(Wireless-NewsWire.Com, October 11, 2018 ) According to Verified Market Intelligence, the Global Digital Logistics market was valued at USD 11.02 Billion in 2017 and is projected to reach USD 19.88 Billion by 2025, growing at a CAGR of 14.4% from 2017 to 2025.
Digital logistics is a process that involves the use of advanced technology and communication in the field of logistics. It helps in improving the supply chain, enhancing overall efficiency and providing customer-centric solutions to the consumers. Adoption of digital logistics technology has resulted in enhanced performance and quality of logistics as well as an improved partnership with various supply chain associates. It offers opportunities to drive changes in both operations and customer engagement.
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Companies adopting digital analytics will achieve increased quality majorly in three areas that include distribution, transportation, and resource management. Digital logistics ensures an end-to-end visibility in catalog, shipments, and orders across the supply chain. It maximizes customer satisfaction, reduces network-wide inventory levels, increases employee retention, and labor productivity.
Growing use of innovative applications, the emergence of digital technology, improved service quality and rapid growth of IT solutions have been driving the global digital logistics market. While lack of digital infrastructure, security and privacy threats acts a potential restraint for the overall market at a global level.
The “Global Digital Logistics” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as IBM Corporation, Advantech Corporation, Oracle Corporation, Samsung Electronics Co. Ltd, DigiLogistics, Hexaware Technologies Limited, Tech Mahindra Limited, JDA Software Pvt. Ltd, UTI Worldwide Inc., and SAP AG. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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