Global Logistics Software Market Size By Type of Software, By Deployment Model, By End Users, By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

View Details Buy Now 2890 Download Sample Ask for Discount Request Customization

Logistics Software Market Size And Forecast

Logistics Software Market size was valued at USD 14.84 Billion in 2023 and is projected to reach USD 20.8 Billion in 2030 growing at a CAGR of 8.32% during the forecasted period 2024 to 2030.

The Logistics Software Market is basically a huge toolbox filled with software that helps businesses run their logistics and supply chains smoother. We're talking about tools for everyone involved, from the guys who actually move stuff (logistics service providers, carriers) to the companies sending and receiving (shippers, freight forwarders). Think of it like thisyou've got transportation management systems (TMS), warehouse management systems (WMS), software to keep track of inventory, ways to manage freight, optimize delivery routes, and even see exactly where your stuff is in the supply chain. A lot of this stuff uses cool tech like cloud computing, artificial intelligence, the Internet of Things (IoT), and even blockchain to make things faster, more transparent, and cheaper. You can do all sorts of things with it – process orders, track shipments, control inventory, manage your carriers, figure out what you'll need in the future, and get analytics to see what's working and what's not. It's all about making logistics run like a well-oiled machine and keeping your customers happy.

Global Logistics Software Market Drivers

The market drivers for the Logistics Software Market can be influenced by various factors. These may include

  • Growing Global Trade There is a growing need for effective logistics solutions due to the rise in global supply chains and international trade. The efficiency of international trade is increased when businesses use logistics software to handle intricate supply chains, optimise transportation routes, and streamline processes.
  • E-commerce Boom The need for efficient logistics solutions has grown dramatically as a result of the growth of e-commerce. Logistics software plays a critical role in helping e-commerce companies effectively manage inventory, order fulfilment, and last-mile delivery.
  • Supply Chain Visibility In supply chain management, end-to-end visibility is becoming more and more important. Real-time tracking and monitoring capabilities offered by logistics software give companies a greater understanding of their supply chains, which is essential for risk management and decision-making.
  • Technological Advancements Logistics software is becoming more capable thanks to innovations in fields like blockchain, IoT (Internet of Things), artificial intelligence, and machine learning. In logistics operations, these technologies enhance automation, data-driven decision-making, and predictive analytics.
  • Emphasis on Cost Reduction and Efficiency To cut expenses, improve productivity, and lower errors in supply chain operations, businesses are using logistics software more and more. Cost-saving measures include inventory management features, route optimisation, and automation features.
  • Regulatory Compliance In the logistics sector, the adoption of software solutions is driven by strict rules and compliance standards. Logistics software ensures seamless operations and helps businesses stay out of trouble by helping them comply with safety, transportation, and customs rules.
  • Growing Adoption of Cloud-Based systems More accessibility, scalability, and flexibility are offered by the move to cloud-based logistics systems. Cloud-based logistics software makes supply chain management more collaborative and agile by enabling firms to access real-time data from any location.
  • Customer Expectations for Faster Delivery As e-commerce and on-demand services grow in popularity, customers have higher expectations for deliveries that are dependable and happen faster. Businesses can satisfy consumer expectations for precise and timely deliveries, manage inventory effectively, and optimise delivery routes with the help of logistics software.
  • Sustainability Initiatives Increasingly, logistics operations are being impacted by environmental sustainability. Businesses are using logistics software to cut fuel costs, maximise carbon emissions, and optimise transportation routes.

Global Logistics Software Market Restraints

Several factors can act as restraints or challenges for the Logistics Software Market. These may include

  • High Implementation Costs Software licences, hardware, and training can all be very expensive up front when implementing logistics software. These expenses may prevent adoption for startups or companies with tighter budgets.
  • Integration Challenges It can be difficult to integrate logistics software with an organization’s current technology and systems. Compatibility problems and the requirement for customisation could be problematic, especially for companies that use outdated systems.
  • Security risks There are security risks while managing sensitive data, such as shipment information, customer information, and financial transactions. Businesses may be reluctant to use logistics software because they are concerned about cyberattacks and data leaks.
  • Opposition to Change When new logistics software is implemented, employees in companies may object to the modifications to existing procedures. Opposition to change can impede the software’s full benefits from being realised and slow down the implementation process.
  • Absence of Standardisation There are many parties involved in the logistics sector, and each has its own procedures and systems. The absence of industry standardisation can provide a difficulty for logistics software developers in developing solutions that are interoperable with all platforms.
  • Complexity of Global Supply Chains Managing multiple transportation networks and adhering to numerous foreign rules becomes more difficult as supply chains grow more global and complicated. Widespread adoption of logistics software may be hampered by its requirement to be flexible in a variety of regulatory contexts.
  • Limited IT Infrastructure in Some Areas The adoption of logistics software may be hampered in some areas, particularly in developing nations, by a weak IT infrastructure. Access to cutting-edge technology, dependable power sources, and high-speed internet might be major obstacles.
  • Issues with Data Privacy and Compliance A number of laws pertaining to data protection and privacy apply to the logistics sector. Compliance with these standards is a must for businesses that use logistics software, and it can be difficult to achieve, particularly when dealing with cross-border operations.
  • Dependency on Third-Party Providers A lot of logistics software solutions rely on outside sources for some features, like traffic statistics, weather reports, and mapping services. Reliances on outside suppliers may result in vulnerabilities and affect the software’s dependability.
  • Quick Changes in Technology The speed at which technology is developing raises questions about how long-lasting software solutions will be. If businesses think logistics software will become outdated rapidly, they can be reluctant to invest in it.

