Digital Logistics Market Size, Share, Report 2024 to 2033

Digital Logistics Market Size and Growth 2024 to 2033

The global digital logistics market size was valued at USD 31.78 billion in 2023 and is expected to be worth around USD 161.30 billion by 2033. It is growing at a compound annual growth rate (CAGR) of 17.63% from 2024 to 2033.

The use of high technology in the logistics sector refers to digital logistics. Implementing digital technology in logistics maximizes the productivity, transparency, and smoothness of the process. Many high technologies such as artificial intelligence, blockchain, and IoT are being used to improve the supply chain process. This will improve the transparency of supply chain operations.

Digital logistics refers to the use of high technology in the logistics sector. Implementing digital technology in logistics maximizes the productivity, transparency, and smoothness of the process. Many high technologies such as artificial intelligence, blockchain, and IoT are being used to improve the supply chain process. This will improve the transparency of supply chain operations.

According to an article titled “Digital Transformation in Logistics Statistics: Revolutionizing Operations and Customer Experience” published in WifiTalents, statistics show a meteoric rise in digital usage and future-oriented strategies. The industry is moving towards a future where the supply chain will be ruled by bytes and bots.

• In the coming 5 years around 58% of the company’s primary focus is expected to transform digitally.
• 45% of logistics companies are believed to have a significant impact on their organizational model due to digital transformation.
• Between 2021 to 2026 the digital transformation in the logistics market is anticipated to grow at a CAGR of 8.2%.
• Artificial intelligence (AI) and machine learning (ML) in digital logistics were anticipated to grow by 10% annually through 2024.
• 49% of logistics companies anticipate improved supply chain visibility as a key benefit of digital transformation initiatives.
• Digital technologies are expected to drive 85% of cost-saving initiatives and process improvements in logistics by 2024.
• The Internet of Things (IoT) adoption in logistics for digital transformation will reach 41% by 2023.
• Automation and robotics adoption as part of digital transformation efforts in logistics is expected to see a 35% increase by 2025.
• The implementation of cloud technology for digital transformation in logistics was forecasted to grow by 22% annually through 2024.
• By 2025 there is expected to be a 48% increase in the use of predictive analytics in logistics digital transformation.

Digital Logistics Market Growth Factors

• Integration of Various Advanced Technologies: Managing and operating logistics frameworks, and improving efficiency, transparency, and agility by the companies has been revolutionized by digital logistics. Artificial intelligence (AI), machine learning (ML), big data, and automation are used for streamlining different operations, optimizing routes, tracking shipments in real-time, and thus helping in predicting demand more precisely. With the help of such comprehensive data insights, companies can easily optimize inventory management, streamline operations, and thereby improve the decision-making process.
• Globalization of Supply Chains: The supply chain requires digitization of traditional data collection methods that include manual spreadsheets and paper forms. This enables greater efficiency and accuracy in logistics processes and systems. Digital logistics enables companies to perform supply chain and logistics planning faster, keep up with evolving customer behaviors and expectations, and automate repetitive tasks so logistics teams can perform higher-level activities. Overall, for the reliable delivery of goods and services supply chains are becoming highly important. Thus, increasing the importance of digital technologies in the supply chain and the professionals managing them.
• Greater Control in Managing Processes: Digital supply chains allow logistics companies to segment customers more finely. This allows customers to choose delivery options that are better suited to them. Instead of waiting for information about delays that can take hours, days, or even weeks through traditional supply chains, digital supply chains provide logistics professionals with real-time updates that can help them plan and reroute more efficiently. Predictive analytics is preferred by logistics professionals for creating more accurate forecasting models that ensure effective supply chain function despite ever-changing real-world events.
• Increasing Customer Expectations or Faster, More Reliable, and Transparent Delivery Services: Automation and optimization of logistics processes reduce manual labor, minimize errors, and speed up operations. Consumers demand faster delivery times and require real-time supply chain visibility, which can be provided by digital logistics solutions such as IoT-enabled tracking and AI-driven analytics. They also increase efficiency and cost reduction by optimizing routes, reducing empty runs, and improving warehouse operations.
• Increasing Use of Cloud-Based Applications: Cloud-based logistics helps in computing tasks without any issues related to maintenance, security, or upgrades. The companies generate and manage a significant amount of data that includes shipping details, customer records, tracking information, and operational metrics. The volume of data depends on the size and scope of the business. To handle fluctuating demands cloud services, provide efficient data management, scalable storage, and flexibility to the companies. The use of cloud-based applications eliminates the need for upfront investments in infrastructure, provides data access from anywhere, and offers built-in security measures.
• Improve Relationships with Partners: The process of digitizing logistics operations boosts efficiency and helps in improving negotiation, coordination, and planning between different parties, and time zones. Also, the prices can be negotiated in an organized manner with the help of clear information and a well-documented history of all interactions, owing to which there is less back and forth among the parties.

