Courier Management Software Market is expected to reach US$ 908.4 million by 2027

According to our latest market study on “Courier Management Software Market to 2027 – COVID-19 Impact, and Global Analysis and Forecast – by Deployment Type (Cloud and On-Premise); Enterprise Size (Small and Medium-Size Enterprises and Large Enterprises); and Geography,” the market was valued at US$ 392.5 million in 2019 and is projected to reach US$ 908.4 million by 2027; it is expected to grow at a CAGR of 11.6% from 2020 to 2027.  

In 2019, APAC led the global courier management software market with 31.32% revenue share, followed by Europe, and North America. APAC includes Australia, China, India, Japan, South Korea, and Rest of APAC. APAC is the world's largest continent and is well known for its technological innovations in the above-mentioned countries. The integration with advanced technologies has created more opportunities to expand the courier management software market. The digitalization over the cloud has increased the number of new apps to store the data. For instance, in OnTime 360, Onfleet, GSMtasks, Digital Waybill are some of the best international courier that is located in different countries. In addition, the courier industry in the region is highly vibrant and is driven by various factors. The factors that are driving the changes in the industry are technological advancement, which is leading to digitalization, and business expansion of foreign companies in APAC region.

Automated solutions are important both in the public and private sectors. There are various organizations offering solutions to both these sectors. Courier Software Ltd offers solutions such as AIMS Web Services, AIMS Driver App, AIMS Booking Sites, and AIMS Express for the European customers. In APAC the rapid developments in technologies, digitalization of economies, and adequate support by governments are among the factors contributing to the smooth evolution of these economies from the  developing to developed stage. The demand for automated solutions is expected to grow substantially during the forecast period, with the growing penetration of cloud-based (majorly in East Asian countries).

Companies adopt inorganic market strategies to expand their footprints across the world and meet the growing demand. The courier management software market players mainly focus on the acquisition strategy to expand their business and maintain their brand name globally. For instance, in 2020, ClickSWITCH, declared a partnership with Newgen Software Technologies to deliver mutual customers a seamless integrated experience.

Impact of COVID-19 on Courier Management Software market

The commencement of the COVID-19 epidemic has caused momentous supply chain and logistics disruptions across the world. The COVID-19 pandemic is one of the largest disrupting forces, with the region’s continuing to combat outbreaks and significant community spread. A huge increase in the number of confirmed cases and rising reported deaths in the country has affected software providers to some extent due to the decrease in demand for their products. The business shutdowns as well as disruption in supply chain across the world are impacting the adoption of the courier management software market. The North America region is home to a large number of technology companies, and the impact of COVID-19 outbreak is anticipated to be moderate in the year 2020 and likely in first quarter of 2021. The impact of COVID-19 is short-term; it is likely to decrease in the coming years.

Courier Management Software Market — Geographic Breakdown, 2019

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Courier Management Software Market to Grow at a CAGR of 11.6% to reach US$ 908.4 million from 2020 to 2027

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Courier Management Software Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Deployment Type (Cloud and On-Premise), and Enterprise Size (Small and Medium-Size Enterprises and Large Enterprises)

The report segments the global courier management software market as follows:

By Deployment Type

• Cloud
• On-Premise

By Enterprise Size

• Small and Medium-Size Enterprises
• Large Enterprises

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC
• Middle East and Africa (MEA)
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA
• South America (SAM)
  • Brazil
  • Argentina
  • Rest of SAM