Digital transformation spending in logistics market is propelled by a web-based enterprise logistics applications that enable optimization and collaboration. It also leverages a central logistics information that provides clarity for entire logistics operation of the enterprises. Another driver for the growth of the Digital transformation spending in logistics market are rise of the digital technology across industry and technologically sound consumers. The onset of e-commerce has allow consumers, to compare prices with just the swipe of a smartphone and can source products from anywhere in the world. As, consumers become more inclined towards digital services, they expect to receive the same flexibility and superior quality of service in logistics industry.

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Factors such as lack of digital infrastructure, privacy and security could pose challenge for the Digital transformation spending in logistics market. However various prominent companies including IBM Corporation and others are investing in their digital infrastructure significantly to overcome these challenges of the digital transformation spending in logistics market.

The growth of the digital transformation spending in logistics market could enable supply chain tracking that will help companies to make sure that they have the stock available at all the times. Furthermore, various digital logistics solution providers are evolving their products to cater the customized demand of the customer. Further, various digital logistics solutions based on cloud technology are available in the Digital transformation spending in logistics market for warehouse, transportation and labor management requirements.

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Some of the key players in the digital transformation spending in logistics market are IBM Corporation, DigiLogistics Technology Ltd., Mindtree, SAP SE, PartnerTech, Oracle, Hexaware Technologies, Advantech Co., Ltd., SAMSUNG ELECTRONICS LOGITECH Corporation, DSV, Digistics, Syntel, Inc., REICHHART Logistics Group, Tech Mahindra Limited, Digital Logistics Group Ltd. and more.

 

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