Digital Shipment Market Analysis Highlights the Impact of COVID-19 (2020–2024)| Industry 4.0 Integration to Boost Market Growth | Technavio

Technavio has been monitoring the digital shipment market and it is poised to grow by USD 11.04 bn during 2020–2024, progressing at a CAGR of over 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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• What is a major trend in the market?
  Customer demand for faster and more streamlined services is a major trend driving the market growth.
• At what rate is the market projected to grow?
  The year-over-year growth for 2020 is estimated at 9.51% and the incremental growth of the market is anticipated to be $ 11.04 bn
• Who are the top players in the market?
  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, are some of the major market participants.
• What is the key market driver?
  Industry 4.0 integration is a major factor driving the market.
• How big is the APAC market?
  The APAC region will contribute 39% of the market share

The market is concentrated, and the degree of concentration will accelerate during the forecast period. 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. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Industry 4.0 integration has been instrumental in driving the growth of the market.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Digital Shipment Market 2020–2024: Segmentation

Digital Shipment Market is segmented as below:

• Type
• Digital Shipping Lines
• Digital Freight Forwarders
• Geographic Landscape
• APAC
• North America
• Europe
• South America
• MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43060

Digital Shipment Market 2020–2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The digital shipment market report covers the following areas:

• Digital Shipment Market Size
• Digital Shipment Market Trends
• Digital Shipment Market Industry Analysis

This study identifies increasing customer demand for faster and more streamlined services as one of the prime reasons driving the digital shipment market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.