Digital Logistics Market Size, Share, Trends, Value 2030

The global digital logistics market size was worth around USD 1974.68 million in 2022 and is predicted to grow to around USD 6647.82 million by 2030 with a compound annual growth rate (CAGR) of roughly 16.53% between 2023 and 2030.

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The report analyzes the global digital logistics market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the digital logistics industry.

Global Digital Logistics Market: Overview

Digitalization in the logistics business has opened new ways to expand the business. As a fact, digital logistics in the supply chain play a crucial role, right from eliminating manual data collection errors throughout the process that is prone to human errors and to improve & expedite logistics processes. Digitalization in logistic has proved not only to save money on operational expenses but it also helps in accurate order fulfillment, lost productivity, and maintain data transparency for all the vendors and partners involved in the process.

Global Digital Logistics Market: Growth Factors

Growth in customer base, economic & political developments, an increase in the number of digital customers, and the rising era of IoT are some of the factors fueling the growth of the global digital logistics market. The supply chain industry is rapidly taken by the Internet of Things (IoT). In the upcoming years it is been estimated that IoT will have an impact on the supply chain and logistics. IoT enables the retail, transportation, and manufacturing companies to monitor goods in real-time and makes sure they are arrived in good condition and most importantly on the right place and time. IoT in logistics has several applications such as smart warehouse and wearables. Such a digital transformation in logistics is driving the growth of the digital logistic market. On the other side, lack of expertise in the field and technology constraints may hinder the growth of the global digital logistics market. Furthermore, advanced technologies including driverless vehicles and 3D printing may create huge opportunities for the market in the forthcoming years.

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Digital Logistics Market: Report Scope

The global economy has been adversely affected by the COVID-19 pandemic. It has an impact on each and every sector including transport, IT, healthcare, and many more. Strict lockdowns were imposed by several countries to control the spread of the disease, which has resulted in disruption in the supply chain, which in turn resulted in cessation of the markets of business to business logistics. Additionally, China is considered as the world’s factory as over 200 firms of Global Fortune 500 are present in Wuhan, the one which experienced the hardest hit of COVID-19. Thus the companies relying on the supply chain in China for direct or secondary suppliers experienced a huge setback for the business.

Global Digital Logistics Market: Segmentation

The global digital logistics market is segmented by solutions, services, functions, and region.

By solutions, data management and analytics are expected to register the highest growth rate over the forecast year. This tool helps IoT devices to gather a large amount of raw data and provides meaningful insights that help organizations to improve process efficiency.

On the other hand, by functions, transportation management is likely to hold the maximum share of the market over the forecast period. Rising needs for tracking losses during transportation, on time delivery records, etc. are factors driving the growth of this segment.

Global Digital Logistics Market: Competitive Players

JDA Software Pvt Ltd, IBM Corporation, Oracle Corporation, DigiLogistics Technology Ltd, Advantech Corporation, Tech Mahindra Limited, Hexaware Technologies Limited UTI Worldwide Inc., SAP SE, and Samsung Electronics Co. Ltd (Samsung SDS), are some of the major players operating in the global digital logistics market.

Global Digital Logistics Market: Regional Analysis

North America accounted for holding the largest share of the global digital logistics market. The presence of large IT firms, the high adoption rate of advanced technologies in the US & Canada, and availability of large digital service providers is fueling the growth of the market in this region. Europe is estimated to hold second-largest share in the market, while the market in Asia Pacific is estimated to register the highest growth during the forecast period.

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Growing transportation business, expansion of business in untouched areas, growing regional e-commerce sector, and adoption of newer technologies are spurring the growth of the market in this region. The market in Latin America is also growing at a rapid pace; the growing adoption of digital services between the regional transportation and logistics industry is mainly contributing to the growth of the market in this region.

Digital Logistics Market: Competitive Analysis

The global digital logistics market is dominated by players like:

• JDA Software Pvt Ltd
• IBM Corporation
• Oracle Corporation
• DigiLogistics Technology Ltd
• Advantech Corporation
• Tech Mahindra Limited
• Hexaware Technologies Limited UTI Worldwide Inc
• SAP SE
• Samsung Electronics Co. Ltd (Samsung SDS)

The global digital logistics market is segmented as follows:

By Solutions

• Information Integrated Systems
• Fleet Management Systems
• Electronic Data Interchange Systems
• Database Management Systems
• Order Management Systems
• Tracking and Monitoring System

By Services

• Planning & Consulting
• Deployment & Integration
• Support & Maintenance

By Function

• Warehouse Management
• Transportation Management

Global Digital Logistics Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.