Digital Logistics Market Trends

• Digital transformation and optimizations across the supply chain are driven by logistics technology. According to MHI and Deloitte’s survey report in 2024, it was found that 55% of supply chain leaders increased their investment in technology, with around 88% and 44% planning to spend over US$ 1 million and US$ 10 million respectively.
• Increasing Data-Driven Visibility: Data-driven analytics solutions are indispensable for sectors like logistics that are prone to frequent movement and change. By providing customers with greater self-service options, control over delivery preferences, unmatched shipment visibility, and immediate access to information through digital solutions, the logistics teams are putting the customer experience first. This shift brings a turning point in the evolution of logistics services and the start of a new era in which managing shipments is equivalent to transparency. The logistics sector handles problems like equipment utilization, safety concerns, regulatory compliance, infrastructure limitations, environmental sustainability, and congestion and at the same time opens up new opportunities for predictive analytics by concentrating on data usage and incorporating new technologies.
• Robotics and Autonomous Vehicles: Warehouse operations are being revolutionized owing to the fusion of autonomous vehicles and robotic technologies. This is achieved by optimizing workflows and boosting productivity. It is essential to remember that 88% of businesses worldwide currently intend to invest in robotics integration for all aspects of their business, including logistics.
• Adoption of Digital Twins: Digital twins are used for creating digital replicas of any kind of physical assets and then provide insights into their behavior and performance. Digital twins help in tracking and examining data in real-time by creating a virtual image of the stated physical asset, like a warehouse or piece of machinery. The logistics sector uses sensors to track shipments and, more recently, to track machinery and material handling equipment. The industry is also increasingly adopting open API strategies and migrating to cloud-based IT systems. Implementing augmented, mixed, and virtual reality applications for tasks such as warehouse picking and vehicle loading helps in creating digital twins in these environments. This, therefore, drives market growth.
• Leveraging the Internet of Things (IoT) and Real-Time Tracking: The trend is now moving towards high performance that allows the integration of different types of assets into a supply chain and the subsequent analysis of the data generated by these connections. The Internet of Things (IoT) is changing the way logistics companies operate. IoT devices and sensors are being integrated into vehicles, cargo holds or infrastructure to provide accurate information on every aspect, from vehicle location conditions to temperature. This real-time monitoring capability improves visibility, reduces operational risks and improves decision-making.
• Increasing Drone Delivery: Drone deliveries offer innovative solutions for faster and more efficient transport of goods. They are gradually revolutionizing last-mile delivery for numerous customers. Over 660,000 commercial drone deliveries to customers have already been carried out, not counting the countless test flights.

Report Scope

Digital Logistics Market Dynamics

Drivers

Surging E-Commerce Industry

• The drastic growth of the e-commerce industry in recent years has been driven by the rise in online shopping and the increasing number of Internet users. The growth of e-commerce activities requires logistics providers to work quickly and efficiently to fulfill small individual orders.
• The e-commerce industry is driving the demand for transparency, convenience, affordability, and speed of delivery, along with compelling frictionless returns. To meet these demands, it is important to develop new business models and solutions by digitizing the logistics operations, warehouse management system, automated material handling system, and distribution management system.

