Digital Transformation in Transportation and Logistics Market 2021 Technological Innovations, In-depth Qualitative Assessment and Industry Value Chain to 2026
Global market size for digital transformation in transportation and logistics was valued at USD 54.92 billion in 2018 and is anticipated to rise up to USD 145.28 billion by 2025 with a CAGR of 13.0% during the forecast period
Dallas, United States – April 29, 2021 /MarketersMedia/ —
Rise in the ecommerce sector, growing preference for online shopping of various products such as food, clothing, groceries and other products, growing convenience and ease of shopping and ordering items sitting in the house are the major factors that are fueling the growth of global digital transformation in transportation and logistics market over the coming years. Also, rising digitization, growing usage of social media and ecommerce websites for ordering products, along with rising attractive discounts and offers on these websites which is gaining popularity among the people in urban as well as rural areas are further contributing to the growth of global digital transformation in transportation and logistics market over the coming years.
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Benefits of digitization in the transport sector will allow easy monitoring of the conditions of vehicles across long distances, it will help in managing the quantity of the materials that are been transported by the vehicles. It will allow transparency of work among several parties and help in keeping track of the data, find most optimized routes for safe and fast travel of the goods. These factors are further contributing to the expansion of the global digital transformation in transportation and logistics market over the coming years.
Further, increasing number of digital payment modes and growing adoption of online modes of business among the small as well as medium companies, growing number of startups and other online businesses among the people, rising demand for products across various locations around the globe are further rising the demand for transportation in various locations, thereby contributing to the expansion of the global digital transformation in transportation and logistics market over the coming years. Rising technological advancements as well as adoption of new technologies in various industries are creating opportunities for the industry growth.
The key digital transformation vendors for transportation and logistics sectors are Amazon Amazon, APL Logistics Ltd., IBM Corporation, Walmart, Logitech Corporation, Samsung Electronics and others.
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Segment Overview of Global Digital Transformation Market in Transportation and Logistics
Regional Overview, 2015-2025 (USD Billion)
• North America
o U.S.
o Canada
o Mexico
• Europe
o France
o UK
o Germany
o Italy
o Rest of Europe
• Asia Pacific
o India
o Japan
o China
o Southeast Asia
o Rest of APAC
• South America
o Brazil
o Argentina
o Chile
o Peru
o Rest of South America
• Middle East and Africa
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What does the report include?
• The study on the global digital transformation market includes qualitative factors such as drivers, restraints, and opportunities
• Additionally, the market has been evaluated using the Porters 5 Forces and Value Chain Analysis.
• The study covers qualitative and quantitative analysis of the market segmented on the basis of type and end user. Moreover, the study provides similar information for the key geographies.
• Actual market sizes and forecasts have been provided for all the above-mentioned segments.
• The study includes the profiles of key players in the market with a significant Global and/or regional presence.
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