Digitization in Logistics Supply Chain Market Size, Share, Trends, Growth and Forecast 2032

Digitization in Logistics Supply Chain Market Insights

According to Zion Market Research, the global Digitization in Logistics Supply Chain Market was worth USD 13.78 Billion in 2023. The market is forecast to reach USD 43.96 Billion by 2032, growing at a compound annual growth rate (CAGR) of 12.3% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Digitization in Logistics Supply Chain Market industry over the next decade. The report offers a valuation and analysis of Digitization in the Logistics Supply Chain Market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2018 to 2023 along with a forecast from 2024 to 2032 based on value (USD Billion).

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Digitization in Logistics Supply Chain Market: Overview

Digitization has made logistics supply chain activities more agile, customer-centric, and proficient. In addition to this, the onset of the industry 4.0 revolution is likely to make enterprise supply chain processes more digitized, smart, and connected, and hence firms are likely to increase the digitization of their logistics supply chain activities in the near future. Furthermore, digitization of logistics supply chain activities can not only increase the processing speed but also result in cost reduction. Moreover, the move can help the logistics firms as well as other firms in the production business to carry the operations to the next technological phase and can assist them in business decision-making along with enhancing the operational efficiency of logistics supply chain processes. Digitization will help organizations in enhancing the sales of their manufactured products through process digitization as it will result in improvement in value chain activities and facilitate just-in-time delivery of the products.  

Digitization in Logistics Supply Chain Market: Growth Drivers

The thriving e-Commerce industry is projected to make notable contributions towards digitization in the logistics supply chain market size in the upcoming years. Apart from this, the surge in the production units across emerging economies will promulgate the expansion of digitization in the logistics supply chain industry over the forecast timespan. Moreover, logistics plays a key role in supply chain activities as it includes effectively managing & planning goods & services. Apparently, large-scale demand for effective transport of raw substances from the site of procurement to the manufacturing base as well as transportation of finished goods to warehouses & retailers or distributors from manufacturing facilities will drive the market demand.

Furthermore, the onset of IoT and AI technologies will unravel new growth avenues for digitization in logistics supply chain business in the upcoming years. With the spread of the COVID-19 pandemic across the globe, the market for digitization in logistics supply chain industry is anticipated to accelerate over the ensuing years. Industry players are investing in the automation of logistics supply chain services to improve the accuracy & timeliness of these activities along with proficiently managing the fleet & enhance their profits, thereby enlarging the business scope.

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Digitization in Logistics Supply Chain Market: Report Scope

Regional Landscape

Asia Pacific Market To Witness Lucrative Growth Over 2024-2032

The expansion of digitization in logistics supply chain industry in the Asia Pacific over the assessment timespan is credited to the swift industrialization witnessed in the emerging countries in APAC. Apart from this, the influx of a large number of multinational firms in the countries such as India and China will substantiate the demand for the web and this, in turn, will generate a rise in the digitization of supply chain activities across the region. This, in turn, will drive the regional market growth trends. In addition to this, the need for real-time monitoring of activities as well as effective tracking of the logistics supply chain events during transit has led to enormous market penetration in Asia Pacific in recent years. Firms in the APAC countries are focusing on reducing the negative impact of the coronavirus pandemic on logistics & supply chain business in the region and hence are adopting digitization of supply chain & logistics operations, thereby unraveling huge untapped growth potential for the market in the region.

Competitive Landscape

Key players profiled in the study include 

• Oracle Corporation
• Accenture
• Tata Consulting Services Limited
• Advnatech Co. Ltd.
• Cognizant
• SAP SE
• Capgemini SE
• Hexaware Inc.
• IBM Corporation
• Wipro Ltd.

The global Digitization in Logistics Supply Chain Market is segmented as follows:

By End-User:

• Automotive
• BFSI
• Manufacturing
• IT & Telecom
• Healthcare
• Oil & Gas

By Organization Size:

• SMEs
• Large Enterprises

By Region

• 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