Report Description
The global logistic software market size was USD 20.26 Billion in 2022 and is likely to reach USD 50.17 Billion by 2031 , expanding at a CAGR of 10.6% during 2023–2031. The growth of the market is attributed to growing e-commerce industry across the globe.
Logistics software is used in the supply chain process to integrate material handling, inventory, transportation, security, and packaging. Logistics software is used in supply chain management, and it aids in increasing profit margins and decreasing time to provide a company a competitive advantage in the market.
Logistics software enables firms in managing the assembly of pieces that go into the production process, from arranging for raw material supply to distributing final products to consumer outlets. Businesses use logistics software to automate the administration of transportation-related data to make an examined and educated choice.
The COVID-19 pandemic negatively affected every part of the world and lowered the growth rate of the economy. The demand for business process software in the global logistics services software industry declined during the COVID-19 lockdown, but it is projected to increase after the pandemic. Many organizations are using the work from home module during the pandemic. Businesses are reducing their investments in new technologies and services to maintain profitability. Majority of small firms had to shut down their operations, due to lack of money.
Market Trends, Drivers, Restraints, and Opportunities
-
Increasing demand for operational efficiency is expected to drive the market.
-
Emergence of IoT connecting devices is projected to propel the market during the forecast period.
-
Lack of data management is anticipated to hinder the market.
-
Logistics security and safety issues are expected to hamper the market in the coming years.
-
Increasing logistics transparency and rising innovation in mobile technologies are projected to create lucrative opportunities for market players.
Scope of Logistic Software Market Report
The report on the global logistic software market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
|
Details
|
Report Title
|
Logistic Software Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
Base Year
|
2022
|
Historic Data
|
2016–2021
|
Forecast Period
|
2023–2031
|
Segmentation
|
Types (Data Management, Transportation Management, Warehouse Management, and Labor Management), and End-users (Healthcare, Government & Defense, Automotive, Telecommunication & IT, Industrial, Engineering & Manufacturing, Oil & Gas and Others)
|
Regional Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
Key Players Covered in the Report
|
WorkWave LLC; Trimble, Inc.; SoftCore Solutions Pvt, Ltd.; Nova Transport; Acumatica, Inc.; Ramp Systems; HighJump; Logistics Viewpoints; Linbis, Inc.; Soloplan GmbH; Magaya Corporation; Descartes System Group, Inc.; SBT Logistics; NetSuite, Inc.; Wersel Logistic Software; and Modaltrans
|
Logistic Software Market Segment Insights
Transportation Management segment to expand at a considerable CAGR
On the basis of types, the logistic software market is segmented into data management, transportation management, warehouse management, and labor management. The transportation management segment is projected to expand at a considerable CAGR during the forecast period, due to increasing use of intelligent wireless connectivity and smart sensor technology solutions to gain real time information about transport vehicles. The warehouse management segment is anticipated to account for a major market share during the forecast period, as it aids in proper management of labor and saves time and cost.
Automotive segment to hold a significant share of the market
Based on end-users, the market is divided into healthcare, government & defense, automotive, telecommunication & IT, industrial, engineering & manufacturing, oil & gas, and others. The automotive segment is expected to hold a significant share of the market in the coming years, due to increasing number of high-tech vehicles. The telecommunication & IT segment accounts for a significant market share, owing to growing e-commerce industry across the globe.
North America is anticipated to constitute a key market share
In terms of regions, the logistic software market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the forecast period, owing to emergence of IoT connecting devices in the region. The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, due to increasing demand for operational efficiency in the region.
Segments
The global logistic software market has been segmented on the basis of
Types
- Data Management
- Transportation Management
- Warehouse Management
- Labor Management
End-users
- Healthcare
- Government & Defense
- Automotive
- Telecommunication & IT
- Industrial
- Engineering & Manufacturing
- Oil & Gas
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- WorkWave LLC
- Trimble, Inc.
- SoftCore Solutions Pvt, Ltd.
- Nova Transport
- Acumatica, Inc.
- Ramp Systems
- HighJump
- Logistics Viewpoints
- Linbis, Inc.
- Soloplan GmbH
- Magaya Corporation
- Descartes System Group, Inc.
- SBT Logistics
- NetSuite, Inc.
- Wersel Logistic Software
- Modaltrans
Competitive Landscape
Key players competing in the global logistic software market are WorkWave LLC; Trimble, Inc.; SoftCore; Solutions Pvt, Ltd.; Nova Transport; Acumatica, Inc.; Ramp Systems; HighJump; Logistics Viewpoints; Linbis, Inc.; Soloplan GmbH; Magaya Corporation; Descartes System Group, Inc.; SBT Logistics; NetSuite, Inc.; Wersel Logistic Software; and Modaltrans.
Software services and solutions that link logistics are proved to be efficient for gaining optimum production with minimal utilization of resources. Organic growth strategies, acquisitions, and collaborations are being prioritized by a large number of companies.
Frequently Asked Questions
Key players competing in the global logistic software market are WorkWave LLC; Trimble, Inc.; SoftCore; Solutions Pvt, Ltd.; Nova Transport; Acumatica, Inc.; Ramp Systems; HighJump; Logistics Viewpoints; Linbis, Inc.; Soloplan GmbH; Magaya Corporation; Descartes System Group, Inc.; SBT Logistics; NetSuite, Inc.; Wersel Logistic Software; and Modaltrans.
North America is expected to constitute a key share of the market during the forecast period.
The global logistic software market is anticipated to expand at a CAGR of 10.6% during the forecast period, 2023–2031.
Increasing demand for operational efficiency is expected to drive the market.
The global logistic software market size was valued at around USD 20.26 billion in 2022.
Table Of Content
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Logistic Software Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Logistic Software Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Logistic Software Market - Supply Chain
4.5. Global Logistic Software Market Forecast
4.5.1. Logistic Software Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Logistic Software Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Logistic Software Market Absolute $ Opportunity
5. Global Logistic Software Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Logistic Software Market Size and Volume Forecast by Types
5.3.1. Data Management
5.3.2.
Transportation Management
5.3.3.
Warehouse Management
5.3.4.
Labor Management
5.3.5.
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Logistic Software Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Logistic Software Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Logistic Software Demand Share Forecast, 2019-2026
7. North America Logistic Software Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Logistic Software Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Logistic Software Market Size and Volume Forecast by Types
7.4.1. Data Management
7.4.2.
Transportation Management
7.4.3.
Warehouse Management
7.4.4.
Labor Management
7.4.5.
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Logistic Software Demand Share Forecast, 2019-2026
8. Latin America Logistic Software Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Logistic Software Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Logistic Software Market Size and Volume Forecast by Types
8.4.1. Data Management
8.4.2.
Transportation Management
8.4.3.
Warehouse Management
8.4.4.
Labor Management
8.4.5.
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Logistic Software Demand Share Forecast, 2019-2026
9. Europe Logistic Software Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Logistic Software Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Logistic Software Market Size and Volume Forecast by Types
9.4.1. Data Management
9.4.2.
Transportation Management
9.4.3.
Warehouse Management
9.4.4.
Labor Management
9.4.5.
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Logistic Software Demand Share Forecast, 2019-2026
10. Asia Pacific Logistic Software Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Logistic Software Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Logistic Software Market Size and Volume Forecast by Types
10.4.1. Data Management
10.4.2.
Transportation Management
10.4.3.
Warehouse Management
10.4.4.
Labor Management
10.4.5.
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Logistic Software Demand Share Forecast, 2019-2026
11. Middle East & Africa Logistic Software Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Logistic Software Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Logistic Software Market Size and Volume Forecast by Types
11.4.1. Data Management
11.4.2.
Transportation Management
11.4.3.
Warehouse Management
11.4.4.
Labor Management
11.4.5.
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Logistic Software Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Logistic Software Market: Market Share Analysis
12.2. Logistic Software Distributors and Customers
12.3. Logistic Software Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. WorkWave LLC
12.4.2.
Trimble, Inc.
12.4.3.
SoftCore Solutions Pvt, Ltd.
12.4.4.
Nova Transport
12.4.5.
Acumatica, Inc.
12.4.6.
Ramp Systems
12.4.7.
HighJump
12.4.8.
Logistics Viewpoints