Shipping Software Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

The global shipping software market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire shipping software market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Billion) from FY 2016 – 2026.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the shipping software industry. The report analyzes and declares the historical and current trends analysis of the shipping software industry and subsequently recommends the projected trends anticipated to be observed in the shipping software market during the upcoming years.

Key Insights from Primary Research

• According to the primary CXOs of the global shipping software market, the market is estimated to witness a substantial growth of nearly 13.2% over the forecast period.
• The market was valued at USD 1.86 billion, in 2019 and is expected to be valued at over USD 4.43 billion, by 2026.
• On the basis of the product segment, on-premise dominated the global shipping software market in 2019. In terms of revenue, it accounted for more than a 60% share of the total market in 2019.
• Application-wise, the contract logistics segment was the largest of the global shipping software market in 2019. It accounted for more than 36% of the total market share in 2019.
• By geography, the North American region lead the market with a share of above 34%, in 2019.

Key Recommendations from Analysts

• According to industry experts, escalating import, export, and trading industries across the globe are expected to propel the demand for shipping software in the near future.
• Our analysts recommend that the rise of GDP of emerging economies such as China, India, Brazil, etc. is anticipated to grow consumer spending which in turn is expected to certainly influence the shipping software market over the estimated period.
• The expansion of the e-commerce industry especially in emerging markets is anticipated to fuel the demand for shipping software in developing regions over the forthcoming years.
• According to our analyst, increasing urbanization along with growth in disposable income, increase in the consumer's spending rate, etc. are some major driving forces of the global shipping software market.
• Escalating deployment of shipping software among the small and medium scale logistic companies is project to accelerate the margin of the shipping software market.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the shipping software industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the shipping software industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Shipping Software market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the shipping software industry. The shipping software market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the shipping software sector. Key strategic developments in the shipping software market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the shipping software market are appropriately highlighted in the report.

The shipping software market research report delivers an acute valuation and taxonomy of the shipping software industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the shipping software industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the shipping software industry is provided for the leading economies of the world.

The shipping software market is segmented based on type, application and region. On the basis of type segmentation, the market is classified into cloud-based, and on-premise. Based on application, the market is segregated into contract logistics, air & ocean forwarding, CEF, and others.

Some of the essential players operating in the shipping software market, but not restricted to include

• Metapack
• Stamps.com
• ProShip Inc.
• Ship Solutions
• Logistyx Technologies
• ShipHawk
• Pitney Bowes
• Epicor Software Corporation
• Pierbridge
• Malvern Systems
• ReadyCloud LLC
• Shippo
• Teapplix
• Temando
• V-Technologies
• WiseTech Global

The taxonomy of the shipping software industry by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Cloud-based
• On-Premise

By Application Segmentation Analysis

• Contract Logistics
• Air & Ocean Forwarding
• CEF
• Others

Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa