Logistics SaaS Market Size, Share, Growth, and Industry Analysis, By Type (Product Order, Management, Warehouse Management, Product Tracking, Risk Assessment, Partner Connectivity & Other), By Application (Domestic Logistics & International Logistics) and Regional Insights and Forecast to 2032

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LOGISTICS SAAS MARKET REPORT OVERVIEW

The Logistics SaaS Market size was valued at approximately USD 19.9 billion in 2023 and is expected to reach USD 50.66 billion by 2032, growing at a compound annual growth rate (CAGR) of about 10.71% from 2023 to 2032

Cloud based software designed to handle logistics services is called Logistics SaaS (Software as a Service). In fact, these platforms offer companies management tools for various areas in their supply chain and logistics.

There are various factors which are driving the logistics SaaS market growth such as, software is in demand by companies for more productive business and calculates complex numbers easily. Logistics SaaS platforms are like clouds hovering in the air, to mean that instead of being stored in computers on location, they are stored somewhere really far while accessed via networks called the internet. Companies can thus expand their logistic operations with ease; this reduces demand for infrastructure and sometimes even integrates updates and safety systems by itself.

COVID-19 IMPACT

"Companies Reducing Investment in Technology Led to Decreased Demand"

The global COVID-19 pandemic has been unprecedented and staggering, with the logistics SaaS market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Due to economic uncertainty, companies reduced their investment into technology, thus having a big impact on the Logistics SaaS market as a result of the COVID-19 pandemic. Many businesses put cost-cutting ahead of advancing technology with the result that there was limited demand for Logistics SaaS solutions. Due to reduced investments, the uptake of cloud-based logistics platforms has been slowed down with many companies delaying or even reducing their digital transformation efforts. However, in the long term, there is a possibility that effective and durable supply chains will be necessary for future growth as the market slowly gets back to normal after COVID-19.

LATEST TRENDS

"AI Driven Automation and Predictive Analytics Drive Market Growth"

A major growth factor for the logistics SaaS market has been the integration of AI driven automation and predictive analytics in the SaaS software. These cutting-edge technologies allow companies to improve their supply chain activities through automating mundane tasks, forecasting requirements and detecting before any interruption happens. With AI-driven analysis firms can be guided by data instead of guessing recklessly; thus, leaning on automation helps enhance performances while minimising expenditures. Meanwhile as more institutions try to boost their transportation strengths there is increasing call for software as a service (SaaS) offerings that embrace artificial intelligence and foresight analytics leading also to huge increases in the market.

LOGISTICS SAAS MARKET SEGMENTATION

By Type

Based on type the global logistics SaaS market can be categorized into Product Order, Management, Warehouse Management, Product Tracking, Risk Assessment, Partner Connectivity & Other.

• Product Order: This manages the order tracking throughout the order cycle. From order creation to fulfilment it manages everything.

• Management: It provides comprehensive oversight of logistics operations, including planning, execution, and monitoring.

• Warehouse Management: It optimises warehouse operations, including inventory management, picking, packing, and shipping.

• Product Tracking: It is focused on real-time tracking of goods throughout the supply chain, enhancing visibility and accountability.

• Risk Assessment: These are the tools that assess and mitigate risks in the supply chain, ensuring continuity and minimising disruptions.

• Partner Connectivity: It facilitates seamless communication and collaboration between various supply chain partners.

• Other: It includes additional functionalities and niche solutions within the logistics SaaS market.

By Application

Based on application the global market can be categorized into Domestic Logistics & International Logistics.

• Domestic Logistics: It is tailored for managing logistics operations within a specific country, focusing on local regulations and infrastructure.

• International Logistics: SaaS platforms designed to handle cross-border logistics, addressing challenges such as customs, international regulations, and global supply chain management.

DRIVING FACTORS

"Software is in Demand by Companies for more Productive Business Boost the Market"

One of the key driving factors in the global logistics SaaS market growth is the software is in demand by companies for more productive business. Nowadays, many businesses are utilising Logistics SaaS software as a means to simplify their supply chain operations, improve their productivity levels and save on their overall costs of operation. One of the reasons that these solutions are so appealing is due to automation, better inventory handling capabilities and real-time visibility into logistics activities. The need for more sophisticated, cloud-based logistics software continues to rise, thus contributing to global market growth as firms focus on efficiency and competitiveness in relation with transport management.

"Software Calculates Complex Numbers Easily is Expanding the Market"

Another driving factor in the global logistics SaaS market is the software calculates complex numbers easily. The logistics operations usually contain complex maths like route optimization and also demand prediction as well as inventory management. SaaS (Software as a Service) solutions help make these tasks very simple by automating the calculations, reducing the risk of mistakes and increasing accuracy in decision making. This allows organisations to handle massive amounts of data easily hence improving logistic efficiency and performance. Therefore, there is an increase in the need for Logistics SaaS platforms that can perform complicated calculations.

RESTRAINING FACTORS

"Lack of Knowledge about Software Impede Market Growth"

One of the key restraining factors in the global logistics SaaS market is the lack of knowledge about software. Many companies, particularly small and medium-sized enterprises might not be conversant with the functionalities and advantages of these platforms which makes them hesitant to adopt them. This gap in knowledge leads to lost opportunities for efficiency improvements thus hindering market growth as business people find it difficult to understand and adopt these advanced solutions.

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LOGISTICS SAAS MARKET REGIONAL INSIGHTS

"Asia Pacific Region Dominating the Market due to Growing Demand for High-end Technologies"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

Asia Pacific has emerged as the most dominant region in the global logistics SaaS market share due to several factors. As we know, advanced logistics solutions are being adopted due to rapid economic growth, increased e-commerce activity, expansion of manufacturing sectors in countries such as China and India. The companies in this area have started investing on SaaS platforms to make their supply chains more efficient, compete effectively and serve the ever rising consumer expectations. This upsurge for advanced technologies transforms Asia Pacific into a major player within the world Logistics SaaS market.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The logistics SaaS market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of software options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• Ritase (Indonesia)
• eTower (China)
• Gravity Supply Chain (Hong Kong)
• Anchanto (Singapore)
• Freightos (Hong Kong)
• Easyship (Hong Kong)
• Yojee (Singapore)
• vTradEx (China)
• oTMS (China)
• E6 Technology (China)
• C-WMS (China)
• Sichuan Complex Yida Technology (China)
• Haiguanjia (China)
• Quantum Asia Solutions (Philippines)
• 4PNT (China)

INDUSTRIAL DEVELOPMENT

July 2020: ORBCOMM Inc, a global provider of Internet of Things (IoT) solutions, announced the launch of its next-generation analytics and reporting platform in July 2020, which includes enhanced features such as advanced data insights and a dynamic user interface, giving customers a single, unified view of all their transportation asset types with a single sign-on.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.