The Shipping Software Market size was valued at USD 2.65 billion in 2022 and is expected to hit USD 4.48 billion by 2030 with a growing of CAGR of 6.8% over the forecast period of 2023-2030.
Shipping software offers order shipping optimization, automation, and management, encompassing rate tracking, route selection, and order bundling for streamlined delivery. Additionally, it provides comprehensive delivery tracking. This versatile tool caters to vendors, and potentially their customers, enabling them to effortlessly monitor shipments, receive real-time updates on the shipment status, and even track the whereabouts of parcels. Shipping software is specifically designed to meet the requirements of merchants and enterprises engaged in high-volume e-commerce. Consequently, it seamlessly integrates with e-commerce platforms, point-of-sale systems, as well as order management and inventory tracking software.
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The Shipping Software Market can be categorized into two main segments based on deployment: On-premises and Cloud-based. Among these, Cloud-based software holds the dominant position. This segment not only helps in reducing overall costs but also provides clients with highly flexible and scalable access. By utilizing cloud-based software offered by providers, clients can save money on infrastructure. However, security remains a significant concern that hinders widespread adoption. To address this concern, third-party security testing is being conducted to ensure the highest standards. In light of the advantages it offers, most vendors are transitioning from on-premises deployment to Software as a Service (SaaS)-based software.
Drivers
New shipping techniques and services emerging.
Expanding world trade.
The growing trend of online shopping has resulted in a significant rise in the need for shipping software.
The growing trend of online shopping has resulted in a significant rise in the need for shipping software. Businesses are actively seeking ways to streamline and automate their shipping processes in order to enhance efficiency. By utilizing shipping software, companies can effectively reduce shipping expenses by gaining access to real-time information on shipping rates and delivery schedules. This enables them to make well-informed decisions and optimize their shipping operations accordingly. Moreover, the emergence of cross-border e-commerce has added complexity to the shipping landscape, with the introduction of customs forms, duties, and regulations. Shipping software plays a crucial role in helping businesses navigate through this intricate web of requirements and ensures compliance with international shipping regulations.
Restrains
The escalating trade tensions among nations have emerged as a significant impediment to the growth of the shipping software industry.
The growth of the Shipping Software Market is being hindered by the increasing trade tensions between nations, as various countries have implemented trade protection measures and altered shipping regulations. This has significantly impacted the digital transformation of the shipping industry. Moreover, the escalating trade tensions are constraining global trade and activity, thereby limiting the growth of the worldwide Shipping Software Market.
Opportunities
Internet of Things (IoT) and the spread of smart devices.
Marine safety is governed by strict standards.
The adoption of shipping software among SMEs in the logistics industry is projected to offer a lucrative opportunity.
Challenges
The absence of technical proficiency in handling intricate software poses a significant challenge.
The conflict in Ukraine, a key transit country for goods traveling between Europe and Asia, could disrupt global supply chains. Shipping companies may face challenges in ensuring the smooth flow of goods, and this could increase the demand for shipping software that helps optimize routes, track shipments, and manage inventory more efficiently. As geopolitical tensions rise, there may be a greater emphasis on security within the shipping industry. Shipping software providers may need to enhance their security features to protect sensitive data and ensure the safe passage of goods. Conflict in the region can impact oil prices, which in turn affect the operating costs of shipping companies. Shipping software that includes fuel optimization and cost management features may become more attractive to companies seeking to mitigate rising fuel expenses. Geopolitical conflicts can lead to changes in international regulations, tariffs, and trade agreements. Shipping software may need to adapt to these changes to ensure compliance and facilitate international trade. The war has had a significant impact on vessels operating in the Black Sea and those involved in trade with Russia. Ukraine's key ports, such as Odessa, were forced to shut down due to the conflict and a naval blockade imposed by Russia. This closure affected the transportation of over 70.12% of Ukraine's exports, including a staggering 98.7% of its corn exports. Consequently, numerous ships found themselves trapped in ports or anchored, while thousands of Russian and Ukrainian crews faced an uncertain future, unable to disembark or return home. Furthermore, Russian vessels encountered additional challenges as they were prohibited from entering ports in the UK and EU. Many of these ships were even detained due to suspected violations of sanctions. With supply chain disruptions and uncertainty in the market, shipping companies may need advanced analytics capabilities to better forecast demand, manage inventory, and optimize operations. Shipping software with robust analytics tools may see increased adoption.
Impact of Recession
Companies may postpone or cancel plans to upgrade or purchase new shipping software solutions during a recession due to financial constraints. This can result in a slowdown in sales and revenue growth for shipping software providers. Businesses may become more price-sensitive during economic downturns, seeking cost-effective solutions. Shipping software providers may face increased pressure to offer competitive pricing and flexible payment options to attract and retain customers. While demand may decrease, companies may also place a higher emphasis on improving efficiency and reducing operational costs during a recession. This could drive interest in shipping software that promises to optimize supply chain operations. Customer priorities may shift during a recession. Businesses may look for shipping software that helps them manage inventory more efficiently, reduce shipping costs, or adapt to changing market conditions. Economic downturns can lead to changes in government policies and regulations, which may have a direct or indirect impact on the shipping industry. Shipping software providers may need to adapt to new compliance requirements. Recessions can disrupt global supply chains, creating challenges for shipping companies. Shipping software that offers real-time tracking and visibility into supply chain disruptions may become more valuable.
By Deployment
On-premise
Cloud
By Component
Software
Services
By Application
Retail & eCommerce
3PL/Contract Logistics
Courier & Postal Services
Freight/Cargo Forwarding
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Asia Pacific is expected to emerge as the fastest-growing region, with a Compound Annual Growth Rate (CAGR) of 9.12 % from 2022 to 2030. This growth can be attributed to the increasing trade activities across emerging economies, such as China and India. Furthermore, the region is experiencing rising investments in warehousing and transportation networks, which are anticipated to drive the demand for global shipping management software. Moreover, the growing e-commerce activities have led retailers from developed countries like the U.S., UK, Germany, etc., to expand their operations in Asia Pacific. This has further contributed to the region's growth potential in the shipping management software industry. North America accounted for more than 24.3% of the revenue share within the global industry. This can be attributed to the high awareness among users regarding the benefits associated with GSM solutions, coupled with the presence of major vendors based in the region.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major players in the market are Descartes System Group, Proship Inc., Oracle Corporation, Logistyx Technologies, Webgility Inc., AfterShip, Ordoro, Inc., Interapptive, Inc., SAP SE, XPS Parcel, EASYPOST, Metapack, Jolly Technologies Inc., and others in final Report.
In November 2022, ShipTrack will be launching its shipment monitoring solutions and cloud-based mobile resource management platform.
In August 2022, The Descartes Systems Group Company made an exciting announcement regarding their new Internet-based transportation management system, known as e-TMS. This innovative system offers comprehensive features for third-party logistics providers (3PLs) and hosted transport management. It includes functionalities such as multi-modal carrier assignment, transport order management, a multi-modal rating engine, rate shopping, integrated invoicing and accounting capabilities, as well as load tendering.
In July 2020, Pitney Bowes, Inc. unveiled its groundbreaking shipping solution, SendPro+. This innovative platform empowers companies to effortlessly choose the optimal shipping method for every parcel and letter, leveraging the services of esteemed carriers such as Royal Mail and Parcelforce Worldwide.
| Report Attributes | Details |
| Market Size in 2022 | US$ 2.65 Bn |
| Market Size by 2030 | US$ 4.48 Bn |
| CAGR | CAGR of 6.8 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Deployment (On-premise, Cloud) • By Component (Software, Services) • By Application (Retail & eCommerce, 3PL/Contract Logistics, Courier & Postal Services, Freight/Cargo Forwarding) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Descartes System Group, Proship Inc., Oracle Corporation, Logistyx Technologies, Webgility Inc., AfterShip, Ordoro, Inc., Interapptive, Inc., SAP SE, XPS Parcel, EASYPOST, Metapack, Jolly Technologies Inc |
| Key Drivers | • New shipping techniques and services emerging. • Expanding world trade. • The growing trend of online shopping has resulted in a significant rise in the need for shipping software. |
| Market Restraints | • The escalating trade tensions among nations have emerged as a significant impediment to the growth of the shipping software industry. |
Ans: The value of the Shipping Software Market was 2.65 billion in 2022.
Ans. The CAGR of the Shipping Software Market is 6.8 %.
Ans: Yes, you can ask for the customization as pas per your business requirement.
Ans. The forecast period of the Shipping Software Market is 2022-2030.
