Digital Logistics Market Size, Share, Growth, Trends, and Global Industry Analysis: Size, Share, Growth, Trends, and Global Industry Analysis By Solutions (Information Integrated Systems, Fleet Management Systems, Electronic Data Interchange Systems, Database Management Systems, Order Management Systems, and Tracking & Monitoring Systems), By Function (Warehouse Management, Labor Management, and Transport Management), By Deployment Type (Cloud &On- Premises), By Vertical (Banking, Financial Services, & Insurance, Aerospace & Defense, Healthcare, Public Sector, IT & Telecom, and Retail), and  Region Forecast 2019-2030

The global digital logistics market size was valued at US$ 21,637.4 million in 2023, at a CAGR of 9.7% during the forecast period (2024-2030). The market for digital logistics is propelled by the growing need for real-time data analysis, the expansion of e-commerce, and the expanding use of automation in supply chain management. Through the use of digital technologies, businesses are concentrating on increasing operational efficiency, cutting costs, and boosting supply chain visibility. High startup costs and difficult integration with old systems continue to be major obstacles that companies, particularly small and medium-sized organizations (SMEs), must overcome. Market participants may benefit greatly from the use of cutting-edge technologies like blockchain, IoT, and artificial intelligence (AI) in logistics. Predictive analytics, driverless cars, drones, and robotic process automation (RPA) are examples of emerging developments in logistics.

Key Players

The digital inspection market share is inclusive of several companies such as AT&T (U.S.), Eurotech S.P.An (Italy), HCL Technologies (India), ORBCOMM (U.S.), Cloud Logistics (U.S.), Freightgate (U.S.), Blue Yonder (U.S.), Infosys (India), Digilogistics (China), WebXpress (India), Ramco Systems (India), Impinj (U.S.), Intersec (France), ICAT Logistics (U.S.), Logisuite(US), Magaya (U.S.), Softlink (India), Samsung SDS (South Korea), Tech Mahindra (India), and Advantech (Taiwan), Hexaware ( India), Honeywell (US), Oracle, Intel Corporation, AT&T Intellectual Property, SAP SE, Honeywell International Inc., IBM Corporation.

Key Developments

• In April 2021, A worldwide strategic alliance was formed by Celonis, IBM Corporation, and Red Hat to let clients have more freedom and choice in how they deploy the technology and to hasten the adoption of the Celonis Execution Management System (EMS). Through this partnership, clients will be able to deploy automation, intelligence, and process mining to the business-driving core enterprise system tasks more quickly.
• In June 2022, Digital imaging technology company Phase One unveiled the P3 Payload, a flexible solution for using an unmanned aerial vehicle (UAV) to quickly, safely, and efficiently examine critical infrastructure.

Digital Logistics Market Segmentation

By Technology: Fleet Management Systems is the industry leader in digital logistics based on technology. These systems offer all-inclusive capabilities for controlling and overseeing a fleet's activities, improving productivity, and cutting expenses. Fleet management systems include real-time tracking, fuel management, route optimization, and maintenance scheduling as logistics organizations come under growing pressure to maximize their resources and guarantee on-time delivery. The adoption of these systems is further fueled by the increased emphasis on sustainability and cost-cutting, which enables businesses to lower carbon emissions and boost profitability. Furthermore, fleet management systems' capabilities are improved by the integration of cutting-edge technologies like IoT and AI, which further strengthens their position in the market by offering insights for improved decision-making and operational efficiency.

By Function: In terms of functionalities, the market leader for digital logistics is Transportation Management. This role includes organizing, carrying out, and optimizing the actual transportation of products, guaranteeing prompt delivery while reducing expenses. The need for quicker delivery times and the complexity of supply chains have made transportation management essential to the effectiveness of logistics. It improves route planning, load optimization, and carrier selection by utilizing cutting-edge technology like artificial intelligence, machine learning, and data analytics. Real-time tracking and visibility tools also assist companies in carefully monitoring shipments, responding to interruptions, and raising customer satisfaction. E-commerce is becoming more and more dominant in the digital logistics industry, and achieving customer expectations and preserving competitive advantage depend on efficient transportation management.

By Deployment type: The market for digital logistics is dominated by cloud-based solutions, depending on the kind of implementation. This choice is a result of the scalability, flexibility, and affordability of cloud computing, among other benefits. Cloud-based solutions drastically lower initial costs by enabling companies to access logistics software and services without requiring a large on-premises infrastructure. They also make it possible for supply chain participants to collaborate and share data in real-time, which improves operational effectiveness. The COVID-19 epidemic has brought attention to the necessity for flexible logistical solutions and the rising trend of remote work, which has further expedited the adoption of cloud-based installations. Furthermore, cloud solutions are becoming more and more appealing in the context of digital logistics since service providers' frequent upgrades and maintenance guarantee that businesses may take advantage of the newest advancements in technology without having to make large financial investments.

By Vertical: The retail and e-commerce sector dominates the digital logistics industry based on verticals. The enormous expansion of online commerce, which necessitates highly effective and optimized logistical systems, is what is driving this supremacy. To match the demands of consumers who want expedited delivery and real-time tracking, merchants and e-commerce enterprises need to implement cutting-edge digital logistics solutions. Moreover, integrated logistics systems that can easily manage inventory across several channels, including online and brick-and-mortar stores, are imperative given the growth of omnichannel commerce. The requirement for increased supply chain monitoring, inventory control, and consumer involvement has made digital logistics crucial for businesses. To remain competitive in this dynamic industry, large investments in technology and logistical infrastructure are emphasized, securing the retail and e-commerce vertical's leadership position.