Shipping Software Market- Global Industry Analysis and forecast (2023 – 2029)

Shipping Software Market size is expected to reach nearly US $ 1481 Bn by 2029 with the CAGR of 8.4% during the forecast period.
Shipping Software Market Overview:
The shipping software is a single combined platform that aids organization in shipment tracking, coordinating, planning, and routing on a real-time basis in complex supply chain management. This software is helpful for both the business and the customer.

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Looking forward, the global shipping software market is projected to reach a value of US$ xx million by 2029, expanding at a CAGR of around 8.81% during 2023-2029 thanks to the developing E-Commerce industry. The explosive growth of the E-Commerce industry across the major countries have led to an augmented volume of shipments making it tough to handle with the traditional systems. Henceforth major companies in e-commerce and shipments have adopted  driving the growth of the  market globally.

Major players in the shipping industry adopted  fueling the growth of the global market. Various rules & regulation of different organization like customs, terminals, forwarders, and carriers were making old systems composite to use. On the flip side, the global shipping software market is hampered by a lack of technical expertise to manage complex software. Moreover, the adoption of shipping software among SMEs logistics is projected to provide a lucrative opportunity for the global shipping software market.
Segment Analysis:
The MMR report covers all segments in the shipping software market such as deployment and applications. Based on deployment, the cloud-based segment is estimated to account for 72% of the total market share in 2022 and is expected to grow at the highest CAGR of 9.23% during the forecast period. Key trends like artificial intelligence (AI), big data & predictive analysis are expected to rise in demand during 2023-2029. These trends will look to influence the cloud-based services as a large amount of data will be produced which would require safe storage, therefore boosting the demand for cloud-based software in the global  market.
Regional Insights:
Asia-Pacific shipping software market was valued at US$ xx Mn. in 2022 and is expected to reach a value of US$ xx Mn. by 2029, with a CAGR of 9.72% during the forecast period. The explosive development of the E-commerce companies in the APAC is the main driving factor of the growth. Such as, Amazon and Flipkart in India and Alibaba in China are major E-commerce companies that are using shipping software to manage their global supply chain. However, North America occupied the second largest market share of 25.11% in 2022 thanks to its early software adoption.

Competitive Landscape:

The MMR reports cover recent developments in the shipping software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies like product approvals, product launches, and others. Inorganic growth strategies activities witnessed in the  market were mergers & acquisitions and partnership & collaborations. Such as, Descartes Company acquired ShipTrack in Nov 2022, which provides shipment monitoring solutions and cloud-based mobile resource management.

In Aug 2022, The Descartes Systems Group Company announced an Internet based transportation management system (i.e. e-TMS). This system provides 3PLs and hosted transport management that contains multi-modal carrier assignment, transport order management, multi-modal rating engine, rate shopping, integrated invoicing accounting capabilities and load tendering.

The report also helps in understanding Global  Market dynamics, structure by analyzing the market segments and project the Global Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Shipping Software Market make the report investor’s guide.
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Shipping Software Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 842 Bn.


Forecast Period 2023 to 2029 CAGR:
8.4%
Market Size in 2029:
US $ 1481 Bn.


 Segments Covered:
by Deployment
Cloud Based
On-premise


by Component
Software
ecommerce Shipping
Freight Management Systems
Multi-carrier Shipping Systems
Shipment Tracking
Shipping Label
Services
Professional
Managed


by Application
Retail & E-commerce
3PL/ Contract Logistics
Courier & Postal Services
Freight/ Cargo Forwarding



Shipping Software Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Key players are:
1.Logistyx Technologies
2.AfterShip
3.Descartes System Group
4.EASYPOST
5.Interapptive, Inc.
6.Jolly Technologies Inc.
7.Kubix
8.Manhattan Associates
9.Mecalux
10.Metapack
11.Oracle Corporation
12.Ordoro, Inc.
13.Pitney Bowes
14.Proship Inc.
15.SAP SE
16.Shiphawk
17.ShippingEasy
18.ShipStation
19.Webgility Inc.
20.XPS Parcel
21.Others

Frequently Asked Questions:

1. Which region has the largest share in Global Shipping Software Market?
Ans: Asia-Pacific region holds the highest share in 2022.

2. What is the growth rate of Global Shipping Software Market?
Ans: The Global Shipping Software Market is growing at a CAGR of 8.4% during forecasting period 2023-2029.

3. What is scope of the Global Shipping Software market report?
Ans: Global Shipping Software Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Shipping Software market?
Ans: The important key players in the Global Shipping Software Market are – Logistyx Technologies, AfterShip, Descartes System Group, EASYPOST, Interapptive, Inc., Jolly Technologies Inc., Kubix, Manhattan Associates, Mecalux, Metapack, Oracle Corporation, Ordoro, Inc., Pitney Bowes, Proship Inc., SAP SE, Shiphawk, ShippingEasy, ShipStation, Webgility Inc., XPS Parcel, and Others

5. What is the study period of this market?
Ans: The Global Shipping Software Market is studied from 2022 to 2029.