𝗟𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗜𝘀 𝗥𝗲𝗲𝗱𝗶𝗳𝘆𝗶𝗻𝗴 𝗪𝗶𝘁𝗵 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗦𝗵𝗶𝗽𝗺𝗲𝗻𝘁𝘀, 𝗥𝗲𝗰𝗲𝗻𝘁 & 𝗨𝗽𝗰𝗼𝗺𝗶𝗻𝗴 𝗧𝗿𝗲𝗻𝗱𝘀 𝗶𝗻 𝟮𝟬𝟮𝟮, 𝗔𝗰𝘁𝗶𝗼𝗻𝗮𝗯𝗹𝗲 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝗜𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗲𝗱 𝗯𝘆 𝗧𝗼𝗽 𝗟𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀

 

Digital Shipment Market by Type (Digital Shipping Lines and Digital Freight Forwarders), Transport (Land, Sea, and Air), Deployment Method (Cloud and On-Premises), and Vertical (Retail & E-Commerce, Manufacturing, Pharmaceuticals & Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

Digital shipment refers to use of digital means to transport goods assigned by the consumer from one place to another via land, sea, or air as required. Digitization has contributed significantly to the shipment by improving the overall efficiency of the complete process. Moreover, adoption of digital shipment method has reduced all the manual procedures making the process fast and reliable. Furthermore, all the information regarding shipment cost, delivery time, method of transportation, and others are available at one platform without hassle free paper works. In addition, main advantage of digital shipment is it removes all the middleman in the shipment process thus, reducing the shipment cost. Also, digital shipment includes instant pricing, comparison of rates & carriers, easy documentation, and shipment tracking. All the shipping companies are adopting digital technology for their shipment since, it has improved the level of operation to a great level. The customers are also satisfied with the advance tracking feature and low cost of shipment.

Market Trends

Rise in e-commerce industry

Rise in e-commerce industry has contributed significantly towards the rise in demand for digital shipment. Since, with the rise in disposable income consumers are purchasing more and more goods from e-commerce websites. Furthermore, e-commerce goods shipment provides the consumers with features such as real time tracking and expected delivery time of their order which will boost the growth of digital shipment market.  For instance, in 2020, retail e-commerce sales worldwide amounted to around $4.29 trillion, and the revenues are expected to grow even further at a quicker pace in the coming few years. Moreover, online shopping is one of the most popular online activities worldwide, both domestic and cross-border e-commerce is booming in developing markets such as China, India, and Indonesia. Therefore, to rise in e-commerce industry directly impact the growth of shipping industry which is expected to drive growth of digital shipment market.

COVID-19 Impact Analysis: 

Due to COVID-19 pandemic government across major countries have announced lockdown leading to business shutdown. The lockdown imposed has severely affected digital shipment since there was travel restrictions. Moreover, the delay in delivery of goods had caused huge losses for the shipping companies also, there were cancellation of lot of orders due unavailability of delivery options. Furthermore, there was unavailability of workforce due to social distancing norm which further affected the shipment process. In addition, there were also lack of server maintenance during this period which led website crashes and consumers found it difficult to use digital shipment. Also, e-commerce websites were selling only essential goods during this period which reduced the demand digital shipment. Global shipping industry is an evolving sector which had a slight setback due to the pandemic, but it is expected to recover post pandemic very soon and drive growth of digital shipment market. 

Top Impacting Factors 

• Rise in e-commerce industry, rise in demand for cost-effective method of transportation, and rise in demand for real-time tracking is expected to drive growth of the market.
• However, shipping delay and lack of skilled workforce can hamper growth of the market.
• Moreover, rise in technological  advancement, rise in better transportation methods, and rise in investment in shipping companies act as an opportunity for growth of the market. 

Key Benefits of the Report:

• This study presents the analytical depiction of the digital shipment market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with challenges of the digital shipment market.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the digital shipment market growth scenario.
• The report provides detailed digital shipment market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the digital shipment market research report:

• Which are the leading market players active in the digital shipment market?
• What would be the detailed impact of COVID-19 on the market?
• What current trends would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the digital shipment market?
• What are the projections for the future that would help in taking further strategic steps?

Market Scope and Structure Analysis:

Report Metric	Details
Market size available for years	2020–2030
Base year considered	2020
Forecast period	2021–2030
Forecast units	Value (USD)
Segments covered	Type, Transport, Deployment Method, Vertical, and Region
Regions covered	North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa)
Companies covered	A.P. Moller - Maersk AS, COSCO SHIPPING International (Hong Kong) Co. Ltd., CMA CGM Group, Evergreen Group, Hapag Lloyd, HYUNDAI Merchant Marine Co. Ltd., Mediterranean Shipping Co. SA, Ocean Network Express Pte. Ltd., Yang Ming Marine Transport Corporation, and ZIM Integrated Shipping Services Ltd.

 

Key Segments Covered:

Segments	Sub-segments
Type	Digital Shipping Lines Digital Freight Forwarders
Transport	Land Sea Air
Deployment Method	Cloud On-Premises
Vertical	Retail & E-Commerce Manufacturing Pharmaceuticals & Healthcare Others
Region	North America U.S. Canada Mexico Europe Germany France UK Italy Rest of Europe Asia-Pacific China Japan India South Korea Rest of Asia-Pacific LAMEA Latin America Middle East Africa