The Digital Logistics Market is Predict to reach USD 92.3 Billion by 2031, at a CAGR of 17.2%

Digital Logistics Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Digital Logistics Market size is expected to reach $92.3 billion by 2031, rising at a market growth of 17.2% CAGR during the forecast period.

The Cloud segment generated the highest revenue in the Global Digital Logistics Market by Deployment Mode in 2023; thereby, achieving a market value of $61 billion by 2031. Cloud-based solutions offer unmatched scalability, allowing businesses to adjust their resources based on demand easily. This flexibility is crucial for logistics operations, which often experience fluctuations in workload due to seasonal demand, market changes, or unexpected disruptions.

The Tracking & Monitoring segment is registering a CAGR of 16.5 % during the forecast period. Tracking and monitoring solutions provide real-time visibility into the location, status, and condition of goods throughout the supply chain. This visibility is crucial for logistics operations, enabling companies to monitor shipments, anticipate delays, and make informed decisions to ensure timely delivery.

The Transport Management segment led the Global Digital Logistics Market by Application in 2023; thereby, achieving a market value of $36.7 billion by 2031. Transport management is at the heart of logistics operations, as it involves planning, executing, and optimizing the physical movement of goods. Digital logistics solutions in transport management directly impact supply chain operations' efficiency, cost-effectiveness, and reliability, making it a primary focus for digital transformation.

The Manufacturing segment is growing at a CAGR of 16.4 % during the forecast period. Manufacturing processes often involve complex supply chains with multiple suppliers, production facilities, and distribution channels. Digital logistics solutions help manage and streamline these intricate networks, ensuring that materials and components are delivered quickly, reducing delays, and minimizing inventory holding costs.

Full Report: https://www.kbvresearch.com/digital-logistics-market/

The North America region dominated the Global Digital Logistics Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $32.3 billion by 2031. The Europe region is anticipated to grow at a CAGR of 16.8% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 17.8% during (2024 - 2031).

List of Key Companies Profiled

• Cognizant Technology Solutions Corporation
• Softlink Global (Constellation Software, Inc.)
• Blue Yonder Group, Inc. (Panasonic Holdings Corporation)
• SAP SE
• Advantech Co., Ltd.
• Oracle Corporation
• IBM Corporation
• Siemens AG
• Bristlecone (Mahindra Group)
• Honeywell International, Inc.

Digital Logistics Market Report Segmentation

By Deployment Mode

• On - Premises
• Cloud

By Solutions

• Tracking & Monitoring
• Data & Analytics
• Fleet Management Systems
• Electronic Data Interchange (EDI) Systems
• Others

By Application

• Transport Management
• Warehouse Management
• Labor Management
• Others

By End User

• Manufacturing
• Retail & Consumer Goods
• Healthcare
• Energy & Utilities
• Automotive
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Digital Logistics Market Size & Analysis 2031

• September-2024
• 145 Pages

LAMEA Digital Logistics Market Size & Industry Trend to 2031

• September-2024
• 159 Pages

Europe Digital Logistics Market Size & Growth Forecast 2031

• September-2024
• 163 Pages

Asia Pacific Digital Logistics Market Size & Forecast - 2031

• September-2024
• 161 Pages