The global digital logistics market accounted for US$ 12,478 Mn in 2020 with a considerable CAGR of 9% during the forecast period of 2021 to 2028.
The automation and digitization of processes related to the movement of goods are referred to as digital logistics. Digital logistics help enterprises to conduct logistical and supply chain planning and execution more ease to keep up with the evolving consumer behavior and demand, and also to automate recurring task so that the logistic think-tanks can thrive of critical activities. Whenever a routine logistics process relies on pen and paper and repetitive manual labor, there is an opportunity to digitize and automate it. This is where digital logistics come into play which uses machine learning, AI, IoT, cloud computing and blockchain to harness full potential of digital logistics for supply chain management.
Drivers
- Growing adoption of digital technology in logistic industry
- Rise in e-commerce industry and its logistics network
- Huge volume of data generated by the industries
Restraints
- Need for high capital for set-up
- Lack of technological infrastructure and data security concern
Opportunities
- Implementation of blockchain and IoT technology for effective logistics operations
- Increasing investment into logistics startup from venture capitals and enterprises
Report Coverage:
| Market |
Digital Logistics Market |
| Market Size 2020 |
US$12,478 Mn |
| Market Forecast 2028 |
US $24,967 Mn |
| CAGR |
9 % During 2021 - 2028 |
| Analysis Period |
2017 - 2028 |
| Base Year |
2020 |
| Forecast Data |
2021 - 2028 |
| Segments Covered |
By Solution, By System, By End-User Industry, and By Geography
|
| Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled |
Advantech Co., Ltd, IBM Corporation, SAP SE, Oracle Corporation, HCL Technologies Limited, Tech Mahindra, Huawei Technologies Co., Ltd, Samsung Electronics Logitech Co., Ltd., Hexaware Technologies, JDA Software Group, Inc., and others.
|
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
| Customization Scope |
10 hrs of free customization and expert consultation
|
As the internet's pervasiveness drives the need for greater speed and agility within the supply chain, businesses must also look for ways to cut costs and communicate more effectively with service providers and partners. As a result, supply chain management is shifting away from traditional logistics to toward digital logistics. Many digital logistics platforms, on the other hand, incorporate an element of machine learning to assist in making critical, data-informed decisions and continuously driving improvement to supply chain processes. Digital logistics, with its transparent, real-time visibility of order fulfillment, inventory status, and shipment updates, is the quickest way for logistic companies to provide a better customer experience. These factors contribute to the growth of the digital logistics market during the forecasting period.
Market Segmentation
Market by Solution
- Warehouse Management
- Labor Management
- Transport Management
Based on the solution, the warehouse and transport management segment will have a sizable market share in 2020. These management solutions are enhancing distribution control and allowing for operational flexibility leading to overall cost reduction and a decrease in inventory lag time. Warehouse management systems use radio frequency technology and bar code technology to track inventory at accuracy rates exceeding 99.99%. This system includes product storage and configurations, flexible barcoding, hold management, and order management. Moreover, the transportation management system is integrated with transportation companies and services are critical assuming accurate and timely replenishment and shipment activity for products. This system includes advance shipment notification, load planning and management, yard management, and carrier notifications.
Market by System
- Tracking and Monitoring System
- Information Integrated System
- Electronic Data Interchange System
- Database Management System
- Fleet Management
- Order Management System
Based on the system, database management system segment have significant market shares in 2020. Due to the effect of globalization, the supply chain network has become more complex than before. Real-time information sharing is a vital component for attaining high rewards in commercial activities and delivering smooth integration among different supply chain participants within the network. As a result, several efforts have been focused to improve the efficiency of logistics activities such as order picking, storage, and others by focusing on instant data collecting techniques and effective data management technologies.
Market by End-User Industry
- Government
- Aerospace
- Defense
- Automotive
- Oil & gas
- Retail
- Manufacturing
- Healthcare
- Others
Based on the end use, the manufacturing segment has a considerable market shares in 2020. Manufacturers are using digital logistics to make their production-to-shipment flows more efficient and cost-effective. Furthermore, digital logistics can assist manufacturers in improving supply chain efficiency by utilizing data analytics from existing data sets. They can collect data from sensors and connected assets and use Artificial Intelligence to extract insights from this machine data in order to run prescriptive analysis. As a result, highly valuable real-time information may be made available to operational industrial leaders for use in optimizing performance.
