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Digital Shipment Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR43060
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The digital shipment market share is expected to increase by USD 27.58 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 21.57%.

This digital shipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers digital shipment market segmentations by type (digital shipping lines and digital freight forwarders) and geography (APAC, North America, Europe, and South America). The digital shipment market report also offers information on several market vendors, including 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 Corp., and ZIM Integrated Shipping Services Ltd. among others.

What will the Digital Shipment Market Size be During the Forecast Period?

Digital Shipment Market Size

Download the Free Report Sample to Unlock the Digital Shipment Market Size for the Forecast Period and Other Important Statistics

 

Digital Shipment Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing customer demand for faster and more streamlined services is notably driving the digital shipment market growth, although factors such as cybercrime risks may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the digital shipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Digital Shipment Market Driver

The increasing customer demand for faster and more streamlined services is a major factor driving the global digital shipment market share growth. The market is witnessing an imminent need for digital transformation due to the increasing demand for faster and more streamlined services from customers. This has also prompted loyal customers to opt for other service providers offering integrated, end-to-end logistics to deliver deep value along the supply chain. Customers are demanding faster ways to contact vendors, which further facilitates quicker buying decisions. Hence, freight service providers are incorporating various digital tools, such as online chats and displaying contact information on websites, to improve the communication flow. Additionally, the increased demand for a better buying experience for customers has encouraged companies to offer instant quotes, transparent pricing, and the option to compare rates and carriers. Furthermore, freight forwarders are enabling better shipment tracking by providing an online platform to buy and manage freight services. Therefore, the increasing demand for faster and more streamlined logistics services is expected to drive the growth of the global digital shipment market during the forecast period.

Key Digital Shipment Market Trend

The globalization in the supply chain is another factor supporting the global digital shipment market share growth. With increasing globalization in the supply chain and the availability of new market opportunities, the vendors in the global digital shipment market are witnessing intense competition, especially in the emerging regions across the world. Additionally, most consumer goods companies are engaged in the sales and purchase of goods and services across international land borders to expand their businesses. The international shipping of local goods also supports countries in improving their economy as the import and export of goods lead to augmented tax revenues, which contributes to the growth of the market in focus. The increase in international trade has led to a rise in the number of trade corridors. Trade corridors are integrated transport networks between geographical regions, which promote economic development and facilitate trading. These corridors comprise integrated infrastructure, such as highways and railroads that link cities or countries. Numerous countries and regions are investing in the development of new trade corridors to facilitate the transportation of goods and commodities. Therefore, globalization in the supply chain is expected to positively impact the growth of the global digital shipment market during the forecast period.

Key Digital Shipment Market Challenge

The cybercrime risks will be a major challenge for the global digital shipment market share growth during the forecast period. With increasing connectivity and digitalization, there is a greater risk of hacking and ransomware attacks. Shipping companies are concerned about the vulnerability of the entire value chain and ships to cybercrimes. The concern about cybercrimes is serious in the maritime industry as there is an increase in the requirement for minimizing the risks associated with the systems in ships and in ports. Presently, many innovative and novel technologies are being used to track cargoes, digitize and automate paper filings, provide end-to-end supply chain visibility, integrate marine insurance policies and smart contracts, and record the information on vessels. Some of the most common cybercrimes are the manipulation of cargoes, ships, and port systems through the introduction of viruses, ransomware, and malware; interference with electronic information systems and automatic identification systems; and the jamming of global positioning systems. Cybercrimes can negatively impact the financial performance of a company and its brand image. Essentially, the cybercrime risks associated with digital shipment are expected to hinder the growth of the market during the forecast period.

This digital shipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global digital shipment market as a part of the global air freight and logistics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the digital shipment market during the forecast period.

Who are the Major Digital Shipment Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • 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 Corp.
  • ZIM Integrated Shipping Services Ltd.

