Digital Last-mile Platform Market Beyond Convenience: The Evolving Landscape of Digital Last-Mile Platforms

Global Digital Last-Mile Platform Market Worth $19.87 Bn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Digital Last-Mile Platform Market- (By Component (Software / Platform and Services), By Deployment (Cloud and On-premise), By Application (Route Optimization, Tracking, Customer Communication, Analytics & Reporting,), By End User (Logistics, Retail & E-commerce, Healthcare, Food & Beverage)) Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Digital Last-Mile Platform Market is valued at US$ 7.08 Bn in 2023, and it is expected to reach US$ 19.87 Bn by 2031, with a CAGR of 13.9% during the forecast period of 2024-2031.

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Rapid Growth in Digital Last-Mile Platforms
The market for digital last-mile platforms is experiencing rapid growth and transformation. This surge is largely driven by the rise of online shopping and e-commerce, which has created a significant demand for seamless and efficient last-mile delivery services.

Optimizing Delivery with Technology
To address this demand, digital last-mile platforms have been developed to streamline and optimize delivery processes. These platforms leverage cutting-edge technologies like real-time analytics, GPS tracking, and route optimization algorithms, ultimately providing customers with faster and more accessible delivery experiences. Customers also benefit from features like real-time tracking, feedback mechanisms, and delivery notifications, further enhancing their experience.

A Competitive Landscape
The digital last-mile platform market is fiercely competitive, with businesses vying for customer attention and constantly innovating with new features. Leading players include last-mile delivery service providers, e-commerce giants, and established logistics companies.

Factors Driving Growth
Several factors are propelling the growth of this industry. The increasing use of smartphones and internet connectivity allows users to easily access and interact with these platforms. Additionally, the growing focus on environmental sustainability has led to the development of digital last-mile solutions that reduce fuel use, optimize route planning, and minimize carbon emissions.

Challenges to Overcome
Despite its promising outlook, the digital last-mile platform market faces some challenges. These include intense competition, complex logistics management, and safeguarding user privacy and data security. Overcoming these obstacles will be crucial for the continued expansion and prosperity of this market.

List of Prominent Players in the Digital Last-Mile Platform Market:

• Loginext
• Solutions Private Limited
• Zebra Technologies
• Corporation
• Click Labs Inc (Tooken)
• Bringg Delivery Technologies Ltd
• WorkWave LLC
• Onfleet, Inc
• FarEye Technologies, Inc
• The Descartes Systems Group Inc
• Shipwell, Inc.
• Shipsy.io
• Onro, Inc.
• Scurri Ltd.
• Other Prominent Players

Market Dynamics:
Drivers-
The exponential expansion of e-commerce and online shopping has led to a surge in the need for efficient and prompt last-mile delivery services. With the rising number of online shoppers, there is a growing need for digital platforms to enhance and facilitate the delivery process.

Furthermore, the improved accessibility of smartphones and internet connectivity has facilitated the extensive implementation of digital last-mile solutions, simplifying the process for consumers to monitor their deliveries, offer immediate feedback, and enhance the overall customer experience. Moreover, the increasing emphasis on sustainability and environmental issues has led to the extensive utilization of digital last-mile platforms that enhance route planning, minimize fuel consumption, and decrease carbon emissions.

Challenges:
The market's increased competitiveness makes it difficult for digital last-mile platforms to differentiate themselves and give customers unique value propositions. With several platforms competing for optimized share, it is critical to provide innovative features and outstanding customer service in order to stay ahead.

In addition, the complex logistics of last-mile delivery, such as traffic congestion, variable weather conditions, and urban density, might provide hurdles for digital platforms in ensuring timely and effective deliveries. Overcoming these logistical challenges necessitates modern technology solutions and intelligent collaboration with optimization companies.

Regional Trends:
North America held the largest last-mile delivery software market share in 2023 and is expected to grow at the fastest CAGR during the forecast period. Demand for same-day and same-day deliveries is a key growth driver in the region. The market development in this region is due to the advancement in focus on implementing cutting-edge software technologies such as big data, artificial intelligence, machine learning, and others.

North America has emerged as the market's dominating player thanks to several critical variables contributing to its dominance in the shifting logistics landscape. E-commerce has grown significantly in the region, with more and more consumers preferring its ease and range of products. This boosted the demand for effective last-mile delivery services and increased the region's visibility and location. North America's robust technology infrastructure was critical to last-mile delivery growth.

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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.

Segmentation of Digital Last-Mile Platform Market-
Digital Last-Mile Platform Market- By Component
• Software / Platform
• Services
Digital Last-Mile Platform Market- By Deployment
• Cloud
• On-premise
Digital Last-Mile Platform Market- By Application
• Route Optimization
• Tracking
• Customer Communication
• Analytics & Reporting
• Others
Digital Last-Mile Platform Market- Ву End-user
• Logistics
• Retail & E-commerce
• Healthcare
• Food & Beverage
• Others
Digital Last-Mile Platform Market- By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.