Growing Capabilities of Generative AI

• Companies are utilizing generative AI to enhance customer satisfaction and streamline operations. Generative AI helps business’ function based on a predictive and sophisticated model by automating all the traditional work. Generative AI can transform numerous logistics applications, such as labor management, transportation management, warehouse management, and others.
• Market players need to make faster and more accurate decisions as supply chain disruptions are becoming more common. In December 2023, Blue Yonder, a supply chain solutions provider, launched Blue Yonder Orchestrator, a generative AI solution that helps companies accelerate their supply chain orchestration and make smarter decisions.

Restraints

Regulatory Compliance

• Digital logistics operations are challenged by the ever-changing regulatory requirements on a national and international level. Managing trade restrictions, navigating complicated regulatory environments, and ensuring customs compliance all require careful planning and knowledge. For example, it was projected that in 2024, the regulations controlling international cargo handling would shift, leading to a return to more traditional levels of air and sea freight capacities.

Infrastructure Dependence

• Maintaining resilient infrastructure that can support digital logistics operations is critical to minimizing disruption and downtime. Surveys show that 77% of society is overly reliant on technology for their success, highlighting an over-reliance on technological systems. Outdated infrastructure, inadequate IT resources, and vulnerability to natural disasters or cyberattacks can pose significant obstacles.

Opportunities

Growing Technological Investments

• The market for digital logistics has significant growth opportunities owing to new technological investments. Integration of technology with logistics can boost the productivity, smoothness, and visibility of supply chain operations. It is further anticipated that advancements in sensor and IoT analytics are likely to push logistics companies toward making investments in digital solutions.
• Redesigning warehouse operations has become much simpler owing to the development of modern technologies. The RFID tags and sensors help in locating and tracking the status of the inventory items. Since the processes are activated and deployed as and when required, warehouse automation can therefore reduce the chances of human error.

Integration of Predictive Analytics

• Predictive analytics helps market players estimate inventory levels, anticipate future demands, and spot any possible disruption in the supply chain. For instance, Pespsi's Sales Intelligence Platform tracks the inventory levels of all of its suppliers and notifies them ahead of time as to when replenishments are required to maximize the effectiveness of the company's supply chain.

Challenges

Cybersecurity Concerns

• Larger data volumes and automation make the digital supply chains vulnerable to outside attacks that can compromise systems and user data. However, professionals such as cybersecurity analysts help prepare the systems against cybercriminals.
• For instance, in May 2023, the United States experienced one of the largest cyberattacks when a Chinese hacker group compromised critical communications and transportation infrastructure. This incident raised concerns about the potential deterioration or disruption of the Department of Defense (DOD) logistics system.

Shortage of Skilled Professionals

• According to a study by McKinsey & Company, nearly 70 percent of digital transformation programs fail to achieve their key objectives, largely because employees lack the skills needed to work with new systems. Employers and professionals should prepare for this digital shift with training.

Digital Logistics Market Segmental Analysis

Solution Analysis

Tracking and Monitoring System

Real-time tracking tools offer increased efficiency, transparency, and dependability, due to which tracking and monitoring systems have experienced a remarkable transformation. In logistics, the process of tracking the movement and state of goods using cutting-edge technologies like RFID, GPS, and Internet of Things devices is referred to as real-time tracking. Furthermore, as companies are starting to implement lean logistics and timely inventory management, the error rate has drastically dropped.

