Digital Logistics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Digital Logistics Market
The digital logistics market size was valued at USD 28.13 billion in 2023, and the market is now projected to grow from USD 32.44 billion in 2024 to USD 120.33 billion by 2032, exhibiting a CAGR of 17.8% during the forecast period of 2023-2030.
In expansion, the request in this market is expanding as organizations are beginning to contribute to modern coordination innovations taking after the challenges posed by COVID-19. Agreeing to an overview conducted by an industry master in 2020, 56% of supply chain coordination companies arrange to contribute more in determining due to the impacts of the widespread, highlighting the move digital logistics market growth for improved effectiveness and flexibility.
Asia Pacific is balanced to realize the most elevated growth rate within the assessed time allotment, impelled by expanded government investing, framework upgrades, and extended get to worldwide markets. In the interim, the Center East & Africa is expected to witness the second-highest growth rate within the digital logistics market share, driven by the advancement of cloud computing innovations enabling automation and advanced change. These headways are instrumental in driving market extension within the locale.
Moreover, IoT integration permits for proficient administration of distribution center logistics, conveyance operations, and armada administration, contributing to moving bout forward supply chain productivity. Investigators venture that by 2024, over 50% of IT investing will be coordinated toward computerized change activities, underscoring the significant effect of innovation selection on the coordination sector's advancement.
Comprehensive Analysis of Digital Logistics Market
Within the digital logistics market segmentation examination, the following and checking framework fragment claimed a noteworthy market share in 2023, essentially driven by the appropriation of real-time following devices that upgrade straightforwardness, effectiveness, and unwavering quality in coordination operations. Additionally, the on-premises sending mode ruled the market, advertising clients ease of openness and control over their coordination forms, whereas the cloud portion is anticipated to witness significant development owing to its adaptability and versatility benefits. Alternately, the healthcare portion is anticipated to involve noteworthy development, driven by the selection of computerized coordination to upgrade supply chain permeability, streamline stock administration, and move forward, by and large, operational effectiveness, in this way contributing to the sector's patient-centric approach and future progressions.
The North America, the digital logistics market held a significant share market size of USD 10.11 billion in 2023 due to impelled by the early selection of computerized advances by expansive IT companies within the coordination division and the nearness of a profoundly talented workforce competent in driving development.
Key players within the digital logistics market are driving innovation through carefully upgraded arrangements to cultivate commerce growth and adaptability. They prioritize extending their showcase reach through acquisitions of little and nearby firms, nearby key associations, and ventures. Key companies such as Cognizant, Softlink, Blue There Bunch, SAP SE, and Siemens AG are at the cutting edge of offering cutting-edge logistics arrangements. Later industry improvements incorporate UPS's securing of Cheerful Returns, Blue Yonder's collaboration with Seedcom to overhaul distribution center capabilities, Agraga's effective Arrangement A subsidizing circular to improve conveyance times, Autosled's Arrangement A subsidizing for revolutionizing car transport, and DiLX's collaboration with Nijhof Wassink to create the FlowNxt stage, solidifying information for streamlined logistics operations.
In March 2022, Autosled, a spearheading car digital logistics commercial center, concluded its Arrangement a financing circular, securing USD 5.0 million to assist its mission of changing the car transport division. This speculation underscores the company's commitment to revolutionizing transportation logistics through inventive digital solutions.
Segmentation Table
Global Digital Logistics Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 17.8% from 2024-2032
Unit Value (USD Billion)
Segmentation By Solution, By Application, By Deployment Mode, By End-User, and By Region
By Solution Tracking and Monitoring System
Data Management and Analytics
Electronic Data Interchange System
Fleet Management System
Others (Information Integrated Systems)
By Application Transport Management
Warehouse Management
Labor Management
Others (Reporting and Analysis)
By Deployment Mode
On-Premises
Cloud
By End-user Manufacturing
Retail and Consumer Goods
Healthcare
Energy and Utilities
Automotive
Others (Aerospace and Defense)
By Region North America (By Solution , Application , Deployment Mode, End-user, and Country)
- U.S. (By End-user)
- Canada (By End-user)
- Mexico (By End-user)
South America (By Solution, Application, Deployment Mode, End-user, and Country)
- Brazil (By End-user)
- Argentina (By End-user)
- Rest of South America
Europe (By Solution, Application, Deployment Mode, End-user, and Country)
- U.K. (By End-user)
- Germany (By End-user)
- France (By End-user)
- Italy (By End-user)
- Spain (By End-user)
- Russia (By End-user)
- Benelux (By End-user)
- Nordics (By End-user)
- Rest of Europe
Middle East & Africa (By Solution, Application, Deployment Mode, End-user, and Country)
- Turkey (By End-user)
- Israel (By End-user)
- GCC (By End-user)
- North Africa (By End-user)
- South Africa (By End-user)
- Rest of the Middle East & Africa
Asia Pacific (By Solution, Application, Deployment Mode, End-user, and Country)
- China (By End-user)
- Japan (By End-user)
- India (By End-user)
- South Korea (By End-user)
- ASEAN (By End-user)
- Oceania (By End-user)
- Rest of Africa Pacific
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