Pune, India, April 09, 2019 -- /360iResearch/ -- The report "Global Courier Management Software Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 681.54 million in 2018 and is projected to reach USD 1,491.57 million by 2025, growing at a CAGR of 11.84% from 2018 to 2025.
The major forces driving the growth of the courier management software market include the increase in the exchange of business letters and documents and real-time flexibility offered by courier management mobile applications. Moreover, reduced errors, increased number of deliveries, and increased transparency due to mobile app is also one of the factors that is driving the market growth. However certain factors such as the easy availability of open source software limiting the profitability may hinder the market growth. In the middle of difficulty lies opportunity such as the adoption of cloud-based courier management software in smes and large enterprises, and growing e-commerce industry and international trade. The possible challenges for the market growth is high maintenance cost and third party issues. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on function, the global courier management software market is studied across Barcode Support, Billing & Invoicing, Compensation Management, Customer Database, Dispatch Management, Job Assignment Management, Label Printing, Order Entry, Routing, and Scheduling. Based on deployment, the global courier management software market is studied across On-Premises, and on-cloud. Based on geography, the global courier management software market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the courier management software market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Citta Solutions Pvt Ltd., Datatrac Corporation, Innovative Informatics Pvt. Ltd., Insta Dispatch, Journease Software Limited, Key Software Systems, Metafour UK Ltd., Onfleet, Inc., Sagar Informatics Pvt. Ltd., Shipsy, Softec, and Xapp Digital Solutions.
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