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Courier Pickup and Delivery Services Market to Grow by USD 78.09 Billion (2024-2028), Driven by Digital Payments, Mobile Shopping, and AI’s Impact on Market Trends – Technavio

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NEW YORK, Oct. 24, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global courier pickup and delivery services market  size is estimated to grow by USD 78.09 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  7.02%  during the forecast period. Rise in digital payment and mobile shopping is driving market growth, with a trend towards increasing adoption of drone technology  However, global supply chain disruption  poses a challenge.Key market players include Amazon.com Inc., Antron Express, Aramex International LLC, Asendia Management SAS, Blue Dart Express Ltd., Deutsche Bahn AG, DHL Express Ltd, DTDC Express Ltd., DX Group, FedEx Corp., International Distribution Services, Japan Post Holdings Co. Ltd., JD.com Inc., Nippon Express Holdings Inc., PostNL N.V., Qantas Airways Ltd., SF Express Co. Ltd., Singapore Post Ltd., Swiss Post Ltd, The Courier Guy Pty Ltd, United Parcel Service Inc., Yamato Holdings Co. Ltd., and ZTO Express Cayman Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (International and Domestic), Consumer (Business to business, Business to customer, and Customer to customer), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)

Region Covered

APAC, North America, Europe, Middle East and Africa, and South America

Key companies profiled

Amazon.com Inc., Antron Express, Aramex International LLC, Asendia Management SAS, Blue Dart Express Ltd., Deutsche Bahn AG, DHL Express Ltd, DTDC Express Ltd., DX Group, FedEx Corp., International Distribution Services, Japan Post Holdings Co. Ltd., JD.com Inc., Nippon Express Holdings Inc., PostNL N.V., Qantas Airways Ltd., SF Express Co. Ltd., Singapore Post Ltd., Swiss Post Ltd, The Courier Guy Pty Ltd, United Parcel Service Inc., Yamato Holdings Co. Ltd., and ZTO Express Cayman Inc.

Key Market Trends Fueling Growth

Drones, or unmanned aerial vehicles (UAVs), have become an increasingly popular solution for faster and more efficient courier pickup and delivery services, particularly in challenging terrain and congested urban areas. In March 2023, Amazon received FAA approval to operate its Prime Air drone service in specific US regions, expanding trials in rural Texas by August 2024 to deliver essential items like medical supplies. Amazon’s deployment of drones from same-day delivery sites near major metro areas enhances the speed and efficiency of deliveries. Deutsche Post DHL Group also experiments with drones, successfully delivering medical supplies to a remote Scottish island in January 2023 and partnering with Drone Delivery Canada in October 2023 to explore drone solutions for North American terrains. These developments underscore the growing use of drones for practical, faster, and more efficient deliveries, driving the growth of the global courier pickup and delivery services market. 

The Courier Pickup and Delivery Services market is witnessing significant trends that are shaping the industry. Route optimization and automation are key focus areas to enhance efficiency and reduce costs. Customer communication and real-time tracking systems are essential for improving customer experience. Sustainable delivery solutions, such as green delivery methods, are gaining popularity due to increasing environmental concerns and fuel prices. Messenger and parcel services are in high demand for Business-to-Consumer (B2C), Business-to-Business (B2B), and Consumer-to-Consumer (C2C) transactions. Express, standard, subscription-based, on-demand deliveries cater to various needs. Middle class population growth, e-commerce boom, and online trading are driving up shipping volume. Service quality improvement through data analytics, flexible delivery options, and location-based solutions are essential. Innovations like GPS, drones, and crowd-sourced deliveries are disrupting the market. Start-ups are also making a mark with cost-effective solutions and express delivery services. 

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Market Challenges

The global courier pickup and delivery services market has been adversely affected by supply chain disruptions, causing increased costs and reduced purchasing power for consumers. The US Producer Price Index (PPI) rose by 11.1% in May 2022 due to raw material shortages, leading to higher prices and inflation. This inflation weakened consumer purchasing power, with the CPI, excluding food and energy, rising by 3% in June 2023. Supply chain issues in sectors like home furnishings further impacted demand, negatively affecting the courier pickup and delivery services market. Additionally, transportation challenges and political instability, such as the Russian invasion of Ukraine, caused resource shortages and further exacerbated the crisis. Consequently, the global courier pickup and delivery services market is expected to experience hindered growth due to these supply chain disruptions.The courier pickup and delivery services market faces several challenges in both domestic and international sectors. Domestic services must contend with e-commerce trade’s increasing demand for swift delivery of electronic gadgets and other online purchases. B2C and B2B shipments require efficient logistics networks and technology solutions for real-time tracking and one-day delivery. International services encounter challenges like transport inefficiencies, traffic congestion, and airfreight transport costs. Postal codes and skilled manpower are essential for accurate delivery, while cash on delivery and crossborder courier delivery add complexity. E-commerce platforms, retail sales, and healthcare sectors rely on technology-driven delivery, including GPS technology, delivery infrastructure, and the Internet of Things, for delivery enhancement and real-time tracking. Last-mile delivery and crowdsourced delivery models are also gaining popularity, along with autonomous vehicles for efficient and swift delivery. Supply chain management and logistics are crucial for businesses, particularly in the e-commerce sector. Technology solutions like smart warehouses, online payment options, and swift delivery are essential for small businesses to compete effectively. In conclusion, the courier pickup and delivery services market requires continuous innovation to address these challenges and meet evolving customer demands.

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Segment Overview 

This courier pickup and delivery services market report extensively covers market segmentation by

 

Type 1.1 International1.2 DomesticConsumer 2.1 Business to business2.2 Business to customer2.3 Customer to customerGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 International-  The Courier Pickup and Delivery Services Market is a significant sector in the logistics industry. Companies provide efficient solutions for sending and receiving packages, ensuring timely deliveries. They utilize various modes of transportation like road, air, and sea to cater to diverse customer needs. Effective tracking systems keep clients informed about their shipments’ progress. Competition is high, necessitating continuous improvement in services and technology. Companies focus on expanding their networks and offering competitive prices to gain market share.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Courier Pickup and Delivery Services market is experiencing significant growth due to the surge in online trading and the expanding middle class population. With the increase in B2C and B2B services, e-commerce sales have reached new heights, leading to a massive volume of shipments, both domestic and international. The demand for faster delivery, such as one-day delivery, has driven service quality improvement, with location-based solutions and technology-driven delivery becoming essential. Shipments in various sectors like healthcare, industrial and manufacturing, and retail sales continue to increase, requiring efficient and reliable courier services. Airfreight transport plays a crucial role in international deliveries, while postal codes and last-mile delivery solutions ensure accurate and timely deliveries. Technology-driven innovations like automation, route optimization, customer communication, tracking systems, and sustainable delivery solutions are transforming the industry. Messenger services offer convenience and speed, making them a popular choice for urban areas. Overall, the market is expected to continue growing, driven by the increasing demand for quick and efficient delivery solutions.

Market Research Overview

The Courier Pickup and Delivery Services market is experiencing significant growth due to the online trading and the expanding middle class population. The shipping volume for Business-to-Consumer (B2C) and Business-to-Business (B2B) services, fueled by e-commerce, is increasing at an unprecedented rate. Service quality improvement through location-based solutions, GPS, drones, and last-mile delivery innovations like crowd-sourced deliveries and autonomous vehicles are transforming the industry. Startups and B2B e-commerce are driving the demand for domestic and international services, while e-commerce trade in electronic gadgets, retail sales, and healthcare sectors is booming. Technology solutions such as real-time tracking, automation, and sustainable delivery options are enhancing customer experience. Logistics networks and route optimization are addressing transport inefficiencies caused by traffic congestion and fuel prices. The market is witnessing the integration of the Internet of Things, cash on delivery, and cross-border courier delivery models. The future of courier services lies in technology-driven, swift, and sustainable delivery solutions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeInternationalDomesticConsumerBusiness To BusinessBusiness To CustomerCustomer To CustomerGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Technology

Desay SV Collaborates with Qualcomm to Deliver New Intelligent AI Cabin Platform Powered by Snapdragon Elite Automotive Platforms

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Highlights:

New Desay SV G10PH is designed to support superior computing, graphics, and advanced AI-enabled cabin products for automotive OEMs, ensuring cutting-edge performance and functionality.The G10PH is engineered for real-time decision-making, adaptive responses, and proactive assistance to create tailored and intuitive driving experiences.Collaboration is built on a strong and long-term working relationship, marked by the successful development of innovative cabin platforms for global automakers.

LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — Desay SV and Qualcomm Technologies, Inc. held a joint signing ceremony at CES today to commemorate the companies’ co-innovation to deliver Desay SV’s next-generation intelligent cabin platform, the G10PH. Desay SV and Qualcomm Technologies have a strong long-term relationship focused on developing innovative cabin solutions, which are now integrated into millions of vehicles across the globe. Building on this, the companies will collaborate on the G10PH intelligent cabin platform powered by Qualcomm Technologies’ Snapdragon® Cockpit Elite platform. 

The G10PH harnesses the advanced artificial intelligence (AI) capabilities, superior computing and high-definition graphics of the Snapdragon Cockpit Elite platform to push the boundaries of automotive technology. With the Snapdragon Cockpit Elite’s state-of-the-art Qualcomm Oryon™ CPU, Qualcomm® Hexagon™ NPU for accelerated AI performance and improved Qualcomm® Adreno™ GPU, this cutting-edge system provides automakers with the tools to deliver a smart, intuitive, and personalized experience for drivers and passengers*. Additionally, the G10PH enables real-time decision-making, adaptive responses, and proactive assistance, creating an exclusive intelligent cabin assistant that is finely tuned to users’ habits. Every vehicle utilizing the G10PH will feature seamless user interface and support personalized features designed to enhance comfort and convenience befitting a premium user-centric driving experience. 

“At the new inflection point of ‘Software-Defined Vehicle’ and ‘AI-Defined Vehicle,’ Desay SV, together with Qualcomm Technologies, launched the premium AI intelligent cabin platform G10PH, which marks another technological revolution in the process of intelligent cabin and is an important example of Desay SV leading the development of cabin intelligence upgrade,” said Jian Xu, CEO of Desay SV. “We hope that this platform will give a strong impetus to the intelligent transformation of global automotive manufacturers, reshape the new ecosystem of future mobility, and accelerate the realization of the era of intelligent mobility.”

“The automotive industry is on the brink of a new era of intelligent transformation, driven by software and AI. Qualcomm Technologies and Desay SV have built a robust foundation of collaboration, and with our combined expertise in intelligent cockpits and we are excited about the new products featuring Snapdragon Cockpit Elite,” said Nakul Duggal, group general manager, automotive, industrial, and cloud, Qualcomm Technologies, Inc. “These innovations will enable automakers to deliver more advanced AI features and experiences to consumers, setting a new standard in the industry.”

Intelligent cockpit is the carrier of various sensing and interaction technologies, and it reflects the state of development in intelligent vehicle technology. According to KPMG’s analysis, China’s intelligent cabin market will reach RMB212.7 billion in 2026, with a compound annual growth rate of about 17% from 2022 to 2026, and the penetration rate is expected to increase from 59% to 82%. According to the “Smart Cockpit Assembly Data List for January-September 2024” by Gasgoo Automotive Research Institute, Desay SV holds the leading position in the market with an assembly volume of 630,492 units, accounting for 15.5% of the market share.

###

About Desay SV

Desay SV (002920.SZ) is a leading mobility technology company with R&D and service branches in Germany, Japan, Singapore, Spain, USA, etc. The company focuses on efficiently integrating smart cabin, smart drive, and smart service. Relying on 39 years of accumulation, Desay SV has excelled in R&D, design, quality management, and intelligent manufacturing. Desay SV’s continuous innovation and comprehensive capabilities earn the long-term trust of global customers, including Chery, Geely, SAIC, Toyota, Volkswagen, Volvo, etc., and have helped it rank 74th in the Automotive News 2024 top 100 global auto parts suppliers. For more information, please visit Desay SV online at www.desaysv.com or follow us on: https://www.linkedin.com/company/13690363

About Qualcomm

Qualcomm relentlessly innovates to deliver intelligent computing everywhere, helping the world tackle some of its most important challenges. Our proven solutions drive transformation across major industries, and our Snapdragon® branded platforms power extraordinary consumer experiences. Building on our nearly 40-year leadership in setting industry standards and creating era-defining technology breakthroughs, we deliver leading edge AI, high-performance, low-power computing, and unrivaled connectivity. Together with our ecosystem collaborators, we enable next-generation digital transformation to enrich lives, improve businesses, and advance societies. At Qualcomm, we are engineering human progress. 

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering and research and development functions and substantially all of our products and services businesses, including our QCT semiconductor business. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patents are licensed by Qualcomm Incorporated.

Qualcomm, Snapdragon, Qualcomm Oryon, Hexagon and Adreno are trademarks or registered trademarks of Qualcomm Incorporated.

*All performance targets are compared to previous generation, based on preliminary internal testing, and subject to change upon final validation. 

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SOURCE Desay SV

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VerifiedX Releases VFX SwitchBlade Wallet Featuring First-Mover Bitcoin Utility at BitMart

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TORONTO, Jan. 10, 2025 /PRNewswire/ — The VerifiedX (VFX) Network, VerifiedX.io, has launched its mainnet non-custodial wallet VFX SwitchBlade, which enables full native Bitcoin functionality. The VFX SwitchBlade also supports a ‘first-mover’ fully decentralized and self custodial Bitcoin Tokenization (Verified Bitcoin) with on-chain native features, enabling real day-to-day utility, while solving current frictions for all Bitcoiners globally today. 

 

Verified Bitcoin (vBTC) enables anyone the ability to save, spend, withdraw, borrow, lend, mint & transfer media / documents, and vault actual Bitcoin with on-chain recovery features eliminating the need for third-parties or hardware wallets, through a feature rich simple text smart contract. This incredibly unique Bitcoin token provides for enhanced privacy with near-instant transaction finality, all with near-zero fees. Verified Bitcoin tokens are transferable in any denomination completely peer-to-peer, so long as they have a native Bitcoin balance and always maintain a fully decentralized and non-custodial evergreen 1:1 peg. This means that 1 vBTC will always equal 1 BTC and token owners may withdraw their underlying Bitcoin anytime with a ‘one-click’ multisig action or off-ramp the token itself, in whole or in part, at any participatory liquidity provider.

This empowering development will inevitably help provide congestion relief for the Bitcoin network, dramatically reduce Bitcoin holders cost of ownership and transfers, enable media embedding, and increase self-custodial security exponentially, adding immediate utility to holders of the largest digital asset class. It is anticipated that Verified Bitcoin may also help facilitate additional native scarcity with Total Value Vaulted (TVV) over time on VerifiedX Vaults.

VerifiedX – VFX (VerifiedX.IO) is the first open-source decentralized network that is both a universal layer 1 and a Bitcoin specific sidechain for the purpose of tokenized self-custody, on-chain storage, and peer-to-peer commerce of both digital & physical assets.

For Further Inquiries:
Website: https://verifiedx.io/
Discord: https://discord.gg/7cd5ebDQCj
Twitter (X)): https://twitter.com/vfxblockchain
Github: https://github.com/verifiedxblockchain

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SOURCE VerifiedX.io

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Ratehub Inc. launches a new personal loans marketplace powered by its LoanFinder tool

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Canadian financial technology company launches a personal loans marketplace, simplifying borrowing for Canadians and helping members manage debt better

TORONTO, Jan. 10, 2025 /CNW/ – Ratehub Inc., a leading Canadian financial technology company, has launched a new personal loans marketplace as part of its mission to empower Canadians with the tools and resources to make confident financial decisions.

This launch brings Ratehub closer to its vision of becoming Canada’s go-to source and one-stop shop for all personal finance products. With LoanFinder, Ratehub’s custom-built tool, members can easily explore and compare a range of loan options tailored to their unique needs. Members can quickly secure pre-approval for the best rates, saving both time and money—all within one easy-to-use platform.

“Our launch into personal loans is an important milestone towards achieving our vision of being the one-stop shop for all consumers’ financial needs – spend, save, borrow, invest, and protect,” said Naga Parvatharajan, CEO of Ratehub Inc. “LoanFinder, is a game-changer for Ratehub members. It uses our own data and credit bureau information to pre-approve you for the best loan offers, all without impacting your credit score. We’re thrilled to be working with Fig Financial and Spring Financial as our first partners to bring Canadians simpler borrowing options and help them manage debt better.”

Ratehub members will benefit from:

Comprehensive loan marketplace: Best pre-approved offers through LoanFinder matched to the lender, maximizing members’ approval odds without impacting their credit scoresSeamless digital experience: A fast, fully digital loan application process from the convenience of members’ homesFinancial education: Access to expert articles and resources to guide members on what to look for when selecting loansTransparency: Clear and unbiased information to help members make informed decisionsValue: Save money by refinancing credit card debt, reducing monthly payments, funding home improvement projects, or other needs

“In today’s challenging financial environment, it’s more important than ever to provide the tools and resources that help Canadians make confident decisions,” said Natasha Macmillan, Director of Everyday Banking at Ratehub.ca. “Our goal is to support every Ratehub member based on their financial needs and journey. Our launch of personal loans will allow members to navigate these products and empower them to make well-informed decisions.”

Currently offering comparisons for personal loans, Ratehub’s ultimate goal is to provide a complete range of loan types, with personalized recommendations that help members find the perfect match for their eligibility and financial situation. Ratehub is committed to helping Canadians find their best borrowing option based on their unique financial needs, and ultimately empowering them to manage debt better and take control of their financial future.

About Ratehub Inc.
Ratehub Inc. is the one-stop shop for all consumer finance needs – Save, Spend, Borrow, Invest and Protect. We connect Canadians to the best financial tools, advice, and products on the market through our financial product comparison site and mortgage brokerage, Ratehub.ca, mortgage lender, CanWise, insurance brokerage, RH Insurance, and personal finance website, MoneySense. Millions of Canadians visit Ratehub.ca and MoneySense every year to get personalized recommendations on the best mortgage rates, credit cards, savings accounts, GICs, and insurance products. To learn more, visit www.ratehub.ca or www.canwise.com or www.rhinsurance.ca or www.moneysense.ca.

SOURCE Ratehub Inc.

SOURCE Ratehub Inc.

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