January 22, 2020 by Market-NewsFlash
The incorporation of digitalization into logistics opens up avenues for cost-effectiveness as well as assures optimum performance. The industry leaders have already initiated the adoption of the technology, and the market is expected to witness more demand over the next few years. Market Research Future (MRFR) has revealed in its latest report that the market will reach a value of USD 19 Bn, and grow at a robust CAGR of 11% across the forecast period 2017 to 2023.
The exemplary performance of digital logistics in some industries has opened up avenues for large-scale adoption of the technology for generating benefits such as employee retention, optimum performance, customer satisfaction, etc.
Global Digital Logistics Market Segmentation:
By component, the market has been segmented into services, and, systems. The systems segment has been further sub-segmented into database management systems, order management systems, fleet management systems, and information integrated systems, tracking and monitoring systems, and, electronic data interchange systems. The services segment is sub-segmented into consulting services, and, system integration services.
By application, the market has been segmented into warehouse management, transportation management, and, labor management.
By verticals, the market is segmented into automotive, government, defense, aerospace, healthcare, manufacturing, retail, and, others.
By region, the digital logistics market has been segmented into North America, Asia Pacific, Europe, and the Rest of the World (RoW). North America market will be retaining its dominance across the assessment period owing to the immense demand and supply expected to generate in the region. Moreover, the technology adoption rate has always been higher in this market than in any other markets. The growing faith of the industry leaders in digital technologies will fuel the market growth in the region.
The key players profiled by MRFR in its recently published report includes SAP SE (Germany), Samsung Group (South Korea), Advantech Co. (Taiwan), Huawei Technologies Co., Ltd. (China), Hexaware Technologies (India), Tech Mahindra (India), Oracle Corporation (U.S.), HCL Technologies Limited (India), International Business Machines Corporation (U.S.), and, JDA Software Group, Inc. (U.S.). The players compete with each other to garner share in the market revenue by implementing strategies such as product innovation, product development, agreement, acquisition & merger, etc.
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