Business Owners Prioritize Shipping Software in Transportation Contracting Process amid Coronavirus Outbreak
Shipment monitoring has become critical amid the ongoing coronavirus outbreak. Companies in the shipping software market such as Roambee Corporation is capitalizing on this opportunity to increase the availability for real-time shipment tracking and asset monitoring software. This market is witnessing a significant change since before the onset of COVID-19, shipping software used to be considered as the last leg in the entire transportation contracting process similar to any travel insurance.
There is high inclination toward shipment monitoring software. However, volatile business activities are restricting customers from investing in software, thus affecting growth of the shipping software market. As such, increasing number of eCommerce startups during the COVID-19 outbreak is keeping economies running in the market landscape.
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Lack of Tracking Metrics in eCommerce Software Hinder Market Growth
The shipping software market is predicted to expand at a robust CAGR of ~9% during the assessment period. However, several eCommerce software solutions lack tracking metrics, which hinders business growth and achievements. Hence, software developers are creating solutions that show all the business and online metrics to understand buying patterns of customers.
eCommerce shipping software are helping business owners to scale internationally. Such trends are contributing to the growth of the shipping software market. eCommerce software help to diversify business risks and create international sales opportunities. As such, there is a need to develop software, which cater to multiple languages and payment modes to help clients expand their business internationally.
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Robust Transport Management Platforms Help Streamline Business Activities
Simplifying all aspects of shipping through enterprise-level tools has become the top priority of companies in the shipping software market. Startups such as FreightPOP are gaining popularity on similar lines, as their robust transport management system helps to manage same-day shipping, along with other business processes. As such, there is a growing demand for platforms that offer one login for all logistics management, including inbound and outbound freight across parcel, ocean, and international air.
In order to unlock growth opportunities, software developers in the shipping software market are innovating in easy-to-use logistics platforms that seamlessly integrates into a shipper’s current warehouse and inventory workflows. This explains why the market is projected to reach the value of US$ 5 Bn by the end of 2030.
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Inventory Control, Label Printing Boosting Popularity of Order Management Software
Multi-channel inventory & order management software are revolutionizing online businesses. Multiorders is one such platform, which helps to integrate all sales channels and functions as a convenient workflow-optimizing solution. Companies in the shipping software market are developing platforms that help to connect all shipping carriers and print labels with just one click. They are providing solutions that manage pricing and stock levels of all sales channels under one platform.
Accounting, backordering, and pricing management are few of the many advantages of multi-channel inventory & order management software. Stakeholders in the shipping software market are providing platforms that enable bulk ordering, printing of return forms, and invoices seamlessly.
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Pre-delivery, Post-delivery Software Enhance Shopping Experience
The increasing number of startups is leveraging value grab opportunities in the shipping software market. Triwer, ManageTeamz, and Janio are some of the startups gaining recognition for shipment of pre-delivery, shipment post-delivery, and international shipping software, respectively. It has been found that synchronizing the courier delivery timing with customers can be frustrating, and in several cases, it leads to re-deliveries. Pre-delivery and pre-arrival notifications on customers’ mobiles helps to obtain accurate details about the timing of the deliveries.
Since many delivery companies do not have access to information about the end-to-end delivery experience, startups in the shipping software market are providing platforms that deploy post-delivery reporting and analytics. Companies are increasing focus on international shipping in last mile delivery in order to simplify the cross-border logistics challenges faced by delivery companies.
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