Data Management and Analytics

In terms of logistics management, the process of enhancing logistics operations through gathering, storing, organizing, analyzing, and applying data is known as data management. This covers data about customers, suppliers, warehouses, inventory, transportation, and other logistics-related topics. Data analytics is a very important tool for revolutionizing the logistics sector as it uses insights that are derived from data required for boosting customer happiness, cutting expenses, and increasing efficiency. Players in the market are evaluating both historical and current data to increase overall efficiency, optimize operations, and streamline supply chains. Through these data-driven insights, businesses can find bottlenecks, save money on transportation, cut down on delivery delays, and allocate resources properly.

Electronic Data Interchange System

Electronic Data Interchange (EDI) is a standard format protocol that minimizes the possibility of human error and enhances the efficiency of business-to-business communication. For ease of use, logistics companies rely on EDI data. Logistics companies require an effective EDI logistics software strategy for receiving an EDI quote, interacting with customers, and onboarding new trading partners. EDI software and services are at the core of efficient supply chain operations, enabling the fast and secure file transfer that promotes collaboration and increases revenue between trading partners.

Fleet Management System

Fleet management is the process within a company that aims to collect information and control all vehicles from the time of purchase to the end of their useful life. The purpose of this process is to control costs, use the fleet efficiently, and comply with applicable laws and regulations. A cloud framework helps provide a scalable infrastructure to manage data from electronic logging systems, communication devices, and vehicle sensors.

Real-time monitoring of vehicles, driver behavior, cargo, and traffic streamlines logistics while increasing asset utilization. In particular, it helps optimize freight costs and make informed procurement decisions to replace aging vehicles.

Others

The Others segment includes information-integrated systems and database management systems. A business management strategy called integrated logistics is being used more and more to boost customer service and expedite product delivery. Within this model, all departments, resources, and processes function as a cohesive, well-oiled unit. By using analytics and data aggregation, digital logistics solutions can create a networked ecosystem of interconnected technologies that facilitate process automation, deliver relevant insights in real-time, and improve customer satisfaction.

For the connection of data to different databases in logistics relational databases are used for managing different entities, including customers, shipments, transportation, and routes. It helps to facilitate operations like tracking shipments, planning the best route, and efficient resource management. Companies can henceforth easily increase operational efficiency and enhance customer service by creating databases that adhere to these specifications.

Application Analysis

Transportation Management

The transportation management segment has held highest revenue share of 34.60% in 2023. To optimize supply chain operations, digitalization of transportation management is essential in this market as it brings together technology, data analytics, and automation. Since it directly impacts efficiency, cost, and speed, companies can improve their overall supply chain performance. Transportation needs have grown with time owing to globalization and e-commerce, making digital logistics solutions highly important for on-time delivery and effective management.

Warehouse Management

The warehouse management segment has garnered revenue share of 28.40% in 2023. Digital warehouse technology is rapidly gaining traction in the world of logistics and supply chain management. Companies can benefit from digital warehouse solutions by optimizing their processes to increase efficiency and save costs. Warehouse digitalization involves leveraging the power of data and technology to transform traditional warehouse operations, streamlining and automating manual processes such as inventory management, and order fulfillment and shipping by using new technologies such as artificial intelligence (AI), robotics, and the Internet of Things (IoT). With the advent of digital commerce and modern technology-enabled businesses, there is an increased need for smart and automated warehouses.

Workforce Management

The workforce management segment has reported revenue share of 22.70% in 2023. To make information more readily available, human resource management solution providers rely on web and mobile user interfaces and user-configurable dashboards. Gamification functionality builds on this and displays the current performance levels of individual users. Gamification, a trend in human resource management, provides real-time insights into user performance by sharing information with users so that they can adjust their performance throughout the work process.

