From USD 604.3 million in 2023 to USD 1.52 billion by 2033, the multicarrier parcel management solutions software market is expected to grow at a CAGR of 9.7%.
The market has become critical during the ongoing coronavirus outbreak. The multicarrier parcel management solutions software company is expanding the availability of real-time shipment tracking and asset monitoring software by leveraging market opportunities.
As a result of volatile business activities, customers are hesitant to invest in multicarrier parcel management solutions software, limiting the market growth.
As a result, during the COVID-19 outbreak, an increase in the number of ecommerce start-ups has kept the market for multicarrier parcel management solutions software afloat.
The ability for shippers to have exclusive access to dashboards, reports, and other important measurements that allow for fair business decision-making is one of the major factors driving the multicarrier parcel management solutions software market.
Furthermore, by increasing the adoption of multicarrier parcel management solutions software among SEM companies, the adoption of multicarrier parcel management solutions software is expected to boost the market share of the multicarrier parcel management solutions software.
| Attributes | Details |
|---|---|
| Multicarrier Parcel Management Solutions Software Market CAGR (2023 to 2033) | 9.7% |
| Multicarrier Parcel Management Solutions Software Market Size (2023) | USD 604.3 million |
| Multicarrier Parcel Management Solutions Software Market Size (2033) | USD 1.52 billion |
The market is rushing to implement digital technologies as a way to streamline operations, create smarter ships and fleets, and better prepare for future challenges.
As consumer demand for multicarrier parcel management solutions software grows, global supply chains are growing and becoming more complex. The increased demand for products, ingredients, and raw materials directly impacts the environment.
Market players must implement new ways to streamline their supply chain and optimize productivity in today's highly competitive market.
End users can easily organize inventory data digitally, monitor and manage to track information, and create electronic invoices using multicarrier parcel management solutions software that incorporates cutting-edge technologies like AI, Big Data, and Analytics.
Multicarrier parcel management solutions software companies can save time and money by reducing the time spent shipping, receiving, tracking, and compiling order data.
Furthermore, more stringent environmental requirements continue to shape the transportation sector as transporters strive to maintain service levels while lowering costs and ensuring operational sustainability. This positively influences the multicarrier parcel management solutions software adoption trends.
As several countries have extended trade protection and changed policies regarding shipping, rising trade tensions between nations is one of the major factors limiting the market growth.
This has had an impact on the market for multicarrier parcel management solutions software digital transformation. Furthermore, rising trade tensions are stifling global trade and activity, which is stifling the market for multicarrier parcel management solutions software and opportunities.
Furthermore, the risks of trade tensions escalating and a broader reversal of globalization have clearly increased, affecting global consumption and employment. This is expected to have an impact on investment around the world, obstructing the resilience of global trade momentum. As a result, an increase in country-to-country conflict of interest could have a negative impact on the multicarrier parcel management solutions software market.
Companies in the multicarrier parcel management solutions software market have prioritized simplifying all aspects of multicarrier parcel management solutions software through enterprise-level tools.
On the same lines, startups are gaining traction, as their robust transportation management system aids in the multicarrier parcel management solutions software of same-day shipping and other business processes.
As a result, platforms that provide a single login for all logistics management, including inbound and outbound freight across parcel, ocean, and international air, are becoming increasingly popular, influencing the multicarrier parcel management solutions software market outlook.
Companies in the multicarrier parcel management solutions software market are creating platforms that allow users to connect with all shipping carriers and print labels with a single click. They offer solutions for managing pricing and stock levels across all sales channels from a single platform, an emerging market trend.
Stakeholders in the market are developing platforms that make bulk ordering, return form printing, and invoice printing a breeze which is an emerging trend in multicarrier parcel management solutions software market.
| Regions | CAGR (2023 to 2033) |
|---|---|
| United States | 17.9% |
| United Kingdom | 8.5% |
| China | 10.4% |
| Japan | 5.2% |
| North America | 31.2% |
Due to rapid urbanization, increased online business, and rising adoption of multicarrier parcel management solutions software and new technologies such as robotics, artificial intelligence, machine learning, Internet of Things, Blockchain, and drones, the multicarrier parcel management solutions software has a presence in all regions including North America, Europe, and the Asia Pacific.
The adoption of multicarrier parcel management solutions software increases its efficiency in delivering parcels and goods.
This factor aided multicarrier parcel management solutions software expansion in all regions. The multicarrier parcel management solutions software market growth is fueled by increased spending capacity and online business.
The United States’ multicarrier parcel management solutions software market is expected to grow with a CAGR of 17.9% over the forecast period. The explosive growth of E-commerce companies in the United States is the main driving force behind the market expansion.
Major E-commerce companies, such as Amazon and Flipkart in India and Alibaba in China, use multicarrier parcel management solutions software to manage their global supply chains.
North America is anticipated to have the second-largest multicarrier parcel management solutions software market share due to its early adoption of it.
New research report on multicarrier parcel management solutions software market shows that the legacy players in the market are concentrating on delivering solutions that meet specific needs, such as the installation of various technologies and the update and extension of current systems that is likely to boost the market for multicarrier parcel management solutions software along with the adoption trends.
