The Global Last Mile Delivery Software Market for last-mile delivery software was estimated to be worth over $7 Billion. The market is anticipated to reach a valuation of around US $ 16.7 Billion by the end of 2032 with a CAGR of 8.1% over the following ten years.
Couriers, Express, and Parcels are likely to provide a significant portion of market revenue by 2032, with a predicted CAGR of 7.7%, according to Future Market Insights’ report. The top test category among them is On-Premise Last-Mile Delivery Management Software, with a CAGR of 7.9% over the projection period. Due to its traits of cost optimization and maximising customer satisfaction, the market is anticipated to expand at a CAGR of 8.1% between 2022 and 2032.
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Enterprises to Turn to Software to Optimize Operations
Enterprises are turning to software to optimize several steps of their last mile operations to reduce costs, enhance the usage of labor and keep their customers satisfied. The automation of processes like routing, invoicing, and updates is expected to boost demand for last-mile delivery software in the forecast period.
The United States to Command the Larger Proportion of Last Mile Delivery Software Supply Chain throughout the Analysis Period
The United States is the leading market for Last Mile Delivery Software demand, having witnessed CAGR of 8.7% from 2015 – 2021 and accounting for over 35% of the market demand. The market is expected to grow in the future as well, with a forecasted market value of US $ 6 Bn, with an absolute dollar opportunity of US $3.2 Bn.
Last Mile Delivery Software Market: Competition Insights
Competitive Landscape
Last-Mile Delivery Software providers are focused on harnessing new technology and addressing efficient deliveries and allocation of drivers. The key Last Mile Delivery Software Companies operating in the market include Kahuna, AGDESCARTES, FarEye, Track-POD, LogiNext, Zippykind5, Gloat, and Skillnet.
Some of the recent development in Last-Mile Delivery Software are as follows:
- In June 2022, Onfleet announced the raising of US$ 23 Mn in Series B funding, bringing their total funding amount US$ 40 Mn. According to the company, the amount raised will be used for product development and other enhancements.
- In June 2022, California’s Last-Mile EV manufacturer BrightDrop announced the integration of the AI fleet optimization software of Marain, which can analyze, forecast and come up with multimodal fleet solutions into its Zevo vans and Trace e-carts.
- In June 2022, SkyDrop announced the completion of production of the drone fleet for the commercial drone delivery trial with Domino’s in New Zealand.
- In June 2022, FarEye and Spryker announced a partnership through which they aim to combine Fareye’s delivery platform that leverages data for routing and planning with Spryker’s e-commerce operating system.
- In July 2022, Waitr Holdings Inc. announced a partnership with Elite EXTRA for Elite EXTRA’s last-mile delivery logistics software solutions
- In July 2022, Lyve Global, which provides cloud-based delivery software via platforms and services, announced the acquisition of Jeebly, a last-mile delivery company
- In July 2022, GEODIS announced the acquisition of Keppel Logistics.
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Key Segments Covered in Last-Mile Delivery Software Survey
Last-Mile Delivery Software Market by Type:
- On-Premise Last-Mile Delivery Software
- Cloud-Based Last-Mile Delivery Software
Last-Mile Delivery Software Market by Application:
- Courier, Express & Parcel
- Retail & FMCG
- Transportation
- BFSI
- E-Commerce
- Manufacturing
- Pharmaceutical
Last-Mile Delivery Software Market by Region:
- North America Last-Mile Delivery Software Market
- Latin America Last-Mile Delivery Software Market
- Europe Last-Mile Delivery Software Market
- Asia Pacific Last-Mile Delivery Software Market
- Middle East & Africa Last-Mile Delivery Software Market
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More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Last-Mile Delivery Software Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in Last-Mile Delivery Software Market by Type (On-premises, Cloud) By Application (Courier, Express & Parcel, Retail & FMCG, Transportation, BFSI, E-Commerce, Manufacturing, Pharmaceutical) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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