Last Mile Delivery Software Market worth USD 19,474.88 million by 2033

The Market Statsville Group (MSG) publishes the new report on the "Last Mile Delivery Software Market by Type (Cloud-based, On-premises), by Application (Courier, express, and parcel, Retail, E-Commerce, Transportation, BFSI, Manufacturing, Pharmaceutical, Others),  By Region – Global Share and Forecast to 2033

According to the Market Statsville Group (MSG), the global last mile delivery software market size is expected to grow from USD 6,757.94 million in 2022 to USD 19,474.88 million by 2033, at a CAGR of 10.1% from 2023 to 2033.

The last mile delivery software market consists of sales of last mile delivery software services by entities (organizations, sole traders, and partnerships). Some of the key factors driving the market growth include a surge in e-commerce industry operations, a rise in popularity of Omni channel retailing, increasing use of logistics-specific solutions, declining hardware & connectivity costs, and an increase in trading activities due to globalization. However, security concerns and the rise in the cost of operations are limiting market growth. On the other hand, the growth of the software as a service (SaaS) model provides a huge growth opportunity for the market. The last mile software can address some of the major challenges such as increased visibility, boosting customer experience and engagement, optimizing delivery routes, and customizing delivery locations, which are faced otherwise without the use of the software.

Global Last Mile Delivery Software Market Segmentation

The overall last mile delivery software market has been segmented into type, application, and region.

• By Type (Cloud-based, On-premises)
• By Application (Courier, express, and parcel, Retail, E-Commerce, Transportation, BFSI, Manufacturing, Pharmaceutical, Others)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

E-Commerce segment is at the highest CAGR during the forecast period

E-Commerce segment is expected to grow at the highest CAGR during the forthcoming period. Last-mile delivery software aids in boosting consumer happiness in the e-commerce industry by providing a better last-mile delivery experience, on-time deliveries for their clients, and greater service-level agreement (SLA) adherence. Furthermore, with automated shipment sorting and an optimized route planning engine, it saves overhead costs and improves delivery efficiency in e-commerce supply chain optimization.

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The Asia Pacific to account for the highest CAGR during the forecast period

Over the forecast period, the Asia Pacific market is expected to grow rapidly. The new Retail method, a new trend in China, comprises the integration of online and offline retail through many processes, one of which is the construction of pickup locations for their last-mile plan. As the needs of this type of retail are very sophisticated, this is projected to drive demand for the region's last-mile delivery software industry.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the last mile delivery software market. It also consists of the profiles of leading companies such as WorkWave, DelivApp (GeoRest), Onfleet, LogiNext, Shipsy, Scurri, Detrack, Route4Me, Track-POD, Wise Systems, Hypertrack, onro, GetSwift, GSMtasks, Metapack, PingDelivery, myGeoTracking, Bringoz, Delivery Biz Pro, IDS Internet Dispatch Services, Intersoft, nuVizz, OnnaWay, SmartConsign, Trakop, Zippykind, Aforza, Arrive.by, Beetrack, GroundCloud, Google Logistics Tools, RideWithVia and PDQ Pickup. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.

About Market Statsville Group

Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

MSG has an entire repository of research reports on more than 1,000 niche industries, 3,000 high-growth potentials markets, 5,000 data sets, and more than 12,000 company profiles.

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