Global Logistics Network Market, By Component (Hardware, Software, Services), By Transportation Mode (Roadways, Railways, Airways, Waterways) - Industry Trends and Forecast to 2031.
Logistics Network Market Analysis and Size
By sharing data, information, and facts with the supply chain partners, connected logistics has transformed the logistical operations to become more customer-centric. Connected logistics utilizes a network of interconnected communication systems, cloud platforms, and Internet of Things (IoT) technologies to improve the productivity of logistics operations.
Data Bridge Market Research analyzes that the global logistics network market is expected to reach USD 100.53 billion by 2031, from USD 34.03 billion in 2023, and is expected to undergo a CAGR of 14.5% during the forecast period of 2024 to 2031. “Hardware” dominates the component segment of the market due to demand from growing markets. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Component (Hardware, Software, Services), Transportation Mode (Roadways, Railways, Airways, Waterways)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Intel Corporation (U.S.), Infosys Limited (India), Cisco Systems Inc. (U.S.), HCL Technologies Limited (India), IBM Corporation (U.S.), SAP SE (Germany), ORBOCMM (U.S.), Freightgate Inc. (U.S.), Honeywell International Inc. (U.S.), NEC Corporation (Japan)
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Market Opportunities
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Market Definition
A logistics network refers to the interconnected system of facilities, resources, and processes that are strategically organized to efficiently manage the flow of goods, services, and information from the point of origin to the point of consumption. It involves the planning, implementation, and control of the entire supply chain, encompassing various stages such as procurement, production, distribution, and transportation.
Global Logistics Network Market Dynamics
Driver
- Rise of E-Commerce
The rise of e-commerce has significantly increased demand for efficient logistics networks. As more consumers turn to online shopping, there is a growing need for reliable and fast delivery services, prompting logistics companies to enhance and expand their networks. The globalization of supply chains has led to increased complexity and longer supply chains. Logistics networks play a crucial role in managing the flow of goods across borders, and companies seek integrated and efficient solutions to navigate the challenges of global trade.
Opportunity
- Adoption of Advanced Technologies
The adoption of advanced technologies, such as internet of things (IoT), artificial intelligence (AI), and blockchain, has transformed logistics operations. These technologies enable real-time tracking, data analytics, and automation, improving visibility and efficiency within the supply chain. The use of big data and analytics provides insights into supply chain performance, enabling companies to make informed decisions and optimize logistics operations for efficiency and cost-effectiveness.
Restraint/Challenge
- Inadequate or Outdated Infrastructure and High Initial Investment
Inadequate or outdated infrastructure, especially in developing regions, can impede the smooth functioning of logistics networks. Poor road conditions, insufficient transportation hubs, and limited access to modern logistics facilities may hinder efficient operations. Establishing and maintaining an advanced and reliable logistics network requires significant upfront investments in technology, infrastructure, and talent. Smaller companies or those with limited financial resources may find it challenging to compete and invest in these critical areas.
This logistics network market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the logistics network market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In November 2023, The logistics company XpressBees has become a part of the Open Network for Digital Commerce (ONDC). They will now offer delivery services across over 2,800 cities and 20,000 pin codes in India. This collaboration aims to optimize XpressBees’ operations and establish it as a significant player in the e-commerce industry. The move is expected to strengthen ONDC’s logistics network and contribute to the growth of the digital economy.
Global Logistics Network Market Scope
The logistics network market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Hardware
- Software
- Services
Transportation Mode
- Roadways
- Railways
- Airways
- Waterways
Global Logistics Network Market Region Analysis/Insights
The logistics network market is analyzed and market size insights and trends are provided by country, component, and transport mode as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, rest of Middle East and Africa.
North America is expected to dominate the market due to North America being home to renowned research institutions, universities, and technology companies that conduct cutting-edge research in photonics and integrated circuit technologies. This strong R&D ecosystem fosters innovation and drives advancements in Logistics Network circuits.
Asia-Pacific is expected to be the fastest-growing country in the market due to the Asia-Pacific region having a large and rapidly growing population, along with a significant increase in industrial manufacturing. This drives the demand for warehouses, which can benefit from the use of logistics network.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Competitive Landscape and Global Logistics Network Market Share Analysis
The logistics network market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the logistics network market.
Some of the major players operating in the logistics network market are:
- Intel Corporation (U.S.)
- Infosys Limited (India)
- Cisco Systems Inc. (U.S.)
- HCL Technologies Limited (India)
- IBM Corporation (U.S.)
- SAP SE (Germany)
- ORBOCMM (U.S.)
- Freightgate Inc. (U.S.)
- Honeywell International Inc. (U.S.)
- NEC Corporation (Japan)
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