Others

The others segment accounted for 14.30% of the revenue share in 2023. The others include security and network management. One of the main concerns in digital logistics is the security of data and systems. Since sensitive information such as shipping details, customer addresses, and financial transactions are transmitted over digital networks, protecting this data from unauthorized access is of utmost importance. Data security plays an important role in ensuring the confidentiality, integrity, and availability of data while ensuring compliance with legal and ethical standards. Implementing robust cybersecurity measures such as encryption, firewalls, and multi-factor authentication helps reduce the risk of data breaches and cyberattacks. Regular security audits and updates of software and hardware systems ensure that vulnerabilities are promptly identified and fixed, strengthening the overall security posture of logistics operations. Digital logistics networks act as global communities of freight forwarders who interact with each other according to established policies to promote their businesses and increase their business generation by connecting with other members. Joining a digital logistics network provides a suitable environment to build partnerships and share business opportunities easier and faster.

Deployment Analysis

Cloud

The cloud segment has captured revenue share of 76% in 2023. Cloud-based solutions and applications are used by several organizations across the globe. They offer flexibility, the ability to scale applications, and easy management features. The increasing use of cloud services in SMEs is due to the high competition and unavailability of several resources present in large enterprises. Digital logistics solutions are integrated individually according to the needs of the business, which leads to higher customer satisfaction thanks to the cloud-based services.

On-Premises

The on-premises segment has generated revenue share of 24% in 2023. The use of on-premises deployments has increased with an on-premises strategy that allows users to monitor their site through desktops or other systems. When a program is installed on-site at the company, on-premises digital logistics solutions give users complete control or administrative access to their logistics processes.

End-Users Analysis

Retail and Consumer Goods

The retail and consumer goods segment has accounted highest revenue share of 33% in 2023. The rising development of omnichannel retail and e-commerce is anticipated to drive market growth. To effectively handle intricate supply chains, that can guarantee timely customer deliveries, and enhanced inventory control, retailers specifically need efficient logistics solutions. The digital logistics tools can help retailers meet the everchanging consumer demands thereby improving operational efficiency.

Energy and Utilities

To stay competitive in the market the energy and utility sector needs to digitally transform its operations, finance, customer service, and other departments. For efficient asset management, AI-powered solutions for the energy and utilities sectors help in tracking and monitoring every asset, including workers, mobile devices, endpoints, and equipment that is located on-site. The advanced analytics and monitoring features can identify or anticipate equipment failures and plan maintenance accordingly to minimize equipment downtime. Furthermore, AI-powered applications in the utilities and energy sectors can also help in monitoring possible infringements of safety protocols and accordingly recommend suitable measures for enhancing worker safety of the employees operating in potentially hazardous circumstances. Therefore, utility and energy companies can make decisions to increase overall efficiency by using precise data.

Manufacturing

Timely completion and cost-effective production and shipping processes are essential for manufacturing companies to remain competitive. Digital manufacturing logistics solutions, including cloud, IoT, and autonomous RPA, are required to be integrated into the complex market to achieve a precise and seamless process right from order placement and tracking to last-mile delivery. Digital logistics is an important part of modern manufacturing to ensure the right arrival time of raw materials, which helps companies to correctly predict inventory levels. The data gained from such insights helps in a company's production, purchasing, and sales decisions. Digital technologies have streamlined operations such as automated assembly lines, real-time warehouse management, decreased expenses, and enhanced quality of products. Digitization has further introduced automated procedures, real-time data analytics, and cutting-edge technologies like AMRs, in the manufacturing industry that have in turn improved operational agility, product quality, and efficiency.

Healthcare

The adoption of digital logistics in healthcare is expected to increase the demand for medicines and medical devices. Digitalized logistics solutions make it easier to track equipment and supplies to increase productivity, improve communication between departments, maintain compliance, or reduce the time required for inventory checks by medical professionals. The healthcare sector can look forward to an even more efficient and patient-focused future as technology continues to evolve.

Automotive

Automotive production needs many elements to be perfectly aligned such as proactively planning resources, automating order and transport management, optimizing networks, and synchronizing internal and external processes. There is an urgent need for solutions to make automotive supply chains more resilient that help industry players intelligently manage logistics and production processes while being fast and flexible enough to compensate for fluctuations. Software solutions further enable end-to-end planning from procurement to warehousing to shipping to customers by sharing order and transport data globally, integrating suppliers and logistics partners, and managing inbound and outbound logistics at production sites.

