Jun 5, 2020 7:10 AM ET
iCrowd Newswire – Jun 5, 2020
Delivery management software is used in numerous industries to track shipments and ensure smooth delivery of goods to customers. The adoption of innovative delivery management software benefits companies through better customer satisfaction, improved asset utilization, and reduced fuel usage. The software connects the driver and the back-end offices via a single platform and offer all the information required by a driver for the delivery of an item.
According to our latest market study on “Delivery Management Software Market to 2027 – COVID-19 Impact, and Global Analysis and Forecast – by Deployment Type (Cloud, and On-Premises); Enterprise Size (Small and Medium-Size Enterprises, and Large Enterprises); End User (Restaurant Delivery, Logistics, Courier Business, and Others); and Geography,” the market was valued at US$ 1.59 billion in 2019 and is projected to reach US$ 4.01 billion by 2027; it is expected to grow at a CAGR of 12.7% from 2020 to 2027.
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According to the latest report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are among the worst-affected countries due to the COVID-19 pandemic. The outbreak first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. As of 31st May 2020, there are ~6.02 million confirmed COVID-19 cases globally, with ~368,944 total deaths, and the number is growing at varying rates in different countries. The COVID-19 crisis is affecting the industries worldwide, and the global economy is anticipated to take the worst hit in 2020, which is likely to have some impact in 2021 as well. The outbreak has created significant disruptions in industries such as logistics, retail, and e-commerce. The sharp decline in the international logistics business industry is negatively impacting the growth of the global delivery management software market. The enforcement of lockdowns in various countries, leading to factory shutdowns travel bans, trade bans, and border lockdowns, to combat and contain the outbreak have adversely affected the logistics industry globally.
In 2019, North America stood second in the delivery management software market with a share of more than 27.7%, and it is anticipated to witness a steady CAGR from 2020 to 2027. This region is characterized by the presence of well-developed countries, strong industry base, and high technology adoption. The presence of fast-growing economics, rising automated technology adoption, and increasing internet penetration are among the prime factors driving the growth of the delivery management software market in North America. Other developing regions, such as the MEA and SAM, are also projected to grow at a steady pace owing to the increasing government initiatives to digitalize the economy with the adoption of advanced technologies.
Top Listed Companies in Delivery Management Software Market are-
- Deliforce Technologies Private Limited
- FarEye (RoboticWares Pvt Ltd)
- GetSwift Limited
- Loginext Solutions Private Limited
- Mobisoft Infotech LLC
- Shipox Inc
- WorkWave LLC
- Zippykind (Snappylead LLC)
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Keywords: Delivery Management Software Market, Delivery Management Software Market 2020, Delivery Management Software Market 2027, 2020 Delivery Management Software Market, 2027 Delivery Management Software Market