What is Digitized Logistics Market Scope?
With the rapid development in global trades, and development in supply chain is driving logistics service market. The global logistics services are expected to reach USD 16,400 billion by the FY 2026, and it is expected to grow at the CAGR of 7.4%. With the rapid development in technologies including sensors, IoT, data analytics is driving the digitization in this industry. Digitization in logistics industry enhance real time data, advance tracking, and enhance shipping process.
The Digitized Logistics market study is being classified and major geographies with country level break-up.
There are various companies are operating in this industry and exploring their footprint in new geographic regions by adopting various market growth initiatives including mergers & acquisitions, expansions, investments, new service launches and others. There are various new market players are entering this market, as it is required huge investment that is hindering the growth of this market. Research Analyst at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Digitized Logistics market throughout the predicted period.
Intel (United States), Infosys (India), Honeywell (United States), Eurotech S.P.A (Italy), IBM (United States), Oracle (United States), SAP (Germany), AT&T (United States), HCL Technologies (India) and ORBCOMM (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Cloud Logistics (United States), Freightgate (United States) and Blue Yonder (United States).
Analyst at AMA have segmented the market study of Global Digitized Logistics market by Type, Application and Region.
On the basis of geography, the market of Digitized 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).
In July 2020, ORBCOMM Inc, announced the launch of its next-generation analytics and reporting platform, with advanced enhanced features, considering advanced data insights and a dynamic user interface, others. Through this, the company enhances its market competency across the globe.
Influencing Market Trend
- Increase Investment in Research & Development
- Technology Development Such as Machine Learning, Artificial Intelligence, and Others
- Development in Technology
- High Growth in Logistic Services
- Rapid Development in Ecommerce Industry, Because of Coronavirus Pandemic
- Advancement in Self-Driving Vehicles is Transforming the Logistics Industry
- Growing Adoption of Cloud-Based Technology
- Rapid Acceptance of Industry 4.0
- Rising Concerns Related to Data Security
- Lack of Professional Skill Labour
- Lack of Awareness in Terms of Adoption, Because of High Capital Investment
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Digitized Logistics Providers, Government Regulatory and Research Organizations and End-Use Industries
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