Global Digital Transformation in Transportation and Logistics Market Size by Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America) and Forecast 2018 to 2025
Aug 2019
Total Pages: 50
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Digital transformation plays a critical role in staying competitive in a constantly changing business environment and technology landscape. This report is part of a series of reports based on a study of digital transformation initiatives, potential and investments in the leading industry verticals and business sectors. Transportation and logistics are one of the lifelines of any business and it is being transformed through digital solutions. These collective initiatives from the industry have, in fact, turned digital mobility solutions and enabling products into a megatrend.
The global market size for digital transformation 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. Clearly, there is high adoption of digital technologies in field of transportation and logistics as developing robust new platforms solve problems related to asset underutilization, reduces supply chain inefficiencies, improve demand-supply matching, and increase connectivity and visibility across systems. With the improved operational connectivity and visibility between previously siloed systems, stakeholders are able to seamlessly connect to each other throughout the supply chain.
.png "Global Digital Transformation Market 2015-2025 (USD Million)")
Key Segments of the Global Digital Transformation Market
Regional Overview, 2015-2025 (USD Billion)
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- UK
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- India
- Japan
- China
- Southeast Asia
- Rest of APAC
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global digital transformation market. Benchmark yourself against the rest of the market.
- Be prepared for how digital transformation trends and the global digital transformation market will be impacted by socio-political and economic factors over the next few years
- Ensure you remain competitive as new innovations and insurance models begin to enter the market.
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.
Who should buy this report?
This study is suitable for industry participants and stakeholders in the global digital transformation market. The report will benefit:
- Executives of digital transformation companies that are engaged in the digital transformation sales.
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to the global digital transformation market.
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative global digital transformation solutions.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Digital transformation in transportation and logistics is predicted to be the major market in the next five year. The immense competitive pressure, the importance of cost optimization and the critical need for improvement of the overall supply chain are the common factors driving the adoption of digital transformation in the transportation and logistics industry. Other than that, various other technologies are entering the market.
The potential for ML and AI in logistics is tremendous: supply chain is goldmine for structured as well as unstructured data, and by utilizing and examining it, finding patterns and creating insight into every link of the supply chain, transportation and logistics firms can dramatically transform operations.
Ml is helping companies unveil patterns in supply chain data by using algorithms, along with continuous and simultaneous learning. These patterns eventually aid companies in extracting knowledge and insights in order to improve supplier performance, reduce freight costs and minimize supplier risk. While AI help logistics companies find financial anomalies by fetching critical information from invoices; help companies plan freight more efficiently and use natural language processing tools monitor online news and supply chain factors and take corrective action.
Following are the common IT priorities of organizations in the transportation and logistics industry,
- Automating and digitize the business processes
- Updating or replacing the legacy systems and IT infrastructure modernization
- Leverage IoT and Cloud
- Embrace new IT delivery models such as SaaS, PaaS and agile
- Leverage Big Data and Artificial Intelligence for actionable insights
Apart from the above key IT priorities, the transportation and logistics companies are also keen on leveraging and investing in technologies such as AR, VR, and Blockchain to address business challenges.
Geographically, North America led by contribution in the global digital transformation market and had value of USD 18.67 Billion in 2018 and is expected to grow during the forecast period 2019 – 2025. However, Asia-Pacific is anticipated to have fastest growth rate in the forthcoming years. International companies are growing into this region and able to reap gain from the digital transformation. In the New-Asia, China lies at the centre and used to be low-based manufacturing which is now shifting to Cambodia, Laos, Vietnam and frontier markets like Bangladesh and Myanmar.
.png "North-America Digital Transformation, by Region, 2015-2018 (USD Billion)")
The key digital transformation vendors for transportation and logistics sectors are Amazon Web-Services, IBM, Oracle, Google, SAP, Daimler, BMW, VMware, Inc., Renault-Nissan, Microsoft Azure and others.
Digital transformation plays a critical role in staying competitive in a constantly changing business environment and technology landscape. This report is part of a series of reports based on a study of digital transformation initiatives, potential and investments in the leading industry verticals and business sectors. Transportation and logistics are one of the lifelines of any business and it is being transformed through digital solutions. These collective initiatives from the industry have, in fact, turned digital mobility solutions and enabling products into a megatrend.
The global market size for digital transformation 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. Clearly, there is high adoption of digital technologies in field of transportation and logistics as developing robust new platforms solve problems related to asset underutilization, reduces supply chain inefficiencies, improve demand-supply matching, and increase connectivity and visibility across systems. With the improved operational connectivity and visibility between previously siloed systems, stakeholders are able to seamlessly connect to each other throughout the supply chain.
Key Segments of the Global Digital Transformation Market
Regional Overview, 2015-2025 (USD Billion)
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- UK
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- India
- Japan
- China
- Southeast Asia
- Rest of APAC
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global digital transformation market. Benchmark yourself against the rest of the market.
- Be prepared for how digital transformation trends and the global digital transformation market will be impacted by socio-political and economic factors over the next few years
- Ensure you remain competitive as new innovations and insurance models begin to enter the market.
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.
Who should buy this report?
This study is suitable for industry participants and stakeholders in the global digital transformation market. The report will benefit:
- Executives of digital transformation companies that are engaged in the digital transformation sales.
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to the global digital transformation market.
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative global digital transformation solutions.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Chapter 1 Executive Summary
Chapter 2 Research Methodology
2.1 Research Approach
2.2 Market Size Estimation Methodology
2.3 Top-down approach
2.4 Bottom-up Approach
2.4.1 Delphi Estimation
2.4.2 Forecasting
2.5 Scope
2.6 Key Definitions:
2.7 Assumptions
2.8 Limitations
2.9 Data sources
2.9.1 Secondary Data Sources
2.9.2 Paid Data Sources
Chapter 3 Global Digital Transformation in Transportation and Logistics- Market Outlook
3.1 Introduction
3.2 Key Trends
3.2.1 Drivers
3.2.1.1 Solve asset underutilization
3.2.1.2 Increase connectivity and visibility across systems
3.2.1.3 Development of new digital business models and customer access platforms
3.2.2 Restraint/Challenges
3.2.2.1 Mobile Dependence
3.2.2.2 Provide enhanced customer experience
3.2.2.3 Finding the expertise to lead digitization initiatives
3.2.3 Opportunity
3.2.3.1 Value/Supply Chain Visibility
3.2.3.2 Predictive Maintenance
3.3 Technology & Innovation Landscape
3.3.1 Autonomous vehicles and platooning
3.3.2 Internet of Things track and trace
3.3.3 Cloud Computing
3.3.4 Blockchain
3.3.5 Artificial Intelligence & Machine Learning
Chapter 4 Global Digital Transformation in Manufacturing – Case studies and Use Cases
Chapter 5 Global Digital Transformation in Manufacturing - Regional Outlook
Chapter 6 Vendor Outlook
Chapter 7 Conclusions & Recommendations