Digitization in Logistics Supply Chain Market to Reach US$ 23607.06 million, Globally, by 2027 at 8.5% CAGR: The Insight Partners

The Digitization in Logistics Supply Chain Market is expected to grow from US$ 13336.57 million in 2020 to US$ 23607.06 million by 2027; it is estimated to grow at a CAGR of 8.5% from 2020 to 2027. Smart Logistics Technologies is attributing to the growth of the market. The global logistics sector is witnessing transformation as the companies are moving from traditional concepts to newer concepts. The demand for advanced technologies is mounting among the logistics players, such as raw material suppliers, logistics service providers, and manufacturers. The Digitization in Logistics Supply Chain Market report includes the latest coverage of the impact of COVID-19 on the Digitization in Logistics Supply Chain Market. Global Digitization in Logistics Supply Chain Market is expected to develop at a substantial CAGR in the coming years. The report also encloses the crucial aspects connected with the recent events such as new product launches, mergers & acquisitions, and alliances. The market has also been segmented on the basis of the provincial players, out of which some are well established while some have newly entered the global market. These players have demonstrated activities such as research and development, striving to bring in new products and services that can effectively compete the other established players.

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Top Profiling Key Players:
Advantech Co. Ltd.
Cognizant
Capgemini
Hexaware Inc.
IBM Corporation
Oracle Corporation
SAP SE
Tata Consulting Services Limited
Wipro Ltd.

Major highlights of the report:
• All-inclusive evaluation of the parent market
• Evolution of significant market aspects
• Industry-wide investigation of market segments
• Assessment of market value and volume in past, present, and forecast years
• Evaluation of market share
• Tactical approaches of market leaders
• Lucrative strategies to help companies strengthen their position in the market.

Digitization in Logistics Supply Chain Market report provides an in-depth assessment of growth and other aspects of the market in key countries such as the United States, Canada, Mexico, Germany, France, the United Kingdom, Russia and the United States Italy, China, Japan, South Korea, India, Australia, Brazil and Saudi Arabia. The Digitization in Logistics Supply Chain Market Analysis to 2027 is a specialized and in-depth study of the technology, media, and telecommunication with a special focus on the global market trend analysis. The report aims to provide an overview of Digitization in Logistics Supply Chain Market with detailed market segmentation by deployment, organization size and geography. This report also studies the global Digitization in Logistics Supply Chain Market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.

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Digitization in Logistics Supply Chain Market Segmentation:
Digitization in Logistics Supply Chain Market – by Component
Solutions
Tracking and Monitoring
EDI
Fleet Management
Order Management
CRM
Others

Services
Consulting
Integration
Others

Digitization in Logistics Supply Chain Market – by Organization Size
SMEs
Large Enterprise

Digitization in Logistics Supply Chain Market – by Industry
Automotive
BFSI
Manufacturing
IT & Telecom
Healthcare
Oil & Gas
Others

Market Dynamics:
Increasing demands for faster time-to-market for products coupled with higher complexities in the product hardware are anticipated to be the major factors driving the Digitization in Logistics Supply Chain Market. Lesser technical expertise in handling the Digitization in Logistics Supply Chain software hinders the adoptions of Digitization in Logistics Supply Chain Market. Enhanced focus on the manufacturing sector especially in the developing economies is anticipated to provide new opportunities to the players operating in the Digitization in Logistics Supply Chain Market.

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Finally, all aspects of the Digitization in Logistics Supply Chain Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

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This release was published on openPR.