Market Overview for Logistics Management sms gateway Emerging technologies such as cloud computing, Internet of Things, and AI, facilitate a flourishing future for the logistics management software market. The demand for logistics software solutions is increasing due to availability of emerging digital technologies for a much lower price as compared to the past. Hence, more and more.
Researchers estimate that logistics software solutions can save five to ten percent for the transportation expenses. And Transport & Logistic companies seem positive to reap these benefits, as the global market for transportation management is estimated to reach $30billion by 2025. The market size was $9.6 billion in 2016, and will grow with a compound annual growth rate (CAGR) of 13.6 percent.
The following report by Statista, shows the world’s top freight transportation companies (in terms of annual revenue) in 2018. The report also stated that transportation and logistics management software implementation helped companies achieve such results.Transportation & Logistic businesses are realizing significant business value in investing in logistics management softwares.
Deutsche Post DHL believes that conventionally, logistics management softwares was accessible only to large Transport & Logistic companies due to the implementation complexity and the cost associated with setup and management. However, the rise of new technologies and their integration capabilities, have significantly reduced the time and cost required for these software solutions. As a result, companies of different sizes have now started adopting logistics management software solutions.