Ans. The three segments are covered in this Shipping Software Market, By Deployment, By Component, By Application.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Shipping Software Market Segmentation, By Deployment
8.1 On-premise
8.2 Cloud
9. Shipping Software Market Segmentation, By Component
9.1 Software
9.2 Services
10. Shipping Software Market Segmentation, By Application
10.1 Retail & eCommerce
10.2 3PL/Contract Logistics
10.3 Courier & Postal Services
10.4 Freight/Cargo Forwarding
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Shipping Software Market By Country
11.2.2North America Shipping Software Market By Deployment
11.2.3 North America Shipping Software Market By Component
11.2.4 North America Shipping Software Market By Application
11.2.5 USA
11.2.5.1 USA Shipping Software Market By Deployment
11.2.5.2 USA Shipping Software Market By Component
11.2.5.3 USA Shipping Software Market By Application
11.2.6 Canada
11.2.6.1 Canada Shipping Software Market By Deployment
11.2.6.2 Canada Shipping Software Market By Component
11.2.6.3 Canada Shipping Software Market By Application
11.2.7 Mexico
11.2.7.1 Mexico Shipping Software Market By Deployment
11.2.7.2 Mexico Shipping Software Market By Component
11.2.7.3 Mexico Shipping Software Market By Application
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Shipping Software Market By Country
11.3.1.2 Eastern Europe Shipping Software Market By Deployment
11.3.1.3 Eastern Europe Shipping Software Market By Component
11.3.1.4 Eastern Europe Shipping Software Market By Application
11.3.1.5 Poland
11.3.1.5.1 Poland Shipping Software Market By Deployment
11.3.1.5.2 Poland Shipping Software Market By Component
11.3.1.5.3 Poland Shipping Software Market By Application
11.3.1.6 Romania
11.3.1.6.1 Romania Shipping Software Market By Deployment
11.3.1.6.2 Romania Shipping Software Market By Component
11.3.1.6.4 Romania Shipping Software Market By Application
11.3.1.7 Turkey
11.3.1.7.1 Turkey Shipping Software Market By Deployment
11.3.1.7.2 Turkey Shipping Software Market By Component
11.3.1.7.3 Turkey Shipping Software Market By Application
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Shipping Software Market By Deployment
11.3.1.8.2 Rest of Eastern Europe Shipping Software Market By Component
11.3.1.8.3 Rest of Eastern Europe Shipping Software Market By Application
11.3.2 Western Europe
11.3.2.1 Western Europe Shipping Software Market By Deployment
11.3.2.2 Western Europe Shipping Software Market By Component
11.3.2.3 Western Europe Shipping Software Market By Application
11.3.2.4 Germany
11.3.2.4.1 Germany Shipping Software Market By Deployment
11.3.2.4.2 Germany Shipping Software Market By Component
11.3.2.4.3 Germany Shipping Software Market By Application
11.3.2.5 France
11.3.2.5.1 France Shipping Software Market By Deployment
11.3.2.5.2 France Shipping Software Market By Component
11.3.2.5.3 France Shipping Software Market By Application
11.3.2.6 UK
11.3.2.6.1 UK Shipping Software Market By Deployment
11.3.2.6.2 UK Shipping Software Market By Component
11.3.2.6.3 UK Shipping Software Market By Application
11.3.2.7 Italy
11.3.2.7.1 Italy Shipping Software Market By Deployment
11.3.2.7.2 Italy Shipping Software Market By Component
11.3.2.7.3 Italy Shipping Software Market By Application
11.3.2.8 Spain
11.3.2.8.1 Spain Shipping Software Market By Deployment
11.3.2.8.2 Spain Shipping Software Market By Component
11.3.2.8.3 Spain Shipping Software Market By Application
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Shipping Software Market By Deployment
11.3.2.9.2 Netherlands Shipping Software Market By Component
11.3.2.9.3 Netherlands Shipping Software Market By Application
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Shipping Software Market By Deployment
11.3.2.10.2 Switzerland Shipping Software Market By Component
11.3.2.10.3 Switzerland Shipping Software Market By Application
11.3.2.11.1 Austria
11.3.2.11.2 Austria Shipping Software Market By Deployment
11.3.2.11.3 Austria Shipping Software Market By Component
11.3.2.11.4 Austria Shipping Software Market By Application
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Shipping Software Market By Deployment
11.3.2.12.2 Rest of Western Europe Shipping Software Market By Component
11.3.2.12.3 Rest of Western Europe Shipping Software Market By Application
11.4 Asia-Pacific
11.4.1 Asia-Pacific Shipping Software Market By Country
11.4.2 Asia-Pacific Shipping Software Market By Deployment
11.4.3 Asia-Pacific Shipping Software Market By Component
11.4.4 Asia-Pacific Shipping Software Market By Application
11.4.5 China
11.4.5.1 China Shipping Software Market By Deployment
11.4.5.2 China Shipping Software Market By Component
11.4.5.3 China Shipping Software Market By Application
11.4.6 India
11.4.6.1 India Shipping Software Market By Deployment
11.4.6.2 India Shipping Software Market By Component
11.4.6.3 India Shipping Software Market By Application
11.4.7 Japan
11.4.7.1 Japan Shipping Software Market By Deployment
11.4.7.2 Japan Shipping Software Market By Component
11.4.7.3 Japan Shipping Software Market By Application
11.4.8 South Korea
11.4.8.1 South Korea Shipping Software Market By Deployment
11.4.8.2 South Korea Shipping Software Market By Component
11.4.8.3 South Korea Shipping Software Market By Application
