Latest News:- Digital Shipment Market: Digital shipping lines is expected to lead the Type segment during 2024-2028

Digital Shipment Market to grow at a CAGR of 29.17% during 2024-2028

The Digital Shipment Market is expected to grow at a CAGR of 29.17% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 94171.7 million. In the dynamic global business landscape, digital shipment market participants face intensifying competition due to the expanding reach of international supply chains and emerging markets. Consumer goods companies, in particular, are capitalizing on cross-border sales and purchases to broaden their market horizons. The international transportation of local commodities not only benefits these firms but also contributes significantly to the economic growth of countries, generating substantial tax revenues through import and export activities. The surge in international trade has resulted in an increase in the number of trade corridors, further fueling market expansion. 

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The Digital shipping lines subsegment is expected to dominate the Type segment during the forecast period 

Technavio analysts predict that the Digital shipping lines subsegment will lead the Type segment during 2024 and 2028 In the digital shipping market, digital shipping lines held the largest market share in 2023, generating significant revenue for the industry. Notable players in this segment include Maersk Line, Mediterranean Shipping Company, Hapag-Lloyd, and CMA CGM. These companies operate vessels that transport goods and containers, either through their own fleet or via leasing arrangements. A shipping line may own or manage carriers that provide tramp services, facilitating the transportation of cargo from origin to destination via freight forwarders or beneficial cargo owners (BCOs).

Here are the various ways based on which the market is segmented: 

• Type
  • Digital shipping lines
  • Digital freight forwarders
• Deployment
  • Cloud
  • On-premises
• Geography
  • APAC
  • North America
  • Europe
  • Middle East and Africa
  • South America

Reasons to Purchase the Global Digital Shipment Market Market Research Report by Technavio. What is in it for you?

• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
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There are several factors that are causing the market to flourish increasing customer demand for faster and more streamlined services

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The digital shipment market is revolutionizing the way essential goods are transported across borders, offering instant quotes and pricing through advanced analytical reports. Impacting factors such as consumer demand, e-commerce websites, and better transportation methods are creating imminent investment pockets in this sector. Essential goods, which are in high demand, are the backbone of this market, with e-commerce giants like DST Global and Convoy leading the charge. Easy documentation and cancellation of orders are essential features that make digital shipment solutions attractive to consumers. Cross-border e-commerce has been a significant driver of growth, with air transportation being the preferred mode due to its speed and efficiency. Instant information and advance tracking features are also crucial, allowing consumers to monitor their shipments in real-time. Overall, the digital shipment market is poised for significant growth, offering a promising investment opportunity for businesses looking to streamline their logistics operations.

Market Research Overview

The global air freight and logistics market encompasses the revenue generated by corporations offering air cargo transportation, courier services, and logistics solutions, which involve package and mail delivery, as well as customs brokerage. According to Technavio's market analysis, the market size is determined by the earnings of air freight and logistics providers. This sector includes the monitoring of goods in transit until their delivery. Key growth drivers for the global air freight and logistics market include the surge in cross-border e-commerce transactions, where consumers purchase goods from foreign suppliers.

The Digital Shipment Market is experiencing significant growth, fueled by the increasing customer demand for faster and more streamlined services. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
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