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Logistics Services Software Market by Deployment and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 11
  • SKU: IRTNTR40172
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The logistics services software market share is expected to increase by USD 2.92 billion from 2021 to 2025, and the market’s growth momentum will accelerate at a CAGR of 10.4%.

This logistics services software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers logistics services software market segmentations by deployment (on-premise and cloud-based) and geography (APAC, North America, Europe, South America, and MEA). The logistics services software market report also offers information on several market vendors, including Accenture Plc, Blue Yonder Group Inc., BluJay Solutions Inc., Epicor Software Corp., Honeywell International Inc., Infor Inc., Manhattan Associates Inc., Oracle Corp., SAP SE, and The Descartes Systems Group Inc. among others.

What will the Logistics Services Software Market Size be During the Forecast Period?

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Logistics Services Software Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing adoption of 3pl and emergence of 5pl is notably driving the logistics services software market growth, although factors such as growing number of malfunction cases related to wms software may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the logistics services software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Logistics Services Software Market Driver

The increasing adoption of 3PL and emergence of 5PL is a major factor driving the global logistics services softwares market share growth. 3PL providers provide value-added services (VAS), such as inventory management, cross-docking, break-bulk, kitting and assembling, door-to-door delivery, and the packaging of products. Fifth-party logistics (5PL) solution providers organize, construct, and implement various logistics solutions. 5PL is widely used by e-business to achieve minimum cost targets. It can have a positive impact on the logistics industry, as it can reduce costs, lower inventory levels, and improve response to customer demands. Data analytics that is implemented in the logistics software solutions provides insight into tactical and strategic decisions and helps streamline the supply chain. This helps 5PL solution providers to offer just in time (JIT) and other consulting services to customers. Moreover, vendors also offer logistics software solutions for both the 3PL and 5PL business models for the real-time tracking and visibility of logistics services. Due to such reasons, it is estimated that the market will continue to grow significantly during the forecast period.

Key Logistics Services Software Market Trend

The integration of technologically advanced solutions is another factor supporting the global logistics services softwares market share growth. Operational inefficiencies in logistics management are a major concern for logistics companies across the world. To combat that, end-users are implementing logistics software solutions for transportation management, inventory management, and warehouse management. To capitalize on the growing adoption of logistics software solutions, vendors are introducing software solutions that have advanced technologies, such as AI. The use of AI in supply chain management solutions transforms warehousing operations, such as the collection and analysis of information and the processing of inventory. In addition, AI in the supply chain is used to predict the demand, plan demand and supply forecast, optimize warehouse management stock, and ensure accuracy in shipping to reduce lead time and transportation expenses Therefore, the integration of technologically advanced solutions in supply chain management will have a positive impact on the growth of the market during the forecast period.

Key Logistics Services Software Market Challenge

The growing number of malfunction cases related to WMS software will be a major challenge for the global logistics services softwares market share growth during the forecast period. The number of cases of malfunctioning logistics software solutions, which cause monetary loss and order delays for service providers, is increasing. Such incidents hamper service providers, as they result in financial losses and affect their reputation. For instance, in July 2019, The LCBO announced that deliveries were behind schedule due to the implementation of a WMS solution to provide inventory management. The increasing number of such cases has made service providers, especially small-scale and medium-scale service providers, reluctant to adopt such software solutions. Such obstacles will essentially restrict the growth of the global logistics services software market during the forecast period.     

This logistics services software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global logistics services software market as part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the logistics services software market during the forecast period.

Who are the Major Logistics Services Software Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Accenture Plc
  • Blue Yonder Group Inc.
  • BluJay Solutions Inc.
  • Epicor Software Corp.
  • Honeywell International Inc.
  • Infor Inc.
  • Manhattan Associates Inc.
  • Oracle Corp.
  • SAP SE
  • The Descartes Systems Group Inc.

 

This statistical study of the logistics services software market encompasses successful business strategies deployed by the key vendors. The logistics services software market is fragmented and the vendors are deploying growth strategies such as maintaining long-term partnerships with buyers to compete in the market.

Product Insights and News

  • Accenture Plc- The company offers logistics services consultation to Logistics companies to create value from process efficiencies and data-driven insights.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The logistics services software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Logistics Services Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the logistics services software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global application software market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

 

Which are the Key Regions for Logistics Services Software Market?

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35% of the market’s growth will originate from North America during the forecast period. US is the key market for logistics services software market in North America. Market growth in this region will be faster than the growth of the market in APAC, MEA and South America.

The increasing adoption of transportation management systems (TMS) software as well as warehouse management systems (WMS) software will facilitate the logistics services software market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

 

What are the Revenue-generating Deployment Segments in the Logistics Services Software Market?

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The logistics services software market share growth by the on-premise segment will be significant during the forecast period. On-premise logistics services software solutions are widely used by large organizations and e-commerce service providers that have a global presence, as they enable the control and ownership of the performance of hardware and software and the data generated and stored within the software. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the logistics services software market size and actionable market insights on post COVID-19 impact on each segment.

 

Logistics Services Software Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 10.4%

Market growth 2021-2025

$ 2.92 billion

Market structure

Fragmented

YoY growth (%)

14.53

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

North America at 35%

Key consumer countries

US, China, UK, Germany, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Accenture Plc, Blue Yonder Group Inc., BluJay Solutions Inc., Epicor Software Corp., Honeywell International Inc., Infor Inc., Manhattan Associates Inc., Oracle Corp., SAP SE, and The Descartes Systems Group Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Logistics Services Software Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive logistics services software market growth during the next five years
  • Precise estimation of the logistics services software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the logistics services software industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of logistics services software market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • 2.2 Market characteristics
      • Exhibit 01: Parent market
    • 2.3 Value chain analysis
      • Exhibit 02: Market characteristics
      • Exhibit 03: Value chain analysis - Application software market

    3 Market Sizing

    • 3.1 Market definition
      • 3.2 Market segment analysis
        • Exhibit 04: Offerings of vendors included in the market definition
      • 3.3 Market size 2020
        • 3.4 Market outlook: Forecast for 2020 - 2025
          • Exhibit 05: Market segments
          • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)

        4 Five Forces Analysis

        • Five forces summary 40
          • Bargaining power of buyers 41
            • Bargaining power of suppliers 43
              • Threat of new entrants 44
                • Threat of substitutes 45
                  • Threat of rivalry 46
                    • Market condition 48
                      • Market Segmentation by Deployment 49
                        • Market segments 50
                          • Comparison by Deployment 52
                            • On-premise - Market size and forecast 2020-2025 53
                              • Cloud-based - Market size and forecast 2020-2025 56
                                • Market opportunity by Deployment 59
                                  • Customer landscape 60
                                    • Geographic Landscape 62
                                      • Geographic segmentation 63
                                        • Geographic comparison 65
                                          • APAC - Market size and forecast 2020-2025 66
                                            • North America - Market size and forecast 2020-2025 69
                                              • Europe - Market size and forecast 2020-2025 72
                                                • South America - Market size and forecast 2020-2025 75
                                                  • MEA - Market size and forecast 2020-2025 78
                                                    • Key leading countries 80
                                                      • Market opportunity by geography 81
                                                        • Drivers, Challenges, and Trends 83
                                                          • Market drivers – Demand led growth 84
                                                            • Market challenges 87
                                                              • Market trends 90
                                                                • Vendor Landscape 93
                                                                  • Competitive scenario 94
                                                                    • Vendor landscape 95
                                                                      • Landscape disruption 96
                                                                        • Industry risks 97
                                                                          • Vendor Analysis 98
                                                                            • Vendors covered 99
                                                                              • Market positioning of vendors 101
                                                                                • Accenture Plc 103
                                                                                  • Blue Yonder Group Inc 106
                                                                                    • BluJay Solutions Inc 108
                                                                                      • Epicor Software Corp 110
                                                                                        • Honeywell International Inc 112
                                                                                          • Infor Inc 115
                                                                                            • Manhattan Associates Inc 117
                                                                                              • Oracle Corp 119
                                                                                                • SAP SE 121
                                                                                                  • The Descartes Systems Group Inc 123
                                                                                                    • Appendix 125
                                                                                                      • Scope of the report 126
                                                                                                        • Currency conversion rates for US$ 127
                                                                                                          • Research methodology 128

                                                                                                            Research Framework

                                                                                                            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                                                                                                            TechnavioINFORMATION SOURCES

                                                                                                            Primary sources

                                                                                                            • Manufacturers and suppliers
                                                                                                            • Channel partners
                                                                                                            • Industry experts
                                                                                                            • Strategic decision makers

                                                                                                            Secondary sources

                                                                                                            • Industry journals and periodicals
                                                                                                            • Government data
                                                                                                            • Financial reports of key industry players
                                                                                                            • Historical data
                                                                                                            • Press releases
                                                                                                            Technavio

                                                                                                            TechnavioDATA ANALYSIS

                                                                                                            Data Synthesis

                                                                                                            • Collation of data
                                                                                                            • Estimation of key figures
                                                                                                            • Analysis of derived insights

                                                                                                            Data Validation

                                                                                                            • Triangulation with data models
                                                                                                            • Reference against proprietary databases
                                                                                                            • Corroboration with industry experts
                                                                                                            Technavio

                                                                                                            TechnavioREPORT WRITING

                                                                                                            Qualitative

                                                                                                            • Market drivers
                                                                                                            • Market challenges
                                                                                                            • Market trends
                                                                                                            • Five forces analysis

                                                                                                            Quantitative

                                                                                                            • Market size and forecast
                                                                                                            • Market segmentation
                                                                                                            • Geographical insights
                                                                                                            • Competitive landscape
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                                                                                                            The logistics services software market market growth will increase by $2919.66 million during 2021-2025.
                                                                                                            The logistics services software market market is expected to grow at a CAGR of 10.4% during 2021-2025.
                                                                                                            Technavio has segmented the logistics services software market market by deployment (On-premise and Cloud-based) and geographic (APAC, North America, Europe, South America, and MEA).
                                                                                                            Accenture Plc, Blue Yonder Group Inc., BluJay Solutions Inc., Epicor Software Corp., Honeywell International Inc., Infor Inc., Manhattan Associates Inc., Oracle Corp., SAP SE, The Descartes Systems Group Inc. are a few of the key vendors in the logistics services software market market.
                                                                                                            North America will register the highest growth rate of 34.96% among the other regions. Therefore, the logistics services software market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                                                                                                            The key factors driving the logistics services software market market growth are:
                                                                                                            • Increasing adoption of 3PL and emergence of 5PL
                                                                                                            • Rise in number of strategic partnerships
                                                                                                            The logistics services software market market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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