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North America Courier Management Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Deployment Type and Enterprise Size

North America Courier Management Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Deployment Type and Enterprise Size

  • July 2021
  • 92 pages
  • ID: 6134375
  • Format: PDF
  • The Insight Partners

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The North America courier management software market is expected to grow from US$ 120.4 million in 2021 to US$ 218.5 million by 2028; it is estimated to grow at a CAGR of 8.9% from 2021 to 2028.

Cloud-based software are hosted with far fewer resources compared to the resources required for building and maintaining user’s own physical infrastructure.In the cloud infrastructure, everything is stored and managed on a stable, backed-up, and scalable on-demand computers.

Citta Solutions Private Limited, Elluminati Inc, FreshBooks, Jungleworks, and Softpal Technologies Pvt. Ltd. are a few of the cloud-based courier management software providers that keep businesses updated and ensure on-time delivery as well as quick actions. The software offered by Elluminati Inc assist in managing order, dispatch, and shipment tracking services online. Moreover, North America has been the receptive market for cloud-based software and services due to the presence of an advanced IT infrastructure, rapid advancements in emerging technologies, and rise in Internet of Things. As of 2020, PaaS and SaaS adoption and implementation have been the fastest-growing segments of cloud-computing platforms. Therefore, huge demand for cloud-based solutions in the North American courier industry due to low cost and high scalability acts as a prime growth opportunity for the courier management software market players operating in this region.

Citta Solutions Private Limited, Deliforce Technologies Private Limited, Elluminati Inc, FreshBooks, GetSwift Limited, Jungleworks, LogiNext Solutions Inc, Mobisoft Infotech LLC, Shipox, and Softpal Technologies Pvt. Ltd. are among the key courier management software market players in North America that are profiled in this research study.

Impact of COVID-19 Pandemic on North America Courier Management Software Market

North America is known for the development and adoption of new technologies owing to favorable government policies to boost innovation and strengthen the infrastructure.Hence, any impact on the growth of industries has a direct impact on the economic growth of the region.

Shutdown of businesses and delay in procurement processes in the last six months of 2020, due to the COVID-19 pandemic, have affected several businesses in North America.The region has presence of several electronic component manufacturers that provide advanced and innovative components for building courier management software.

Further, the COVID-19 pandemic has temporary disturbed the budget of various companies, which is discouraging investments in the adoption of new features for the development of courier management software.However, the courier management software market players are expected to grab significant growth opportunities owing to the continuously rising preference for online shopping as well as increased subscription for various delivery platforms in the region.

The pandemic has led to the exponential growth of the e-commerce business; this is mainly attributed to the rise in consumer preference for buying essential and nonessential items through online platforms.

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