Centiro, ConnectShip, Inc., MetaPack, ProShip, Inc., and Pitney Bowes Inc. dominate the multicarrier parcel management solutions software market.
Recent Development in the Multicarrier Parcel Management Solutions Software Market:
Key Players
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033
Table 4: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 5: North America Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 6: North America Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033
Table 7: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 8: Latin America Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 9: Latin America Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033
Table 10: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 11: Western Europe Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 12: Western Europe Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033
Table 13: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Eastern Europe Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 15: Eastern Europe Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033
Table 16: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 17: South Asia and Pacific Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 18: South Asia and Pacific Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033
Table 19: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 20: East Asia Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 21: East Asia Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033
Table 22: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 23: Middle East and Africa Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 24: Middle East and Africa Market Value (US$ Million) Forecast by Organization Size, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Organization Size, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 7: Global Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 8: Global Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 9: Global Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 10: Global Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033
Figure 13: Global Market Attractiveness by Deployment, 2023 to 2033
Figure 14: Global Market Attractiveness by Organization Size, 2023 to 2033
Figure 15: Global Market Attractiveness by Region, 2023 to 2033
Figure 16: North America Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 17: North America Market Value (US$ Million) by Organization Size, 2023 to 2033
Figure 18: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 19: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 22: North America Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 23: North America Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 24: North America Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 25: North America Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033
Figure 28: North America Market Attractiveness by Deployment, 2023 to 2033
Figure 29: North America Market Attractiveness by Organization Size, 2023 to 2033
Figure 30: North America Market Attractiveness by Country, 2023 to 2033
Figure 31: Latin America Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 32: Latin America Market Value (US$ Million) by Organization Size, 2023 to 2033
Figure 33: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 34: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033
Figure 41: Latin America Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033
Figure 43: Latin America Market Attractiveness by Deployment, 2023 to 2033
Figure 44: Latin America Market Attractiveness by Organization Size, 2023 to 2033
Figure 45: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 46: Western Europe Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 47: Western Europe Market Value (US$ Million) by Organization Size, 2023 to 2033
Figure 48: Western Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 49: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 50: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 51: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 52: Western Europe Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 53: Western Europe Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 54: Western Europe Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 55: Western Europe Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033
Figure 56: Western Europe Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033
Figure 57: Western Europe Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033
Figure 58: Western Europe Market Attractiveness by Deployment, 2023 to 2033
Figure 59: Western Europe Market Attractiveness by Organization Size, 2023 to 2033
Figure 60: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 61: Eastern Europe Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 62: Eastern Europe Market Value (US$ Million) by Organization Size, 2023 to 2033
Figure 63: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 64: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 65: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 66: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 67: Eastern Europe Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 68: Eastern Europe Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 69: Eastern Europe Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 70: Eastern Europe Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033
Figure 71: Eastern Europe Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033
Figure 72: Eastern Europe Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033
Figure 73: Eastern Europe Market Attractiveness by Deployment, 2023 to 2033
Figure 74: Eastern Europe Market Attractiveness by Organization Size, 2023 to 2033
Figure 75: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 76: South Asia and Pacific Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 77: South Asia and Pacific Market Value (US$ Million) by Organization Size, 2023 to 2033
Figure 78: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 79: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 80: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 81: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 82: South Asia and Pacific Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 83: South Asia and Pacific Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 84: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 85: South Asia and Pacific Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033
Figure 86: South Asia and Pacific Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033
Figure 87: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033
Figure 88: South Asia and Pacific Market Attractiveness by Deployment, 2023 to 2033
Figure 89: South Asia and Pacific Market Attractiveness by Organization Size, 2023 to 2033
Figure 90: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 91: East Asia Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 92: East Asia Market Value (US$ Million) by Organization Size, 2023 to 2033
Figure 93: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 94: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 95: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 96: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 97: East Asia Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 98: East Asia Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 99: East Asia Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 100: East Asia Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033
Figure 101: East Asia Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033
Figure 102: East Asia Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033
Figure 103: East Asia Market Attractiveness by Deployment, 2023 to 2033
Figure 104: East Asia Market Attractiveness by Organization Size, 2023 to 2033
Figure 105: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 106: Middle East and Africa Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 107: Middle East and Africa Market Value (US$ Million) by Organization Size, 2023 to 2033
Figure 108: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 109: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 110: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 111: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 112: Middle East and Africa Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 113: Middle East and Africa Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 114: Middle East and Africa Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 115: Middle East and Africa Market Value (US$ Million) Analysis by Organization Size, 2018 to 2033
Figure 116: Middle East and Africa Market Value Share (%) and BPS Analysis by Organization Size, 2023 to 2033
Figure 117: Middle East and Africa Market Y-o-Y Growth (%) Projections by Organization Size, 2023 to 2033
Figure 118: Middle East and Africa Market Attractiveness by Deployment, 2023 to 2033
Figure 119: Middle East and Africa Market Attractiveness by Organization Size, 2023 to 2033
Figure 120: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
The market is expected to generate revenue of USD 604.3 million in 2023.
Surging adoption of technology-related items is driving software sales.
The heightened adoption of cloud technology is generating new market opportunities.
The evolution of Big Data Technology and IoT is setting the pace of the market’s future.
North America has a sizeable market share.
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Multicarrier Parcel Management Solutions Software Market
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