Logistics Services Software: Introduction
- Logistics services software is a computer program that permits the integration of material handling, transportation, inventory, packaging, and security linked with the supply chain process.
- Logistics services software helps the companies to process the production cycle run smoothly, and it assists businesses to manage the assembly of elements that go into the production process, comprising arranging for the delivery of raw material to shipping finished products to consumer outlets
- Logistics services software is mostly used in supply chain management and it helps to boost the profit margins and reduce the time to give the business a competitive advantage in the market.
- Logistics services software allows businesses to automate the administration of transport-related data so that it can be analyzed, and the company can make an informed decision based on the analysis
Logistic Services Software Market: Dynamics
Logistic Services Software Market: Key Drivers
- Logistic services software is used by many companies to upgrade and make a more productive business model for delivering, sourcing, returning, and enabling processes to improve the supply chain performance.
- Logistic services software is used to increase the delivery speed of essential goods, and by helping in the selection of the most effective shipping services, and the software helps to reduce the delivery times and production cycle.
- Logistic services software helps in calculating the complicated numbers that are necessary for analyzing transportation data which was not only lengthy, but was also too often subject to human errors that frequently ended up costing the company a great deal of money.
- Logistic service software becomes coordination of supply chain and a core integration owing to complete effective analytical breakdowns of customers’ satisfaction and logistics automated operations to create better business opportunities for solution providers.
High initial investment and lack of awareness in small & medium enterprises expected to hinder growth of the market
- Small & medium-sized enterprises are budget constrained and cannot afford high initial investments for adopting outsourced connective management technologies, which restrains the market.
- Lack of awareness about the benefit of logistics services software tools among small & medium enterprises is also expected to hamper the growth of the market.
Impact of COVID-19 on the Global Logistic Services Software Market
- Most companies are adopting the work from home module during the pandemic period. Companies are decreasing their investment in new technologies and services to manage their profitability. Most small businesses closed their business process due to lack of funds to sustain in the market.
- Demand for business process of global logistic services software market is decreasing during the COVID-19 lockdown situation but is expected to grow after the pandemic situation.
North America to Hold Major Share of the Global Logistic Services Software Market
- North America dominated the global logistic services software market in 2020. The U.S. is a key market in the adoption of new technologies. Strong financial position enables the country to invest heavily in the adoption of leading tools and technologies to ensure business operations.
- The global logistic services software market in Asia Pacific is expected to expand the fastest during the forecast period due to increasing investment by major players to provide the services across the region and also due to the increasing adoption of outsourced business process services in commercial sectors
Key Players Operating in the Global Logistic Services Software Market Include:
- Linbis, Inc.
- Soloplan GmbH
- Magaya Corporation
- Descartes System Group, Inc.
- SBT Logistics
- NetSuite, Inc.
- Wersel Logistic Software
- Modaltrans
- WorkWave LLC
- Trimble, Inc.
- SoftCore Solutions Pvt, Ltd.
- Nova Transport
- Acumatica, Inc.
- Ramp Systems
- HighJump
- Logistics Viewpoints
Global Logistics Services Software Market: Research Scope
Global Logistics Services Software Market, by Platform
- Application Management
- Connectivity Management
- Device Management
Global Logistics Services Software Market, by Services
- Professional Service
- Consulting Service
- Support and Maintenance
- Managed Service
- Integration and Deployment
Global Logistics Services Software Market, by Transport Mode
- Seaway
- Airway
- Railway
- Roadway
Global Logistics Services Software Market, by Verticals
- Manufacturing
- Telecom and IT
- Retail
- Manufacturing
- Oil & Energy and Gas
- Automotive
- Chemicals
- Food and Beverage
- Aerospace and Defense
- Others
Global Logistics Services Software Market, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- France
- U.K.
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
