PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535979
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535979
Global Digital Logistics Market will register 20% CAGR from 2024 to 2032, propelled by increased e-commerce activity. According to Eurostat, in 2023, 87% of individuals aged 25-34 who used the internet within the past year purchased or ordered goods or services online for personal use. This represents 1 percentage point increase compared to 2021.
With the increasing demand for online shopping, efficient and reliable logistics solutions are essential to manage the surge in order volumes and ensure timely deliveries. Digital logistics technologies, such as real-time tracking, automated warehousing, and advanced data analytics, streamline supply chain operations, enhancing customer satisfaction. As e-commerce continues to expand, the need for robust digital logistics systems will drive market growth, offering competitive advantages to businesses.
The overall Digital Logistics Market is segmented based on Component, Function, Organization Size, Deployment Mode, Vertical, and Region.
The service segment within the Digital Logistics Market will experience significant growth over the forecast period. Digital logistics services, encompassing consulting, integration, and maintenance, are essential for optimizing logistics operations. Companies are increasingly investing in these services to enhance their supply chain efficiency, minimize disruptions, and achieve cost savings. The demand for digital logistics services is further driven by the need for customized solutions that cater to specific business requirements, ensuring seamless integration of digital technologies and streamlined operations across the supply chain.
In the manufacturing vertical, the adoption of digital logistics is set to rise substantially from 2024 to 2032. Manufacturers are leveraging digital logistics solutions to improve production planning, inventory management, and distribution processes. The implementation of IoT, AI, and blockchain technologies in manufacturing logistics enhances real-time data visibility, predictive maintenance, and secure transactions, fostering efficiency and reducing lead times. The increasing complexity of global supply chains and the need for agile manufacturing processes are driving the demand for digital logistics solutions in the manufacturing sector.
Europe digital logistics market will achieve remarkable gains throughout the forecast period due to the region's advanced technological infrastructure and strong emphasis on innovation. European countries are at the forefront of adopting digital solutions across various industries, including logistics. Robust regulatory frameworks, government initiatives promoting digital transformation, and significant investments in research and development support the growth of the digital logistics market in Europe. Additionally, the presence of leading logistics service providers and technology companies further strengthens the market landscape, driving continuous advancements and adoption of digital logistics solutions.