Digital Last-mile Platform Market Size is valued at USD 7.08 Bn in 2023 and is predicted to reach USD 19.87 Bn by the year 2031 at a 13.9% CAGR during the forecast period for 2024-2031.
A digital last-mile platform is a sophisticated technology-based solution or software ecosystem that optimizes and streamlines the final stage of the supply chain process, sometimes known as the "last mile." The last mile refers to the important transportation of goods or services from a central distribution point to their final destination, which may be a customer's home, a retail store, or another specialized delivery place. The final mile is regarded as one of the most important and difficult areas of the supply chain due to its complicated logistics, time-sensitive delivery, and high customer expectations. The goal of digital last-mile platforms is to overcome these difficulties and increase last-mile delivery efficiency through the use of technology and data-driven solutions. These technologies shorten delivery times and increase customer satisfaction by developing micro-fulfillment centers and optimizing delivery routes at the neighborhood scale. They're using advanced analytics and Al algorithms to anticipate client demands and give personalized delivery experiences.
The market is expanding due to increased demand for last-mile delivery software, which has applications in manufacturing, pharmaceuticals, transportation, and other industries around the world. As the owner of the delivery business, you must not only oversee the distribution team but also ensure that the goods are delivered to the consumer's door. Last-mile shipping is the process of delivering a product from a warehouse to a client. Throughout this procedure, it is critical to ensure that the package reaches the end consumer on time. In fact, the entire delivery procedure must be watched until the gift is delivered to its intended receivers. With traditional technology, last-mile delivery can take some time. Last-mile delivery software addresses client needs by automating each step. With traditional technology, last-mile delivery can take some time. Last-mile delivery software matches consumer expectations by automating each step of the delivery process.
Competitive Landscape
The Key Players in the Digital Last-mile Platform Market are
- Onfleet, Inc
- FarEye Technologies, Inc
- The Descartes Systems Group Inc
- Shipwell, Inc.
- Shipsy.io
- Onro, Inc.
- Scurri Ltd.
- Loginext
- Solutions Private Limited
- Zebra Technologies
- Corporation
- Click Labs Inc (Tooken)
- Bringg Delivery Technologies Ltd
- WorkWave LLC
- Other Prominent Players
Market Segmentation:
The digital last-mile platform market is segmented on the basis of component, deployment, application, and end-user. Based on component, the market is segmented into software/platform and services. Based on deployment, the market is segmented into cloud and on-premise. Based on application, the market is segmented route optimization, tracking, customer communication, analytics & reporting and others. Based on end-users, the market is segmented into logistics, retail & e-commerce, healthcare, food & beverage, and others.
Based on End-users, E-commerce has the Largest Market Share
Retail & E-commerce held the most market share and would expand at the fastest CAGR over the projection period. In the e-commerce market, last-mile delivery software improves customer satisfaction by providing a better last-mile delivery experience, on-time deliveries, and improved adherence to Service Level Agreements (SLAs). Furthermore, it reduces overheads and enhances delivery efficiency by automating shipment ordering and route planning, hence boosting e-commerce supply chain optimization.
Cloud-based is the Fastest Expanding Segment
Cloud-based software provides end-to-end encryption for rapid scalability, higher computing power, and enormous storage capacity, allowing for highly productive services and administration activities without the cost of establishing and maintaining your own IT infrastructure. Cloud-based software is gaining popularity because it provides end-to-end encryption.
In the Region, the North America Digital Last-mile Platform Market Holds a Significant Revenue Share
North America accounted for the greatest share of the last-mile delivery software market in 2023 and is expected to grow at the fastest CAGR over the forecast period. One of the region's main development factors is the demand for same-day and same-day delivery. Increase in growth of market in this region due to focus on implementing cutting-edge software technologies like big data, artificial intelligence, and machine learning. North America has emerged as the market's dominating player, thanks to a number of critical reasons contributing to its dominance in the changing logistics landscape. E-commerce has grown dramatically in the region, as more and more consumers prefer it for its ease of use and range of products. This enhanced the demand for efficient last-mile delivery services as well as the region's visibility and location. North America and a robust technology infrastructure were critical in driving last-mile delivery growth.
Recent Developments:
- In May 2023, Locus, a worldwide last-mile logistics technology firm, has announced significant updates to its order-to-delivery dispatch management platform for retail, 3PL, and CEP customers. Retailers and e-commerce enterprises can benefit from the new upgrade, which includes delivery connected checkout, cross-fleet usage, and dark shop optimization.
- In November 2022, Milkman S.P.A. has partnered with SAP SE to offer its Milkman Last Mile Platform through SAP Store, an online marketplace for SAP and partner offerings. Milkman would link the Milkman Last Mile Platform with SAP Transportation Management and SAP Commerce Cloud to provide real-time updates on delivery progress and reschedule options.
Digital Last-mile Platform Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 7.08 Bn |
|
Revenue Forecast In 2031 |
USD 19.87 Bn |
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Growth Rate CAGR |
CAGR of 13.9% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Component, By Deployment, By Application, By End-user and By Region |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Onfleet, Inc., FarEye Technologies, Inc., The Descartes Systems Group Inc., Shipwell, Inc., Shipsy.io, Onro, Inc., Scurri Ltd., Loginext, Solutions Private Limited, Zebra Technologies, Corporation, Click Labs Inc (Tooken), Bringg Delivery Technologies Ltd., and WorkWave LLC. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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