transformation Spending in Logistics Market is segmented into solutions such as Hardware, Software, and Services, by devices such as RFID Readers, Real-time location system (RTLS), Barcode Scanners, Barcode Printers, Barcode Stickers, and Global positioning system (GPS), by deployment mode such as Cloud Based, and On-Premise. Further, market is segmented into IT Equipment such as Enterprise Services, and Client Machines.

Also, Global Digital Transformation Spending in Logistics Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as IBM, Unisys Corporation, Oracle, Sanco Software, Tech Mahindra, APL Logistics Ltd, Syntel, 3GTMS, SAP, and XPO Logistics.

Market Taxonomy

By Solutions

• Hardware
• Software
• Services

• RFID Readers
• Real-time location system (RTLS)
• Barcode Scanners
• Barcode Printers
• Barcode Stickers
• Global positioning system (GPS)

• Cloud Based
• On-Premise

• Enterprise Services
• Client Machines

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa