During a 2023 survey carried out among media strategists, planners and buyers from North America who worked on programmatic campaigns, respondents were asked to rank the importance of a range of factors influencing the choice of a third-party data provider. Audience size ranked first, having received 4.45 point on a scale from 1 to 5.

In 2021, expenditure on third party audience data in the United States amounted to 22 billion U.S. dollars, out of which 13.3 billion was spent on data itself and 8.7 billion on audience data activation solutions.

Salutary Data is a boutique, B2B contact and company data provider that's committed to delivering high quality data for sales intelligence, lead generation, marketing, recruiting / HR, identity resolution, and ML / AI. Our database currently consists of 148MM+ highly curated B2B Contacts ( US only), along with over 4M+ companies, and is updated regularly to ensure we have the most up-to-date information.

We can enrich your in-house data ( CRM Enrichment, Lead Enrichment, etc.) and provide you with a custom dataset ( such as a lead list) tailored to your target audience specifications and data use-case. We also support large-scale data licensing to software providers and agencies that intend to redistribute our data to their customers and end-users.

What makes Salutary unique? - We offer our clients a truly unique, one-stop aggregation of the best-of-breed quality data sources. Our supplier network consists of numerous, established high quality suppliers that are rigorously vetted. - We leverage third party verification vendors to ensure phone numbers and emails are accurate and connect to the right person. Additionally, we deploy automated and manual verification techniques to ensure we have the latest job information for contacts. - We're reasonably priced and easy to work with.

Products: API Suite Web UI Full and Custom Data Feeds

Services: Data Enrichment - We assess the fill rate gaps and profile your customer file for the purpose of appending fields, updating information, and/or rendering net new “look alike” prospects for your campaigns. ABM Match & Append - Send us your domain or other company related files, and we’ll match your Account Based Marketing targets and provide you with B2B contacts to campaign. Optionally throw in your suppression file to avoid any redundant records. Verification (“Cleaning/Hygiene”) Services - Address the 2% per month aging issue on contact records! We will identify duplicate records, contacts no longer at the company, rid your email hard bounces, and update/replace titles or phones. This is right up our alley and levers our existing internal and external processes and systems.

Salutary Data is a boutique, B2B contact and company data provider that's committed to delivering high quality data for sales intelligence, lead generation, marketing, recruiting / HR, identity resolution, and ML / AI. Our database currently consists of 148MM+ highly curated B2B Contacts ( US only), along with over 4M+ companies, and is updated regularly to ensure we have the most up-to-date information.

We can enrich your in-house data ( CRM Enrichment, Lead Enrichment, etc.) and provide you with a custom dataset ( such as a lead list) tailored to your target audience specifications and data use-case. We also support large-scale data licensing to software providers and agencies that intend to redistribute our data to their customers and end-users.

What makes Salutary unique? - We offer our clients a truly unique, one-stop aggregation of the best-of-breed quality data sources. Our supplier network consists of numerous, established high quality suppliers that are rigorously vetted. - We leverage third party verification vendors to ensure phone numbers and emails are accurate and connect to the right person. Additionally, we deploy automated and manual verification techniques to ensure we have the latest job information for contacts. - We're reasonably priced and easy to work with.

Products: API Suite Web UI Full and Custom Data Feeds

Services: Data Enrichment - We assess the fill rate gaps and profile your customer file for the purpose of appending fields, updating information, and/or rendering net new “look alike” prospects for your campaigns. ABM Match & Append - Send us your domain or other company related files, and we’ll match your Account Based Marketing targets and provide you with B2B contacts to campaign. Optionally throw in your suppression file to avoid any redundant records. Verification (“Cleaning/Hygiene”) Services - Address the 2% per month aging issue on contact records! We will identify duplicate records, contacts no longer at the company, rid your email hard bounces, and update/replace titles or phones. This is right up our alley and levers our existing internal and external processes and systems.

Data includes the following information for each service provider: * region (the ministry's geographical boundary) * program * service provider ID * service provider name (legal name) * service provider address * service delivery site ID * service delivery site address Service providers have contractual agreements with the Ministry of Training, Colleges and Universities to deliver a program. Service delivery sites are the physical locations where these programs are offered. There may be multiple service delivery sites for each service provider. Visit Employment Ontario for more information.

