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Digital Last-Mile Platform Market Size to Expand at 14.5% CAGR, Reaching US$ 21.7 Billion by 2031, Driven by Investments in Smart Logistics and Predictive Analytics - TMR Analysis
Globenewswireยท 2025-03-07 17:00
Core Insights - The Digital Last-Mile Platform Market is projected to grow from USD 6.4 billion in 2022 to USD 21.7 billion by 2031, with a CAGR of 14.5% driven by e-commerce expansion and consumer demand for faster deliveries [2][7][15] Market Overview - The market is influenced by the integration of AI and IoT technologies, the rise of autonomous delivery solutions, and increasing consumer expectations for same-day and on-demand deliveries [2][3][7] - Key players include Amazon Logistics, FedEx, UPS, DHL, Uber Freight, and others focusing on innovations like drone technology and smart warehousing [4][5] Recent Developments - Significant investments and partnerships are being made to enhance e-commerce logistics, with startups like Swap and Relay raising substantial funding to optimize delivery processes [5][8] - Symbotic's $520 million agreement with Walmart aims to develop an automated delivery system, showcasing the trend towards automation in logistics [8] Growth Drivers & Trends - The market is experiencing a shift towards sustainable delivery solutions, including electric vehicles and carbon-neutral operations [7][21] - The adoption of AI-driven route optimization and real-time tracking is enhancing delivery efficiency and customer experience [6][21] Market Segmentation - The market is segmented by deployment type, industry vertical, and technology, with cloud-based platforms and AI integration being key growth areas [9][11] - North America holds a 35% market share, driven by advanced technology adoption and the presence of major e-commerce players [10][12] Future Outlook - By 2035, the market is expected to be dominated by autonomous delivery, drone logistics, and AI-powered predictive analytics, with blockchain integration for secure deliveries [14][15]