Digital Logistics Market by System (Tracking & Monitoring, Information Integrated, EDI, Database Management, Fleet Management, Order Management), by Application (Warehouse, Transportation, Labour Management) & by Service - Global Market Forecast & Analysi

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Dec 22, 2014, 08:09 ET

LONDON, Dec. 22, 2014 /PRNewswire/ -- The efficient movement of freight is essential for any business, economy and also for the quality of life. In recent years, there has been a substantial demand for digital logistics system in the marketplace across verticals. The demand is surging due to the obvious benefits of costs, productivity and customer satisfaction of digital logistics. With potential opportunities in emerging verticals, companies are putting huge investment in research, development, and innovation to develop customized products.

The rising digital connectivity and global e-commerce penetration has evolved the traditional supply chain towards a new paradigm. Where, the progressions in the communication technologies are bringing tremendous improvements in supply chain velocity and cost reductions. Starting from end to end information sharing to the logistics synchronizations, digital technologies have created various opportunities in transforming the traditional logistics market space. The convergence of IT technologies and logistics operations provides value propositions in terms of productivity gains, cost reductions and speedy operations. New generation enterprises are effectively using digital logistics application in warehouse, transportation and labor management systems to enable new methods and modes for excellence and risk management. Transportation costs reductions, inventory savings, effective labor management are some benefits which are enabling enterprises to embark on aggressive supply chain initiatives. MarketsandMarkets believes that there are multiple factors that are shaping the future of the digital logistics market. One of them is the supply chain cost reductions and time savings. Secondly, technology emergence is pushing the logistics towards automation and streamlined business processes. Even though the adoption of digital technology is relatively slow due to security and privacy challenges, these solutions are expected to grow steadily and shall have a pervasive existence across all the major verticals. Improved customer experience, on a real-time basis, will be the major 'pull' factor.

MarketsandMarkets has segmented the digital logistics market by type of systems: tracking and monitoring systems, information integrated systems, electronic data interchange systems, database management systems, fleet management systems and order management systems; by services: consulting services, system integration services and other services; by applications: warehouse management, labor management and transportation management; by verticals: automotive, government, defense and aerospace, healthcare and life science, telecommunication and IT, industrial, engineering and manufacturing, retail, chemical, oil and gas and others; by regions: North America (NA), Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America(LA).

Some of the major vendors of digital logistics are IBM, Advantech, UTi Worldwide, Oracle and SAP. Many other logistics provider companies have also surfaced and are forthcoming as the solution providers for the digital logistics market. The digital logistics research report analyzes global adoption trends, drivers, and evolving platforms in this rapidly emerging market. The report aims at identifying and evaluating the current market size and the future market opportunities.
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