Digital Logistics Market Regional Overview
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Latin America
- Brazil
- Mexico
- Rest of Latin America
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
North America dominated the digital logistics market in 2020, owing to the increasing penetration of digital technologies and systems such as radio frequency identification, electronic data interchange, and others, which are accelerating the digital logistics market. The Asia-Pacific region, on the other hand, is expected to grow at a significant rate due to the rapidly growing E-commerce industry, which is driving the digital logistics market.
Competitive Landscape
Most organizations are implementing digital logistics systems in order to remain flexible and competitive in the market as times change. Some major players covered in the digital logistics market are Advantech Co., Ltd, IBM Corporation, SAP SE, Oracle Corporation, HCL Technologies Limited, Tech Mahindra, Huawei Technologies Co., Ltd, Samsung Electronics Logitech Co., Ltd., Hexaware Technologies, JDA Software Group, Inc., and others.
In September 2020, Advantech introduces the TREK-60 modular In-Vehicle AI platform for scalable fleet management and surveillance. The TREK-60 in-vehicle solution is robust and highly customizable, making it ideal for public transportation, emergency services, heavy-duty vehicles, and utility fleets.
CHAPTER 1. Industry Overview of Digital Logistics
1.1. Definition and Scope
1.1.1. Definition of Digital Logistics
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Digital Logistics market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Digital Logistics By Solution
1.2.3. Digital Logistics By System
1.2.4. Digital Logistics By End-User Industry
1.2.5. Digital Logistics by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Digital Logistics Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Digital Logistics Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2. R&D Status and System Source of Digital Logistics Major Manufacturers in 2019
