Digital shipment market to grow at a CAGR of 21.76% from 2022 to 2027: Increasing customer demand for faster and more streamlined services to drive market growth - Technavio

NEW YORK, May 9, 2023 /PRNewswire/ -- The digital shipment market size is estimated to grow by USD 50,698.49 million during 2022-2027. Moreover, the growth momentum will progress at a CAGR of 21.76%. The market is segmented by type (digital shipping lines and digital freight forwarders), deployment (cloud and on-premises), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The digital shipping lines segment will account for a significant share of market growth during the forecast period. Digital shipping companies use containers equipped with tracking devices to transmit logistics-related information in real time. These companies offer various advantages, such as online booking with ocean freight suppliers at competitive rates. These factors are anticipated to drive the growth of the digital shipping lines segment during the forecast period. The increasing customer demand for faster and more streamlined services is driving market growth. Consumers are looking for ways that enable quick purchasing decisions. Therefore, freight service providers are integrating digital tools such as online chats. Many companies prefer shipping service providers with new and efficient digital business platforms. Hence, the rising demand for fast and streamlined logistics services is expected to fuel market growth during the forecast period. Get a comprehensive report summary describing the market size and forecast along with research methodology, request a sample report

Digital shipment market insights -

• Vendors: 15+, including AP Moller Maersk AS, Boxnbiz Technologies Pvt. Ltd., CMA CGM Group, COSCO Shipping International Co. Ltd., Descartes Systems Group Inc., Deutsche Post AG, Evergreen Marine Corp. Taiwan Ltd., FedEx Corp., Flexport Inc., Forto GmbH, Hapag Lloyd AG, HMM Europe Ltd., Kuehne Nagel Management AG, MSC Mediterranean Shipping Co. SA, Ocean Network Express Pte. Ltd., Pacific International Lines Pte. Ltd., TRAXENS, Yang Ming Marine Transport Corp., Zencargo, ZIM Integrated Shipping Services Ltd., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Type (digital shipping lines and digital freight forwarders), deployment (cloud and on-premises), and geography (APAC, North America, Europe, Middle East and Africa, and South America)

In 2017, the digital shipment market was valued at USD 11,433.57 million. From a regional perspective, APAC held the largest market share, valued at USD 3,229.99 million.

Digital shipment market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity
• For highlights on customer landscape analysis, download a sample!

Digital shipment market - Vendor insights

The global digital shipment market is competitive, with the presence of various regional and international shipping lines and freight forwarders. Vendors are integrating Industry 4.0 systems to enhance their services and increase their market shares. They are investing in joint ventures and acquisitions to expand their presence in new regions. Moreover, to differentiate their offerings, vendors are investing in the deployment of advanced technologies and are providing numerous digital shipment services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors, including

• CMA CGM Group - The company offers digital shipment solutions such as CMA CGM eSolutions.
• COSCO Shipping International Co. Ltd. - The company offers digital shipment solutions.
• Deutsche Post AG - The company offers digital shipment solutions such as Digital Integrations in eCommerce channels.
• Evergreen Marine Corp. Taiwan Ltd. - The company offers digital shipment solutions such as GreenX platform.

Digital shipment market – Market dynamics

Major trends

• Globalization in the supply chain
• Industry 4.0 integration
• Rapid growth of e-commerce

Globalization of supply chains and the availability of new market opportunities are leading to intense competition in the market. Most consumer goods companies buy and sell goods across different countries to expand their businesses. Shipping local goods to other countries helps improve the economy, as importing and exporting goods increase tax revenues. The governments of many countries are investing in developing new trade corridors, which are used by shippers and carriers to transport goods. Therefore, supply chain globalization is expected to support market growth during the forecast period.

Key challenges

• Cybercrime risks
• Shortage of technical expertise
• Impact of the ongoing trade war between US and China

The rise in digitization increases the risk of cybercrime, such as hacking and ransomware attacks. Therefore, cybercrime is a major concern for the shipping industry. Therefore, it is important to ensure the protection of private or sensitive data while establishing interoperability for seamless data exchange. Manipulation of cargo, shipping, and port systems are some of the most common cybercrimes. Such crimes can adversely affect companies' financial performance and brand image. Therefore, the risk of cybercrime is expected to impede the market growth during the forecast period. 

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

The digital shipment market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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• Analyzes competitor's offerings 
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What are the key data covered in this digital shipment market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the digital shipment market between 2023 and 2027
• Precise estimation of the size of the digital shipment market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the digital shipment market across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of digital shipment market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global digital shipment market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global digital shipment market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Deployment Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Deployment Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Digital shipping lines - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Digital shipping lines - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Digital shipping lines - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Digital shipping lines - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Digital shipping lines - Year-over-year growth 2022-2027 (%)

• 6.4 Digital freight forwarders - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Digital freight forwarders - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Digital freight forwarders - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Digital freight forwarders - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Digital freight forwarders - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)
• Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Deployment

• 7.1 Market segments
• Exhibit 44: Chart on Deployment - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Deployment - Market share 2022-2027 (%)

• 7.2 Comparison by Deployment 
• Exhibit 46: Chart on Comparison by Deployment
• Exhibit 47: Data Table on Comparison by Deployment

• 7.3 Cloud - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Cloud - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Cloud - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Cloud - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Cloud - Year-over-year growth 2022-2027 (%)

