Global 3PL Software Market Insights and Forecast to 2028

3PL Software Market 

3PL software provides complete supply chain visibility and manages outsourced activities like transportation, warehousing, etc. Key drivers of the 3PL software market include the growing eCommerce industry and the need for improving business operations. The advent of Artificial intelligence-based software will surge the 3PL software market in the upcoming years. However, privacy concerns and ever-increasing cyberattacks will hamper the market expansion moving forward.

Trends Influencing the Global 3PL Software Market 

Booming eCommerce

eCommerce website traffic and virtual purchases have increased dramatically, especially after the pandemic. Order fulfillment is an important aspect with eCommerce companies relying on 3pl software service providers for enhancing customer experience. A fully integrated cloud-based software like WMS( Warehouse Management Systems) helps monitor, store, and collect data that increases operational efficiency. It removes obstacles related to the shipment, transportation, procurement, time to arrival, and picking or packaging. As online stores race to increase customer satisfaction through quick deliveries the adoption of software solutions will continue to rise thereby driving the growth of the 3pl software market in the subsequent years. 

The advent of AI and robotic process automation

AI-driven tools will increase human capability by a seamless flow of information of the entire shipment lifecycle. Highly complex data can be extracted from numerous partners across the supply chain thereby speeding up the critical business decision-making process. Moreover, third-party logistics companies will benefit from robotic process automation through efficient inventory tracking, route optimization, shipment scheduling, and automated structures which reduces operational costs. This in turn will spur the growth of the 3pl software market in the future. 

Cybercrime threats

3pl software companies can increase scalability and expansion, However,  privacy concerns and stealing of confidential information by hackers are real. Ransomware attacks, wire fraud, or security breaches along the supply chain management can easily overwhelm the entire network of a company. These factors will hamper the rise of the 3pl software market during the review period. 

3PL Software Market Share

Based on type, the 3pl software market share is segmented into cloud and on-premises. Based on application, the segmentation of the 3pl software market share is large enterprises, medium and small enterprises. Based on region, the segmentations are North America, Europe, China, Japan, Southeast Asia, India, and Central, and South America. 

By Type

• On-premise
• Cloud-based

By Application

• Large Enterprises
• SMEs

By Company

• ChannelApe
• ShipBob
• VeraCore Software Solutions
• Manhattan Associates
• TOTALogistix
• 3Gtms
• Boltrics
• 3PL Central
• CODA Commerce
• Wolin Design Group
• Camelot 3PL Software
• Flowspace
• HighJump
• IronLinx
• Logistically

By Region

• North America
• United States
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Nordic Countries
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA