Logistic Software Market Future Growth, Opportunities, Analysis And Forecast By 2027
Summary:
A new study title “Logistic
Software market size, status and forecast 2027” has been featured on
market research future.
Logistic Software Market Highlights:
According to Market Research Future (MRFR), The global logistic software
market is estimated to reach approximately USD 17.76 billion, with 8.20% CAGR
from 2017 to 2023 (forecast period). The report assesses the effect of the
COVID-19 pandemic on the global logistic software market and provides a
reliable estimation of the anticipated fluctuations in demand over the forecast
period.
Logistic
Software Market is designed to provide logistics providers with the tools they need to
help in the execution and management of their product delivery business.
Logistics software includes the integration of information, transport,
inventory, warehousing, material handling and packaging, and occasionally
security.
Major Key Players:
The key participants identified by MRFR operating in the global logistic
software market include- Advantech Corporation, Digilogistics, UTI Worldwide
Inc., Hexaware Technologies, IBM Corporation, JDA Software, Oracle, Samsung
Electronics Co, SAP AG, and Tech Mahindra among others.
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The global logistic software market is intensely competitive. Different
well-established international brands, domestic brands, and new entrants shape
a competitive landscape. The main players are actively pursuing market growth
through various strategic mergers and acquisitions, innovation, increased
investment in research and development, and a cost-effective software
portfolio. The logistics software industry is extremely competitive due to the
involvement of many major vendors.
Market Dynamics:
The penetration of sectors such as defense, healthcare, automotive, etc.
is expected to contribute to the global market's growth in the near future. In
addition, the growing demand for advanced supply chain management solutions in
end-user industries is expected to contribute to market growth over the
assessment period.
Furthermore, factors such as advantages in the use of logistics software
such as cost and time savings, efficient labor management, and the advent of
digital technology in emerging regions are rising demand for the logistics
software market. Nonetheless, growing security and safety issues are factors
that may impede the growth of the overall market.
Market Segmentation:
The global logistic software market has been segmented into software
type and end-user.
·
Based on software type, the global logistic software market has been
segmented into warehouse management, labor management, transportation
management, and data management.
·
Based on applications, the global logistic software market has been
segmented into automotive, government & defense, healthcare, IT and
telecommunication, industrial, engineering and manufacturing, oil & gas,
and others.
Regional Analysis:
Geographically, the global logistic software market has been segmented
into North America, Europe, Asia Pacific, and the Rest of the World.
North America, followed by Europe, is expected to dictate the growth
curve of the global logistics software industry. The region is likely to
prosper due to the introduction of advanced technologies in the U.S. and
Canada. The rising rate of expansion of the export sector in the region has
spurred the industry's growth pattern. It is projected to follow a similar
trend in the coming years. The need for effective supply chain management is
also expected to fuel the logistics software market's growth in the near
future.
In Europe, Germany, the Netherlands, Sweden, the U.K., and Belgium are
expected to drive the proliferation of the regional market. The growth of the
transport sector in the region is expected to contribute to the expansion of
the regional market in the years to come. However, the expansion of trade
between European nations and the rest of the world is expected to affect the
growth of the logistics software industry positively. The Asia Pacific is
projected to prosper due to the expansion of the automotive industry in the
region. Furthermore, industrialization in the region is anticipated to augment
the logistic software market in the region for the efficient supply chain
management.
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Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope
of Study
1.2.1 Research
Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market
Structure
2 Research Methodology
2.1 Research
Network Technology Software
2.2 Primary
Research
2.3 Secondary
Research
2.4 Forecast
Model
2.4.1 Market
Data Collection, Analysis & Forecast
2.4.2 Market
Size Estimation
Continued…..
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List of Tables
Table 1 Logistic Software Market, By Software
Type
Table 2 Logistic Software Market, By End-User
Table 3 Logistic Software Market, By Geography
Continued…..
List of Figures
Figure 1 Research Methodology
Figure 2 Logistic Software Market, By Software
Type (%)
Figure 3 Logistic Software Market, By End-User
(%)
Continued…..
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