Others

Other industries include aerospace, defense, and consumer electronics. The aerospace logistics sector is undergoing rapid changes due to the incorporation of innovative practices and state-of-the-art technology. Logistics companies are leading this transformation owing to the growing need for the efficient, dependable, and quick transportation of aerospace equipment. Since the cargo involved during transit is often of high value and sensitive, the aerospace industry prioritizes accuracy, speed, and security. The freights are becoming more efficient because of the introduction of various cutting-edge technologies like blockchain, the Internet of Things, and artificial intelligence (AI). Aerospace logistics is increasingly becoming dependent on modern warehouse management systems (WMS) and inventory management solutions. Warehouse environments are becoming more responsive and efficient due to the widespread application of IoT and AI. The technology must also function while sending and receiving data in an intermittent cyber environment.

A digital logistics system comprises an intricate network of subsystems and systems that work together to process and manage the Department of Defense (DOD) supply chain, DOD cyberinfrastructure, and DOD digital logistics supply chain systems. Each of these systems has a variety of data components that are used to monitor and control the flow of products and services. Each system contains a variety of data elements, some of which are essential to all DOD digital logistics supply chain systems. Artificial intelligence, machine learning, and distributed ledger technology—which secures data and transactions in blockchain or as a directed acyclic graph—are among the most promising technologies. Additionally, the technology needs to function in an erratic cyber environment for data transmission and reception.

Consumer electronics companies have some of the most globally distributed design, operations, and distribution channels. They contend with fluctuating demand and inventory levels, as well as inbound and outbound freight, which can lead to a lack of visibility into operations. Consumer electronics companies are leveraging modern cloud platforms, the Internet of Things, predictive intelligence, artificial intelligence, blockchain, and supply chain tools. This helps consumer electronics players optimize manual and automated warehouse flows, predict the efficiency of picking and packing flows, predict and perform equipment maintenance, correlate product quality issues with environmental factors in storage, correlate picking and packing quality errors with worker and flow factors, anticipate and monitor worker safety issues, reduce downtime, and improve overall safety, quality, and efficiency.

Digital Logistics Market Regional Analysis

What factors contribute to North America's dominance in the digital logistics market?

The North America digital logistics market size was estimated at USD 11.57 billion in 2023 and is expected to reach around USD 58.71 billion by 2033 with a CAGR of 17.40% from 2024 to 2033. The market for digital logistics in this region is further expanding because of the various government initiatives that support digital transformation across industries, which in turn also helps North America to maintain its dominance in the world.

The North American market is driven by the presence of large IT industries and growing technological advancements. Increasing use of digital systems and technologies, including radio frequency identification, electronic data interchange, and others. The U.S. and Canada are key markets where robust infrastructure and high levels of technological adoption across industries facilitate the implementation and integration of digital logistics solutions. By utilizing digital technologies like artificial intelligence (AI), the Internet of Things (IoT), and big data analytics North American businesses are increasingly optimizing warehouse operations, boosting inventory management, and expanding last-mile delivery capabilities. The region's innovation culture and benevolent regulatory environment led to the adoption of modern logistics technologies.

Europe Digital Logistics Market Growth

The Europe digital logistics market was valued at USD 9.25 billion in 2023 and is projected to hit around USD 46.94 billion by 2033. Europe mainly focuses on the number of people who are becoming more acquainted with digital logistics owing to the region's growing trend toward cloud services. The development of digital logistics is also being supported by large expenditures related to logistics infrastructure and transportation throughout the region. Companies in the region are utilizing digital logistics technologies for employing environmentally friendly logistics practices, enhancing routes, and reducing carbon emissions, all of which contribute to the EU's sustainability goals. Enhancements of ports, railways, and roads are furthermore simplifying the integration of digital technologies into logistics operations.

