Global Digital Transformation Spending in Logistics Market to Reach US$ 94,972.3 Mn by 2026
The global digital transformation spending in logistics market is anticipated to reach US$ 94,972.3 Million by 2026 at a CAGR of 10.7% during the forecast period.
Albany, NY -- (SBWire) -- 10/01/2018 --Rising adoption of digital transformation spending in logistics, particularly in the logistics and transport industries is a major influencer in the growth of the market. This can be largely attributed to the increased efficiency and reduced productivity losses resulting from digital solutions. Increasing investments in digital environment infrastructure for logistics purpose is also expected to positively affect the market.
Revenue earned from the natural and organic flavors market are estimated to grow at a healthy CAGR of 10.7% through 2026. Such insights have been taken from the report titled "Digital Transformation Spending in Logistics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026" added recently to the huge repository of Market Research Reports Search Engine (MRRSE).
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North America is anticipated to continue as the digital transformation spending in logistics market leader owing to the requirement of flexible and active IT support and the widespread adoption of logistics solutions in the region. However, prohibitory initial investment and maintenance costs are anticipated to be primary constraining factors.
Key market players are focusing on merger and acquisition strategies in order to gain competitive advantages by addressing the growing needs of clients seeking improvements though innovative digital business models and extensively enhanced customer experiences, by jointly increasing efficiency in developing optimized business models.
Digital Transformation Spending in Logistics Market: Report Overview
The report contains a complete analysis and forecast at a regional and global level for the digital transformation spending in logistics market, in terms of value (US$ Mn), for the period of forecast 2018 to 2026. Important business dynamics, such as economic, social, technological and political factors impacting development and requirement for digital transformation spending in logistics have been comprehensively examined in the report.
An extensive analysis on the digital transformation spending in logistics industry has been offered in this report, and the Porter's Five Forces model has been effectively been utilized to help in a better understanding about the competitive scenario among major market players. A complete market attractiveness analysis of each player has been incorporated in the report, where applications have been accurately assessed on the basis of their general attractiveness, growth rate, and market size. Key players have been assessed on the basis of SWOT analysis, relevant recent developments, company portfolio, and business strategies.
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Digital Transformation Spending in Logistics Market: Research Methodology
Elaborate discussions and interviews have been conducted with eminent industry experts and opinion leaders to create this report. Detailed primary and secondary research has been conducted, to extract reliable insights on the digital transformation spending in logistics market. Primary research comprises a large part of the research efforts, which is supplemented and validated by in-depth secondary research.
Key market players in the digital transformation spending in logistics market have been studied closely, and relevant data has been extracted from data sources such as annual reports, press releases, and other relevant documents for better understanding of the market's competitor landscape. The research approach is found to be very effective and successful in extracting useful insights on market data, industry participants, and new business opportunities.
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