Courier Software Market Current and Future Demand, Analysis, Growth and Forecast By 2033

 

The global courier software market is estimated to secure US$ 1.4 Billion by 2032 while displaying a CAGR of 10% during the forecast period. The market is expected to value at US$ 543 Million in 2022. The growth of the market can be attributed to the increasing adoption of SaaS and the growing investment in courier management services.

The deployment of smart technologies in courier services is anticipated to play an important role in expanding the market size in the forecast period. Digitalization over the cloud has increased the number of new apps to store the data. Onfleet, GSMtasks, OnTime 360, and Digital Waybill are some of the eminent courier services that deploy smart technologies. Besides, players are introducing new technologies in the service, which will benefit the market in the forecast period. For instance, in May 2022, Pickrr, a renowned SaaS-based logistics platform, introduced ‘Pickrr Advantage’, value-added equipment that optimizes performance across the destination pin codes on an auto-learning mode.

Additionally, players in the market are raising funds which is anticipated to augment the market growth in the assessment period. In May 2022, Cartwheel, an on-demand delivery management platform for couriers, retailers, and others, announced that it had raised US$ 3 Million in seed funding. The funding was led by Moonshots Capital, with the participation of Chingona Ventures and existing investors including Act One, Pitbull, and TenOneTen Ventures.

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