Dock and Yard Management Systems – Enabling Digital Workflows in Logistics
Logistics management systems and technologies continue to evolve with evolving requirements. At present, the significant growth in the transported volume across the globe and just-in-time operation models have added a great amount of pressure at logistic hubs such as shipping yards. The glaring rise in inbound and outbound activities across yards around the world has led to the rise in demand for efficient and reliable dock and yard management systems. Yard managers are increasingly being burdened with increased freight volumes due to which, the demand for yard and dock management systems is on the rise. Furthermore, as the yard and docks around the world are expected to comply with security regulations, yard management solutions have gradually gained a great level of traction– a trend that is expected to drive the dock and yard management systems market during the forecast period.
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At present, dock managers are highly in favor of installing efficient dock and yard management systems to streamline operations. Dock and yard management systems are increasingly being used across a host of facilities, including fulfillment centers, airlines cross-docks, warehouses, distribution centers, and other facilities to monitor the movement of ships and facilitate seamless loading and unloading of goods. Dock and yard management systems are gradually replacing redundant manual operations, including approving dock bookings, tracking the carrier movement, and allocating docks to trucks, among others. At the back of these factors, along with growing emphasis on developing advanced dock and yard management systems, the global dock and yard management systems market is expected to attain a market value of ~US$ 9 Bn by the end of 2027.
Focus on Improving Supply Chain Management Expected to Propel Market Growth
Advancements in technology have played an imperative role in improving the efficiency levels across the supply chains worldwide. The advent of cloud technology is expected to revolutionize logistics and transportation management in the upcoming years, as more number of yards and docks across the word are leaning toward leveraging these technologies to maximize cost-efficiency and performance output. Cloud based supply chain management systems are expected to gain a notable amount of popularity over the upcoming years as awareness pertaining to the advantages of cloud-systems is on the rise. Drawback circling around traditional supply chain models, including manual inventory management coupled with local area purchasing are some of the leading factors due to which, cloud-based yard and dock management systems are making inroads in recent years – a trend that is expected to gather noteworthy momentum over the course of the assessment period. This is likely to propel the dock and yard management systems market during the forecast period.
Cost-efficiency, seamless workflow modeling, and minimizing losses across supply chains worldwide are some of the major benefits of deploying cloud-based yard and dock management systems. In addition, another factor that is likely to generate demand for cloud-based systems is the ease at which these systems can be integrated with the existing localized software and systems.
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Introduction of Digital Workflow Models in Dock and Yard Management Systems Market
Yard and dock management systems and tools, including RFID tags and GPS are set to gain notable traction in the upcoming years in the dock and yard management systems market, as they assist staff to locate goods across yard and warehouse. Although the logistics sector lags behind as far as digital transformation led by technological advancements is concerned, the adoption of dock and yard management systems has garnered momentum over the past few years– a trend that is expected to fuel the expansion of the dock and yard management systems market during the forecast period. Logistics companies particularly based in North America and Europe are increasingly focusing on integrating advanced yard and dock management systems. Although logistics companies are likely to focus on remaining independent and negate the risk of providing control to the system, the development of an in-house system is projected to remain a daunting task.
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Demand Likely to Increase Post Pandemic as Companies Seek Ways to Address Disruption across Global Supply Chains
The ongoing COVID-19 pandemic has compelled governments across the world to take preventive measures and impose lockdowns. The COVID-19 pandemic continues to hinder operations across major industrial sectors worldwide with reeling effects on the supply chains. As supply chains across major industries continue to feel the repercussions of the pandemic, demand for supply chain management solutions is expected to gather momentum post the clearance of the pandemic. Although companies operating in the current dock and yard management systems market are expected to rely on their business contingency strategies and plans, abundant opportunities are likely to come forward when normalcy returns.
Analysts’ Viewpoint
The global dock and yard management systems market is poised to grow at an impressive CAGR of ~13% during the forecast period. The market growth can be primarily attributed to a host of factors, including a focus on streamlining logistics, maximizing efficiency, and minimizing costs. The emphasis on improving supply chain management, along with the advent of advanced software in the market are major factors that will drive the dock and yard management systems market during the forecast period.
Dock and Yard Management Systems Market: Overview
- The global dock and yard management systems market is expected to reach ~US$ 9 Bn by 2027 from ~US$ 3 Bn in 2019, expanding at a CAGR of ~13% from 2019 to 2027
- Emergence of cloud-based dock and yard management systems is expected to facilitate growth of the dock and yard management systems market during the forecast period
- The dock and yard management systems market in Asia Pacific is projected to expand at a higher CAGR during the forecast period. Adoption of cloud-based dock and yard management systems by transportation and warehouse sectors has propelled the demand for dock and yard management systems in this region.
- China is the most attractive market in Asia Pacific. The incremental opportunity is significantly higher for China as it accounts for a dominant share in the dock and yard management systems market in this region.
- The dock and yard management systems market report provides analysis of the global dock and yard management systems market for the period 2019 – 2027, wherein 2018 is the base year, 2019 is the estimated year, and 2020 to 2027 is the forecast period. Data for 2019 has been included as historical information.
- Dock management system and yard management system is considered a sub-segment/ sub-module of WMS and TMS solutions as well as standalone solutions
- In this report, we analyze the challenges industries face in acquiring the right dock and yard management systems that can cope with the rapidly changing world. The report also highlights the total revenue generated through the sale of dock and yard management systems across various key regions worldwide.
North America Dock and Yard Management Systems Market Snapshot
- The dock and yard management systems market in North America is anticipated to expand at a rapid pace during the forecast period, followed by Europe. North America remains the leading market for dock and yard management systems, with revenues in 2019 estimated at US$ 1,055.4 Mn.
- Strong presence of dock and yard management system vendors in the region is a crucial factor driving the dock and yard management systems market. Growing preference for SaaS-based dock and yard management systems is expected to drive the demand for advanced dock and yard management systems in the region.
Key Growth Drivers of Dock and Yard Management Systems Market
- Cost and Time Saving – Advances in technology and dock and yard management software have cut down the overall cost, as it has reduced the lead time required for order delivery, thus propelling the growth of the dock and yard management systems market across the globe. Growing pressure on companies to provide better services at lower cost has led to the adoption of dock and yard management systems, as it facilitates accuracy in warehouse, inventory, and distribution centers, thereby reducing extra costs involved in the processes.
- Growing e-Commerce – Growth in e-Commerce industry coupled with quick delivery of goods in order to gain competitive advantage has led to high demand for warehouse and transportation management systems. This in turn is projected to fuel the demand for dock and yard management systems during the forecast period.
Key Challenges Faced by Dock and Yard Management Systems Market Players
- High initial cost of on-premises solutions and lack of awareness about cloud-based management systems is expected to challenge the market growth in the near future
- Moreover, lack of capabilities in system integration and scalability to handle the growing volume of work with growing amount of data is expected to hamper the market growth during the forecast period
Dock and Yard Management Systems Market – Competition Landscape
- In February 2024, Descartes Systems Group Inc. acquired Peoplevox, a company that offers cloud-based e-commerce warehouse management solutions (“eWMS”)
- In July 2019, Epicor Software Corporation acquired Majure Data Inc., a provider of warehouse management solutions for the lumber and building materials industry
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Dock and Yard Management Systems Market – Company Profile Snapshot
- Descartes Systems Group Inc.: Incorporated in 1981 Descartes Systems Group Inc. is based in Waterloo, Canada. Descartes Systems Group Inc., a technology company specializing in logistics software, supply chain management software, and cloud-based services for logistics businesses.
- Epicor Software Corporation: Epicor Software Corp. has been delivering industry specific business software across the manufacturing and distribution industry. The company offers cloud, hosted, and on-premises solutions for business processes and operational requirements. It has more than 20,000 customers and provides its services to around 150 countries.
- Other major players operating in the global dock and yard management systems market and profiled in the report include
- 4sight Solutions
- C3 Solutions
- Descartes Systems Group Inc.
- Epicor Software Corp.
- HighJump Software, Inc.
- Made4net LLC
- Lazer Spot, Inc.
- Manhattan Associates, Inc.
- Oracle Corporation
- ProAct International Ltd.
- Royal 4 Systems
- Softeon Inc.
- Zebra Technologies Corporation.
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