Market growth is being driven by countries like Germany, France, and the UK adopting advanced digital logistics at a rapid rate. Germany is a good place to expand into new markets because of its advanced industrial capabilities, strong manufacturing sector, and advantageous location in Europe. The increasing focus on Industry 4.0 principles automation and digitalization has also led to significant investments in smart logistics solutions.

What’s fueling Asia Pacific’s rapid growth in digital logistics market?

The Asia-Pacific digital logistics market size was valued at USD 7.47 billion in 2023 and is expected to be worth around USD 37.91 billion by 2033, is expanding at a CAGR of 18.90% from 2024 to 2033. The main factors that are propelling the market expansion are rapid infrastructure development and urbanization. The demand for digital logistics is also rising due to the technological boom in emerging economies like China, India, and Southeast Asia. The growing adoption of digital technologies and the existence of developing countries in the region are further driving market expansion.

China's economy is growing swiftly owing to the country's developing e-commerce industry, technical developments, and government support for digital transformation. Artificial intelligence, the Internet of Things, and blockchain are a few of the technologies that China's logistics industry uses to increase supply chain visibility, optimize delivery routes, and increase operational efficiency.

Furthermore, it is anticipated that expanding government initiatives in Japan, such as the "Society 5.0" vision, will propel digital transformation and incorporate digital technologies into logistics procedures. Furthermore, to improve supply chain operations, many South Korean-based companies are also utilizing AI for demand forecasting, IoT for asset tracking, and robotics for warehouse automation.

LAMEA Digital Logistics Market Growth

The LAMEA digital logistics market size was accounted for USD 3.50 billion in 2023 and is antipated to hit around USD 17.74 billion by 2033. The development of cloud computing technologies that facilitate automation and digital transformation is driving the growth of the market in the LAMEA region. Demand in Latin America is driven by sustainability and modern construction techniques, while the Middle East is reaping the rewards of substantial investments in large-scale projects and cutting-edge technologies. However, although Africa lacks resources, efforts to increase access to cutting-edge technology throughout the continent are progressing owing to international collaborations and funding.

Digital Logistics Market Top Companies

• Bosch Inc.
• SAP SE
• Infosys
• ORBCOMM
• Tech Mahindra
• Oracle Corporation
• HighJump Software Inc.
• HCL Technologies
• Honeywell International Inc.
• AT&T Inc.
• UTI Worldwide Inc. (DSV Group)
• International Business Machines (IBM) Corporation
• Huawei Technologies Co. Ltd.
• C.H. Robinson Worldwide, Inc.
• Hexaware Technologies
• DigiLogistics Technology Ltd
• Samsung Group
• Blue Yonder (JDA Software Group Inc.)
• Advantech Co.
• Manhattan Associates Inc.
• Vinculum Group

One of the emerging players in the digital logistics market is Infosys, a multinational company with headquarters in Bangalore that focuses on providing outsourcing consulting services and cutting-edge technologies to assist customers with digital transformation. In September 2023, Infosys collaborated with Economist Group's Economist Impact to create the Value Chain Navigator (VCN).

A leading company like Bosch Inc. is also propelling the market's expansion with its extensive range of products and innovations, which includes carbon-reducing solutions for commercial buildings. Maersk also hopes to accelerate its digital transformation by collaborating with Microsoft and get a foothold in this market too. With their creative solutions and calculated moves, these major players are demonstrating their leadership and impact in the developing digital logistics market.

CEO Statements

Matt Elenjickal, CEO of FourKites:

"There is no specific playbook that you can deploy when these disruptions happen. They’re all happening at different places, and the impacts they have on shipping lines and shipping routes are very different. But there are some foundational elements that could if companies can adopt them help mitigate some of these supply chain shocks."

Arvind Krishna, Chairman and CEO of IBM:

"As AI becomes a top priority, our clients are using Watsonx – IBM’s flagship AI and data platform – to help revolutionize customer service, modernize countless lines of code, and automate enterprise tasks to boost employee productivity. IBM is more capable and more productive. We have a strong portfolio and a solid foundation to support sustainable growth. And we are delivering on our promise to be the catalyst that makes the world work better."

