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Global Multicarrier Shipping Software Market Growing Dynamically CAGR +8% to during forecast period with Leading Top Key Players like Cadre, Creative Logistics Solutions, Logicor, Mecalux, Parcelhub

Multi-carrier shipping software is also denoted as Transportation Management Software (TMS). Multi-carrier shipping software is a platform that mechanizes and streamlines the spot carriage process. The software delivers the ability to manage and track all types of freight such as trucking, air, ocean, parcel, etc. The multi-carrier shipping software is used in the context of e-commerce enterprises who ship directly to consumers and generally refers to all-freight automation platforms such as Cargo base or related systems.

The Global Multicarrier Shipping Software Market is projected to grow at a CAGR of +8% during the forecast period.

Logistics and shipping were among the early adopters of software that help manage inventories while maintaining a balance in the usage of resources during complex operations. Shipping involves a large number of variables and shipping software have helped enable more efficient management of resources. Automation of less variable processes has encouraged an increase in the adoption of shipping software across the world. The software has also facilitated the supply chain players to improve profitability through smart management and route optimization thus reducing cost per shipment when compared to the past decade. This has helped supply chain functions to move to profit-centric approach from cost centric approach.

Key Players

  • Cadre
  • Creative Logistics Solutions
  • Logicor
  • Mecalux
  • Parcelhub
  • ProShip, a Neopost Company
  • QAD Precision
  • ReadyCloud
  • ShipHawk
  • Shippo
  • Shiptec
  • TrueCommerce
  • V-Technologies
  • XPS Ship

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Market Trend:

  • The Growth in Deployment of Internet of Things (IoT) and Big Data Technology to Get Real-Time Information of Logistics.
  • Surging Blockchain in Freight Management.

Market Drivers:

  • Continuously Increasing Global Trade and the Need to Control the Time-In-Transit.
  • Increased Transportation Information and Supply Chain Visibility.

Challenges:

  • Lack of Awareness Regarding Multicarrier Shipping Software

 Opportunities:

  • Growing Adoption of Cloud Technology and Increasing Demand for Software as a Service (SaaS).

This study report produces a comprehensive evaluation of the COVID-19 pandemic and its effect on the present market and assesses the potential results of the market throughout the forecast period 2021 – 2027.

Global Multicarrier Shipping Software Market Segmentation

By Application

  • Passenger Transportation
  • Goods Transportation

By Deployment Mode

  • Cloud-Based
  • on-premise

 By Industry Vertical

  • Aerospace & Defense
  • Automotive Industry
  • Government Transportation
  • Machinery Manufacturing
  • Retail
  • Transportation & Logistics
  • Others

By Transportation Mode

  • Airways
  • Roadways
  • Railways
  • Waterways

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 Reginal Analysis

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
  • South America (Brazil, Argentina, Columbia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Geographically, Asia Pacific is projected to grow with the fastest CAGR of +9% during the forecast period in the global shipping software market. The explosive growth of the E-commerce players in the region is the main driving force of the growth. For instance, Alibaba in China and Amazon and Flipkart in India are major E-commerce players who are using shipping software to manage their international supply chain. North America is projected to be the second largest region in the global shipping software market during the forecast period owing to its early software adoption.

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