Third-Party Banking Software Market Outlook

The global third-party banking software market size was valued at approximately USD 26.4 billion in 2023 and is projected to reach around USD 53.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.3% during the forecast period. The surge in digital banking trends, coupled with the increasing need for robust security measures and efficient risk management solutions, is driving the market's growth.

One of the prominent growth factors for this market is the rapid digital transformation occurring within the banking sector. Banks are increasingly adopting third-party software solutions to enhance operational efficiency, meet regulatory requirements, and offer better customer experiences. The advent of technologies such as artificial intelligence (AI), machine learning (ML), and blockchain has further accelerated this transformation, providing banks with sophisticated tools to combat fraud, optimize operations, and personalize customer interactions. Additionally, the growing trend of open banking, which mandates banks to provide third-party providers access to their financial data through APIs, has catalyzed the demand for third-party banking software to facilitate seamless and secure data exchange.

Another critical driver is the increasing prevalence of cyber threats and financial crimes. The banking sector is a prime target for cyberattacks, necessitating robust information security solutions. Third-party banking software providers are continuously innovating to offer advanced security features that protect sensitive financial data, detect suspicious activities, and comply with stringent regulatory standards. The implementation of security solutions is not just a regulatory requirement but also a strategic imperative to build trust and credibility with customers. Enhanced security features, such as real-time monitoring, biometric authentication, and end-to-end encryption, are becoming indispensable components of modern banking infrastructure.

The growing inclination towards customer-centric banking is also propelling the market. Banks are focusing on providing personalized services and seamless digital experiences to retain and attract customers. Third-party banking software helps banks analyze customer data and derive valuable insights, enabling them to tailor products and services according to individual preferences. Business intelligence and analytical tools are gaining traction as they assist banks in understanding consumer behavior, predicting market trends, and making data-driven decisions. The integration of customer relationship management (CRM) systems with banking software is further enhancing customer engagement and loyalty.

Regionally, the Asia Pacific market is anticipated to witness substantial growth owing to the rapid adoption of digital banking solutions and increasing investments in fintech. Countries like China, India, and Japan are at the forefront of this transformation, driven by favorable government initiatives, a large unbanked population, and the proliferation of smartphones. North America and Europe are also significant markets, characterized by a high degree of technological adoption, mature banking sectors, and stringent regulatory landscapes. Latin America and the Middle East & Africa are emerging markets with considerable growth potential, buoyed by improving economic conditions and increasing penetration of digital banking services.

In the realm of financial technology, Banking Accounting Software plays a pivotal role in streamlining financial operations for banks and financial institutions. This software is designed to manage and automate the accounting processes, ensuring accuracy and compliance with financial regulations. By integrating with existing banking systems, it provides real-time financial insights and reporting capabilities, which are crucial for strategic decision-making. The adoption of such software not only enhances operational efficiency but also reduces the risk of human error in financial transactions. As banks continue to evolve in the digital age, the demand for robust Banking Accounting Software is expected to rise, providing a competitive edge in the market.

Deployment Type Analysis

The deployment type segment of the third-party banking software market is bifurcated into on-premises and cloud-based solutions. On-premises deployment involves hosting software within the bank's own infrastructure, providing complete

The global third-party maintenance for data center market is anticipated to reach a value of $2734.6 million by 2033, expanding at a CAGR of 11.2% from 2025 to 2033. The rising need for cost-effective maintenance services, technological advancements in data center infrastructure, and increasing adoption of cloud and colocation services are primarily driving market growth. Furthermore, the growing importance of data security and compliance regulations is expected to further fuel demand for third-party maintenance services. The market is segmented based on application, type, and region. By application, the large enterprises segment is projected to hold a significant market share, attributed to the increasing number of data centers and the need for reliable maintenance services. By type, the server maintenance segment is expected to witness substantial growth due to the rising adoption of cloud and virtualization technologies. Geographically, North America is anticipated to dominate the market, followed by Europe and Asia Pacific. The increasing presence of data center providers and the growing adoption of third-party maintenance services in these regions are key factors contributing to market growth.

Data Center and Network Third-Party Hardware Maintenance Service Market Outlook

The global market size for Data Center and Network Third-Party Hardware Maintenance Services was valued at approximately USD 3.5 billion in 2023 and is projected to reach around USD 6.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.8% during the forecast period. This robust growth is driven by the increasing demand for cost-effective solutions in data center management and the rising complexity of network infrastructure.