This statistical study of the digital shipment market encompasses successful business strategies deployed by the key vendors. The digital shipment market is concentrated and the vendors are deploying growth strategies such as investing in the deployment of advanced technologies and providing a greater number of digital shipment services to compete in the market.

Product Insights and News

  • A.P. Moller - Maersk AS- The company offers a range of web solutions, mobile solutions, EDI solutions and various other digital solutions, which allow the customers to book, manage and track their shipments.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The digital shipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Digital Shipment Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the digital shipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global air freight and logistics market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Digital Shipment Market?

Digital Shipment Market Market segmentation by region

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51% of the market's growth will originate from APAC during the forecast period. China, South Korea (Republic of Korea) and Japan are the key markets for digital shipment market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The presence of a large consumer base with Internet access and the rapid growth of the e-commerce industry will facilitate the digital shipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Digital Shipment Market?

Digital Shipment Market Segmentation

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The digital shipment market share growth by the digital shipping lines segment will be significant during the forecast period. Digital shipping lines generally make use of containers that are equipped with tracking devices based on AI and the IoT that send logistics-related information in real-time. Some of the advantages of digital shipping lines are the option for online booking directly with the source of the sea freight at competitive rates and the option to choose the desired vessel for cargoes. These factors are likely to drive the growth of the digital shipping lines segment of the digital shipment market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the digital shipment market size and actionable market insights on post COVID-19 impact on each segment.

 

Digital Shipment Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 21.57%

Market growth 2021-2025

$ 27.58 billion

Market structure

Concentrated

YoY growth (%)

29.77

Regional analysis

APAC, North America, Europe, and South America

Performing market contribution

APAC at 51%

Key consumer countries

US, China, Japan, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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 Corp., and ZIM Integrated Shipping Services Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Digital Shipment Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive digital shipment market growth during the next five years
  • Precise estimation of the digital shipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the digital shipment industry across APAC, North America, Europe, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of digital shipment market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Air freight and logistics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 15: Type - Market share 2020-2025 (%)
    • 5.2 Comparison by Type
      • Exhibit 16: Comparison by Type
    • 5.3 Digital shipping lines - Market size and forecast 2020-2025
      • Exhibit 17: Digital shipping lines - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 18: Digital shipping lines - Year-over-year growth 2020-2025 (%)
    • 5.4 Digital freight forwarders - Market size and forecast 2020-2025
      • Exhibit 19: Digital freight forwarders - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 20: Digital freight forwarders - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 21: Market opportunity by Type

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 23: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 24: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 25: APAC - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 26: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 North America - Market size and forecast 2020-2025
      • Exhibit 27: North America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
    • 7.5 Europe - Market size and forecast 2020-2025
      • Exhibit 29: Europe - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
    • 7.6 MEA - Market size and forecast 2020-2025
      • Exhibit 31: MEA - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 32: MEA - Year-over-year growth 2020-2025 (%)
    • 7.7 South America - Market size and forecast 2020-2025
      • Exhibit 33: South America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 35: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 36: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 37: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • Exhibit 38: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 39: Landscape disruption
          • Exhibit 40: Industry risks

