The multicarrier parcel management solutions software market is expected to grow at a CAGR of 9.3%, from US$ 559.0 Million in 2022 to US$ 1.4 Billion by 2032. During the ongoing coronavirus outbreak, multicarrier parcel management solutions software market has become critical. The multicarrier parcel management solutions software company is taking advantage of multicarrier parcel management solutions software market opportunity to expand the availability of real-time shipment tracking and asset monitoring software.
Customers are hesitant to invest in multicarrier parcel management solutions software as a result of volatile business activities, limiting the multicarrier parcel management solutions software market growth.
As a result, an increase in the number of ecommerce start-ups during the COVID-19 outbreak is keeping multicarrier parcel management solutions software market afloat.
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One of the major factors driving the multicarrier parcel management solutions software market growth is the ability for shippers to have exclusive access to dashboards, reports, and other important measurements that allow for fair business decision making.
Furthermore, the adoption of multicarrier parcel management solutions software is expected to boost the multicarrier parcel management solutions software market share by increasing the deployment of multicarrier parcel management solutions software among SEMs companies.
Key Takeaways:
· The multicarrier parcel management solutions software market in the United States is expected to reach US$ 467.3 million by 2032, growing at an annual rate of 8.7%.
· By 2032, the multicarrier parcel management solutions software market in the United Kingdom is expected to be worth US$ 58.8 million, growing at an annual rate of 8.2%.
· China’s multicarrier parcel management solutions software market is expected to reach US$ 90.9 Million by 2032, with a CAGR of 8.4% through 2032.
· The multicarrier parcel management solutions software market in Japan is expected to be valued US$ 76.6 Million by 2032, expanding at an 8.5% annual rate through 2032.
· South Korea is expected to reach a market size of US$ 54.5 Million in multicarrier parcel management solutions software by 2032, with a CAGR of 8.3% through 2032.
· The multicarrier parcel management solutions software market’s cloud based segment from the deployment category is predicted to develop at a CAGR of 8.9% through 2032.
· Through 2032, large enterprises sector in the multicarrier parcel management solutions software market’s organization site category will grow at a CAGR of 9.1%.
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Competitive Landscape:
New market research report on multicarrier parcel management solutions software shows that the legacy players in the multicarrier parcel management solutions software market are concentrating on delivering solutions that meet specific needs, such as the installation of various technologies and the update and extension of current systems that will boost the multicarrier parcel management solutions software market key trends & opportunities.
The multicarrier parcel management solutions software market is dominated by Centiro , ConnectShip, Inc. , MetaPack , ProShip, Inc. , Pitney Bowes Inc. .
Recent Development in the Multicarrier Parcel Management Solutions Software Market:
Acquisition:
· ShipTrack, a cloud-based mobile resource management and multicarrier parcel management solutions software, was acquired by Descartes Systems Group in November 2020.
Product Launches:
· The Descartes Systems Group, Inc. launched an Internet-based transportation management system in August 2020. (e-TMS). Transport order management, multi-modal carrier assignment, multi-modal rating engine, rate shopping, load tendering, and integrated invoicing accounting capabilities are all available through E-TMS.
· Pitney Bowes, Inc. will launch SendPro+ shipping solutions in July 2020. With this shipping and mailing solution, businesses can choose the best Royal Mail and Parcelforce Worldwide option for each parcel and letter.
· Metapack launched Metapack Returns in February of this year. Pre-printed return labels, a platform for branded returns, and a solution for international returns are all included in Metapack Returns. The launch would demonstrate Metapack’s commitment to improving its customers’ post-purchase experience.
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Key Players
- Centiro
- ConnectShip, Inc.
- MetaPack
- ProShip, Inc.
- Pitney Bowes Inc.
Key Segments
By Deployment:
- Cloud Based
- On-Premise
By Organization Size:
- Large Enterprises
- SMEs
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
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