Logistics Services Software Market to grow by USD 3.22 billion from 2022 - 2027 - Technavio
Tuesday, November 14, 2023
NEW YORK, Nov. 6, 2023 /PRNewswire/ -- The "Logistics Services Software Market by end-user (Retail and e-commerce, Manufacturing, Healthcare, Automotive, and Others), deployment (On-premise and Cloud-based), and geography (North America, Europe, APAC, Middle East and Africa, and South America) - Forecast and Analysis 2023-2027" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
The potential growth difference for the logistics services software market between 2022 and 2027 is USD 3.22 billion. Rising private equity (PE) investments in the logistics industry are notably driving the growth of the global logistics services software market. PE investments help to acquire assets and are ideal for strong asset-based business models in the logistics industry. Investing in PE can help companies grow their business and achieve synergies from joint ventures (JVs) and strategic partnerships. As the logistics industry requires significant capital investment, logistics service providers are developing innovative solutions for delivering parcels within cities.
Market Challenge
High deployment costs of on-premise logistics services software are one of the major challenges that impede the growth of the global logistics services software market. Logistics Services Software solution costs are increasing because of software licensing, installation, maintenance, hardware, customization, and training costs. Leading market players come with on-premises software solutions for logistics services that are more customizable than cloud-based software solutions for logistics services. Software solutions for on-premises logistics services require trained IT staff with relevant skills to manage and dedicated staff to operate.
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The logistics services software market has been segmented by end-user (Retail and e-commerce, Manufacturing, Healthcare, Automotive, and Others ), deployment (On-premise and Cloud-based ), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
ยท The market share growth by the retail and e-commerce segments will be significant during the forecast period. Logistics services software delivers inventory management features such as demand forecasting, inventory tracking, and automated replenishment. Further, logistics services software helps retailers and e-commerce companies fulfill customer anticipations by delivering real-time visibility, automated processes, and improved logistics operations.
-- North America is estimated to account for 33% of the global market
growth during the forecast period.
View a Sample Report for insights into the contribution of all the segments and regional opportunities in the report.
Key Companies in the Logistics Services Software Market:
Accenture Plc, E2open Parent Holdings Inc., Epicor Software Corp., Fishbowl, Honeywell International Inc., Infor Inc., International Business Machines Corp., Koerber AG, Magaya Corp., Manhattan Associates Inc., Oracle Corp., ORBCOMM Inc., Panasonic Holdings Corp., Ramco Systems Ltd., Royal 4 Systems, SAP SE, Siemens AG, Descartes Systems Group Inc., Trimble Inc., and WiseTech Global Ltd.
Related Reports:
The Business Management Software (BMS) Market size is estimated to grow at a CAGR of 10.48% between 2023 and 2028. The market size is forecast to increase by USD 222.08 billion.
The US third-party logistics (3PL) market is estimated to grow at a CAGR of 8.42% between 2022 and 2027, and the size of the market is forecast to increase by USD 117.1 billion.
Logistics Services Software Market Scope
Report Coverage
Details
Base year 2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR Accelerate at a CAGR of 9.16%
Market growth 2023-2027
USD 3.22 billion
Market structure
Fragmented
YoY growth 2022-2023 (%) 8.72
Regional analysis North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution North America at 33%
Key countries
US, China, Japan, Germany, and UK
Competitive landscape Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and
Industry Risks
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Deployment
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com
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