Press release
Third-Party Logistics Software Market Competitive Landscape and Qualitative Analysis by 2032
Third-Party Logistics Software Market size was valued at USD 1012.28 Billion in 2021 and is projected to reach USD 2052.31 Billion by 2030, growing at a CAGR of 8.18% from 2022 to 2030.The feature that enables a manufacturer to contract out logistics and distribution tasks is third-party logistics. Cross-docking, inventory management, door-to-door delivery, and product packaging are some of the specific services that a 3PL provider can provide. Additionally, as manufacturers and retailers concentrate more on their core strengths and outsource processes like logistics, where they lack experience, the demand for this service is expected to increase in the near future.
Market Overview
Dynamic worldwide marketplaces and a growing global economy are the main forces behind globalisation. There have been more trade-related activities as a result of greater globalisation. As a result, it is challenging for manufacturers and retailers to effectively monitor and manage these processes. It is projected that this aspect will drive the industry. The growth of the third-party logistics, or 3 PL, business is also significantly attributed to the rise of the global market. For budget-conscious customers who need a bigger assortment of high-quality products delivered on schedule, 3PL services are crucial.
The Third-Party Logistics Software Market is growing as a result of globalisation and the increase in commercial activities. Retailers and manufacturers now put more of their attention into their core competencies while outsourcing less skilled tasks like logistics. Here, promoting distribution and manufacturing specialisation is the main goal. In order to maximise the usage of transportation assets and achieve economies of scale, 3PL companies must balance the needs of numerous client shipping companies throughout the transportation and logistics services. Offshoring and outsourcing lead to longer and more complicated supply chains.
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Global Third-Party Logistics Software Market: Major Players
OIA Globa
Agility Logistics
Panalpina
Ceva
Geodis
Bollore Logistics
XPO Logistics
Penske Logistics
Hyundai Glovis
UPS Supply Chain Solutions
Transplace
FedEx Supply Chain
Kuehne + Nagel
C.H. Robinson
DHL Supply Chain
Expeditors
DB Schenker
Global Third-Party Logistics Software Market: By Types
Cloud-Based
On-Premises
Global Third-Party Logistics Software Market: By Applications
Large Enterprises(1000+ Users)
Medium-Sized Enterprise(499-1000 Users)
Small Enterprises(1-499 Users)
Global Third-Party Logistics Software Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Third-Party Logistics Software market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Frequently Asked Questions About This Report
• How big is the third-party logistics market?
• Which region held the largest third-party logistics market share?
• Who are the key companies/players in the 3PL market?
• What is the third-party logistics market growth?
• What are the factors driving the third-party logistics market?
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