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Digital Logistics Market worth $12.96 Billion by 2019
The report "Digital Logistics Market by System (Tracking & Monitoring, Information Integrated, EDI, Database Management, Fleet Management, Order Management), by Application (Warehouse, Transportation, Labour Management) & by Service - Global Market Forecast & Analysis (2014 - 2019)" defines and segments the digitallogistics market into various sub-segments with an in-depth analysis and forecasting of revenues. The report also identifies the factors driving this market, various restraints, and opportunities impacting it along with global adoption trends, future growth potential, competitive outlook, and the best practices in this market.
Browse 71 market data tables and 48 figures spread through 139 pages and in-depth TOC on “Digital Logistics Market by System (Tracking & Monitoring, Information Integrated, EDI, Database Management, Fleet Management, Order Management), by Application (Warehouse, Transportation, Labour Management) & by Service - Global Market Forecast & Analysis (2014 - 2019)”
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The pressing needs from the end customers for digital logistics for supply chain velocity, information velocity and financial velocity are playing the vital role in defining the future of digital logistics market. The advent of tracking and monitoring system, information integrated system, electronic data interchange system, database management system, fleet management system and order management system are the products of huge demand for digital logistics. Moreover, various solution providers are developing their products to cater the customized customer demands. Various cloud technology based products are now available in the market for warehouse, transportation and labor management requirements. Major players in this market are Advantech, DigiLogistics, Hexaware, IBM, JDA Software, Oracle, , SAP, Tech Mahindra, UTI Worldwide.
MarketsandMarkets has segmented the global digital logistics market by type of systems: tracking and monitoring systems, information integrated systems, electronic data interchange systems, database management systems, fleet management systems and order management systems; by services: consulting services, system integration services and other services; by applications: warehouse management, labor management and transportation management; by verticals: automotive, government, defense and aerospace, healthcare and life science, telecommunication and IT, industrial, engineering and manufacturing, retail, chemical, oil and gas and others; by regions: North America (NA), Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America(LA).
The major forces driving this market are cost reduction and time saving, emergence of digital technology, growing use of application and high volume data and improved service quality. Also, cloud based technological advancement, growing e-commerce and globalization have given rise to the new business scenarios in this market. Digital logistics providers look forward to gain better competitive advantage in this emerging market, thereby creating customizable logistics applications that facilitate quicker customer adoption of the same.
MarketsandMarketsestimates that the digital logistics market is estimated to be $8.78billion in 2014 and is expected to grow to $12.96billion by 2019. This represents an estimated Compound Annual Growth Rate (CAGR) of 8.09% from 2014 to 2019. In the current scenario, retail vertical continues to be the largest market segment for digital logistics amongst verticals. Europe is expected to be the biggest market in terms of revenue contribution, while the North America regionis expected to experience increased market traction, in the due course.
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