Third Party Logistics Software Market by Deployment and Geography - Forecast and Analysis 2022-2026

The Third-Party Logistics Software Market is projected to grow by USD 579.54 million with a CAGR of 9.48% during the forecast period 2021 to 2026.

This Third Party Logistics (3PL) Software Market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the Third-Party logistics software market segmentations by deployment (cloud and on-premise) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The Third-Party logistics software market report also offers information on several market vendors, including Agiliron, Blue Yonder Group Inc., Cadre Technologies Inc., Camelot 3PL Software, CartonCloud, Dassault Systemes SE, Descartes Systems Group Inc., E2open Parent Holdings Inc., Epicor Software Corp., Fishbowl, HighJump Software Inc., Infor Inc., International Business Machines Corp., Logiwa Inc., Logixgrid Technologies Pvt. Ltd., Manhattan Associates Inc., Oracle Corp., SAP SE, Softeon, and The Access Group among others.

What will the Third-Party Logistics Software Market Size be During the Forecast Period?

Download Report Sample to Unlock the Third-Party Logistics Software Market Size for the Forecast Period and Other Important Statistics

 

Third-Party Logistics Software Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the third-party logistics software market.

Key Third-Party Logistics Software Market Driver

Rising private equity (PE) investments in the logistics industry are one of the key factors driving the global third-party logistics (3PL) software market growth. The rising levels of PE investments in the logistics industry are driving the growth of the global 3PL software market. In the logistics industry, PE investments help in asset acquisition, which is needed for a strong asset-based business model. As significant capital investments are required in the logistics industry, PE investments help companies expand their business operations and produce synergies from joint ventures (JVs) and strategic partnerships. Spending on transportation, inventory carrying, and other shipping-related activities has reached its highest level. About two-fifths of the overall cost of logistics is associated with last-mile delivery. Hence, logistics service providers are coming up with innovative solutions to deliver packages within cities. Logistics software combines next-generation IT solutions, such as analytics, cloud computing, and blockchain technology. Growing PE investments in logistics across the world and the rising adoption of digitalization will increase the demand for 3PL software solutions during the forecast period.

Key Third-Party Logistics Software Market Trend

The integration of technologically advanced solutions will fuel the global third-party logistics software market growth. Operational inefficiencies in logistics management are a major concern for logistics companies across the world. Therefore, 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 demand, plan demand and supply forecasts, optimize warehouse management stock, and ensure accuracy in shipping to reduce lead time and transportation expenses. The use of efficient and proactive solutions that incorporate advanced technologies saves manual effort, time, and cost. Therefore, the integration of technologically advanced solutions in supply chain management will positively impact the growth of the market in focus during the forecast period.

Key Third-Party Logistics Software Market Challenge

The growing instances of cargo theft are the major challenge to the global third-party logistics software market growth. Cargo theft is a growing concern across the world, which adversely affects businesses and consumers. The advent of globalization has encouraged businesses to extend their reach and offer their products in various parts of the world. However, this may lead to the cargo being stolen at any point between its dispatch after manufacturing and its delivery to the customer, thereby compromising its delivery and integrity. The demand for black-market goods has increased due to the global economic crisis, which, in turn, has spurred the number of cargo thefts. In the US, cargo worth approximately $22.5 billion is stolen every year. In addition, apart from the financial damage caused to carriers, shippers, consumers, and manufacturers, the revenue generated by cargo theft is also used for funding illegal or unlawful activities. Hence, the growing instances of cargo theft will negatively impact the profitability and brand image of vendors, which, in turn, will hamper the growth of the global 3PL software market during the forecast period.

This Third Party Logistics 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 2022-2026.

Parent Market Analysis

Technavio categorizes the global third-party logistics software market as a part of the global application software market within the global IT 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 Third-Party logistics software market during the forecast period.

Who are the Major Third-Party Logistics Software Market Vendors?

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

 

• Agiliron
• Blue Yonder Group Inc.
• Cadre Technologies Inc.
• Camelot 3PL Software
• CartonCloud
• Dassault Systemes SE
• Descartes Systems Group Inc.
• E2open Parent Holdings Inc.
• Epicor Software Corp.
• Fishbowl
• HighJump Software Inc.
• Infor Inc.
• International Business Machines Corp.
• Logiwa Inc.
• Logixgrid Technologies Pvt. Ltd.
• Manhattan Associates Inc.
• Oracle Corp.
• SAP SE
• Softeon
• The Access Group

 

This statistical study of the Third-Party logistics software market encompasses successful business strategies deployed by the key vendors. The Third-Party logistics software market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• manh.com - The company offers third-party logistics software that enables the synchronization of inbound and outbound shipments and the optimization of routes for cost efficiency.

To make the most of the opportunities and recover from the 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 3PL Software Market report contains comprehensive market knowledge and an in-depth vendor landscape add-on to an analysis of the key vendors.

Third-Party Logistics Software Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the Third-Party logistics software market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

The value chain of the global IT 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 other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Third-Party Logistics Software Market?

For more insights on the market share of various regions Request PDF Sample now!

42% of the market’s growth will originate from North America during the forecast period. The US is the key market for the Third Party Logistics (3PL) Software Market in North America. Market growth in this region will be slower than the growth of the market in regions.

Rising private equity (PE) investments in the logistics industry will facilitate the Third-Party logistics 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.

COVID-19 Impact and Recovery Analysis

Countries in North America including the US, Canada, and Mexico witnessed a significantly high number of COVID-19 cases in 2020. The outbreak of the pandemic thus compelled the governments of these countries to implement a lockdown in 2020.  Additionally, amid the lockdown, most activities, including transportation were halted, hampering the demand for third-party logistics services in 2020. Therefore, the regional 3PL software market in North America witnessed a slump in 2020. However, lockdown restrictions were lifted in a large number of countries in 2021 as a consequence of large-scale vaccination drives. This allowed the resumption of production activities across end-user industries along with transportation activities, which, in turn, is further expected to fuel the growth of the 3PL software market in North America during the forecast period.

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

To gain further insights on the market contribution of various segments Request a PDF Sample

The Third-Party logistics software market share growth in the cloud segment will be significant during the forecast period. The global 3PL software market is undergoing a technological shift owing to the emergence of cloud-based deployments. The cloud-based segment is estimated to grow steadily, owing to the digitization of businesses and the expanding geographical presence of logistics service providers. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the 3PL Software Market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Third-Party Logistics Software Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 9.48%
Market growth 2022-2026	$579.54 million
Market structure	Fragmented
YoY growth (%)	8.39
Regional analysis	North America, Europe, APAC, South America, and the Middle East and Africa
Performing market contribution	North America at 42%
Key consumer countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Agiliron, Blue Yonder Group Inc., Cadre Technologies Inc., Camelot 3PL Software, CartonCloud, Dassault Systemes SE, Descartes Systems Group Inc., E2open Parent Holdings Inc., Epicor Software Corp., Fishbowl, HighJump Software Inc., Infor Inc., International Business Machines Corp., Logiwa Inc., Logixgrid Technologies Pvt. Ltd., Manhattan Associates Inc., Oracle Corp., SAP SE, Softeon, and The Access Group
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, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Third-Party Logistics Software Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive Third-Party logistics software market growth during the next five years
• Precise estimation of the Third-Party logistics software market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the Third-Party logistics software industry across North America, Europe, APAC, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of Third-Party logistics software market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch