About Logistic Software
The logistics software eases the operations by refining the production cycle and enables to access important information at no time. It helps businesses manage the important process involved in logistics management. The process involves the production cycle from the delivery of raw material to shipping the products to the customers. The popularity of software has widely increased among the organizations that require logistics to deal with a wider scope of operations and processes.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Logistic Software 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 Logistic Software 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. 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.
IBM (United States), Oracle Corporation (United States), Soloplan GmbH (Germany), 1SHIFT Logistics (Canada), Blue Yonder Group, Inc. (United States), Advantech Corporation (Taiwan), Valsoft (Valsef Capital) (Canada), Ramco Systems (India), UTi Worldwide, Inc (United States) and DigiLogistics Technology Ltd. (Hong Kong) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Onfleet (United States), Intexsoft (Germany) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Logistic Software market by and Region.
On the basis of geography, the market of Logistic 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). If we see Market by Platform, the sub-segment i.e. Desktop will boost the Logistic 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 Logistic Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Rating and Billing will boost the Logistic Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Third-party Logistics (3PL) Providers will boost the Logistic Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Use of AI in Logistics Software and The Demand for Logistics has Increased with the Widespread Popularity of E-commerce
Market Growth Drivers:
The demand for managing the flow of information, production, material handling, transportation, delivery, warehousing, and packaging. And with the digitalization in logistics processes and resources, this management is possible eliminating human errors leading to efficiency in the logistics industry.
Challenges:
Competition in Logistics Software with Presence of Substitute Solutions
Restraints:
Privacy and Security Related Concern with Logistics Software
Opportunities:
Improvement in Collaboration of Processes that Govern the Logistics and Supply Chain and Advancements in Logistics Software Development
Market Leaders and their expansionary development strategies
In February 2023, IBS Software, a leading SaaS solutions provider to the travel industry globally, has announced the completion of a transaction to acquire Accenture Freight and Logistics Software (AFLS). AFLS provides technology platforms to help airline and ocean transportation companies manage their freight operations and grow through digital transformation and innovation.
In February 2020, Valsoft announced the acquisition of Young & Partners / Navitrans International NV a technology leader offering integrated suite of logistics, transportation, warehousing, and freight forwarding software solutions. This acquisition will help Valsoft assisting the clients in fixing the day to day problems and operational pain points, it will help expand the new market.
Key Target Audience
Logistic Software Developers, Research and Development Institutes, Industry Associations, Third-party Logistics Service Providers, Potential Investors, Exporters and Importers, Regulatory Bodies 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.