Digital Logistics Market Segmentation:
Technology Segment Analysis
The IoT segment is slated to hold a dominant 55.4% revenue share by the end of 2035. The integration of IoT in logistics has ensured a paradigm shift in operations. IoT assists in improved supply chain visibility, along with greater operational efficiency. Additional challenges plaguing the global digital logistics market are successfully mitigated by the application of IoT, such as ushering in improvements in supply chain efficiency. In 2023, a bibliometric analysis on PubMed Central highlighted the prominence of IoT applications in solving logistics challenges such as shipment delays. The cloud-based IoT providers are predicted to experience a surge in demand to improve logistics by the end of 2035. Other than this, data published by the European Government in 2021, 29% of the enterprises in the EU use IoT systems or devices.
Service Type Segment Analysis
The third-party logistics segment of the digital logistics market is anticipated to account for 40.3% of the revenue by the end of 2035. The 3PL companies are to utilize technologies such as AI, IoT, and blockchain. The digital tools are allowing for real-time tracking and data-enabled aiding businesses to lower operational costs. With the rise of e-commerce and globalization, companies are turning to 3PL partners to handle warehousing and transportation. Moreover, the 3PL segment is rising as a key enabler of seamless and tech-driven logistics ecosystems. This is further positioning the segment as the dominant contributor to the market’s growth by 2035.
Our in-depth analysis of the market includes the following segments:
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