One of the key growth factors for this market is the escalating need for cost optimization in IT operations. Data centers require continuous maintenance and updates to ensure optimal performance, and third-party maintenance services offer a cost-effective alternative to OEM support by providing flexible and customizable service plans. Additionally, the expanding data center industries across various sectors, including BFSI, IT, and telecommunications, are fueling the demand for third-party maintenance services. These sectors are increasingly relying on third-party providers to maintain and manage their complex hardware infrastructure, thus reducing operational costs and ensuring high uptime.

Another significant driver for market growth is the rapid technological advancements in data centers and networking solutions. As companies adopt new technologies like artificial intelligence, IoT, and edge computing, the complexity of maintaining hardware infrastructure grows. Third-party service providers are well-equipped with the latest tools and expertise to handle such sophisticated systems, thereby ensuring seamless operations and minimal downtime. The evolving regulatory landscape also necessitates regular maintenance and compliance checks, further boosting the demand for specialized third-party services.

The rising trend of data center colocation and hyperscale facilities is also contributing to market growth. Organizations are increasingly opting for colocation services to manage their expansive data and networking needs without the significant capital expenditure involved in owning and maintaining data centers. This shift towards colocation and hyperscale data centers drives the demand for third-party maintenance services, as these facilities often require specialized maintenance capabilities that can be provided more efficiently by third-party vendors.

From a regional perspective, North America dominates the market with the highest share, owing to the presence of numerous data centers and advanced network infrastructures. The region's strong technological landscape and high adoption rate of new technologies are key factors driving market growth. Asia Pacific is anticipated to witness the highest CAGR during the forecast period, driven by rapid digitization, increasing IT investments, and the growing presence of data centers in countries like China and India. Europe also holds a significant market share due to the region's focus on data privacy and stringent regulatory requirements, which necessitate regular maintenance and compliance services.

Service Type Analysis

In the context of service types, the market can be segmented into Preventive Maintenance, Corrective Maintenance, and Predictive Maintenance. Preventive Maintenance is crucial for avoiding unexpected hardware failures and ensuring the longevity of data center equipment. This involves regular inspections, updates, and optimizations to keep the hardware in optimal condition. Preventive maintenance services are gaining traction as they help organizations avoid costly downtime and improve the overall efficiency of their data centers.

Corrective Maintenance, on the other hand, involves the repair or replacement of faulty hardware components. This type of maintenance is reactive and is often performed after a failure has occurred. While it is essential for ensuring the quick restoration of services, it can be more costly compared to preventive maintenance. However, corrective maintenance remains indispensable, particularly in scenarios where unexpected hardware failures cannot be completely avoided.

Predictive Maintenance is an emerging segment that leverages advanced technologies like machine learning and IoT to predict potential hardware failures before they occur. By analyzing data from sensors and other monitoring devices, predictive maintenance can identify patterns and anomalies that indicate an impending failure. This proactive approach helps organizations minimize downtime and maintenance costs by addressing issues before they escal

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Third-Party Banking Software Market Size 2025-2029

The third-party banking software market size is forecast to increase by USD 10.56 billion at a CAGR of 6.6% between 2024 and 2029.

The market is witnessing significant growth, driven by the increasing adoption of digital payment solutions and the incorporation of advanced analytics capabilities. Digital transformation in the banking sector is leading to a surge in demand for third-party banking software that enables seamless integration with various digital payment platforms and provides real-time transaction processing and analysis. Furthermore, the integration of analytics into third-party banking software is enabling financial institutions to gain valuable insights into customer behavior and preferences, thereby enhancing customer experience and loyalty. However, the market also faces challenges related to data privacy and security.
With the increasing use of digital channels for banking transactions, ensuring the security and privacy of customer data is paramount. Breaches and cyber-attacks pose a significant threat to financial institutions and can result in reputational damage and financial losses. Therefore, third-party banking software providers must prioritize data security and privacy to gain the trust of financial institutions and their customers. Additionally, regulatory compliance is another challenge, with financial institutions requiring third-party software providers to adhere to stringent regulatory frameworks to ensure data security and privacy. Companies seeking to capitalize on market opportunities and navigate challenges effectively must focus on providing robust data security and privacy features and ensuring regulatory compliance.

