Global Courier Management Software Market 2017-2021
About Courier Management Software
Courier management software is used in all phases of business processes, including routed and scheduled work, warehousing, distribution, and cross-docking operations. It automates the flow of customizable and time-sensitive information while ensuring accuracy, accountability, and high profits. The software enables dispatchers to identify, anticipate, and address delivery management issues in real time for late or potentially late deliveries. Several vendors offer both cloud-based and on-premises courier management software. The software streamlines the entire business and increases the bottom lines by improving the productivity, efficiency, and control over the entire operation. This software is specifically developed for the carrier, freight broker, messenger, courier, logistics, and dispatching service providers.
Technavio’s analysts forecast the lobal courier management software market to grow at a CAGR of 10.62% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the lobal courier management software market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of courier management software.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Courier Management Software Market 2017-2021
Technavio recognizes the following companies as the key players in the lobal courier management software market: Datatrac, Innovative Informatics, Key Software Systems, MetaFour, and Softec.
Other Prominent Vendors in the market are: ASK Technology, Boolean IT Solutions, Coda Commerce, Codeless Group, Connexion Technology, Courier Softwares, Courierscripts, DA Systems, DNG Web Tech, Febno Technologies, Freightistics, Line Focus, Logisuite, Logixgrid Technologies, OnTime 360, Perceptive Consulting Solutions, Qualikom Canada, Sagar Informatics, Softcron Technology, Sizil Softec, TSS Smart, Vnet Communication, Versatile Technolabs, and Zedex Software.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising demand for integrated courier management solutions. End-users prefer vendors that provide integrated and converged software suites as opting for different software may lead to integration issues. Integrated products and software suites from the same vendor have better integration ability and support other functions. The increased complexity of network infrastructure has made integration an important buying criterion. Thus, solutions with better integration are finding higher adoption. Because of this demand, all major vendors are providing software suites with features like accounting, ERP, order management, warehouse management, and logistics management. Integrated courier management software completely automates the front office, back-end business, and in-field courier processes, including online customer order entry, accounts receivable, real-time delivery tracking, and account information.”
According to the report, one of the major drivers for this market is Increasing adoption of customer-centric pricing strategies. To grow in a competitive market, courier management software vendors are adopting customer-centric pricing strategies that are technologically advanced. Several vendors are focusing on providing value-based pricing models based on the requirements of customers and value perception. The pricing is based on differentiating features of the software solution and the value-added features provided to the customers.
Further, the report states that one of the major factors hindering the growth of this market is High implementation and maintenance costs. The high deployment expense of on-premises courier management software is one of the major challenges for small courier companies. The price of the courier management software includes the cost of software licensing, system design and customization, implementation, training, and maintenance. An organization that has purchased the software requires IT staff with the relevant skills for successful implementation of the software. Implementation of the courier management software requires self-assessment, planning, adequate funding, sharp vision, and cooperation at all managerial levels. Enterprises also need to train their employees to use the application efficiently. After implementation, the software requires continuous upgrading to keep up with the market trends. All these factors lead to an increased cost of implementation of the courier management software, which adversely affects its adoption among the end-users.
Datatrac, Innovative Informatics, Key Software Systems, MetaFour, Softec, ASK Technology, Boolean IT Solutions, Coda Commerce, Codeless Group, Connexion Technology, Courier Softwares, Courierscripts, DA Systems, DNG Web Tech, Febno Technologies, Freightistics, Line Focus, Logisuite, Logixgrid Technologies, OnTime 360, Perceptive Consulting Solutions, Qualikom Canada, Sagar Informatics, Softcron Technology, Sizil Softec, TSS Smart, Vnet Communication, Versatile Technolabs, and Zedex Software.