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Digital logistics market forecast to 2023 published by leading research firm

Digital logistics market forecast to 2023 published by leading research firm

The digital logistics market is driven by various factors such as use of applications in logistics, high volume of data and improved service quality, and rapid of growth of IT solutions for the business. Rapid rate of adoption is considered as one of the major drivers of the market.

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Security, privacy, and lack of IT infrastructure restrain the adoption of digital logistics products. 

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The digital logistics market is characterized by intense competition and presence of regional as well as international players.

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The key market players are adopting strategies such as collaboration, acquisition, and technological innovation to extend their market reach. For example GE Oil and Gas Inc.

acquired Advantech Co. in October 2015 to fuel the innovation of Advantech Co.

The report segments the digital logistics market on the basis of product, application, industry vertical, and geographic region. The product is further bifurcated into system and service.

On the basis of system, it is divided into tracking and monitoring system, information integrated system, information integrated system, electronic data interchange system, database management system, fleet management, and other management system. The service segment includes consulting, system integration, and other classification.

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The major players of this market are Advantech Co., Ltd, SAP SE, IBM Corporation, Oracle Corporation, Tech Mahindra, HCL Technologies Limited, Huawei Technologies Co., Ltd, SAMSUNG ELECTRONIC LOGITECH Corporation, JDA Software Group, Inc., and Hexaware Technologies.

World Digital Logistics Market Key Segments:

  • By System
  • By Service
  • By Application
  • By Industry Verticals

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

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