The North America Digital Logistics Market would witness market growth of 16.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America Digital Logistics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $23,212.2 million by 2031. The Canada market is experiencing a CAGR of 19.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 18.1% during (2024 - 2031).
These logistics involves applying digital technologies and advanced data management practices to optimize and streamline logistics and supply chain operations. These logistics solutions are applied across various facets of supply chain management, revolutionizing how businesses handle logistics operations. Throughout the entire supply chain, these logistics technologies provide real-time visibility from suppliers to final consumers. This includes tracking shipments, monitoring inventory levels, and managing order statuses. Enhanced visibility helps businesses anticipate potential disruptions, optimize routes, and improve supply chain efficiency.
Moreover, these logistics solutions transform warehouse management by integrating automated storage and retrieval systems, warehouse management systems (WMS), and Internet of Things (IoT) sensors. These tools help in inventory management, order picking, and space optimization, leading to reduced operational costs and improved accuracy. Transportation management systems (TMS) leverage digital technologies to optimize routing, manage carrier relationships, and track shipments. By analyzing data and using algorithms, TMS solutions enhance route planning, reduce transportation costs, and improve delivery performance.
Investments in new hospitals, clinics, and specialized healthcare facilities across Canada drive the need for advanced logistics solutions to efficiently manage the distribution of medical supplies, pharmaceuticals, and equipment to these locations. The government of Canada has announced a $196.1 billion investment over ten years. This investment includes $46.2 billion in new funding for provinces and territories to improve healthcare services for Canadians. Furthermore, it will allocate $2.5 billion over ten years to bolster indigenous priorities and complementary federal support, resulting in a total of $198.6 billion over the same period. Mexico’s e-commerce sector has experienced significant growth, with major platforms like MercadoLibre, Amazon Mexico, and Walmart Mexico expanding their reach. This growth drives demand for digital logistics solutions that can handle the increased online orders and manage complex delivery networks. The domestic e-commerce industry was valued at USD 26.2 billion in 2022, a 23% increase from 2021, according to the International Trade Administration (ITA). In 2022, Mexican e-commerce consumers reached 63 million, a 5.5 million increase from the previous year. By 2027, the value of Mexico's e-commerce sector is expected to exceed USD 70.4 billion. Thus, rising investment in the healthcare sector and expansion of e-commerce in the region are propelling the market's growth.
Free Valuable Insights: The Digital Logistics Market is Predict to reach USD 92.3 Billion by 2031, at a CAGR of 17.2%
Based on Deployment Mode, the market is segmented into On – Premises and Cloud. Based on Solutions, the market is segmented into Tracking & Monitoring, Data & Analytics, Fleet Management Systems, Electronic Data Interchange (EDI) Systems, and Others. Based on Application, the market is segmented into Transport Management, Warehouse Management, Labor Management, and Others. Based on End User, the market is segmented into Manufacturing, Retail & Consumer Goods, Healthcare, Energy & Utilities, Automotive, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Deployment Mode
By Solutions
By Application
By End User
By Country
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