CHAPTER 5. Digital Logistics By Solution
5.1. Introduction
5.2. Digital Logistics Revenue By Solution
5.2.1. Digital Logistics Revenue (US$ Bn) and Forecast, By Solution, 2017-2028
5.2.2. Warehouse Management
5.2.2.1. Warehouse Management Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
5.2.3. Transport Management
5.2.3.1. Transport Management Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
5.2.4. Labor Management
5.2.4.1. Labor Management Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
CHAPTER 6. Digital Logistics Market Revenue By System
6.1. Introduction
6.2. Digital Logistics Revenue (US$ Bn) By System
6.2.1. Digital Logistics Revenue (US$ Bn) and Forecast By System, 2017-2028
6.2.2. Tracking and Monitoring System
6.2.2.1. Tracking and Monitoring System Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
6.2.3. Information Integrated System
6.2.3.1. Information Integrated System Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
6.2.4. Electronic Data Interchange System
6.2.4.1. Electronic Data Interchange System Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
6.2.5. Database Management System
6.2.5.1. Database Management System Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
6.2.6. Fleet Management
6.2.6.1. Fleet Management Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
6.2.7. Order Management System
6.2.7.1. Order Management System Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
CHAPTER 7. Digital Logistics Market By End-User Industry
7.1. Introduction
7.2. Digital Logistics Revenue (US$ Bn) By End-User Industry
7.2.1. Digital Logistics Revenue (US$ Bn) and Forecast By End-User Industry, 2017-2028
7.2.2. Government
7.2.2.1. Government Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
7.2.3. Aerospace
7.2.3.1. Aerospace Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
7.2.4. Healthcare
7.2.4.1. Healthcare Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
7.2.5. Defense
7.2.5.1. Defense Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
7.2.6. Automotive
7.2.6.1. Automotive Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
7.2.7. Oil & gas
7.2.7.1. Oil & gas Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
7.2.8. Retail
7.2.8.1. Retail Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
7.2.9. Manufacturing
7.2.9.1. Manufacturing Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
7.2.10. Others
7.2.10.1. Others Market Revenue (US$ Bn) and Growth Rate (%), 2017-2028
CHAPTER 8. North America Digital Logistics Market By Country
8.1. North America Digital Logistics Overview
8.2. U.S.
8.2.1. U.S. Digital Logistics Revenue (US$ Bn) and Forecast By Solution, 2017-2028
8.2.2. U.S. Digital Logistics Revenue (US$ Bn) and Forecast By System, 2017-2028
8.2.3. U.S. Digital Logistics Revenue (US$ Bn) and Forecast By End-User Industry, 2017-2028
8.3. Canada
8.3.1. Canada Digital Logistics Revenue (US$ Bn) and Forecast By Solution, 2017-2028
8.3.2. Canada Digital Logistics Revenue (US$ Bn) and Forecast By System, 2017-2028
8.3.3. Canada Digital Logistics Revenue (US$ Bn) and Forecast By End-User Industry, 2017-2028
8.4. North America PEST Analysis
CHAPTER 9. Europe Digital Logistics Market By Country
9.1. Europe Digital Logistics Overview
9.2. U.K.
9.2.1. U.K. Digital Logistics Revenue (US$ Bn) and Forecast By Solution, 2017-2028
9.2.2. U.K. Digital Logistics Revenue (US$ Bn) and Forecast By System, 2017-2028
9.2.3. U.K. Digital Logistics Revenue (US$ Bn) and Forecast By End-User Industry, 2017-2028
9.3. Germany
9.3.1. Germany Digital Logistics Revenue (US$ Bn) and Forecast By Solution, 2017-2028
9.3.2. Germany Digital Logistics Revenue (US$ Bn) and Forecast By System, 2017-2028
9.3.3. Germany Digital Logistics Revenue (US$ Bn) and Forecast By End-User Industry, 2017-2028
9.4. France
9.4.1. France Digital Logistics Revenue (US$ Bn) and Forecast By Solution, 2017-2028
9.4.2. France Digital Logistics Revenue (US$ Bn) and Forecast By System, 2017-2028
9.4.3. France Digital Logistics Revenue (US$ Bn) and Forecast By End-User Industry, 2017-2028
9.5. Spain
9.5.1. Spain Digital Logistics Revenue (US$ Bn) and Forecast By Solution, 2017-2028
9.5.2. Spain Digital Logistics Revenue (US$ Bn) and Forecast By System, 2017-2028
9.5.3. Spain Digital Logistics Revenue (US$ Bn) and Forecast By End-User Industry, 2017-2028
9.6. Rest of Europe
9.6.1. Rest of Europe Digital Logistics Revenue (US$ Bn) and Forecast By Solution, 2017-2028
9.6.2. Rest of Europe Digital Logistics Revenue (US$ Bn) and Forecast By System, 2017-2028
9.6.3. Rest of Europe Digital Logistics Revenue (US$ Bn) and Forecast By End-User Industry, 2017-2028
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Digital Logistics Market By Country
10.1. Asia Pacific Digital Logistics Overview