What will be the Size of the Third-Party Banking Software Market during the forecast period?

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The market continues to evolve, driven by the ever-changing needs of financial institutions and their customers. User interfaces are becoming more intuitive, enabling seamless customer acquisition and retention. Open banking and financial wellness initiatives are integrating personalized services, data analytics, and payment processing to enhance the digital banking experience. Businesses are leveraging real-time data, API integration, and machine learning to optimize financial planning and investment management. Workflow automation and artificial intelligence are streamlining customer relationship management and wealth management processes. Digital transformation is also revolutionizing enterprise resource planning and financial education. Moreover, the integration of loan origination, data visualization, and agile development is enabling financial institutions to provide more efficient and effective services.
Fraud detection and financial inclusion are also becoming essential components of the market, ensuring security and accessibility for all customers. The ongoing digital banking revolution is transforming the financial landscape, with mobile banking and cloud computing playing a significant role. The market's continuous dynamism is reflected in its ability to adapt to emerging trends, such as financial literacy and account aggregation, and incorporate them into its offerings. The future of the market is bright, with endless possibilities for innovation and growth.

How is this Third-Party Banking Software Industry segmented?

The third-party banking software industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Core banking software
  Omnichannel banking software
  Business intelligence software
  Wealth management software


Deployment

  On-premises
  Cloud


Application

  Risk Management
  Information Security
  Business Intelligence


Service Model

  Managed Services
  Professional Services
  Implementation Services


Geography

  North America

    US
    Canada


  South America

    Brazil
    Argentina


  Middle East and Africa

    UAE


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The core banking software segment is estimated to witness significant growth during the forecast period.

The market encompasses various solutions that empower financial institutions to enhance their operations and deliver superior customer experiences. Core banking software, a significant segment, focuses on essential banking processes such as loan, credit, deposit, and funds transfer. Multi-channel access via ATMs, Internet banking, and phone banking are also facilitated through this software. The retail banking sector's expansion, driven by government initiatives encouraging account opening, is fueling the demand f

According to Cognitive Market Research, the global Data Exchange Platform Services Market size was USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of XX% from 2024 to 2033.

North America held largest share of XX% in the year 2024 
Europe held share of XX% in the year 2024 
Asia-Pacific held significant share of XX% in the year 2024 
South America held significant share of XX% in the year 2024
Middle East and Africa held significant share of XX% in the year 2024 

Market Dynamics of the Data Exchange Platform Service Market:

Key Drivers for the Data Exchange Platform Service Market

Businesses Are Increasingly Requiring Third-Party Data to Analyse Consumer Purchase Behavior and the Market which las led to the growth of the market 

The market is experiencing an increase in demand for third-party data, which is being met by data exchange platform services. This data ranges from traffic and financial data to climatic, geographic, and streaming sensor data. In order to enhance their statistical and machine learning models, data scientists and researchers are always searching for new sources of data. Third-party data, including as demographic, psychographic, and social media information, is needed by market researchers in a variety of domains to enhance analysis, predictions, and plans and to build 360-degree perspectives of their clientele. Furthermore, big companies are already requesting clickstream data in order to, among other things, personalize user experiences and develop engaging suggestion engines. For instance, in January 2020, IBM Corporation and Yara International worked together to create an open data sharing platform that can help with field and farm data collaboration, allowing more food to be produced globally while leaving a reduced environmental impact. It is anticipated that demand for data exchange platform services will continue to grow during the forecast period due to intensifying competition and platform service providers' rush to create premium features. In order to enable data consumers to quickly survey, purchase, upload, and query such data sets, businesses are increasingly working to simplify the process for data providers to package, distribute, sell, protect, and manage data assets. Unquestionably, an uncontested data exchange platform fosters development for all parties involved—data operators, suppliers, and customers—and is easier to market and use. Throughout the forecast period, all of these factors will be propelling the worldwide data exchange platform services market.

