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The global digital logistics market has been estimated to grow with a CAGR of 9.90% during 2016-2023. Digital logistics is a service provided by IT consulting firms who are specialized in application, server, network, FL and VOIP solutions for small and medium businesses across the globe. Increasing demand for e-commerce is the key trend for the global digital logistics market. In UK and U.S., online retail market is already well established but in developing countries such as Turkey, e-commerce market is rapidly expanding. In Turkey, in the year 2016, it was observed that out of 77 million people around 44% shopped online. This percentage is estimated to reach up to 71.3% by 2020. One of the major key factors driving the global digital logistics market is the increasing application of digital logistics in numerous sectors.
Key factors driving global digital logistics market include:
Digital logistics is majorly driven by the advent of e-commerce which has empowered customers who can now source products from all over the world. With digital logistics, the new enterprise and supply chain logistics applications are united with labor management systems, transportation and core warehouse to ensure fulfillment, excellence and enable new process models. In recent years, security issues have become a critical concern for logistics companies. As per U.S. Department of Commerce, it costs companies above $40 billion a year, due to employee theft. The logistics security issue has a huge influence over both large and small companies. According to industry experts, the companies should be protected from following four most common threats; physical disaster, piracy, terrorism, and theft, for which a proper security plan must be adopted. Some of the challenges that global digital logistics market face are: expensive data communication and system scalability. Two other trends affecting the development of digital logistics are the increased focus on data transfer along with the supply chain and increased adoption of RFID systems for traceability and tracking. The report focuses on the application of the digital logistics market in various industries and it also focuses on the factors that are leading to growth and development of the industry. Restraining factors such as security, privacy, and lack of ICT infrastructure market opportunities hinder the market growth. In spite of all restraints and challenges, the global digital logistics market has great opportunities in advancing cloud-based technologies and growing e-commerce.
Source: OBRC Analysis
The global digital logistic market is segmented on the basis of system, service, application and verticals. On the basis of system, market is sub-segmented into:
On the basis of service, market is sub-segmented into:
On the basis of application, the market is sub-segmented into:
On the basis of vertical, the market is sub-segmented into:
The revenue scope for the above application and vertical segments are specific to the digital logic market. However, the total revenue of these application and verticals in general has been excluded from the scope of the report. Also, the total market revenue has been calculated by summing up system and service segment. Which include tracking and monitoring, information integrated, electronic data interchange, database management, fleet management, order management, consulting services, integration services and excluded any other segment than these.
Geographically, the global digital logistic market has been segmented into:
Europe has been forecasted to be the highest market in terms of revenue generation and North America has been estimated to experience huge market traction, in the due course. Asia Pacific is also expected to be the fastest growing region in the digital logistics market due to technological developments and rising adoption of digital logistics among all sectors.
The major market players of the global digital logistic market are:
Detailed analysis of these companies provided in this report comprises overview, SCOT analysis, product portfolio, strategic initiative and strategic analysis.
These companies use various strategies such as merger & acquisition, collaboration, partnership and product launching. For example, Oracle acquired LogFire in September 2016. LogFire is a cloud based warehouse management provider of software as a service. Logfire acquisition will complement Oracle and its supply chain management cloud suite. Why to buy the report:
This report will:
How we are different from others:
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global digital logistic market offers the longest chain of market segmentation covering major market segmentation based on services and system. The report tracks the major market trends in the global digital logistic market such as growing adoption of e-commerce in all sectors, emergency of digital technology and so on. For each market segments covered in global digital logistic report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the digital logistic market with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360 degree analysis, See Saw analysis, and Porter five force model and so on. For the high level analysis in the report we provide a comparative analysis of historic and current year data.
Key Findings of the global digital logistic market.