About Fulfillment Services
Fulfillment services provide automated solutions to a number of network architectures, some of the functions include inventory management, order management, network management and a number of activation services. Apart from the automating applications, the fulfillment services analyze a vast number of subscriber data on a real-time basis. Due to increasing technological advancements and the growing prevalence of E-commerce activities will generate lucrative demand over the forecasted period. In addition to this, growing demand for inventory management in logistics applications will further strengthen the Fulfillment Services business growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Competition among existing players is due to the Fulfillment Services market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Fulfillment Services market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage.The Players having a strong hold in the market are 4PX International Express, Internet Packaging Solutions, AMS Fulfillment, Efulfillment Service, and Sir Speedy. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Fulfillment Services market throughout the forecasted 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.
4PX International Express Co., Ltd. (China), Internet Packaging Solutions, Inc. (iPS) (United States), AMS Fulfillment (United States), Efulfillment Service Inc. (United States), Sir Speedy (United States), Fulfillment.com (United States), Fulfillment Services, Inc. (United States), Action-Pak Inc (United States), EchoData Group (United States) and Cityon System, Inc. (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 Rakuten Super Logistics (Japan), Amazon Fulfillment (United States) and FedEx Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Fulfillment Services market by Type (Order Fulfillment Services, Warehousing and Storage Fulfillment Services, Bundling Fulfillment Services, Shipping Fulfillment Services and Other), Application (Shipping, Storaging and Other) and Region.
On the basis of geography, the market of Fulfillment Services 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). North Amercia region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Deployment, the sub-segment i.e. On-Premises will boost the Fulfillment Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Software, the sub-segment i.e. Service Order Management will boost the Fulfillment Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction to Highly Automated Artificially Intelligent Applications and Growing Applications of Fulfillment Services in Inventory Management, and Network Management
Market Growth Drivers:
Growing Adoption of Robotics and Automation across the Industrial Applications and Increasing Adoption of E-Commerce Applications and Order Management Applications
Challenges:
Integration Complexities with the Existing Systems and Continues Technological Advancements and Changing Consumer Preferences will Generate Supply Demand Volatility
Restraints:
Manufacturing and Integration Complexities with the Existing Systems
Opportunities:
Continues Technological Advancements as well as Growing R&D Investments in Developing Fulfillment Services and Growing Demand for Inventory Management in Logistics Applications
Market Leaders and their expansionary development strategies
In October 2023, - Ryder System, a leader in supply chain, dedicated transportation, and fleet management solutions, announces it entered into a definitive agreement in the third quarter to acquire all of the outstanding equity of IFS Holdings, LLC, also known as Impact Fulfillment Services (IFS). IFS specializes in contract packaging, contract manufacturing, and warehousing for some of the largest and best-known consumer brands in the United States, primarily in the consumer packaged goods (CPG), retail, and healthcare industries. As part of the transaction, Ryder will acquire 15 operations across Florida, Georgia, Illinois, North Carolina, Ohio, Pennsylvania, Texas, Utah, and California.
In October 2022, Global omnichannel fulfillment platform ShipBob has launched a new fulfillment option for online sellers that streamlines the process by which inventory is entered into Amazon’s network for delivery.
Key Target Audience
Fulfillment Service providers, Automation Equipment Manufacturers, Automation Equipment Distributors and Suppliers, Fulfillment Services International Traders, Researcg and Development Institutes, Government Agencies 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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.