Global Last Mile Delivery Software Market
Global Last Mile Delivery Software Market Size By Type, By Application, By Geographic Scope And Forecast
According to Verified Market Research, the Global Last Mile Delivery Software Market was valued at USD 5.38 Billion in 2018 and is projected to reach USD 10.78 Billion by 2026, growing at a CAGR of 9.28% from 2019 to 2026.
Last mile delivery software is defined as a typical software or platform that enables companies in managing last mile delivery in an efficient, transparent and controlled manner. It includes a variety of functions and capabilities such as route optimization, digital/electronic proof of delivery, real-time tracking of shipment status, a collaboration between customer and delivery personnel and many others. The last mile software can address some of the major challenges such as increased visibility, boost customer experience and engagement, optimize delivery routes and customize delivery locations.
In the E-commerce sector, last mile delivery is the key stage that requires long term planning for better customer satisfaction. The customers of e-commerce companies want faster, cheaper delivery with greater control over their experience. This factor has led to the adoption of last mile delivery software as a solution for sustainably satisfying these new customer expectations.
However, with the growing scope of big data analytics and cloud computing solutions, cybersecurity risks are also increasing which could act as a potential restraint for the last mile delivery software market in the forecast period. This software can be targeted by various third parties and other conventional threats.
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