The [FURL=https://www.industryarc.com/Report/19612/digital-warehouse-solution-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Digital Warehouse Solution Market[/FURL] size is forecast to reach $56.6 billion by 2026, growing at a CAGR of 21.7% during the forecast period 2021-2026. Digital warehouse solutions are employed to assist logistics companies in reducing incurred costs. Nowadays, enterprises are willing to adopt digital warehouse solutions for the supply chain and day-to-day operations to better serve their customers.Key Takeaways
Digital transformation in the logistics industry along with the exponential growth in e-commerce industry are expected to create positive outlook for the growth of the market.
Among the solution, data management and analytics solutions are analyzed to hold significant share in 2020, attributed to the significant deployment as it can offer crucial information and insights with the help for advanced IT solutions to yield greater productivity, efficiency and profitability to the organizations.
North America to account for the largest market size owing to rapid technological advancements such as digitalization in US and Canada along with the presence of large IT companies.
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Digital Warehouse Solution Market Segment Analysis – By Geography
North America is analyzed to be the major region with a share of 35% in 2020 for the Digital Warehouse solution market owing to the well-established economies of the countries such as US and Canada that could help the region to invest heavily in leading digital warehouse solutions. In addition, favorable regulatory developments such as compliance, safety and accountability (CSA) and Hours of Service solution (HOS) revisions are also attracting the growth of the market. Whereas, However, APAC is analyzed to grow at highest rate during the forecast period 2021-2026 majorly attributed as the region is a current hotspot of the digital warehouse & logistics solutions that could attract many companies. Also, growing penetration of connected machines, smart devices have resulted in the increase in the number of connected solutions which is expected to create lucrative growth prospects for the region.
Digital Warehouse Solution Market Drivers
Exponential growth in the e-commerce industry
Emergence of Digital Technology in Logistics Sector
Digital Warehouse Solution Market Landscape
The key players of global digital warehouse solutions market have adopted various strategies to gain competitive advantage including product launch, partnerships and agreements, technological advancements and others. The major players in the digital warehouse solutions Market include IBM, Oracle, SAP, AT&T, Intel, Infosys Limited, Honeywell, Eurotech S.P.A, Hcl Technologies And Orbcomm Inc.
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