Global Logistics Software Market Segmentation Analysis

The Global Logistics Software Market is segmented based on Type of Software, Deployment Model, End Users, and Geography.

Logistics Software Market, By Type of Software

  • Transportation Management System (TMS) Software designed to optimize and manage the transportation operations of a company, including route planning, carrier selection, and freight auditing.
  • Warehouse Management System (WMS) Focuses on optimizing warehouse operations, including inventory management, order fulfillment, and tracking.
  • Supply Chain Planning (SCP) Encompasses tools for strategic planning, demand forecasting, and inventory optimization throughout the entire supply chain.
  • Visibility Software Provides real-time visibility into the entire supply chain, allowing companies to track shipments, monitor inventory levels, and enhance decision-making.
  • Freight Management Software Helps manage and optimize the movement of freight, often including features like freight rate quoting and carrier selection.

Logistics Software Market, By Deployment Model

  • On-Premises Software is installed and operated from the organization’s in-house server and computing infrastructure.
  • Cloud-Based Software is hosted and accessed over the internet, offering scalability and flexibility.

Logistics Software Market, By End Users

  • Manufacturing Companies involved in the production of goods.
  • Retail Businesses in the retail sector managing inventory and distribution.
  • Healthcare Involves the transportation and storage of medical supplies and equipment.
  • Automotive Companies dealing with the production and distribution of automotive parts and vehicles.
  • Aerospace and Defense Involves managing the complex supply chains in the aerospace and defense industries.

Logistics Software Market, By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Key Players

The major players in the Logistics Software Market are

  • SAP
  • Oracle
  • JDA Software Group
  • Manhattan Associates
  • Descartes Systems Group
  • BluJay Solutions
  • FarEye
  • Llamasoft
  • Omnitracs Roadnet
  • LogiNext Mile

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

SAP, Oracle, JDA Software Group, Manhattan Associates, Descartes Systems Group, BluJay Solutions, FarEye, Llamasoft, Omnitracs Roadnet, LogiNext Mile.

SEGMENTS COVERED

By Type of Software, By Deployment Model, By End Users And By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Analyst’s Take

So, what's the deal with logistics software? It's really taking off! We're seeing this massive surge in growth because supply chains are going global, e-commerce is booming, and things are just getting more complicated. Companies everywhere are waking up to the fact that good logistics software is key to staying ahead, being flexible, and keeping customers happy. Plus, everyone's got a mobile device now, they need to see what's happening in real-time, and they're looking for ways to be more sustainable. All this is fueling the fire! We expect to see even more growth as companies keep innovating. But, it's not all smooth sailing. Data security is a big worry, and making sure everything works together can be a pain. That's why partnerships, platforms that play nice, and easy-to-use interfaces are so important. Ultimately, the logistics software market is a goldmine for vendors who can help companies transform their supply chains and achieve some serious operational improvements.

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We'll take a good look at the market, breaking it down by different groups based on things like income and even things that aren't directly related to money. We'll also give you hard numbers (in USD Billion) showing the market value for each of these groups. We'll point out which region and group we think will grow the fastest and be the biggest. You'll get a breakdown by region, looking at how much of the product/service is being used and what's influencing the market in each area. Plus, we'll show you the competitive landscape, including who the big players are, what new things they've launched, and any partnerships or deals they've made in the last five years. We'll also provide detailed company profiles, with overviews, insights, how their products compare, and their strengths and weaknesses (SWOT). Expect a look at where the market is now and where it's headed, considering recent changes (like growth opportunities and challenges) in both new and established areas. We'll even analyze the market using Porter's five forces and explain the value chain. Finally, we'll lay out the market dynamics and future growth opportunities, and top it off with 6 months of analyst support after the sale.

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.

Related Reports

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

List Tables Figures

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

FAQ'S

For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:

sales@marketinsightsresearch.com

Within 24 to 48 hrs.

You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email

You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.

Discounts are available.

Hard Copy

Email