Digital Logistics Market by components (Services, Solution), Organization Size (Large Enterprises, Small & Medium Enterprises), Deployment Mode, Industry - Global Forecast 2024-2030

Digital Logistics Market by components (Services, Solution), Organization Size (Large Enterprises, Small & Medium Enterprises), Deployment Mode, Industry - Global Forecast 2024-2030

The Digital Logistics Market size was estimated at USD 35.38 billion in 2023 and expected to reach USD 41.60 billion in 2024, at a CAGR 18.20% to reach USD 114.10 billion by 2030.

Digital logistics refers to the integration of advanced digital technologies into logistics and supply chain operations to enhance efficiency, visibility, and coordination. It encompasses the use of cloud computing, the Internet of Things (IoT), artificial intelligence (AI), machine learning, big data analytics, and other smart technologies to automate processes, streamline supply chain management, optimize transportation, track inventory in real-time, and improve the overall decision-making process. The expansion of digital logistics is majorly driven by the increasing demand for faster and more reliable delivery services, especially during the e-commerce boom. However, concerns regarding data security and privacy, given the reliance on data-driven systems, impact the reliability of digital logistics systems. Organizations are pursuing phased technology adoption strategies to manage costs, invest in robust cybersecurity measures, and conduct workforce upskilling programs to address the restraints. The adoption of blockchain is anticipated to offer enhanced security and transparency in transactions and processes. Autonomous vehicles and drones are expected to revolutionize last-mile deliveries, increasing efficiency and reducing human dependency. Additionally, the implementation of 5G networks promises to support real-time data transmission and advanced IoT applications, taking supply chain coordination and responsiveness to new heights.

Regional Insights

In the Americas, particularly North America, there is a high adoption rate of digital logistics technology, driven by the presence of major players and technology firms that invest heavily in innovation and digitalization. The market is mature, with companies leveraging advanced technologies such as AI, robotics, and the Internet of Things to optimize supply chains and reduce operational costs. APAC is experiencing rapid growth and is expected to witness significant expansion in the digital logistics market, propelled by the increasing digitalization of economies, particularly in China, India, and Southeast Asia. Production in this region is bolstered by large-scale manufacturing bases and the adoption of digital logistics to improve efficiency and connect with international markets. Europe leads within the region in terms of technology usage due to its advanced infrastructure, strict regulations regarding carbon emissions, and the need for efficient cross-border logistics operations. The Middle Eastern nations, due to their strategic location, are investing in digital logistics to become logistics hubs between East and West.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Digital Logistics Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Global upsurge in e-commerce and online retail activities
Rising incidence of cross-border trade of high-value items
Government initiatives promoting digitalization in logistics

Market Restraints

Technical limitations of integrating digital logistics

Market Opportunities

Advancements in digital logistics technologies with new smart features
Emerging push toward sustainability in logistics

Market Challenges

Concerns associated with data privacy and security

Market Segmentation Analysis

Components: Exponential adoption of solutions integrated with AI & ML to enable effective logistics management
Industry: Need for effective digital logistics in automotive and aerospace industries

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Digital Logistics Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Digital Logistics Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

ITS Logistics invests in technology infrastructure, launches AI for container tracking

ITS Logistics is advancing the logistics sector by launching its artificial intelligence tool, ContainerAI. This innovative application has been seamlessly incorporated into the U.S. Department of Transportation’s Freight Logistics Optimization Works (FLOW), a pivotal information exchange platform for supply chain stakeholders. ContainerAI represents a significant leap forward, enabling precise container tracking and risk prediction, thereby setting a new digital logistics efficiency and reliability standard.

Bosch Launches L.OS Logistics Platform For Europe, India & US

Bosch launched its innovative digital logistics platform, L.OS, for Europe, India, and the United States (U.S.) market, captivating 50 initial clients from these territories. Tailored to streamline IT operations within the transport and logistics sector, L.OS has rapidly garnered interest, securing partnerships with 20 logistics firms in Germany and India each and an additional ten in the U.S. This platform stands out by incorporating over 50 service providers into its digital marketplace, thereby offering a comprehensive array of logistics solutions, making it a pivotal tool for companies aiming to enhance their logistics efficiency.

Suttons and LogChain begin a digital partnership to improve global logistics

Suttons International partnered with LogChain to spearhead digital innovation in the logistics industry. This partnership highlights both organizations' dedication to enhancing digital transparency and scalability within the sector, building on LogChain's recent achievement of conducting the world's first fully digitalized cross-border shipment. By integrating LogChain's platform, Suttons International marks a critical milestone in its digital transformation journey, illustrating its leadership in driving digital advancements in logistics. This strategic move emphasizes the importance of digital innovation and sets a new standard for the industry's future.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Digital Logistics Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Digital Logistics Market, highlighting leading vendors and their innovative profiles. These include Accenture, Inc., Advantech Co., Ltd, Alpega Group, AWL India Private Limited, Blue Yonder by Panasonic Holdings Corporation, Bristlecone Inc., Cognizant Technology Solutions Corporation, Delhivery Limited, Detrack Systems Pte. Ltd., DigiLogistics Technology Limited, DiLX by Gateway Group Company, HCL Technologies Limited, Hexaware Technologies, Huawei Technologies Co., Ltd., Intel Corporation, International Business Machines Corporation, JDA Software Group, Inc., Microsoft Corporation, Oracle Corporation, Robert Bosch GmbH, Samsung SDS Co., Ltd., SAP SE, Siemens AG, SinoServices International Technologies Co., Ltd., Tech Mahindra Limited, and TheGreenFlux.

Market Segmentation & Coverage

This research report categorizes the Digital Logistics Market to forecast the revenues and analyze trends in each of the following sub-markets:

components
Services
Deployment & Integration Services
Planning & Consulting Services
Support & Maintenance
Solution
Asset Management
Data Management & Analytics
Network Management
Security
Warehouse Management
Organization Size
Large Enterprises
Small & Medium Enterprises
Deployment Mode
Cloud
On-premises
Industry
Aerospace & Defense
Automotive & Transportation
Banking, Financial Services & Insurance
Building, Construction & Real Estate
Consumer Goods & Retail
Education
Energy & Utilities
Government & Public Sector
Healthcare & Life Sciences
Information Technology
Manufacturing
Media & Entertainment
Telecommunication
Travel & Hospitality
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year