Albany, NY -- (SBWIRE) -- 08/25/2016 -- The 3PL market is growing, especially in emerging countries, as it involves cheap labor, improved infrastructure, and loosening of barriers to trade. In Asia, China remains one of the largest markets for 3PL. However, it is gradually moving toward maturity. The logistics comprises various risks and obstacles, which include cumbersome clearance processes, lack of transport infrastructure, and inefficiencies in logistic processes.

The global IT spending by 3PL market is expected to grow at a CAGR of 12.5% during the forecast period. 3PL markets are still recovering from the 2008 recession and Eurozone crisis, which is leading to sluggish demand for logistic services in Europe. With the GDP in countries with mature markets hovering around only 1-3%, supply outstrips demand and businesses have become cautious about investing in technology.

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The global IT spending market by 3PL can be segmented into six: SCM and procurement, warehouse management, transportation management, field service management, freight management, and others. This report covers information about the market share of the global IT spending market by 3PL by application.

Technavio's report, Global IT Spending Market by 3PL 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the global IT spending market landscape by 3PL and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors
- Accenture
- Capgemini
- Genpact
- IBM
- TCS

Key Regions
- APAC
- Europe
- MEA
- North America
- South America

Other Prominent Vendors
- 3PLCentral
- AegisBridge Solution Group
- Camelot 3PL Software
- ClickSoftware
- FieldOne Systems
- Geneva Systems

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Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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