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.
Download the full report:
https://www.reportbuyer.com/product/2362770/
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