Restraints for the Data Exchange Platform Service Market

High initial costs for Data Exchange Platform Services may hamper the growth of the market 

Initial installation costs for demand planning solution programs might be high. They also incur additional expenditures associated with upkeep. Furthermore, organizations may be compelled to boost their expenditures for staff training on how to use the systems, in addition to spending on information technology (IT) infrastructure within the company. These challenges may impede Data Exchange Platform Services market growth throughout the projection period, particularly for small and medium-sized businesses. Without internal knowledge or technical resources, the costs for gear purchases, implementation fees, and software licensing can be prohibitive. Furthermore, continuing maintenance, such as repairs, training expenses, and IT assistance, may put further strain on already limited funds Market Overview of the Data Exchange Platform Services Market

Data Exchange Platform Services are often valuable for marketers, developers, website owners, and UI/UX professionals. It collects mouse motions such as scrolling, highlighting, typing, keypresses, heatmaps, and funnels, which assist to improve the efficiency of an application or website and obtain greater conversion rates. A replay solution delivers intangible facts for users who encounter difficult challenges when visiting a website. It helps to identify issues, eradicate them, and provide a smoother online experience. Furthermore, it aids in inspecting possible consumer behavior, better investigating customer wants, and adjusting web design layouts. A session replay tool lets the customer support staff fix difficulties in real-time using heatmap analysis, which reveals...

Snapshot img

Healthcare Third-Party Logistics Market Size 2025-2029

The healthcare third-party logistics market size is forecast to increase by USD 98.5 billion at a CAGR of 9.5% between 2024 and 2029.

The market is experiencing significant growth due to the increasing demand for efficient and integrated medical logistics solutions. Healthcare institutions are expanding their distribution centers to improve logistics enhancements, with a focus on real-time tracking and automation. The integration of Internet of Things (IoT) technology is enabling cold chain logistics to ensure the safe and timely delivery of temperature-sensitive medical supplies.
Moreover, the healthcare third-party logistic market is also witnessing an uptick in mergers and acquisitions, as well as the opening of new facilities, to meet the growing demand for specialized logistics services. The implementation of complex and evolving regulations further underscores the importance of outsourcing logistics functions to third-party providers. In summary, the market is witnessing robust growth, driven by the need for advanced biopharmaceutical third-party logistics solutions, regulatory compliance, and the integration of technology to enhance efficiency and accuracy.

What will be the Healthcare Third-Party Logistics Market size during the forecast period?

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The healthcare industry is one of the most critical sectors in any economy, requiring the timely and efficient delivery of a diverse range of products, including pharmaceuticals, medical devices, and healthcare supplies. Third-party logistics (3PL) providers play a pivotal role in ensuring the seamless flow of these goods from manufacturers to healthcare institutions and end-users. 3PLs offer various services, including warehousing, transportation, temperature-controlled logistics, and technology integration, to address the unique challenges of the healthcare sector. Warehousing solutions cater to the specific needs of healthcare supplies, such as temperature-controlled storage for biopharmaceuticals and cold chains for sensitive medical devices.
Moreover, transportation services ensure the timely and secure delivery of healthcare products, often requiring specialized handling and temperature control. Temperature-controlled logistics is particularly crucial for biopharmaceuticals, as many require specific storage conditions to maintain their efficacy and safety. Technology integration is another essential aspect of 3PL services in healthcare. Advanced retrieval systems and automated storage solutions help manage vast amounts of data and inventory, reducing information asymmetry and improving overall supply chain efficiency. The healthcare sector's growing focus on personalized medicine and medical devices necessitates the need for sophisticated logistics solutions. Biopharmaceuticals, for instance, require specialized handling due to their unique characteristics, such as temperature sensitivity and short shelf life.
Furthermore, freight services are another critical component of 3PL offerings in healthcare. Contracted logistics services enable healthcare institutions to optimize their supply chain operations by leveraging the expertise and resources of 3PL providers. Database management and online shopping are also gaining traction in the healthcare sector, with 3PLs offering solutions to help healthcare providers and patients manage their inventory and access essential supplies more efficiently. In conclusion, third-party logistics providers offer a range of services, from warehousing and transportation to technology integration and database management, to address the unique challenges of the healthcare sector. By partnering with 3PLs, healthcare institutions and manufacturers can improve their supply chain efficiency, reduce costs, and ultimately, enhance patient care.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Unit packaging
  Bulk packaging
  Specialized packaging


Service Type

  Warehousing and distribution
  Transportation management
  Packaging and labelling
  Inventory management
  Value-added services


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy
    Spain


  APAC

    China
    India
    Japan


  Middle East and Africa



  South America

By Type Insights

The unit packaging segment is estimated to witness significant growth during the forecast period.

