Logistic Tracking and Management Software Market Scope
The changing technology has been disturbing the logistics and supply chain processes from its basics. Therefore, logistics have become more advanced and fast, due to which there is a change in the way as to how the materials, inventory, sales orders, freight, goods, and production are managed. Since effectiveness and speed have become the factors that determine the logistics, it has hence adopted a new method of dealing with the growing demands and the complexity of the processes. A practical solution for managing the flow of things was designed so that the customers can get their products on time. With the use of logistic tracking and management software, the complete base for the logistical operation was updated that removed the difficulties involved in the complete process. Organizations that have invested in this software have therefore produced decent end results with evident improvements in the process, management, and delivery. Logistics tracking and management is a vital part of the supply chain which is used for the purpose of planning and implementation of as to how the complete process of storage and delivering of goods and services to the customer should be completed efficiently. The software helps in coordinating several crucial activities of the supply chain which starts from the making of the product to its commercialization and then to its end-user. Logistic tracking and management software also helps in the process of planning for the production, sourcing, obtaining the materials, packaging, and last dispatching, which further is then delivered to the customer. The software also includes discovering the correct and efficient means for delivering goods and services to the end-users.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Logistic Tracking and Management Software market throughout the predicted period.
Oracle Corporation (United States), Zoho Corporation Pvt. Ltd. (India), Magaya Corporation (United States), Esri (United States), SAP SE (Germany), Route4Me, Inc. (United States), MyRouteOnline (United States), Camelot 3pl Software (United States), Teknowlogi (United States), WiseTech Global (Australia), Soloplan GmbH (Germany), JDA Software Group (United States) and Zethcon (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Xapp Digital Solutions (India), SmartTurn, Inc. (United States) and VIPparcel (United States).
Segmentation Overview
The study have segmented the market of Global Logistic Tracking and Management Software market , by Application (Large Enterprises and Small and Medium-sized Enterprises (SMEs)) and Region with country level break-up.
On the basis of geography, the market of Logistic Tracking and Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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).
Influencing Trend:
Technology Advancement in Mode of Transportation Services, High Demand Due to the Ability to Provide High Quality, Rapid, Accurate, Real-time Data, Rapidly Growth of Technology Usage in Different Industries Across the World and Increasing Demand due to Production in Next-Generation Automobiles, Aerospace, and Other Industries
Market Growth Drivers:
An upsurge in Vehicle Production to Increase the Demand for Raw Materials and Components and Infrastructure Development in Developing Countries in order to boost the Usage of Logistics
Challenges:
Issues related to Safety and Security of the Logistics Tracking and Management, A problem regarding Lack of Full-Service Tracking Solution, Availability of New Advanced Technologies and Demand for High-End Processors
Restraints:
Specific Data Processing for Specific Software, Lack of Awareness of More Advanced Features and Benefits, Lack of Skilled and Technical Expertise and Chances of Errors in the Software
Opportunities:
Rising Demand from Emerging Economics such as China and India, Implementation/Usage of Driverless Vehicles, Increasing Usage of Blockchain for Efficient Logistics Operations and Growth in the Use of Cloud-Based Platforms
Market Leaders and their Expansionary Development Strategies
Oracle announced that it has signed an agreement to acquire LogFire, a provider of cloud-based warehouse management applications. LogFire's built-for-the-cloud solution provides an integrated warehouse, inventory and workforce management platform that scales with increased volume and complexity.
Oracle announced new logistics capabilities within Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). The updates to Oracle Transportation Management (OTM) and Oracle Global Trade Management (GTM), a part of Oracle Cloud SCM, help customers reduce costs, make better planning decisions, and improve customer experience.
Key Target Audience
Logistic Tracking and Management Software Developers, Key Vendors and Service Providers, Business Firms and Organisations, Software Developers, Potential Investors and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.