According to a recent market study by Future Market Insights (FMI), the Global Last Mile Delivery Software Market was valued at US$ 7 billion in 2021 and is projected to grow to US$ 16.7 billion by 2032. According to the report’s findings, On-premise Last-Mile Delivery Software will continue to play a crucial role in the industry because it will account for the majority of sales. It is anticipated that big businesses will be the main sources of income.
Enterprises to Turn to Software to Optimize Operations
Businesses are using software to streamline a number of their last-mile processes in an effort to cut costs, improve labor efficiency, and maintain customer satisfaction. The need for last-mile delivery software is anticipated to increase throughout the projected period due to the automation of operations including routing, invoicing, and updating.
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The United States to Command the Larger Proportion of Last Mile Delivery Software Supply Chain throughout the Analysis Period
The United States is the leading market for Last Mile Delivery Software demand, having witnessed CAGR of 8.7% from 2015 – 2021 and accounting for over 35% of the market demand. The market is expected to grow in the future as well, with a forecasted market value of US $ 6 Bn, with an absolute dollar opportunity of US $3.2 Bn.
Last Mile Delivery Software Market: Competition Insights
Competitive Landscape
Last-Mile Delivery Software providers are focused on harnessing new technology and addressing efficient deliveries and allocation of drivers. The key Last Mile Delivery Software Companies operating in the market include Kahuna, AGDESCARTES, FarEye, Track-POD, LogiNext, Zippykind5, Gloat, and Skillnet.
Some of the recent development in Last-Mile Delivery Software are as follows:
- In June 2022, Onfleet announced the raising of US$ 23 Mn in Series B funding, bringing their total funding amount US$ 40 Mn. According to the company, the amount raised will be used for product development and other enhancements.
- In June 2022, California’s Last-Mile EV manufacturer BrightDrop announced the integration of the AI fleet optimization software of Marain, which can analyze, forecast and come up with multimodal fleet solutions into its Zevo vans and Trace e-carts.
- In June 2022, SkyDrop announced the completion of production of the drone fleet for the commercial drone delivery trial with Domino’s in New Zealand.
- In June 2022, FarEye and Spryker announced a partnership through which they aim to combine Fareye’s delivery platform that leverages data for routing and planning with Spryker’s e-commerce operating system.
- In July 2022, Waitr Holdings Inc. announced a partnership with Elite EXTRA for Elite EXTRA’s last-mile delivery logistics software solutions
- In July 2022, Lyve Global, which provides cloud-based delivery software via platforms and services, announced the acquisition of Jeebly, a last-mile delivery company
- In July 2022, GEODIS announced the acquisition of Keppel Logistics.
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Key Segments Covered in Last-Mile Delivery Software Survey
Last-Mile Delivery Software Market by Type:
- On-Premise Last-Mile Delivery Software
- Cloud-Based Last-Mile Delivery Software
Last-Mile Delivery Software Market by Application:
- Courier, Express & Parcel
- Retail & FMCG
- Transportation
- BFSI
- E-Commerce
- Manufacturing
- Pharmaceutical
Last-Mile Delivery Software Market by Region:
- North America Last-Mile Delivery Software Market
- Latin America Last-Mile Delivery Software Market
- Europe Last-Mile Delivery Software Market
- Asia Pacific Last-Mile Delivery Software Market
- Middle East & Africa Last-Mile Delivery Software Market
Table of Content
1. Executive Summary | Last-Mile Delivery Software Market
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Million)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Application Development Trends
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About Us
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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