Global Digital Transformation Spending in the Logistics market was valued at USD 54.78 billion in 2021 and is expected to reach USD 93.82 billion by the year 2028, at a CAGR of 7.99%
The increase in demand for the digitalization of business operations and the increased cost pressure on service providers are predicted to be the main drivers of worldwide digital transformation spending in the logistics market. The logistics sector has adopted digital innovations at a slower rate than other sectors, which might prove detrimental even for the sector's major firms. Consequently, the digital transformation investment in the logistics sector is driven by the digitalization of business operations. The benefits of digitalization are revolutionary for businesses with better consumer awareness and reach, higher efficiency, and creative business models, and they are occurring across industries.
The global Digital Transformation Spending in Logistics market provides qualitative and quantitative information on growth rate, market segmentation, market size, future trends and regional prospects. The research study represents a modern perspective aimed at securing the future potential of the Digital Transformation Spending in Logistics market.
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Digital Transformation Spending in Logistics Market - Size, Competitive Landscape and Segmentation Analysis:
Digital Transformation Spending in Logistics Market Reports provide a high-level overview of market segments by product type, applications, leading key players, and regions, as well as market statistics. The research insights focus on the impact of the Covid-19 epidemic on performance and offers a thorough examination of the current market and market dynamics. This crucial understanding of the report's objective can help you make better strategic decisions about investment markets by assessing elements that may affect current and future market circumstances. The leading key players in the Global and Regional market are summarized in a research to understand their future strategies for growth in the market.
Top Company Profiles Include in this Digital Transformation Spending in Logistics Market report:
- JDA Software WMS
- Logitech
- Unisys Corporation
- Sanco Software
- Advantech
- Partner Tech
- Oracle
- Hexaware Technologies
- S2K warehouse management
- Samsung
- Mindtree
- 3GTMS
- XPO Logistics
- IBM
- APL Logistics Ltd.
- Digital Logistics Group
- Syntel
- 4Flow AG
- SAP
- Tech Mahindra
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In market segmentation by Solutions the Digital Transformation Spending in Logistics Market report covers:
- Hardware
- Software
- Services
In market segmentation by Systems the Digital Transformation Spending in Logistics Market report covers:
- Conveyors, Automated Storage and Retrieval Systems (ASRS)
- Automatic Sorters
- Automated guided vehicle (AGV)
- Robotic Picking System
- Automatic Palletizer
- Peripheral Supporting Components BFSI
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Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
Covid-19 Impact and Recovery Analysis on Industry:
We've kept track of Covid-19's direct impact on this market as well as its indirect impact on other industries. During the analysis period, the impact of the Covid-19 pandemic on the market is predicted to be significant. From a worldwide and regional viewpoint, this report examines the influence of the pandemic on the Digital Transformation Spending in Logistics industry. The study categories the Digital Transformation Spending in Logistics industry by type, application, and consumer sector to determine market size, market features, and market growth. It also includes a thorough examination of the factors that influenced market development before and after the Covid-19 pandemic. In addition, the research did a pest analysis in the sector to investigate major influencers and entrance obstacles.
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