According to our latest market study on “Delivery Management Software Market to 2027 – COVID-19 Impact, and Global Analysis and Forecast – by Deployment Type (Cloud, and On-Premises); Enterprise Size (Small and Medium-Size Enterprises, and Large Enterprises); End User (Restaurant Delivery, Logistics, Courier Business, and Others); and Geography,” the market was valued at US$ 1.59 billion in 2019 and is projected to reach US$ 4.01 billion by 2027; it is expected to grow at a CAGR of 12.7% from 2020 to 2027.
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In 2019, APAC led the global delivery management software market with more than 31.1% revenue share, followed by North America and Europe. China, India, Japan, South Korea, and Australia are among the major countries contributing to the delivery management software market in APAC. The rising adoption of advanced technologies in the logistics industry boosts the rate of adoption of delivery management software. Companies invest in software to streamline their business operations. In APAC, the fastest-growing markets for e-commerce are India and China. Consumers of these countries are highly inclined toward online shopping; owing to rising internet penetration, online shopping trends are transforming several areas of e-commerce in the region. With the right technology and logistics, it is easy to provide online shopping services and ensure well-managed deliveries to customers, even in rural areas. Thus, these factors are propelling the growth of the market in APAC.
Impact of COVID-19 on Delivery Management Software market
According to the latest report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are among the worst-affected countries due to the COVID-19 pandemic. The outbreak first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. As of 31st May 2020, there are ~6.02 million confirmed COVID-19 cases globally, with ~368,944 total deaths, and the number is growing at varying rates in different countries. The COVID-19 crisis is affecting the industries worldwide, and the global economy is anticipated to take the worst hit in 2020, which is likely to have some impact in 2021 as well. The outbreak has created significant disruptions in industries such as logistics, retail, and e-commerce. The sharp decline in the international logistics business industry is negatively impacting the growth of the global delivery management software market. The enforcement of lockdowns in various countries, leading to factory shutdowns travel bans, trade bans, and border lockdowns, to combat and contain the outbreak have adversely affected the logistics industry globally.
Market initiative is a commonly adopted strategy by companies to expand their footprint in the global market by addressing the escalating customer demands. Bango PLC, Boku, Inc., Comviva Technologies Limited, DIMOCO, and Fortumo are among the key market players operating in the delivery management software market. Overall it is a consolidated market, however, the impressive growth of alternative payment methods is expected to offer ample growth opportunities to players operating in this market.
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