In the realm of healthcare third-party logistics, unit packaging plays a pivotal role in ensuring the safety, compliance, and efficiency of distributing individual healthcare products. This process involves p

The global third-party IDC (Internet Data Center) services market is experiencing robust growth, driven by the escalating demand for cloud computing, big data analytics, and the proliferation of connected devices. The market's expansion is fueled by several key factors. Firstly, large enterprises and SMEs alike are increasingly outsourcing their IT infrastructure management to third-party providers to reduce capital expenditure, improve operational efficiency, and gain access to advanced technologies. Secondly, the rise of edge computing necessitates geographically dispersed data centers, creating significant opportunities for third-party IDC service providers. Furthermore, government initiatives promoting digital transformation and technological advancements are also contributing to market expansion. Competition is intense, with established players like Cisco, HP, IBM, and Microsoft vying for market share alongside emerging providers specializing in niche areas like colocation and hyperscale data centers. The market is segmented by application (Large Enterprises and SMEs) and type (Wholesale and Retail), with large enterprises currently dominating the market share due to their greater IT infrastructure requirements. Regional growth varies, with North America and Asia Pacific expected to lead the way due to high technological adoption rates and substantial investments in digital infrastructure. However, regulatory hurdles and data security concerns pose potential restraints to market growth. Looking ahead, the market is expected to witness sustained growth throughout the forecast period (2025-2033). This positive outlook is underpinned by the continued digital transformation across various industries, the expansion of 5G networks fueling the need for robust data center infrastructure, and the growing adoption of AI and machine learning, which are highly data-intensive. While challenges such as cybersecurity threats and increasing energy costs persist, the long-term growth trajectory remains positive. Strategic partnerships, mergers and acquisitions, and continuous technological innovation will shape the competitive landscape and determine future market leaders. The ongoing demand for reliable, scalable, and secure data center services will continue to propel the expansion of the third-party IDC market globally.

The global third-party Independent Data Center (IDC) services market is experiencing robust growth, driven by the increasing demand for cloud computing, big data analytics, and the Internet of Things (IoT). Businesses, especially large enterprises and SMEs, are increasingly outsourcing their IT infrastructure needs to third-party providers to reduce capital expenditure, improve operational efficiency, and gain access to advanced technologies. The market is segmented by application (large enterprises and SMEs) and type (wholesale and retail), with large enterprises currently dominating the market share due to their higher IT spending. Key trends shaping the market include the rise of hyperscale data centers, edge computing deployments, and the increasing adoption of colocation services. Geographic expansion is also a prominent trend, with regions like North America and Asia-Pacific witnessing significant growth fueled by strong digital transformation initiatives and rising internet penetration. However, challenges remain, such as regulatory hurdles, data security concerns, and the need for skilled workforce in various regions to manage and maintain these complex infrastructures. Competition is fierce amongst established players like Cisco, HP, IBM, Google, Microsoft, and Amazon, as well as several regional players. The market's growth is expected to continue at a healthy Compound Annual Growth Rate (CAGR), driven by the ongoing digital transformation across industries. The forecast period (2025-2033) anticipates significant market expansion, fueled by continued adoption of cloud-based services and increased investment in digital infrastructure globally. While North America and Europe currently hold substantial market shares, the Asia-Pacific region is projected to exhibit the most rapid growth, driven by the expanding digital economies of countries like China and India. The wholesale segment is likely to show strong growth due to the increasing demand from hyperscale data center operators. However, maintaining data security and compliance with evolving regulations will be critical for service providers seeking to thrive in this competitive and rapidly evolving landscape. Companies are focusing on innovations like AI-powered data center management and sustainable energy solutions to gain a competitive edge. Success will depend on providers' ability to offer scalable, secure, and cost-effective solutions tailored to the diverse needs of their clients across various industries and geographic locations.

This statistic depicts the technology services offered by third-party logistics (3PL) providers worldwide in 2021. During the survey, 94 percent of respondents from 3PL providers stated their company offers electronic data interchange (EDI) services, making this the most commonly-offered technology service.

IT Spending by Third-Party Logistics (3PL) Market Size And Forecast

IT Spending by Third-Party Logistics (3PL) Market size was valued at USD 118 Billion in 2023 and is projected to reach USD 239 Billion by 2031, growing at a CAGR of 9% during the forecast period 2024-2031.

