Logistics SaaS Market To Grow At CAGR Of 10% Between 2022 And 2027

Logistics SaaS Market Analysis (2023 - 2030)

The logistics SaaS market is anticipated to increase by $ 2.92 billion between 2022 and 2027, at a CAGR of 10%, and it now holds the biggest market share. A logistics software as a service (SaaS) is a computer program that facilitates the integration of supply chain functions such as material handling, shipping, inventory, packaging, and security. Logistics SaaS assists businesses in running their production cycles smoothly and controls the assembly of pieces that go into the manufacturing process, such as organizing raw material deliveries and shipping the finished product to customers. Logistic SaaS is largely utilized in supply chain management to boost profit margins, reduce time, and provide businesses with a competitive edge.Enterprises can use logistics SaaS to automate the administration of transportation-related data, allowing them to evaluate the data and make informed decisions based on the findings.

COVID -19 Impact on the Market

During pandemics, most organizations use telecommuting modules. To manage their profitability, businesses are limiting their investment in new technologies and services. Due to a shortage of money, the majority of SMEs have had to shut down their operations to compete in the market. During the COVID 19 blockage, business process demand in the global logistics SaaS market is estimated to fall, then increase following the epidemic.

Market Drivers

  • Many businesses are turning to logistics software as a service to update and establish more productive business models that enable procedures that increase delivery, procurement, returns, and supply chain performance. Logistic SaaS is used to expedite the delivery of essentials while also assisting in the reduction of delivery times and production cycles by assisting in the selection of the most efficient delivery service.
  • Logistic SaaS assists you in calculating the complex numbers required for transportation data analysis. Not only is this inconvenient, but it is also prone to human error, which can be costly to the company. Logistics SaaS is a supply chain coordination and core integration service that offers a detailed breakdown of customer satisfaction as well as automated logistics operations, allowing solution providers to expand their business.

Logistics SaaS Market- Segmentation Analysis

  • The market will be segmented into on-premises and cloud-based deployments depending on the deployment. SaaS clouds are logistics and supply chain software systems meant to maximize corporate freight transit. The program is executed locally on the company's local server, and the system is managed completely by the IT department. With growing user and resource mobility, continued migration of applications to the cloud, and the introduction of more sophisticated threats, organizations are transitioning to on-premises environments. Companies that prioritize compliance, security, and user experiences, such as industry healthcare, BFSI, and the government, adopt on-premises deployment solutions. Major cloud providers are concentrating their efforts on growing their hybrid cloud presence.IBM, for example, purchased the Blue tab Solutions Group (Spain) in July 2021 to extend its data and on-premises cloud consulting market while also strengthening its regional position in Latin America and Europe.
  • The market is segmented into warehouse management, asset management, network management, network management, and data management based on this solution. Data management and analytics solutions are likely to have a bigger market share in the solutions sector throughout the forecast period. IoT devices may collect vast amounts of data and develop insights using data management software, which improves industry productivity.
  • The logistics SaaS market is being investigated in several regions, including North America, Asia Pacific, Europe, and others. Because of the expanding demand for high-end technology and the region's fast-growing electronics industry, Asia Pacific has the highest share of the logistics software market. The nations that contribute the most to the market's growth are China, India, and Japan. Rapid industrialization and digitization will boost market expansion in the Asia Pacific region during the forecast period. In terms of the European logistics SaaS market, Germany is projected to reach $ 1 million by 2027, with a CAGR of 2022-2027. North America's booming healthcare and IT sectors have contributed to the region's growing demand for logistics software. It will soon boost the region's logistics SaaS market's growth to attain its full potential.

Recent Developments

  • ORBCOMM Inc, a global provider of Internet of Things (IoT) solutions, announced the launch of its next-generation analytics and reporting platform in July 2020, which includes enhanced features such as advanced data insights and a dynamic user interface, giving customers a single, unified view of all their transportation asset types with a single sign-on
  • IBM unveiled the IBM Sterling Inventory Control Tower in June 2020 to assist businesses in better managing inventory and establishing robust supply chains. The AI-enabled IBM Sterling Inventory Control Tower helps organizations see, forecast, and more effectively act on inventory to better foresee disruptions, improve resiliency, manage exceptions, and respond to unplanned events.
  • Intel and Smart Navigation Systems joined in May 2020 to deliver the Intel Connected Logistic Platform to assist them to develop smart solutions for a variety of sectors and use cases, including warehouse management, freight management, logistics, and supply chain management.

Market Segmentation:

By Solution

  • Software
  • Service

By Deployment

  • Public
  • Private
  • Hybrid

By User Type

  • Large Enterprises
  • Small And Medium-Sized Enterprises

By Industry Vertical

  • Consumer Goods
  • Retail
  • Food And Beverages
  • Healthcare And Pharmaceuticals
  • Manufacturing
  • Logistics And Transportation
  • Others

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