10.2. China
10.2.1. China Digital Logistics Revenue (US$ Bn) and Forecast By Solution, 2017-2028
10.2.2. China Digital Logistics Revenue (US$ Bn) and Forecast By System, 2017-2028
10.2.3. China Digital Logistics Revenue (US$ Bn) and Forecast By End-User Industry, 2017-2028
10.3. Japan
10.3.1. Japan Digital Logistics Revenue (US$ Bn) and Forecast By Solution, 2017-2028
10.3.2. Japan Digital Logistics Revenue (US$ Bn) and Forecast By System, 2017-2028
10.3.3. Japan Digital Logistics Revenue (US$ Bn) and Forecast By End-User Industry, 2017-2028
10.4. India
10.4.1. India Digital Logistics Revenue (US$ Bn) and Forecast By Solution, 2017-2028
10.4.2. India Digital Logistics Revenue (US$ Bn) and Forecast By System, 2017-2028
10.4.3. India Digital Logistics Revenue (US$ Bn) and Forecast By End-User Industry, 2017-2028
10.5. Australia
10.5.1. Australia Digital Logistics Revenue (US$ Bn) and Forecast By Solution, 2017-2028
10.5.2. Australia Digital Logistics Revenue (US$ Bn) and Forecast By System, 2017-2028
10.5.3. Australia Digital Logistics Revenue (US$ Bn) and Forecast By End-User Industry, 2017-2028
10.6. South Korea
10.6.1. South Korea Digital Logistics Revenue (US$ Bn) and Forecast By Solution, 2017-2028
10.6.2. South Korea Digital Logistics Revenue (US$ Bn) and Forecast By System, 2017-2028
10.6.3. South Korea Digital Logistics Revenue (US$ Bn) and Forecast By End-User Industry, 2017-2028
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Digital Logistics Revenue (US$ Bn) and Forecast By Solution, 2017-2028
10.7.2. Rest of Asia-Pacific Digital Logistics Revenue (US$ Bn) and Forecast By System, 2017-2028
10.7.3. Rest of Asia-Pacific Digital Logistics Revenue (US$ Bn) and Forecast By End-User Industry, 2017-2028
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Digital Logistics Market By Country
11.1. Latin America Digital Logistics Overview
11.2. Brazil
11.2.1. Brazil Digital Logistics Revenue (US$ Bn) and Forecast By Solution, 2017-2028
11.2.2. Brazil Digital Logistics Revenue (US$ Bn) and Forecast By System, 2017-2028
11.2.3. Brazil Digital Logistics Revenue (US$ Bn) and Forecast By End-User Industry, 2017-2028
11.3. Mexico
11.3.1. Mexico Digital Logistics Revenue (US$ Bn) and Forecast By Solution, 2017-2028
11.3.2. Mexico Digital Logistics Revenue (US$ Bn) and Forecast By System, 2017-2028
11.3.3. Mexico Digital Logistics Revenue (US$ Bn) and Forecast By End-User Industry, 2017-2028
11.4. Rest of Latin America
11.4.1. Rest of Latin America Digital Logistics Revenue (US$ Bn) and Forecast By Solution, 2017-2028
11.4.2. Rest of Latin America Digital Logistics Revenue (US$ Bn) and Forecast By System, 2017-2028
11.4.3. Rest of Latin America Digital Logistics Revenue (US$ Bn) and Forecast By End-User Industry, 2017-2028
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Digital Logistics Market By Country
12.1. Middle East & Africa Digital Logistics Overview
12.2. GCC
12.2.1. GCC Digital Logistics Revenue (US$ Bn) and Forecast By Solution, 2017-2028
12.2.2. GCC Digital Logistics Revenue (US$ Bn) and Forecast By System, 2017-2028
12.2.3. GCC Digital Logistics Revenue (US$ Bn) and Forecast By End-User Industry, 2017-2028
12.3. South Africa
12.3.1. South Africa Digital Logistics Revenue (US$ Bn) and Forecast By Solution, 2017-2028
12.3.2. South Africa Digital Logistics Revenue (US$ Bn) and Forecast By System, 2017-2028
12.3.3. South Africa Digital Logistics Revenue (US$ Bn) and Forecast By End-User Industry, 2017-2028
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Digital Logistics Revenue (US$ Bn) and Forecast By Solution, 2017-2028
12.4.2. Rest of Middle East & Africa Digital Logistics Revenue (US$ Bn) and Forecast By System, 2017-2028
12.4.3. Rest of Middle East & Africa Digital Logistics Revenue (US$ Bn) and Forecast By End-User Industry, 2017-2028
12.5. Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of Digital Logistics
13.1. Digital Logistics Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New End-User Industry Launches and End-User Industry Enhancements
13.2.3. Mergers And Acquisition In Global Digital Logistics market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. COMPANY PROFILE
14.1. Advantech Co., Ltd
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Bn), 2020
14.1.3.2. Advantech Co., Ltd 2020 Digital Logistics Business Regional Distribution
14.1.4. End-User Industry/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. SAP SE
14.3. IBM Corporation
14.4. Oracle Corporation
14.5. Tech Mahindra
14.6. HCL Technologies Limited
14.7. Huawei Technologies Co., Ltd
14.8. Samsung Electronic Logitech Corporation
14.9. International Business Machines Corporation
14.10. JDA Software Group, Inc.
14.11. Hexaware Technologies
