Shipping Software Market Will Surpass USD 4.43 Billion by 2026
According to the report, The global shipping software market in 2019 was approximately USD 1.86 Billion. The market is expected to grow above a CAGR of 13.2% and is anticipated to reach over USD 4.43 Billion by 2026.
Shipping software is a tool that provides real-time access to all complete shipping information. It provides on time status i.e. delivery path, delivery status, customer information, etc. The software also allows supply chain players to improve profitability by smart management and thereby reduce costs per shipment. Hence, this method allows the organization of the supply chain to attain a greater profit margin. Rising import export trade is also expected to boom shipping software performance over the forecast period.
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The shipping software market research report delivers an acute valuation and taxonomy of the shipping software industry by practically splitting the market on the basis of different types, application and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the shipping software industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the shipping software industry is provided for the leading economies of the world.
The shipping software market is segmented based on type, application and region. On the basis of type segmentation, the market is classified into cloud-based, and on-premise. Based on application, the market is segregated into contract logistics, air & ocean forwarding, CEF, and others.
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Some of the essential players operating in the shipping software market, but not restricted to include Metapack, Stamps.com, ProShip Inc., Ship Solutions, Logistyx Technologies, ShipHawk, Pitney Bowes, Epicor Software Corporation, Pierbridge, Malvern Systems, ReadyCloud, LLC, Shippo, Teapplix, Temando, V-Technologies, WiseTech Global, and Others.
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