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Logistics Visibility Software Market Trends

  • Report ID: GMI11149
  • Published Date: Aug 2024
  • Report Format: PDF

Logistics Visibility Software Market Trends

Logistics visibility software increasingly incorporates artificial intelligence (AI) and machine learning (ML) to enhance predictive analytics, demand forecasting, and route optimization. AI-driven insights enable companies to anticipate disruptions, optimize routes dynamically, and make informed decisions. For instance, in May 2024, Grydd AI launched a comprehensive suite of AI applications, including demand planning, route prediction, cargo optimization, sustainability measures, and a collaboration hub. Utilizing machine-learning techniques and extensive shipment data, the software is designed to enhance visibility and control for users.
 

The integration of a collaboration hub highlights the industry's shift towards interconnected, data-driven logistics solutions that enhance real-time decision-making and operational efficiency. This advancement reflects the growing demand for intelligent, adaptable software that ensures transparency, sustainability, and seamless coordination in global logistics. Moreover, machine learning algorithms analyze extensive data from sources such as GPS, IoT devices, and historical shipment records, improving real-time tracking and delivery accuracy. This trend is driven by the need for greater efficiency, cost reduction, and the ability to respond swiftly to changing market conditions, making AI and ML essential components of modern logistics solutions.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of logistics visibility software reached USD 785.9 million in 2023 and is set to register over 11.3% CAGR from 2024 to 2032, due to the rapid expansion of e-commerce and omni-channel retailing worldwide.

The route optimization segment reached USD 322 million in 2023, owing to companies increasingly adopting route optimization to enhance supply chain efficiency and reduce operational costs.

North America market held 41% share in 2023, attributed to rapid digital transformation and a surge in e-commerce in the region.

Project44, Blue Yonder, Descartes Systems Group, Inc., Manhattan Associates, Inc., Infor, IBM Corporation, and e2open, are some of the major logistics visibility software companies worldwide.

Logistics Visibility Software Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 310
  • Countries covered: 24
  • Pages: 240
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