• 7.4 On-premises - Market size and forecast 2022-2027 
• Exhibit 52: Chart on On-premises - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on On-premises - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on On-premises - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on On-premises - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Deployment 
• Exhibit 56: Market opportunity by Deployment ($ million)
• Exhibit 57: Data Table on Market opportunity by Deployment ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 83: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 South Korea - Market size and forecast 2022-2027 
• Exhibit 99: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 AP Moller Maersk AS
• Exhibit 111: AP Moller Maersk AS - Overview
• Exhibit 112: AP Moller Maersk AS - Business segments
• Exhibit 113: AP Moller Maersk AS - Key news
• Exhibit 114: AP Moller Maersk AS - Key offerings
• Exhibit 115: AP Moller Maersk AS - Segment focus

• 12.4 Boxnbiz Technologies Pvt. Ltd. 
• Exhibit 116: Boxnbiz Technologies Pvt. Ltd. - Overview
• Exhibit 117: Boxnbiz Technologies Pvt. Ltd. - Product / Service
• Exhibit 118: Boxnbiz Technologies Pvt. Ltd. - Key offerings

• 12.5 CMA CGM Group
• Exhibit 119: CMA CGM Group - Overview
• Exhibit 120: CMA CGM Group - Business segments
• Exhibit 121: CMA CGM Group - Key news
• Exhibit 122: CMA CGM Group - Key offerings
• Exhibit 123: CMA CGM Group - Segment focus

• 12.6 COSCO Shipping International Co. Ltd. 
• Exhibit 124: COSCO Shipping International Co. Ltd. - Overview
• Exhibit 125: COSCO Shipping International Co. Ltd. - Business segments
• Exhibit 126: COSCO Shipping International Co. Ltd. - Key offerings
• Exhibit 127: COSCO Shipping International Co. Ltd. - Segment focus

• 12.7 Deutsche Post AG
• Exhibit 128: Deutsche Post AG - Overview
• Exhibit 129: Deutsche Post AG - Product / Service
• Exhibit 130: Deutsche Post AG - Key news
• Exhibit 131: Deutsche Post AG - Key offerings

• 12.8 Evergreen Marine Corp. Taiwan Ltd. 
• Exhibit 132: Evergreen Marine Corp. Taiwan Ltd. - Overview
• Exhibit 133: Evergreen Marine Corp. Taiwan Ltd. - Business segments
• Exhibit 134: Evergreen Marine Corp. Taiwan Ltd. - Key offerings
• Exhibit 135: Evergreen Marine Corp. Taiwan Ltd. - Segment focus

• 12.9 FedEx Corp.
• Exhibit 136: FedEx Corp. - Overview
• Exhibit 137: FedEx Corp. - Business segments
• Exhibit 138: FedEx Corp. - Key offerings
• Exhibit 139: FedEx Corp. - Segment focus

• 12.10 Flexport Inc.
• Exhibit 140: Flexport Inc. - Overview
• Exhibit 141: Flexport Inc. - Product / Service
• Exhibit 142: Flexport Inc. - Key offerings

• 12.11 Forto GmbH
• Exhibit 143: Forto GmbH - Overview
• Exhibit 144: Forto GmbH - Product / Service
• Exhibit 145: Forto GmbH - Key offerings

• 12.12 Hapag Lloyd AG
• Exhibit 146: Hapag Lloyd AG - Overview
• Exhibit 147: Hapag Lloyd AG - Product / Service
• Exhibit 148: Hapag Lloyd AG - Key news
• Exhibit 149: Hapag Lloyd AG - Key offerings

• 12.13 HMM Europe Ltd.
• Exhibit 150: HMM Europe Ltd. - Overview
• Exhibit 151: HMM Europe Ltd. - Product / Service
• Exhibit 152: HMM Europe Ltd. - Key offerings

• 12.14 MSC Mediterranean Shipping Co. SA 
• Exhibit 153: MSC Mediterranean Shipping Co. SA - Overview
• Exhibit 154: MSC Mediterranean Shipping Co. SA - Product / Service
• Exhibit 155: MSC Mediterranean Shipping Co. SA - Key news
• Exhibit 156: MSC Mediterranean Shipping Co. SA - Key offerings

• 12.15 Ocean Network Express Pte. Ltd. 
• Exhibit 157: Ocean Network Express Pte. Ltd. - Overview
• Exhibit 158: Ocean Network Express Pte. Ltd. - Product / Service
• Exhibit 159: Ocean Network Express Pte. Ltd. - Key offerings

• 12.16 Yang Ming Marine Transport Corp. 
• Exhibit 160: Yang Ming Marine Transport Corp. - Overview
• Exhibit 161: Yang Ming Marine Transport Corp. - Product / Service
• Exhibit 162: Yang Ming Marine Transport Corp. - Key offerings

• 12.17 ZIM Integrated Shipping Services Ltd. 
• Exhibit 163: ZIM Integrated Shipping Services Ltd. - Overview
• Exhibit 164: ZIM Integrated Shipping Services Ltd. - Product / Service
• Exhibit 165: ZIM Integrated Shipping Services Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 166: Inclusions checklist
• Exhibit 167: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 168: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 169: Research methodology
• Exhibit 170: Validation techniques employed for market sizing
• Exhibit 171: Information sources

• 13.5 List of abbreviations 
• Exhibit 172: List of abbreviations

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