Logistics Services Software Market 2020 Global Scope Status, Industry Overview by Key Players, Demand and Supply, Ongoing Trends Forecast to 2024 – By Industry Research.co - Supply Chain Council of European Union

The “Logistics Services Software Market” report is a valuable source of perceptive data for business strategists that provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data. The prime objective of this keyword market research report is to define the size of the different segments and the geographies as well as to industry trends during the forecast period. Some of the key strategies engaged by leading key players effective in the market and their impact analysis have been included in this research report.

Global Logistics Services Software market size is estimated to grow at CAGR of almost 9% with Revenue USD 2.33 billion during the forecast period 2020-2024. The “YOY (year-over-year) growth rate for 2020 is estimated at 8.16%” by the end of 2024.

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About Logistics Services Software Market:

Logistics Services Software Market analysis considers sales from both WMS and TMS applications. Our study also finds the sales of logistics services software in APAC, Europe, MEA, North America, and South America. In 2019, the WMS segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increased employee productivity and efficiency will play a significant role in the WMS segment to maintain its market position. Also, our global logistics services software market report looks at factors such as increasing adoption of 3PL and the emergence of 5PL, rising PE investments in logistics industry, and growth of e-commerce. However, the growing number of malfunction cases related to WMS software, data security, and privacy issues, high deployment cost of on-premise software may hamper the growth of the logistics services software industry over the forecast period.

Key Players Mentioned in the Logistics Services Software Market Report:

BluJay Solutions Ltd.

E2open LLC

Epicor Software Corp.

Infor Inc.

JDA Software Group Inc.

Manhattan Associates Inc.

Oracle Corp.

SAP SE

The Descartes Systems Group Inc.

and WiseTech Global Ltd.

Logistics Services Software Market Segment by Regions:

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Market Dynamics of Logistics Services Software Market:

Driver: Growth In The E-Commerce Industry

Trends: Rise In The Number Of Strategic Partnerships

Challenges: High Deployment Cost Of On-Premise Software

Growth in the e-commerce industry

Logistics software solutions are used in the e-commerce sector for transportation and warehouse management. Such solutions provide e-commerce companies updates about the stock and freight forwarding. The adoption of WMS software solutions helps users save time and improve the efficiency of checking stock and new shipments on a daily and monthly basis. Furthermore, these solutions enable e-commerce service providers to track consumer behavior and purchase patterns. Therefore, the growing e-commerce industry will lead to the expansion of the global logistics services software market at a CAGR of almost 9% during the forecast period.

Rise in number of strategic partnerships

Vendors are forming strategic partnerships with market participants, such as software providers and technology platform providers, that operate in a wide range of industries, such as industrial manufacturing, pharmaceuticals, automobile, aerospace and defense, and oil and gas. Strategic partnerships and collaborations enable vendors to expand their product portfolios and develop products and solutions that cater to a wide range of industries. For instance, Porsche AG (Porsche) announced a new strategic partnership with SAP a software provider. The aim of the partnership was to provide joint innovation in the digital transformation of their production, logistics, and ordering processes. This development is expected to have a positive impact on the overall market growth.

Logistics Services Software Market Report Highlights: –

Accurate market size and CAGR forecasts for the period 2020-2024
Identification and in-depth assessment of growth opportunities in key segments and regions
Detailed company profiling of top players of the Logistics Services Software market
Exhaustive research on innovation and other trends of the Logistics Services Software market
Reliable industry value chain and supply chain analysis
Comprehensive analysis of important growth drivers, restraints, challenges, and growth prospects

The Report Covers Comprehensive Analysis on: