Logistics Services Software Market to grow at a CAGR of 8.94% from 2021 to 2026|Increasing adoption of 3PL and the emergence of 5PL to drive the market growth -Technavio

NEW YORK, July 19, 2023 /PRNewswire/ -- The logistics services software market is to grow by USD 2.88 billion at a CAGR of 8.94% from 2021 to 2026, according to the latest research report from Technavio. Discover Application Software industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

The logistics services software market covers the following areas:

• Logistics Services Software Market Sizing
• Logistics Services Software Market Forecast
• Logistics Services Software Market Analysis

Vendor Landscape

The logistics services software market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Vendor Offering

• Blue Yonder Group Inc. - The company offers logistics services software such as Blue Yonder luminate logistics.
• BluJay Solutions Inc. - The company offers logistics services software such as BluJay parcel shipping management software.
• Epicor Software Corp - The company offers logistics services software such as supply chain management solutions.

For the market's vendor landscape highlights with a comprehensive list of vendors and their offerings - View Sample in minutes

Key Market Segmentation

The market is segmented by deployment (on-premise and cloud-based) and geography (North America, Europe, APAC, the Middle East and Africa, and South America).

The market share growth by the on-premise segment will be significant during the forecast period. These solutions are widely used by large organizations and e-commerce service providers as they are present globally and their employee strength is also high. The adoption of these solutions is increasing among organizations because they enable the control and ownership of the performance of hardware and software and the data generated and stored within the software. Hence, these factors are expected to drive segment growth during the forecast period.

View Sample Report in minutes for more highlights into the market segments.

Regional Market Outlook

North America is estimated to contribute 35% to the growth of the global market during the forecast period. The US will be the key contributor to market growth in North America. This growth in the region is due to the increasing adoption of transportation management systems (TMS) software as well as warehouse management systems (WMS) software. Hence, these factors are expected to drive market growth in the region during the forecast period.

For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report

Companies Mentioned

• Accenture Plc
• Blue Yonder Group Inc.
• BluJay Solutions Inc.
• Descartes Systems Group Inc.
• E2open LLC
• Epicor Software Corp
• Fishbowl
• Honeywell International Inc.
• International Business Machines Corp.
• Koch Industries Inc.
• Korber AG
• Magaya Corp.
• Manhattan Associates Inc.
• Oracle Corp.
• ORBCOMM Inc.
• Ramco Systems Ltd.
• Royal 4 Systems
• SAP SE
• Siemens AG
• Trimble Inc.
• WiseTech Global Ltd.

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CRM Market – Market Dynamics

Key Drivers 

• The increasing adoption of 3PL and the emergence of 5PL is a key factor driving the market growth.
• The various services such as inventory management, cross-docking, break-bulk, kitting and assembling, door-to-door delivery, and the packaging of products are provided by 3PL.
• Fifth-party logistics (5PL) solution providers construct, organize, and implement various logistics solutions in the market.
• Furthermore, data analytics is added in the logistics software solutions, which helps in getting insight into tactical and strategic decisions to streamline the supply chain.
• Logistics software solutions are been offered by many vendors for the real-time tracking and visibility of logistics services.
• Hence, these factors are expected to drive market growth during the forecast period.

Major Trends

• The integration of technologically advanced solutions is a major trend in the market.
• Many end-users are adding logistics software solutions to combat Operational inefficiencies in logistics management.
• These solutions are used for transportation management, inventory management, and warehouse management.
• In addition, AI is used in the supply chain to predict demand, plan demand, and supply forecast, which ensures accuracy in shipping.
• Hence, these advanced solutions are expected to drive market growth during the forecast period.

Significant Challenges

• The growing number of malfunction cases related to WMS software is a major challenge restricting the market growth.
• These malfunctions are causing monetary loss and order delays for service providers.
• For example, The LCBO announced that deliveries were not on time due to the implementation of a WMS solution that helps in providing inventory management.
• As a result, small-scale and medium-scale service providers are unwilling to adopt such software solutions.
• Hence, these malfunction cases are expected to restrict market growth during the forecast period.

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Related Reports:
The fifth-party logistics (5PL) solutions market size is estimated to grow at a CAGR of 6.61% between 2022 and 2027, and the size of the market is forecast to increase by USD 362.39 million. Furthermore, this report extensively covers market segmentation by service (transportation, warehousing, and other services), application (e-commerce, logistic companies, and traders), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The rise in global containerized cargo trade is a key factor driving the market growth during the forecast period.

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Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Deployment

• 5.1 Market segments
• Exhibit 24: Chart on Deployment - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Deployment - Market share 2021-2026 (%)

• 5.2 Comparison by Deployment 
• Exhibit 26: Chart on Comparison by Deployment
• Exhibit 27: Data Table on Comparison by Deployment

• 5.3 On-premise - Market size and forecast 2021-2026 
• Exhibit 28: Chart on On-premise - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on On-premise - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on On-premise - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on On-premise - Year-over-year growth 2021-2026 (%)

• 5.4 Cloud-based - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Cloud-based - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Cloud-based - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Cloud-based - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Cloud-based - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Deployment 
• Exhibit 36: Market opportunity by Deployment ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026 
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026 
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026 
• Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026 
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026 
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026 
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Japan - Market size and forecast 2021-2026 
• Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.11 UK - Market size and forecast 2021-2026 
• Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.12 Germany - Market size and forecast 2021-2026 
• Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Blue Yonder Group Inc.
• Exhibit 89: Blue Yonder Group Inc. - Overview
• Exhibit 90: Blue Yonder Group Inc. - Product / Service
• Exhibit 91: Blue Yonder Group Inc. - Key offerings

• 10.4 BluJay Solutions Inc. 
• Exhibit 92: BluJay Solutions Inc. - Overview
• Exhibit 93: BluJay Solutions Inc. - Product / Service
• Exhibit 94: BluJay Solutions Inc. - Key offerings

• 10.5 E2open LLC
• Exhibit 95: E2open LLC - Overview
• Exhibit 96: E2open LLC - Product / Service
• Exhibit 97: E2open LLC - Key offerings

• 10.6 Epicor Software Corp
• Exhibit 98: Epicor Software Corp - Overview
• Exhibit 99: Epicor Software Corp - Product / Service
• Exhibit 100: Epicor Software Corp - Key offerings

• 10.7 Fishbowl
• Exhibit 101: Fishbowl - Overview
• Exhibit 102: Fishbowl - Product / Service
• Exhibit 103: Fishbowl - Key offerings

• 10.8 Koch Industries Inc.
• Exhibit 104: Koch Industries Inc. - Overview
• Exhibit 105: Koch Industries Inc. - Product / Service
• Exhibit 106: Koch Industries Inc. - Key news
• Exhibit 107: Koch Industries Inc. - Key offerings

• 10.9 Korber AG
• Exhibit 108: Korber AG - Overview
• Exhibit 109: Korber AG - Product / Service
• Exhibit 110: Korber AG - Key offerings

• 10.10 Manhattan Associates Inc. 
• Exhibit 111: Manhattan Associates Inc. - Overview
• Exhibit 112: Manhattan Associates Inc. - Business segments
• Exhibit 113: Manhattan Associates Inc. - Key news
• Exhibit 114: Manhattan Associates Inc. - Key offerings
• Exhibit 115: Manhattan Associates Inc. - Segment focus

• 10.11 Oracle Corp.
• Exhibit 116: Oracle Corp. - Overview
• Exhibit 117: Oracle Corp. - Business segments
• Exhibit 118: Oracle Corp. - Key news
• Exhibit 119: Oracle Corp. - Key offerings
• Exhibit 120: Oracle Corp. - Segment focus

• 10.12 SAP SE
• Exhibit 121: SAP SE - Overview
• Exhibit 122: SAP SE - Business segments
• Exhibit 123: SAP SE - Key news
• Exhibit 124: SAP SE - Key offerings
• Exhibit 125: SAP SE - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 126: Inclusions checklist
• Exhibit 127: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 128: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 129: Research methodology
• Exhibit 130: Validation techniques employed for market sizing
• Exhibit 131: Information sources

• 11.5 List of abbreviations
• Exhibit 132: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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