DUBLIN, Sept. 12, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Digital (Tracking & Monitoring, Information Integrated, EDI, Database Management, Fleet Management, Order Management) Logistics Market - Market Forecast & Analysis (2014-2019)" report to their offering.
Logistics is the most important activity among the components of the business and Supply Chain Management (SCM) system.The dynamic logistics environment and significant need of digital technologies is defining new era for managing logistics. Developments in the communication technologies have made the global world much more close where the speed and accuracy of the operations are the key factors for sustainability.
Speedy transactions, flexibility of operations, scalability of resources and business transparency are the requirements of the current logistics environment. Digital logistics has provided various opportunities to solution providers in transforming traditional logistics strategies to well synchronized, efficient and effective model for managing the movement of goods.
Digital systems offer a life time management of assets (materials, vehicles, labor etc.) and also enable users to find out the real-time location, availability and movement of assets. Users and suppliers are able to share information about products and prices through web portals and thus able to manage the resources optimally. Transportation management is the one of the major functions of digital logistics which minimizes transit cost and maximizes service delivery to the customers.
The other important function constitutes of warehouse management that holds the key for every supply chain wherein the entire focus is towards movement and storage of materials within the warehouse. Digital logistics systems are being used to create visibility within warehouse and associated processes such as order processing, financial transactions, shipping, dispatch and picking. Logistics information helps in identifying the crucial bottlenecks and hence facilitates in critical decision making.
Advancements in technology in the past few decades have inevitably led to the potential growth of digital logistics across the global market.The increasing customer expectation, along with measures to control the logistics cost is playing a vital role in shaping the future of the digital logistics market. The market for digital logistics is growing at a constant pace.
Since various organizations are gradually adopting these solutions, while innovation and availability of new technologies are generating strong traction across all the emerging venues, owing to the growing need of connectivity on a real-time basis. Furthermore, the technology is expected to bring in integration capabilities of analytical software tools with the existing systems; such applications will further enhance the growth of revenues, while ensuring customer privacy and assets security.
The digital logistics market life cycle widely varies from region to region and also the overall market is at a defined stage with immense potential in the next five years. Europe is expected to observe a high adoption rate digital logistics technology across various vertical markets. The globalization and emerging technological trends are contributing to the growth in the European region. The digital logistics market in North America is expected to see a greater traction by the end of the forecast period.
This report expects an increasing adoption of digital logistics solutions as major vendors are bringing cost-effective and technologically advanced solutions and are aggressively investing toward the research and development.
The digital logistics market is expected to grow from $8.78 billion in 2014 to $12.96billion by 2019, at an estimated CAGR of 8.09% from 2014 to 2019.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Digital Logistics Market, By System
8 Digital Logisitcs Market, By Services
9 Global Digital Logistics Market, By Application
10 Global Digital Logistics Market, By Vertical
11 Global Digital Logistics Market, By Region
12 Competitive Landscape
13 Company Profiles
- Advantech Corportion
- Hexaware Technologies
- Ibm Corporation
- Jda Software
- Samsung Electronics Co
- Sap Ag
- Tech Mahindra
- Uti Worldwide Inc
For more information visit http://www.researchandmarkets.com/research/hbdwdr/digital_logistics
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SOURCE Research and Markets