Market Snapshot:
Multi-carrier shipping software is also denoted as Transportation Management Software (TMS). Multi-carrier shipping software is a platform that mechanizes and streamlines the spot carriage process. The software delivers the ability to manage and track all types of freight such as trucking, air, ocean, parcel, etc. The multi-carrier shipping software is used in the context of e-commerce enterprises who ship directly to consumers and generally refers to all-freight automation platforms such as Cargobase or related systems.
Highlights from Multicarrier Shipping Software Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.7% |
The key Players profiled in the report are Creative Logistics Solutions (United States), Logicor (United Kingdom), Mecalux (Spain), Parcelhub (United Kingdom), ProShip (United States), QAD Precision (United States), ReadyCloud (United States) and ShipHawk (United States). Additionally, other players that are part of this comprehensive study are Shippo (United States) and XPS Ship (United States).
Geographic Breakdown and Segment Analysis
The Global Multicarrier Shipping Software market presents a comprehensive analysis of the Multicarrier Shipping Software market by end-user/application (Passenger Transportation and Goods Transportation), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Multicarrier Shipping Software industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Multicarrier Shipping Software market
Analyst at AMA have segmented the market study of Global Multicarrier Shipping Software market by Type, Application and Region.
Influencing Trend:
The Growth in Deployment of Internet of Things (IoT) and Big Data Technology to Get Real-Time Information of Logistics and Surging Blockchain in Freight Management
Market Growth Drivers:
Continuously Increasing Global Trade and the Need to Control the Time-In-Transit and Increased Transportation Information and Supply Chain Visibility
Challenges:
Lack of Awareness Regarding Multicarrier Shipping Software
Restraints:
Insufficient IT Investment for Transportation Infrastructure in Developing Economies and High Data Security Concerns
Opportunities:
Growing Adoption of Cloud Technology and Increasing Demand for Software as a Service (SaaS)
Market Developments Activities:
In March 2022, E2open Parent Holdings, Inc. (NYSE: ETWO), a leading network-based provider of a cloud-based, mission-critical, end-to-end supply chain management platform, has acquired Logistyx Technologies, a leader in global parcel and e-commerce shipping and fulfillment technology.
In March 2024,GEODIS, a leading global logistics provider, today announced the launch of its new multi-carrier parcel shipping solution. As e-Commerce continues to grow, GEODIS has introduced best-in-class software that is designed to reduce costs, improve on-time performance and optimize parcel shipments for GEODIS in Americas customers. With its new parcel shipping solution, GEODIS is now offering direct carrier connections to customers to reduce manual uploads of rates and surcharges to optimize e-Commerce fulfillment operations.
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.
Key Target Audience
Network Providers, Multicarrier Shipping Software Providers, Logistics Industry and Government Bodies