Recent Developments

Key players in the digital logistics industry are pivotal in delivering a variety of innovative construction solutions, such as prefabrication techniques, sustainable materials, and advanced digital technologies. Some notable developments in the market include:

• In April 2024, Waymo, an autonomous vehicle company, partnered with Uber Eats to offer a driverless food delivery service in select Phoenix neighborhoods, including Chandler, Mesa, and Tempe. Autonomous vehicles are equipped with advanced sensors, cameras, and AI systems that allow them to detect obstacles, pedestrians, and other vehicles in real-time. This technology increases overall road safety and reduces the likelihood of accidents caused by human error.
• In July 2024, C.H. Robinson Worldwide, Inc. launched Digital Dispatch, an advanced load-matching platform designed to increase efficiency for carriers. The platform leverages AI and data science and provides personalized load recommendations in real time based on carriers' search history and preferences, significantly reducing the time spent searching for freight and enabling faster, more relevant matches.
• In June 2024, ORBCOMM introduced the CT 3600 device, the next generation of its reefer container monitoring solution. This device simplifies the management of smart reefer container fleets for shipping companies and container leasing companies. Designed to reduce the complexity and cost of installation, CT3600 offers improved performance and rapid deployment, ensuring seamless integration.
• In March 2024, Accenture acquired Flo Group, a leading European consulting firm and Oracle business partner specializing in global supply chain logistics. The acquisition expanded Accenture's Oracle capabilities in Europe to help clients build more resilient and agile supply chains with end-to-end visibility.
• In December 2023, Skoda Auto implemented the SAP S/4 Hana digital platform for its logistics operations at the Vrchlabí transmission plant in the Czech Republic. This was part of a group-wide initiative called Project One Log, which aimed to replace a variety of existing legacy systems across Volkswagen Group brands, including Volkswagen Passenger Cars, Volkswagen Commercial Vehicles, Audi, and Skoda Auto.
• In June 2023, Honeywell released its new cloud-based digital twin solution, Honeywell Digital Prime, for tracking process control changes and system modifications. This is a cost-effective way to perform frequent testing, resulting in less reactive maintenance and highly accurate results.
• In November 2023, Suttons International and LogChain began a digitalization partnership. This collaboration, which follows LogChain's recent success in conducting the world's first fully digitized cross-border transport, symbolizes a shared commitment to strengthening digital transparency and scalability in the logistics sector. Suttons International is integrating its platform as a central component in its digital transformation process.
• In August 2023, Seedcom, a leading Southeast Asian company, successfully implemented Blue Yonder's Warehouse Management System (WMS) within two months to digitally transform the warehousing capabilities of its logistics subsidiary Seedcom Logistics. The implementation, led by Blue Yonder's regional partner Total Solutions Logistics Company Limited (TSL), has helped Seedcom Logistics streamline processes, optimize inventory and other resources, and support fast, efficient daily operations. Cameron Ashley expanded its insulation product range and market presence through the acquisition of Appalachian Insulation Supply.

These advancements mark a notable expansion in the digital logistics market, driven by strategic acquisitions and innovative projects. The focus is on boosting sustainability, enhancing construction efficiency, and broadening product offerings to meet diverse building needs.

Market Segmentation

By Component

• Solution
  
  • Asset Management
  • Warehouse Management
  • Data Management and Analytics
  • Security
  • Network Management
• Services
  
  • Planning and Consulting Services
  • Deployment and Integration Services
  • Support and Maintenance

By Organization Size

• Large Enterprises
• SMEs

By Deployment Mode

• Cloud
• On-premises

By Application 

• Transport Management
• Warehouse Management
• Workforce Management
• Others

By End-Users

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

By Region

• North America
• Europe
• APAC
• LAMEA