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Delivery Management Software Market Report 2024 - Market Share Analysis And Trends
Delivery Management Software Global Market Report 2024
According to The Business Research Company's, The delivery management software market size has grown rapidly in recent years. It will grow from $2.51 billion in 2023 to $2.83 billion in 2024 at a compound annual growth rate (CAGR) of 12.7%. The growth in the historic period can be attributed to the demand for transparency and accountability, urbanization and population growth, the rise of on-demand services, and a focus on sustainability.
The delivery management software market size is expected to see rapid growth in the next few years. It will grow to $4.63 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to the demand for contactless delivery solutions, demand for real-time tracking, focus on customer experience, demand for route optimization, and increased competition. Major trends in the forecast period include technological innovations, mobile technology advancements, integration with Internet of Things devices, and artificial intelligence (AI)-powered predictive maintenance.
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Market Drivers and Trends:
The growing penetration of e-commerce is expected to propel the growth of the delivery management software market going forward. E-commerce refers to the online business model facilitating the exchange of goods and services through the Internet. The growing penetration of e-commerce is driven by convenience, expanding internet access, and shifting consumer preferences towards online shopping. Delivery management software in e-commerce optimizes delivery routes, provides real-time tracking, and enhances the customer experience by ensuring timely and transparent deliveries, thereby increasing operational efficiency and customer satisfaction. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, in 2023, e-commerce sales were projected to reach $1,118.7 billion, marking a 7.6% (±1.2%) increase from 2022, while total retail sales saw a 2.1% (±0.4%) rise over the same period. In 2023, e-commerce sales constituted 15.4% of total sales, compared to 14.7% in 2022. Therefore, the growing penetration of e-commerce is driving the growth of the delivery management software market.
Major companies operating in the diagnostic X-ray system market are developing new X-ray systems that are based on advanced technology such as artificial intelligence, to enhance diagnostic capabilities, improve workflow efficiency, and optimize patient care. Artificial intelligence (AI) refers to the use of machine learning algorithms and computer vision techniques to analyze and interpret X-ray images for medical purposes. For instance, in December 2023, DeepTek.ai, an India-based medical imaging AI-based startup, launched the Augmento X-Ray, an FDA-cleared CADe chest X-Ray solution powered by AI that aims to alleviate radiologist workload and elevate chest X-ray reporting quality. It reduces radiologist workload by 30-50%, streamlines workflow, and improves patient care by offering detailed analysis for various lung, pleura, and cardiac conditions, as well as detecting foreign objects within the chest.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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Major Key Players of the Market:
Uber Technologies Inc., DoorDash Inc., Postmates Inc., Zetes Group, Descartes Systems Group, Kerridge Commercial Systems Information, Metapack Ltd, Bringg Delivery Technologies Ltd, WorkWave LLC, Jungleworks, Mara Labs Inc., Mobisoft Infotech LLC, parcelLab GmbH, Loginext Solutions Private Limited, Route4Me Inc., Tookan Limited, Roadie Inc., Bringoz Technologies, GetSwift Limited, DispatchTrack, Zippykind, Deliforce Technologies Private Limited, Shipox Inc., Routific Solutions Inc.
Delivery Management Software Market 2024 Key Insights:
• The delivery management software market size is expected to see rapid growth in the next few years. It will grow to $4.63 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%.
• E-commerce Expansion Fuels Growth Of The Delivery Management Software Market
• Innovative Solutions Drive Revenue Growth In The Delivery Management Software Market
• Asia-Pacific was the largest region in the delivery management software market in 2023
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