Logistics Software Market (Deployment - On-premise, and Cloud; Application - Transportation Management, Warehouse Management, Asset & Fleet Management, Data Management, and Others; End User - Healthcare, Oil & Gas, Automotive, Telecommunication and IT, Government & Defense, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

A recent report published by Infinium Global Research on the logistics software market provides an in-depth analysis of segments and sub-segments in the global as well as regional logistics software market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional logistics software market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global logistics software market. According to the report, the global logistics software market is projected to grow at a CAGR of 9.56% over the forecast period of 2021-2027.

Market Insight

The logistics software market was valued at USD 11.08 billion in 2020 and is expected to reach USD 15.76 billion in 2027, with a CAGR of 9.56% during the forecast period. Nowadays, logistics software is going through major changes that turn them in a different direction overall. It is used in transport management, logistic management, warehouse management, accounting management, vehicle/fleet management, inventory, and several other applications. The scope of logistics as a function itself has changed so dynamically and rapidly in the last decade.

The demand for logistics software is increasing as it allows the integration of transportation, material handling, packaging, inventory, and security associated with the supply chain process. The software also helps to manage and schedule the mailing, shipping, and tracking of packages, equipment, and letters. It enables logistics and supply chain companies to leverage innovative technologies for superior real-time fleet management, efficient communication, and better customer service. The software is capable of integration with most existing business applications as well as it helps to simplify the production cycles and make them more accessible. It is ideal for any organization wanting to optimize its operations and focus on Digital transformation and thriving digitally. However, security and safety concern about logistics software hampers the market growth. Moreover, the emergence of digital technology in developing regions is providing growth opportunities to the market players.  The effects of COVID-19 have been quick and substantial on the global logistics software. The pandemic is shifting the global dynamics and resulted in being a major disrupter. The application industries are majorly affected by the coronavirus. Manufacturing companies across the world are now focusing on developing plans to decrease the aftershocks of this pandemic. The lockdown and restrictions by governments have led to significant distress to supply bases, assembly plant closures, as well as further downshift to the declining consumer demand.

Geographically, North America dominated the global logistics software market in 2020 and is projected to remain dominant during the forecast period owing to the rise in spending on transportation & logistics. Asia-Pacific is expected to grow at the fastest rate in the global logistics software market over the forecasted period. Asia-Pacific region is the largest manufacturer of electronics worldwide as the countries such as Thailand, South Korea, Taiwan, China, and others have advanced electronic manufacturing facilities. China is known as the factory of the world and the country holds the largest market share in the Asia-Pacific logistics software market. Thus logistics and transportation play a huge role in this region. This is expected to result in huge demand for logistics automation.

Segment Covered

The report on the global logistics software market covers segments such as deployment, application, and end user. On the basis of deployment, the sub-markets include on-premise, and cloud. On the basis of application, the sub-markets include transportation management, warehouse management, asset & fleet management, data management, and others. On the basis of end user, the sub-markets include healthcare, oil & gas, automotive, telecommunication and IT, government & defense, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Advantech Corporation, SAP AG, Tech Mahindra, Digilogistics, Samsung Electronics Co, IBM Corporation, UTI Worldwide Inc., Oracle, Hexaware Technologies, and JDA Software.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the logistics software market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.