11.4.9 Vietnam
11.4.9.1 Vietnam Shipping Software Market By Deployment
11.4.9.2 Vietnam Shipping Software Market By Component
11.4.9.3 Vietnam Shipping Software Market By Application
11.4.10 Singapore
11.4.10.1 Singapore Shipping Software Market By Deployment
11.4.10.2 Singapore Shipping Software Market By Component
11.4.10.3 Singapore Shipping Software Market By Application
11.4.11 Australia
11.4.11.1 Australia Shipping Software Market By Deployment
11.4.11.2 Australia Shipping Software Market By Component
11.4.11.3 Australia Shipping Software Market By Application
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Shipping Software Market By Deployment
11.4.12.2 Rest of Asia-Pacific Shipping Software Market By Component
11.4.12.3 Rest of Asia-Pacific Shipping Software Market By Application
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Shipping Software Market By Country
11.5.1.2 Middle East Shipping Software Market By Deployment
11.5.1.3 Middle East Shipping Software Market By Component
11.5.1.4 Middle East Shipping Software Market By Application
11.5.1.5 UAE
11.5.1.5.1 UAE Shipping Software Market By Deployment
11.5.1.5.2 UAE Shipping Software Market By Component
11.5.1.5.3 UAE Shipping Software Market By Application
11.5.1.6 Egypt
11.5.1.6.1 Egypt Shipping Software Market By Deployment
11.5.1.6.2 Egypt Shipping Software Market By Component
11.5.1.6.3 Egypt Shipping Software Market By Application
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Shipping Software Market By Deployment
11.5.1.7.2 Saudi Arabia Shipping Software Market By Component
11.5.1.7.3 Saudi Arabia Shipping Software Market By Application
11.5.1.8 Qatar
11.5.1.8.1 Qatar Shipping Software Market By Deployment
11.5.1.8.2 Qatar Shipping Software Market By Component
11.5.1.8.3 Qatar Shipping Software Market By Application
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Shipping Software Market By Deployment
11.5.1.9.2 Rest of Middle East Shipping Software Market By Component
11.5.1.9.3 Rest of Middle East Shipping Software Market By Application
11.5.2 Africa
11.5.2.1 Africa Shipping Software Market By Country
11.5.2.2 Africa Shipping Software Market By Deployment
11.5.2.3 Africa Shipping Software Market By Component
11.5.2.4 Africa Shipping Software Market By Application
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Shipping Software Market By Deployment
11.5.2.5.2 Nigeria Shipping Software Market By Component
11.5.2.5.3 Nigeria Shipping Software Market By Application
11.5.2.6 South Africa
11.5.2.6.1 South Africa Shipping Software Market By Deployment
11.5.2.6.2 South Africa Shipping Software Market By Component
11.5.2.6.3 South Africa Shipping Software Market By Application
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Shipping Software Market By Deployment
11.5.2.7.2 Rest of Africa Shipping Software Market By Component
11.5.2.7.3 Rest of Africa Shipping Software Market By Application
11.6 Latin America
11.6.1 Latin America Shipping Software Market By Country
11.6.2 Latin America Shipping Software Market By Deployment
11.6.3 Latin America Shipping Software Market By Component
11.6.4 Latin America Shipping Software Market By Application
11.6.5 Brazil
11.6.5.1 Brazil Shipping Software Market By Deployment
11.6.5.2 Brazil Shipping Software Market By Component
11.6.5.3 Brazil Shipping Software Market By Application
11.6.6 Argentina
11.6.6.1 Argentina Shipping Software Market By Deployment
11.6.6.2 Argentina Shipping Software Market By Component
11.6.6.3 Argentina Shipping Software Market By Application
11.6.7 Colombia
11.6.7.1 Colombia America Shipping Software Market By Deployment
11.6.7.2 Colombia America Shipping Software Market By Component
11.6.7.3 Colombia America Shipping Software Market By Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Shipping Software Market By Deployment
11.6.8.2 Rest of Latin America Shipping Software Market By Component
11.6.8.3 Rest of Latin America Shipping Software Market By Application
12. Company profile
12.1 Descartes System Group
12.1.1 Company Overview
12.1.2 Financials
12.1.3 Speed/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Proship Inc.
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Speed/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Oracle Corporation
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Speed/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Logistyx Technologies
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Speed/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Webgility Inc.
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Speed/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 AfterShip
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Speed/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Ordoro, Inc.
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Speed/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Interapptive, Inc.
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Speed/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 SAP SE
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Speed/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 XPS Parcel
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Speed/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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