Live Package Tracking Market To Reach $8.60 Billion By 2030, Growing At A CAGR Of 11.9%: Report By Coherent Market Insights
| Report Coverage | Details |
| Market Revenue in 2023 | $3.92 billion |
| Estimated Value by 2030 | $8.60 billion |
| Growth Rate | Poised to grow at a CAGR of 11.9% |
| Historical Data | 2017–2021 |
| Forecast Period | 2023–2030 |
| Forecast Units | Value (USD Million/Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Component, By Technology, By End-User Industry, By Enterprise Size |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of World |
| Growth Drivers | . Growth of e-commerce industry . Increasing consumer demand for real-time visibility . Focus on enhancing customer experience . Adoption in logistics for efficiency gains |
| Restraints & Challenges | . Data security and privacy concerns . Costs and technology barriers . Operational challenges in emerging markets |
Market Trends:
One key trend in the Live Package Tracking Market is the adoption of advanced technologies such as IoT, RFID, and GPS tracking systems to provide accurate and real-time package tracking information. These technologies enable companies to optimize their logistics operations and improve customer satisfaction by offering enhanced tracking capabilities.
Another trend in the market is the integration of artificial intelligence and machine learning algorithms to predict package delivery times more accurately and proactively identify any potential issues that may impact delivery schedules. This trend is helping companies streamline their operations and provide a seamless tracking experience for customers.
Buy this Complete Business Research Report:
The Live Package Tracking Market is witnessing a significant growth opportunity with the increasing demand for real-time package tracking in the e-commerce sector. As more and more consumers opt for online shopping, the need for transparency and visibility in the delivery process has become crucial. The ability to track packages in real-time not only enhances the overall customer experience but also helps in building trust and loyalty among customers. With the rise of same-day and next-day delivery options, e-commerce companies are investing in advanced tracking technologies to ensure timely and accurate delivery of packages.
Another market opportunity for the Live Package Tracking Market lies in the adoption of advanced technologies in supply chain management. The integration of technologies such as RFID, GPS, and sensors in package tracking systems has revolutionized the way logistics and supply chain operations are managed. These technologies provide real-time data on the location and status of packages, enabling companies to optimize their routing, reduce delivery times, and enhance overall operational efficiency. As businesses increasingly focus on improving their supply chain processes, the demand for advanced package tracking solutions is expected to grow significantly.
Recent Developments:
In October 2022, the end-to-end visibility platform provider project44 purchased Ocean Insight to increase the visibility and compliance of its ocean freight services.
In June 2022, a supply chain intelligence platform called FourKites teamed up with Overhaul to integrate critical event management with real-time tracking.
Key Market Takeaways:
Live Package Tracking Market is anticipated to witness a CAGR of 11.9% during the forecast period 2023-2030, owing to the increasing demand for real-time package tracking in the e-commerce sector as well as the adoption of advanced technologies in supply chain management.
On the basis of the component, the software segment is expected to hold a dominant position, owing to its ability to provide real-time tracking and analytics capabilities.
In terms of technology, the barcode technology is dominating the market due to its cost-effectiveness and wide adoption. Among end-user industries, the retail & e-commerce sector is expected to lead the market, driven by the need for enhanced customer experience.
North America is expected to hold a dominant position in the market, due to the presence of key players and technological advancements in the region.
Key players operating in the Live Package Tracking Market include UPS, FedEx, DHL, USPS, Amazon Logistics, and others, who are focusing on enhancing their tracking systems to meet the growing demand for real-time package tracking. Overall, the market is poised for significant growth in the coming years as companies continue to invest in advanced tracking technologies to improve their supply chain operations.
Get 10% Customization on this Report :
Detailed Segmentation:
By Component:
- Software Hardware Services
By Technology:
- Barcode Radio Frequency Identification (RFID) Global Positioning System (GPS) Sensors Others
By End-User Industry:
- Retail & E-commerce Manufacturing Healthcare Logistics Automotive Others
By Enterprise Size:
- Small & Medium Enterprises Large Enterprises
By Region:
- North America
- U.S. Canada
- Brazil Mexico Rest of Latin America
- Germany U.K. Spain France Italy Russia Rest of Europe
- China India Japan Australia South Korea Rest of Asia Pacific
- South Africa GCC Countries Rest of Middle East & Africa
Related Reports:
Secure Logistics Market , By Service Type (Cash Services, Security Services), By End User (Financial Institutions, Retailers, Government, and Others), and By Geography (North America, Europe, Asia Pacific, Rest of World)
Smart Mobility Market , By Elements (Bike Commuting, Car Sharing, Ridesharing), By Solution (Traffic Management, Parking Management, Mobility management, and Others), By Technology (3G & 4G, Wi-Fi, GPS, RFID, Embedded Systems, and Others), and By Geography (North America, Europe, Asia Pacific, Rest of World)
Logistics Robots Market , by Product Type (Automated Storage and Retrieval Systems (AS/RS), Automated Guided Vehicles (AGVs), Autonomous Mobile Robots (AMRs), Articulated Robotic Arms, and Others), by Application (Pick and Place, Loading and Unloading, Palletizing and De-palletizing, Sorting, Packaging, Shipment and Delivery, and Others), by End-Use Industry (Healthcare, E-Commerce, Logistics & Warehouse, Retail, Agriculture, Automotive, Food & Beverages, Chemical, and Others)
Shipping Containers Market , By Container Size (Small Containers, Large Containers, and High Cube Containers), By Container Type (Dry Storage Containers, Flat Rack Containers, Refrigerated Containers, Special Purpose Containers, and Others), By End-use Industry (Food & Beverages, Consumer Goods, Healthcare, Industrial Products, Vehicle Transport, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
About Us:
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Follow Us: LinkedIn | Twitter
CONTACT: Mr. ShahSenior Client Partner – Business DevelopmentCoherent Market InsightsPhone:US: +1-206-701-6702UK: +44-020-8133-4027Japan: +81-050-5539-1737India: +91-848-285-0837Email: ...Website:
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
Stratx Launches Compliance-Aware Routing Protocol For Stablecoins, Rwas, And Cross-Border Settlement
- The Dubai Insiders Club Expands Access To Australia And Asia Amid Surge In International Investor Demand
- Blackrock Becomes The Second-Largest Shareholder Of Freedom Holding Corp.
- Digital Gold ($GOLD) Officially Launches On Solana, Hits $1.8M Market Cap On Day One
- VANTIR Launches To Transform Prop Trading With Transparency And Trust
- Primexbt Launches Empowering Traders To Succeed Campaign, Leading A New Era Of Trading
- North America Perms And Relaxants Market Size, Share And Growth Report 2025-2033
More Story
Comments
No comment