        10 Vendor Analysis

        • 10.1 Vendors covered
          • Exhibit 41: Vendors covered
        • 10.2 Market positioning of vendors
          • Exhibit 42: Market positioning of vendors
        • 10.3 A.P. Moller - Maersk AS
          • Exhibit 43: A.P. Moller - Maersk AS - Overview
          • Exhibit 44: A.P. Moller - Maersk AS - Business segments
          • Exhibit 45: A.P. Moller - Maersk AS - Key News
          • Exhibit 46: A.P. Moller - Maersk AS - Key offerings
          • Exhibit 47: A.P. Moller - Maersk AS - Segment focus
        • 10.4 CMA CGM Group
          • Exhibit 48: CMA CGM Group - Overview
          • Exhibit 49: CMA CGM Group - Business segments
          • Exhibit 50: CMA CGM Group - Key offerings
          • Exhibit 51: CMA CGM Group - Segment focus
        • 10.5 COSCO Shipping International Co. Ltd.
          • Exhibit 52: COSCO Shipping International Co. Ltd. - Overview
          • Exhibit 53: COSCO Shipping International Co. Ltd. - Business segments
          • Exhibit 54: COSCO Shipping International Co. Ltd. - Key offerings
          • Exhibit 55: COSCO Shipping International Co. Ltd. - Segment focus
        • 10.6 Evergreen Group
          • 10.7 Hapag-Lloyd AG
            • Exhibit 59: Hapag-Lloyd AG - Overview
            • Exhibit 60: Hapag-Lloyd AG - Business segments
            • Exhibit 61: Hapag-Lloyd AG - Key offerings
            • Exhibit 62: Hapag-Lloyd AG - Segment focus
          • 10.8 Hyundai Merchant Marine (Europe) Ltd.
            • Exhibit 63: Hyundai Merchant Marine (Europe) Ltd. - Overview
            • Exhibit 64: Hyundai Merchant Marine (Europe) Ltd. - Business segments
            • Exhibit 65: Hyundai Merchant Marine (Europe) Ltd. - Key offerings
            • Exhibit 66: Hyundai Merchant Marine (Europe) Ltd. - Segment focus
          • 10.9 MSC Mediterranean Shipping Co. SA
            • Exhibit 67: MSC Mediterranean Shipping Co. SA - Overview
            • Exhibit 68: MSC Mediterranean Shipping Co. SA - Product and service
            • Exhibit 69: MSC Mediterranean Shipping Co. SA - Key offerings
          • 10.10 Ocean Network Express Pte. Ltd.
            • Exhibit 70: Ocean Network Express Pte. Ltd. - Overview
            • Exhibit 71: Ocean Network Express Pte. Ltd. - Product and service
            • Exhibit 72: Ocean Network Express Pte. Ltd. - Key offerings
          • 10.11 Yang Ming Marine Transport Corp.
            • Exhibit 73: Yang Ming Marine Transport Corp. - Overview
            • Exhibit 74: Yang Ming Marine Transport Corp. - Business segments
            • Exhibit 75: Yang Ming Marine Transport Corp. - Key offerings
            • Exhibit 76: Yang Ming Marine Transport Corp. - Segment focus
          • 10.12 ZIM Integrated Shipping Services Ltd.
            • Exhibit 77: ZIM Integrated Shipping Services Ltd. - Overview
            • Exhibit 78: ZIM Integrated Shipping Services Ltd. - Product and service
            • Exhibit 79: ZIM Integrated Shipping Services Ltd. - Key offerings

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 80: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 81: Research Methodology
              • Exhibit 82: Validation techniques employed for market sizing
              • Exhibit 83: Information sources
            • 11.4 List of abbreviations
              • Exhibit 84: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
            Interested in this report?
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            Digital Shipment Market market growth will increase by $27.58 bn during 2021-2025.
            The digital shipment market market is expected to grow at a CAGR of 21.57% during 2021-2025.
            Technavio has segmented the digital shipment market market by type (digital shipping lines and digital freight forwarders) ,geography (APAC, North America, Europe, and South America) , and geographic (APAC, North America, Europe, and South America).
            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 Corp., ZIM Integrated Shipping Services Ltd. are a few of the key vendors in the digital shipment market market.
            APAC will register the highest growth rate of 51% among the other regions. Therefore, the digital shipment market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the digital shipment market market growth are:
            • Increasing customer demand for faster and more streamlined services
            • Globalization in the supply chain
            The digital shipment market market vendors should focus on grabbing business opportunities from the digital shipping lines segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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            • Detailed vendors report with competitive landscape
            • Covid-19 impact and recovery analysis
            • Data on revenue-generating market segments
            • Details on the market shares of various regions
            • Five-force market analysis

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