The digital logistics market is driven by various factors such as use of applications in logistics, high volume of data and improved service quality, and rapid of growth of IT solutions for the business. Rapid rate of adoption is considered as one of the major drivers of the market. Security, privacy, and lack of IT infrastructure restrain the adoption of digital logistics products.
Growing E-commerce sector, high adoption of cloud technology, and globalization of the retail markets are creating sufficient opportunities in the digital logistics market. However, the expensive data exchange charges between the devices required for the communication are a major challenge for the digital logistic market.
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The digital logistics market is characterized by intense competition and presence of regional as well as international players. The key market players are adopting strategies such as collaboration, acquisition, and technological innovation to extend their market reach. For example GE Oil and Gas Inc. acquired Advantech Co. in October 2015 to fuel the innovation of Advantech Co.
Most of the organizations are adopting digital logistics systems to update themselves as the times change, to be more flexible and competitive in the market. The major players of this market are Advantech Co., Ltd, SAP SE, IBM Corporation, Oracle Corporation, Tech Mahindra, HCL Technologies Limited, Huawei Technologies Co., Ltd, SAMSUNG ELECTRONIC LOGITECH Corporation, JDA Software Group, Inc., and Hexaware Technologies.
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Key Benefits
- This report provides an extensive analysis of the current and emerging market trends and dynamics in the global digital logistics market.
- In-depth analysis has been done in this report by constructing market estimations for the key market segments.
- Geographically, the digital logistics market is analyzed based on various regions such as North America, Europe, Asia-Pacific, and LAMEA.
- This report entails the detailed quantitative analysis of the current market and estimations which assists in identifying the prevailing market opportunities.
- Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework
- Comprehensive analysis of all regions is provided that determines the prevailing opportunities in these geographies
- Comprehensive analysis of factors that drive and restrict the growth of the global digital logistics market is provided. For instance, increasing need of operational efficiency drives the global digital logistics market however lack of IT infrastructure is likely to be a major restraint of the market
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The major players:
The major players of this market are Advantech Co., Ltd, SAP SE, IBM Corporation, Oracle Corporation, Tech Mahindra, HCL Technologies Limited, Huawei Technologies Co., Ltd, SAMSUNG ELECTRONIC LOGITECH Corporation, JDA Software Group, Inc., and Hexaware Technologies.
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