The surge in e-commerce, demand for real-time visibility, and adoption of IoT and AI technologies propel digital logistics market growth.
PORTLAND, OREGON, UNITED STATES, November 21, 2023 /EINPresswire.com/ — The digital logistics market was valued at $24.8 billion in 2022, and is estimated to reach $155.3 billion by 2032, growing at a CAGR of 20.4% from 2023 to 2032.
The digital logistics industry is experiencing significant transformation and growth. E-commerce expansion is a major driver, with increased demand for efficient supply chain solutions. Automation and data analytics are key trends, streamlining operations and enhancing decision-making. Big data and IoT technologies provide real-time visibility into shipments, optimizing routes, and reducing costs. Artificial intelligence and machine learning are used to predict demand, enabling proactive inventory management.
Request Sample PDF Report at: https://www.alliedmarketresearch.com/request-sample/3891
In addition, the COVID-19 pandemic accelerated the adoption of digital logistics as businesses sought resilient supply chains. Overall, the digital logistics market analysis is marked by innovation, efficiency, and adaptability, serving as a vital component of the evolving global commerce landscape. Furthermore, major market players have undertaken various strategies to increase the competition and offer enhanced services to their customers.
For instance, in September 2023, IBM announced the expansion of its collaboration with biscuit brand Parle Products Pvt. by deploying cloud and artificial intelligence for business solutions through the course of the association, Parle was able to reduce sourcing cost, enhance sales forecast accuracy, lower the cost to serve and optimize IT infrastructure. Further, in May 2022, The German multinational software company SAP is partnering with Apple to expand partnerships across the digital supply chain. SAP announces two new mobile apps – Warehouse Operator & Direct Distribution – are available in the Apple App Store and also unveils new sustainability tools.
If you have any special requirements, please let us know: https://www.alliedmarketresearch.com/request-for-customization/3891
By organisation size, the large enterprise segment is the highest-growing segment in 2022. This is attributed to the fact that the adoption of digital logistics industry solutions among large enterprises is driven by several factors such as the need for real-time visibility and tracking of goods throughout the supply chain is paramount.
Large enterprises require accurate and up-to-the-minute data to make informed decisions and proactively address potential disruptions. Meanwhile, small and medium-sized businesses are anticipated to be the fastest-growing segment during the forecast period. This is attributed to growing application of digital logistics is primarily geared towards achieving operational efficiency and cost reduction. These businesses typically have tighter budgets and may lack the infrastructure to support elaborate supply chain operations.
Buy Now & Get Exclusive Discount on this Report (324 Pages PDF with Insights, Charts, Tables, and Figures) at: https://www.alliedmarketresearch.com/world-digital-logistics-market/purchase-options
By region, the global digital logistics market forecast was dominated by North America in 2022 and is expected to maintain this trend during the forecast period. Regulatory changes and trade uncertainties are creating opportunities for digital logistics providers to offer compliance and risk management solutions. Ensuring compliance with evolving customs and trade regulations is crucial for businesses involved in international logistics. Therefore, employer adoption, customization, and growing demand are driving the growth of the digital logistics market in the North America region.
On the other hand, the Asia-Pacific is expected to grow as the fastest-growing segment during the forecast period. This is attributed as governments and businesses in Asia Pacific are increasingly focused on reducing carbon emissions and promoting eco-friendly transport solutions. Electric and autonomous vehicles, along with eco-conscious packaging materials, are gaining traction. Therefore, a diverse market landscape, digital transformation, and employee engagement are driving the growth of the digital logistics market in the Asia-Pacific region.
Inquire Here Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/3891
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
