Industry Key Highlights
According to the latest TechSci Research report titled "Logistic Software Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F", the market was valued at USD 11.4 billion in 2023 and is projected to reach USD 18.56 billion by 2029, reflecting a robust compound annual growth rate (CAGR) of 8.3% during the forecast period. The Global Logistics Software Market is experiencing significant growth, driven by the increasing need for efficient supply chain management, the expansion of e-commerce, and the demand for real-time visibility and automation in logistics operations.
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A critical driver for this growth is the increasing need for supply chain optimization. Businesses are focusing on enhancing the efficiency of their supply chains to reduce costs, improve performance, and gain a competitive edge. Logistics software plays a vital role in achieving these objectives by providing tools for managing inventory, coordinating transportation, and streamlining warehouse operations. Features such as real-time tracking, demand forecasting, and route optimization help businesses minimize delays, lower operational costs, and improve overall supply chain efficiency.
The Transportation Management Software (TMS) segment has emerged as the dominant category within the Global Logistics Software Market and is projected to retain its leadership throughout the forecast period. TMS solutions offer comprehensive capabilities, including route planning, freight management, carrier selection, and real-time tracking, which are indispensable for improving operational efficiency and reducing costs. The increasing complexity of global supply chains and the need for real-time visibility into transportation activities have driven widespread adoption of TMS. Additionally, the growth of e-commerce and the rising demand for fast and reliable delivery services have further fueled the need for robust transportation management solutions.
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Geographically, the Asia-Pacific region is the fastest-growing market for global logistics software, driven by dynamic economic factors, rapid technological adoption, and evolving trade patterns. The region's robust economic growth, particularly in countries such as China, India, and Southeast Asian nations, drives an increasing demand for advanced logistics solutions to support burgeoning supply chains and e-commerce activities. The rapid expansion of manufacturing and retail sectors in these countries necessitates sophisticated logistics software to enhance operational efficiency, manage complex supply chains, and optimize distribution networks.
Emerging Trends in the Logistics Software Market
1. Integration of Artificial Intelligence and Machine Learning
The integration of artificial intelligence (AI) and machine learning (ML) into logistics software is revolutionizing supply chain management. These technologies enable predictive analytics, automate routine tasks, and enhance decision-making processes. For instance, AI algorithms can forecast demand patterns, optimize delivery routes, and identify potential disruptions before they occur, allowing companies to proactively address challenges and improve operational efficiency. The adoption of AI and ML is expected to continue growing as businesses seek to leverage data-driven insights for competitive advantage.
2. Emphasis on Real-Time Tracking and Visibility
There is a growing demand for real-time tracking and visibility in logistics operations, driven by the need for greater transparency and control over supply chain activities. Modern logistics software solutions are increasingly incorporating advanced tracking features that provide real-time data on shipments, inventory, and transportation status. This trend is fueled by consumer expectations for timely updates and the need for businesses to manage and respond to disruptions promptly. Technologies such as Internet of Things (IoT) sensors and GPS tracking are integral to this trend, providing accurate and timely information.
3. Adoption of Cloud-Based Solutions
The shift towards cloud-based logistics software solutions is gaining momentum due to their scalability, flexibility, and cost-effectiveness. Cloud deployment offers unmatched scalability, remote access, and ease of collaboration among stakeholders. It eliminates the need for significant capital investments in hardware, making it an attractive option for businesses of all sizes. Additionally, cloud-based solutions facilitate seamless integration with other enterprise systems, enhancing overall operational efficiency.
4. Focus on Sustainability and Green Logistics
Sustainability has become a key focus in the logistics industry, with companies striving to reduce their environmental footprint. Logistics software providers are responding by developing solutions that support sustainable practices, such as optimizing routes to reduce fuel consumption, enhancing energy efficiency, and minimizing waste. Features like carbon footprint tracking and eco-friendly transportation options are becoming integral to modern logistics software. The push towards sustainability is driven by both regulatory pressures and the desire to build a positive brand image.
5. Expansion into Emerging Markets
Emerging markets present significant growth opportunities for logistics software providers. Rapid economic development, urbanization, and the expansion of e-commerce in regions such as Asia-Pacific, Latin America, and Africa are driving the demand for advanced logistics solutions. Companies that can tailor their offerings to meet the unique challenges and requirements of these markets are well-positioned to capitalize on this growth.
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Key Market Drivers
Need for Supply Chain Optimization
Businesses are increasingly focused on improving the efficiency of their supply chains to reduce costs, enhance performance, and gain a competitive edge. Logistics software plays a crucial role in achieving supply chain optimization by providing tools for managing inventory, coordinating transportation, and streamlining warehouse operations. Features such as real-time tracking, demand forecasting, and route optimization help businesses minimize delays, lower operational costs, and improve overall supply chain efficiency.
Growth of E-Commerce
The rapid expansion of e-commerce has significantly increased the volume and complexity of shipments, necessitating advanced logistics solutions. Consumers expect fast, reliable, and transparent delivery services, prompting businesses to adopt logistics software that can efficiently manage order fulfillment, track shipments in real-time, and optimize delivery routes.
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The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Market size by End User
The global freight and logistics market is expected to exhibit a strong 3.5% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR).
Every region across the world is involved in freight and logistics activities, as urbanization has been a major constant in regions across the world over the last few years.
In order to serve their clients better, freight and logistics companies have brought about several new innovations in the last few years aimed at making logistics services more reliable and precise.
Competitive Leaderboard:Leading players in the global freight and logistics market include Nippon Express, Walmart Group, FedEx Corp., United Parcel Service, Panalpina, C. H. Robinson, DB Schenker Logistics, Deutsche Post DHL, The Maersk Group, Kuehne + Nagel, and DSV Global Transports and Logistics.In October 2019 FedEx Express package launched the first commercial drone-delivery service to residences in US.In 2019, DHL Group have invested nearly USD 137 Mn at cologne-Bonn airport for new logistics.
The waterways segment is expected to hold largest market share and will show highest growth rate owing to the expansion of cold chain logistics and growing demand for perisables.
Rise in spending of customers, decline in road freight rates, and the outbreak of the COVID-19 pandemic can play a pivotal part in the market.Competitive Outlook FedEx Corp., United Parcel Service, Deutsche Post DHL, DB Schenker Logistics, Panalpina, C.H.
Recently published a report entitled Logistics And Warehousing Market projected till 2026, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.
Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The entire logistics and warehousing market has been sub-categorized into type and end-user.
The report provides an analysis of these subsets with respect to the geographical segmentation.
This research study will keep marketer informed and helps to identify the target demographics for a product or service.Request a FREE Sample Copy of Logistics And Warehousing Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/logistics-and-warehousing-market/download-sampleBy TypeMobile RobotsAutomated Guided Vehicles (AGVs)Automated Mobile Robots (AMRs)Cartesian RobotsSelective Compliance Assembly Robot Arm (SCARA) RobotsParallel RobotsArticulated RobotsCollaborative RobotsBy End-UserE-CommercePharmaceuticalAutomotiveFood And BeveragesElectrical And ElectronicsOthersThe research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the logistics and warehousing market include ABB Robotics, Aethon Inc., Amazon Robotics LLC, Clearpath Inc. (OTTO Motors), DAIFUKU Co., Ltd, Fanuc Corporation, Fetch Robotics, Inc., GreyOrange Pte Ltd., IAM Robotics, KION Group AG and Others.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.This section covers regional segmentation which accentuates on current and future demand for logistics and warehousing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
