Global Digital Transformation Spending in Logistics Market 2020

Posted by Seema on April 30th, 2021

The Global Digital Transformation Spending in Logistics Market analysis report published on Qualiket Research website which includes analysis of market forecast, share, size and dynamics covered in the report. This is latest report comprises overview of the Global Digital Transformation Spending in Logistics Market, with an informative explanation. The Global Digital Transformation Spending in Logistics Market has been studied in detail to arrive an accurate & insightful conclusion regarding the current market trends noted in the industry.

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Digital transformation is an on-going process in logistics industry which is having significant impact on private as well as business environment. Digital transformation provides new opportunities for logistics as this integrative discipline, managing worldwide-distributed networks. Continuous growth in e-commerce coupled with quick delivery of products to gain competitive advantage has increase the demand for transport management systems and warehouse management system which is expected to drive the global digital transportation spending in logistics market growth.

The report at first explores some of the key dynamics that hold a strong influence over the global Digital Transformation Spending in Logistics Market. The report has taken 2020 as the base year, provides historical insights for the period between 2020 and 2027, and forecasts the market till the end of 2027. The study of the market will include key volume trends, projected valuations, and the pricing history. In addition to the growth inducing factors, the restraints of the market and the various recent developments have also been studied in the report.

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Increase in demand for digitalization of business processes and rise in cost pressure on the service providers is the key driving factor which is expected to boost the global digital transformation spending in logistics market growth. Furthermore, increase in adoption of digitalization in various industries including logistics, and the benefits are revolutionary for companies with greater consumer awareness, innovative business models, and reach higher productivity will positively contribute the market growth. Moreover, logistics industry spend on digital transformation to increase efficiency, sped, optimization, and timing of logistic services, thereby increase the customer satisfaction which is expected to fuel the market growth during this forecast period.

However, requirement of huge investment and incur high maintenance costs are the major challenging factors for market which is expected to hamper the global digital transportation spending in logistics market growth during this forecast period.

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Market Segmentation

Global Digital Transformation Spending in Logistics Market is segmented into solutions such as Hardware, Software, and Services, by devices such as RFID Readers, Real-time location system (RTLS), Barcode Scanners, Barcode Printers, Barcode Stickers, and Global positioning system (GPS), by deployment mode such as Cloud Based, and On-Premise. Further, market is segmented into IT Equipment such as Enterprise Services, and Client Machines.

Also, Global Digital Transformation Spending in Logistics Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

The report also provides perceptive information of the market’s competitive landscape coupled with the latest trends in the manufacturing space. The report mentions few of the highly revered players that shape the market, which would include established as well as emerging companies.

Various key players are discussed in this report such as IBM, Unisys Corporation, Oracle, Sanco Software, Tech Mahindra, APL Logistics Ltd, Syntel, 3GTMS, SAP, and XPO Logistics.

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