Press release
Digital Transformation Spending in Logistics Market Growth in Future Scope 2024-2031
Digital Transformation Spending in Logistics Market size was valued at USD 47.98 billion in 2019 and is poised to grow from USD 52.2 billion in 2023 to USD 102.5 billion by 2031, growing at a CAGR of 8.8% in the forecast period (2024-2031).The Research report on Digital Transformation Spending in Logistics Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.
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Segmental Analysis
Component
Hardware, Software, Services
Devices
RFID Readers, Real-Time location System (RTLS), Barcode Scanners, Printers, and Stickers, Global positioning system (GPS), and Others
Deployment Mode
Cloud Based, and On Premise
Market Dynamics
Increasing demand for digitization is expected to drive market growth
The major factor anticipated to accelerate the growth of the global digital transformation investment in the logistics industry is the rise in demand for the digitalization of business operations and the pressure on service providers to lower costs. Also, increased digitalization adoption across a variety of industries, including logistics, and the revolutionary benefits for businesses with improved customer awareness, creative business models, and higher efficiency would significantly contribute to the market's development. Also, the logistics sector invests in digital transformation to improve the speed, efficiency, and timing of logistic services. This will boost customer satisfaction, which is anticipated to drive expansion over the projected period.
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By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa
Following are the players analyzed in the report
• IBM Corporation• SAP SE• Oracle Corporation• Cognizant Technology Solutions Corporation• Amazon Web Services, Inc.• • Huawei Technologies Co., Ltd.• Microsoft Corporation• Cisco Systems, Inc.• HCL Technologies Limited• Infosys Limited• DHL International GmbH• FedEx Corporation• United Parcel Service, Inc.• Deutsche Post AG (DHL eCommerce Solutions)• Kuehne + Nagel International AG• XPO Logistics, Inc.• Sinotrans Limited• SF Express Co., Ltd.• CEVA Logistics
View report summary and Table of Contents (TOC): https://www.skyquestt.com/report/digital-transformation-spending-in-logistics-market
The research provides answers to the following key questions:
• What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the Digital Transformation Spending in Logistics Market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Digital Transformation Spending in Logistics Market?
• What are the prominent market trends influencing the development of the Digital Transformation Spending in Logistics Market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the Digital Transformation Spending in Logistics Market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj Singh
Skyquest Technology
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