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Rising Digital Logistics Market Demand From 2019-2028
By: axiom market research & consulting
DIGITAL LOGISTICS MARKET DYNAMICS
The exponential growth of the e-commerce industry over the past decade has been driven by the rise in online shopping and an increase in the number of Internet users. This rise in e-commerce activities requires logistics providers to operate faster and more efficiently to rapidly process small individual orders. Online customers expect order accuracy, same-day or same-hour delivery, and free returns. E-commerce companies are exploring ways to reduce order delivery times and operational costs. The e-commerce industry drives the demand for transparency, affordability, convenience, and speed in delivery as well as compelling frictionless returns. To cater to this need, it is essential to create new business models and solutions by digitalizing the logistics operations, automating material handling system, warehouse management system, and distribution management system. This has ensured faster and varied fulfilment services, especially in terms of last-mile delivery options and seamless returns processes.
DIGITAL LOGISTICS MARKET KEY PLAYERS
Some of the vital players operating in this market include IBM, Oracle, SAP, AT&T, Intel, Infosys, Honeywell, Eurotech S.P.A, HCL Technologies, ORBCOMM, Impinj, Logisuite, Cloud Logistics among others.
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