What is Digitalization in logistics?
Digitalization in logistics refers to web-based enterprise logistics applications for the unified logistics information system. Digital logistic has high growth predictions owing to the increasing demand for modern business process management for substituting manpower with automated solutions to deliver quality services. Logistics has introduced digital innovations at a slower pace than some other industries. This slower rate of digital adoption brings enormous risks that, if ignored, could be potentially catastrophic for even the biggest established players in the business. With the logistics industry suffering from some very significant inefficiencies for example, 50% of trucks travel empty on their return journey after making a delivery digital transformation can also bring important social and environmental benefits by growing efficiency and cutting down energy consumption and emissions.
The market study is broken down, by Application (Warehouse Management, Labor Management, Transportation Management and Others) and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Players from United States will contribute to the maximum growth of Global Digitalization in logistics market throughout the predicted period.
Advantech Corporation (Taiwan), Cisco System, Inc. (United States), Eurotech S.P.A (Italy), GT Nexus (United States), Infosys Ltd. (India), Digilogistics (Paris), Hexaware Technologies (India), IBM Corporation (United States), JDA Software (United States), Oracle Corporation (United States), Samsung Electronics Co (South Korea), SAP AG (Germany), Siemens AG (Germany), Zebra Technologies (United States) and Huawei Technologies (China) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Digitalization in logistics market by Type, Application and Region.
On the basis of geography, the market of Digitalization in logistics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Service/Solutions Type, the sub-segment i.e. Solution [Asset Management, Warehouse Management, Data Management and Analytics, Security, Network Management] will boost the Digitalization in logistics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Automotive will boost the Digitalization in logistics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by System Type, the sub-segment i.e. Tracking And Monitoring Systems will boost the Digitalization in logistics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Emphasizing On Real-Time Predictive Analytics, Blockchain, and Cloud-Driven Technology for Digital Logistics
- Rise in Adoption of IT Solutions for the Businesses
- Increasing Applications of Artificial Intelligence and Machine Learning in Digital Logistics
- Rising Demand for Digital Logistics from Emerging Countries
- Growing E-Commerce Industry
- High Initial Implementation Cost of Digital Logistics
- Lack of Skilled Professionals to Adopt New Technology
- Data Security and Privacy Concerns Regarding Digital Logistic System
Key Target AudienceDigital Logistics Service Provider, Technology Distributors, Industry Associations, Potential Investors, Government Organizations, Market Research Firms and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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