What is Shipment Tracking Software?
Shipment tracking software is meant to keep consumers updated about the progress and location of their goods in e-commerce and freight firms. This type of software collects data from multiple carriers and sends real-time changes to users and their clients. The software shows the delivery schedule, projected arrival date, method of delivery, and tracking number, as well as the origin and destination information. If the delivery status changes, customers are automatically notified. Customers are informed about the status of their products by shipment tracking software, which also sends out proactive messages. The status may be viewed by both merchants and customers, allowing for greater openness between them.
The market study is broken down, by Application (Water Transport, Air Transport and Land Transportation) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Shipment Tracking Software market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ShipStation (United States), Freightview (United States), Nexus (United Kingdom), WiseTech Global (United States), Fretron (India), Lob (United States), ClickPost (India), Shipper (United States), Sendcloud (Netherlands) and Freight Club (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are ShippyPro (Italy).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Shipment Tracking Software market by Type, Application and Region.
On the basis of geography, the market of Shipment Tracking Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Functionality, the sub-segment i.e. Alerts/Notifications will boost the Shipment Tracking Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing Options, the sub-segment i.e. Free Monthly Subscription will boost the Shipment Tracking Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. Cloud-Based will boost the Shipment Tracking Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Integration Of Advance Technology Such As Artificial Intelligence And Internet Of Things
Market Drivers
- Growing Adoption Mobile Technology Are The Major Factors Driving The Shipment Tracking Software Market Globally
Opportunities
- Growing Demand For Mobility Solutions And Adoption Of Digitization In The Service Industry Is Fuel Market Growth For This Software
Restraints
- Concerns Towards Security And Safety
Challenges
- High Installation Cost Of This Software
Key Target Audience
Shipment Tracking Software Developer, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.