Pune, India -- (SBWIRE) -- 08/22/2018 -- Market Synopsis:

The incorporation of digitalization into logistics opens up avenues for cost-effectiveness as well as assures optimum performance. The industry leaders have already initiated the adoption of the technology, and the market is expected to witness more demand over the next few years. Market Research Future (MRFR) has revealed in its latest report that the market will reach a value of USD 19 Bn, and grow at a robust CAGR of 11% across the forecast period 2017 to 2023.

The amplified offerings available in the Digital Logistics Market coupled with the developments in product line expected to be introduced by 2023 will catapult the market expansion at a fierce pace. Moreover, the globalization has paved the way for consumers to source commodities from all across the world which has spurred the need for a reliable digital logistics solution. The factors propelling the demand for digital logistics are loss due to employee theft, loss of goods in transit, issues related to product distribution, etc. The introduction of e-commerce and m-commerce has also propelled the market for expansion for digital logistics.

The exemplary performance of digital logistics in some industries has opened up avenues for large-scale adoption of the technology for generating benefits such as employee retention, optimum performance, customer satisfaction, etc.

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Competitive Dashboard:

The key players profiled by MRFR in its recently published report includes SAP SE (Germany), Samsung Group (South Korea), Advantech Co. (Taiwan), Huawei Technologies Co., Ltd. (China), Hexaware Technologies (India), Tech Mahindra (India), Oracle Corporation (U.S.), HCL Technologies Limited (India), International Business Machines Corporation (U.S.), and, JDA Software Group, Inc. (U.S.). The players compete with each other to garner share in the market revenue by implementing strategies such as product innovation, product development, agreement, acquisition & merger, etc.

Wallenius Wilhelmsen, Norway, has entered into an agreement for acquiring 70% of the interest in Syngin Technology, a U.S. logistics provider. The initial purchase price is fixed at USD 22 Mn. It is a crucial step in realizing WW Solutions' aspiration to develop and deploy digital solutions for helping customers manage their business faster, better, and, smarter.

Segmentation of Digital logistics Market

The global digital logistics market is segmented on the basis of component, applications, verticals, and region. The component segment is further sub-segmented as services and system. Furthermore, the system is sub-segmented into database management systems, order management systems, fleet management systems, information integrated systems, tracking and monitoring systems, and electronic data interchange systems. Moreover, services are sub-segmented into consulting services and system integration services. The applications are sub-segmented into warehouse management, transportation management, and labor management. The verticals are segmented into automotive, government, defense, aerospace, healthcare, manufacturing, retail, and others. The market is covered across regions including North America, Europe, Asia Pacific, and Rest of the World.

Regional Analysis

The regional analysis of digital logistics market is done for regions such as North America, Asia Pacific, Europe, and the Rest of the World. North America is the witnessing high growth due to increasing penetration of digital technologies and systems such as radio frequency identification, electronic data interchange, and others, which is propelling the market of digital logistics. In the European region, the digital logistics market is gaining popularity due to next generation of cloud services which is propelling the market growth. Whereas, Asia Pacific countries, including China, Japan, and India, are the emerging markets for digital logistics, and it is expected to gain momentum with the increasing proliferation of internet connectivity and grow with the highest CAGR in the coming years.

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Intended Audience

- Digital logistics companies
- Digital logistics providers
- Computer graphics developers
- System integrators and third-party vendors
- Government bodies
- Technology investors
- Research institutes and organizations
- Market research and consulting firms
- End-users/enterprise-users

About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.