Market Introduction
The US, Canada, and Mexico are the key economies in North America. Technological advancements across North America have made it a highly competitive marketplace. The companies in the region are continuously enhancing their overall business processes to meet customers' demand for high-quality products and services in the best possible way. In addition to several significant advancements in technologies, supporting the launch of innovative applications, the growing trend of digitalization of economies is fueling the courier management software market in North America.
Market Overview and Dynamics
The North America courier management software market was valued at US$ 120.4 million in 2021 and is projected to reach US$ 218.5 million by 2028; it is expected to grow at a CAGR of 8.9% from 2021 to 2028.
The growing e-commerce sector and high investments in supply chain management are fueling the demand for courier management software in North America, and the US leads the market in this region. The prominence of online buying of commercial and domestic goods calls for reliable platforms for end-to-end courier needs. The Digital Waybill courier software used in the US is fully integrated with Google Maps, automatically determining the best route based on delivery priorities; it also allows users to track the drivers with the help of the GPS tracking feature. Similarly, Onfleet is among the easiest solutions to manage and optimize last-mile deliveries, and many companies trust this software to manage their local deliveries. Zepo Couriers, Shipway Courier, MicroDot Order Tracker, etc., are other courier management software solutions designed to handle logistics operations of e-commerce companies, courier businesses, and so on. The rising popularity of same-day and one-day delivery is one of the significant factors boosting this courier management software market in North America.
Key Market Segments
The North America courier management software market is segmented on the bases of deployment type, enterprise size, and country. Based on deployment type, the market is bifurcated into cloud and on-premise. The cloud segment is expected to hold a larger share of the market in 2021; the cloud-based software solutions deliver end-to-end- encryption to ensure easy scalability, greater computing power, and higher storage capacities. They enable highly productive service and management capabilities without the need to set up and maintain IT infrastructure. In terms of enterprise size, the courier management software market is segmented into SMEs and large enterprises. In 2021, the large enterprises segment held a larger market share. Large enterprises across the world are focused on cost optimization and overall productivity improvement, which is compelling them to analyze customer feedback, trace parcels in real-time, and have real-time visibility of business process; these requirements are boosting the adoption of the courier management software. By country, the North America region is segmented into US, Canada, and Mexico.
Major Sources and Companies Listed
A few major primary and secondary sources referred to while preparing the report on the Europe courier management software market are company websites, annual reports, financial reports, national government documents, and statistical database. Citta Solutions Private Limited, Deliforce Technologies Private Limited, Elluminati Inc., FreshBooks, Getswift Limited, Jungleworks, Loginext Solutions Inc., Mobisoft Infotech LLC, Shipox, and Softpal Technologies Pvt. Ltd. are among the major companies listed in the market report.
Reasons to Buy Report
North America Courier Management Software Market Segmentation
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 120.4 Million |
| Market Size by 2028 | US$ 218.5 Million |
| CAGR (2021 - 2028) | 8.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Deployment Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Courier Management Software Market is valued at US$ 120.4 Million in 2021, it is projected to reach US$ 218.5 Million by 2028.
As per our report North America Courier Management Software Market, the market size is valued at US$ 120.4 Million in 2021, projecting it to reach US$ 218.5 Million by 2028. This translates to a CAGR of approximately 8.9% during the forecast period.
The North America Courier Management Software Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Courier Management Software Market report:
The North America Courier Management Software Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Courier Management Software Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Courier Management Software Market value chain can benefit from the information contained in a comprehensive market report.
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