Research Nester published a report titled “Digital Logistics Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobaldigital logistics market in terms of market segmentation by type, deployment, vertical, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global digital logistics market is expected to garner a large revenue by growing at a CAGR of ~11% throughout the forecast period, i.e., 2022 – 2030, owing to the growing volume of data in logistics industry, high adoption of cloud-based services among small businesses, and rising need for cost-effective logistics. Additionally, increasing growth in the e-commerce sector is also estimated to fuel the expansion of market in the forthcoming years.
The market is segmented on the basis of type, deployment and vertical. On the basis of type, the data management & analytics segment is anticipated to occupy the largest share during the forecast period accounting to the useful role of analytics in collecting enormous data and drawing insights from it. Furthermore, based on deployment, the cloud segment is expected to witness the highest CAGR over the forecast period owing to the high flexibility, scalability and ease of management of cloud computing in organizations.
Regionally, the global digital logistics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. North America is expected to grab the largest share over the forecast period, which can be credited to the strong presence of major IT companies in the region. Moreover, Latin America is projected to witness noteworthy market growth in the future in view of the rapid advancements in cloud, IoT and AI technologies in the region.
Rise in Adoption of Cloud Technologies by Small Businesses Worldwide to Drive Market Growth
Cloud computing is extensively being deployed by a number of organizations across the world as it offers businesses a wide range of benefits such as reduced total cost, ease of implementation, automatic updates, and storage of data in a secure and centralized location. As a result, SMEs are moving towards the adoption of this technology over the last few years, which in turn is predicted to boost market growth in the near future.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, large capital investments associated with the adoption of digital logistics is expected to operate as key restraint to the growth of the global digital logistics market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global digital logistics market which includes company profiling of Oracle Corporation, IBM Corporation, SAP Group, Intel Corporation, AT&T Inc., Eurotech S.P.A, Honeywell International Inc., ORBCOMM, Blue Yonder Group, Inc., DigiLogistics Technology Ltd., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global digital logistics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.