Industry Background:
Package tracking software, which is also known as the delivery management or mailroom management software, helps in tracking of the personal packages and then provides assistance for deliveries in an office space, or residential building. Package tracking software basically streamlines the process of tagging of the delivered packages, by notifying the employees or the residents of the delivered packages, by the means of accepting digital signatures, and further releasing of those packages. Package tracking software can also provide the asset and inventory tracking along with the management capabilities, as well as it also creates a history of the delivered signatures and transactions. Ultimately, the package tracking software ensures the accountability of all the mails and packages throughout the complete delivery lifecycle. Package tracking software is precisely not for the courier delivery management or supply chain management, and while the solution still streamlines package operations, it thereby does not organize the delivery logistics or operations. Package tracking software can also be integrated with property management systems as well as with the existing hardware, such as the barcode scanners or the label printers.This growth is primarily driven by High Demand Due to the Ability to Provide High Quality, Rapid, Accurate, Real-time Data
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Application Software sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Entrata (United States), Pitney Bowes (United States), Notifii (United States), Envoy Deliveries (United States), EZTrackIt Inc. (United States), Logware (United States), Qtrak Inc. (United States), BCC Software (United States), Zoom2u (Australia), SphereMail (United States), Sagar Informatics Private Limited (India) and Traizr (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2022, Entrata, Inc., a leading operating system for multi-generational communities around the world, acquired Xento Systems, a Pune-based technology solutions provider. Xento Systems becomes Entrata India Private Limited. Entrata India specializes in software architecture for mobile, desktop and web applications and provides technology solutions exclusively for Entrata.
In November 2022, Sharebite, a food benefits platform designed for the modern workforce, has partnered with Envoy, the fastest evolving workplace platform for flexible working. According to a recent study on the impact of workplace benefits, companies are looking for efficient ways to feed their teams, and 97% of office professionals agree that lunch breaks improve work hours.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.
Influencing Trend:
The Growth in Deployment of Internet of Things (IoT) and Big Data Technology to Get Real-Time Information of Logistics
Market Growth Drivers:
High Demand Due to the Ability to Provide High Quality, Rapid, Accurate, Real-time Data, Continuously Increasing Global Trade and the Need to Control the Time-In-Transit and Increased Transportation Information and Supply Chain Visibility
Challenges:
Availability of New Advanced Technologies and Demand for High-End Processors
Restraints:
Specific Data Processing for Specific Software
Opportunities:
Growth in the Use of Cloud-Based Platforms and Increasing Demand for Software as a Service (SaaS)
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Package Tracking Software Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Package Tracking Software Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Package Tracking Software players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Package Tracking Software Study Sheds Light on
The Package Tracking Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Package Tracking Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Package Tracking Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.