Global Shipping Software Market Projected to Reach USD 4.43 Billion by 2026

19-Jun-2020 | Facts and Factors

Findings from Facts and Factors report “Shipping Software Market By Type (Cloud-Based, and On-Premise) and By Application (Contract Logistics, Air & Ocean Forwarding, CEF, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that 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.

Browse the full “Shipping Software Market By Type (Cloud-Based, and On-Premise) and By Application (Contract Logistics, Air & Ocean Forwarding, CEF, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/shipping-software-market-by-type-cloud-based-and-1242

The global demand for shipping software is powered primarily by rising e-enterprises worldwide. The stable economies are likely to result in more spending from customers. Rising GDPs, particularly countries including China, Mexico, Brazil, India,  etc., are expected to fuel consumer spending that is expected to boom the shipping software market over the coming years. In addition, rising demand for cloud-based technology is expected to open new avenues during the forecast period for the shipping software industry.

The global market for shipping software is divided into form, application, and regions. The main deployment type on the global shipping software market is the web-based, mounted. The main applications of the global shipping software industry are Air & Ocean Forwarding, CEF, Contract Logistics and Others. The main area covered by the global shipping software market is North America, South America, Europe, Asia Pacific and Middle East, and Africa.

The main application on the global shipping software market is air & ocean forwarding, CEF, contract logistics, and others. CEF is the biggest global shipping software group. It represented about 40 percent of the entire market share. Rising CEF services globally along with the spur in digitization are the major factors for lucrative growth in the market for shipping apps. In addition, CEF is also projected to be the market's fastest growing segment in coming years. The second largest application segment on the market in 2019 was the air & ocean forwarding. In addition, air & ocean shipping is expected to see exponential growth in the years ahead.

In 2019, North America dominated the market for shipping applications and accounted for over 30 percent of the overall market in revenue terms. The U.S. was the main contributor to the region's shipping software market. In 2019, it occupied more than 75 percent of the North American market for shipping applications. Europe is the second-shipping software market in 2019. In the forecast timeframe, Asia Pacific is expected to be the fastest growing shipping software market area. In addition, China and India together contribute to the region's two-market share. South America and Middle East & Africa are expected to show moderate growth over the years ahead.

Report Scope `

Some of the leading players in the global market 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.

This report segments the shipping software market as follows:

By Type Segmentation Analysis

• Cloud-based
• On-Premise

By Application Segmentation Analysis

• Contract Logistics
• Air & Ocean Forwarding
• CEF
• Others

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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