Global IT Spending by Third-Party Logistics (3PL) Market Drivers

The market drivers for the IT Spending by Third-Party Logistics (3PL) Market can be influenced by various factors. These may include:

Increasing Demand For E-Commerce Logistics: The explosive growth of e-commerce is a primary driver for IT spending by third-party logistics (3PL) providers. As online shopping continues to rise, logistics companies are under pressure to enhance their IT infrastructure to manage inventory, streamline order fulfillment, and improve customer service. Advanced technologies such as warehouse management systems (WMS) and transportation management systems (TMS) are essential to handle increased order volumes efficiently. Additionally, integrating sophisticated analytics and real-time tracking enhances customer experience, making IT investments crucial for maintaining competitive advantage in a rapidly evolving market. Need For Operational Efficiency: Another significant driver is the need for operational efficiency. 3PL providers are increasingly adopting technologies such as automation, robotics, and data analytics to optimize their supply chain processes. These technologies facilitate improved decision-making through data-driven insights, thereby reducing operational costs and enhancing service levels. IT investments enable seamless integration of various supply chain functions, from inventory management to last-mile delivery, leading to greater productivity. As competition intensifies, 3PL companies recognize that enhancing their operational capabilities via advanced IT solutions is vital for ensuring profitability and meeting client expectations. Emergence Of Advanced Technologies: The rise of advanced technologies is a crucial factor for IT spending within the 3PL market. Technologies such as the Internet of Things (IoT), artificial intelligence (AI), and blockchain are transforming logistics operations. IoT devices allow for real-time tracking and visibility of shipments, significantly improving supply chain transparency. AI algorithms optimize route planning and demand forecasting, while blockchain enhances security and traceability. As these technologies mature, 3PL providers are compelled to invest heavily in IT to leverage their benefits, ensuring they remain relevant and competitive in an innovative logistics landscape. Regulatory Compliance And Security Concerns: Regulatory compliance and growing security concerns are additional market drivers for IT spending in the 3PL sector. The logistics industry is subject to strict regulations regarding data privacy, labor laws, and safety standards. Non-compliance can lead to significant penalties and damage to reputation. Consequently, 3PL providers are investing in IT solutions that ensure compliance with these regulations and enhance data security protocols. Robust cybersecurity measures, including encryption and multi-factor authentication, are essential to protect sensitive customer information and maintain trust in a landscape increasingly threatened by cyber-attacks. Globalization Of Supply Chains: The globalization of supply chains is another influential factor for IT spending by 3PL firms. As businesses expand their operations internationally, managing global logistics complexities becomes imperative. Increased cross-border transactions necessitate enhanced IT systems that can support multi-currency operations, customs documentation, and international shipping regulations. Additionally, advanced IT solutions facilitate better collaboration across borders, enabling seamless communication between various stakeholders, from suppliers to customers. The demand for real-time visibility in global supply chains further fuels the need for investment in advanced IT infrastructure, allowing for improved supply chain coordination and flexibility.

McGRAW’s US B2B Data: Accurate, Reliable, and Market-Ready

Our B2B database delivers over 80 million verified contacts with 95%+ accuracy. Supported by in-house call centers, social media validation, and market research teams, we ensure that every record is fresh, reliable, and optimized for B2B outreach, lead generation, and advanced market insights.

Our B2B database is one of the most accurate and extensive datasets available, covering over 91 million business executives with a 95%+ accuracy guarantee. Designed for businesses that require the highest quality data, this database provides detailed, validated, and continuously updated information on decision-makers and industry influencers worldwide.

The B2B Database is meticulously curated to meet the needs of businesses seeking precise and actionable data. Our datasets are not only extensive but also rigorously validated and updated to ensure the highest level of accuracy and reliability.

Key Data Attributes:

• Personal Identifiers: First name, last name
• Professional Details: Title, direct dial numbers
• Business Information: Company name, address, phone number, fax number, website
• Company Metrics: Employee size, sales volume
• Technology Insights: Information on hardware and software usage across organizations
• Social Media Connections: LinkedIn, Facebook, and direct dial contacts
• Corporate Insights: Detailed company profiles

Unlike many providers that rely solely on third-party vendor files, McGRAW takes a hands-on approach to data validation. Our dedicated nearshore and offshore call centers engage directly with data before each delivery to ensure every record meets our high standards of accuracy and relevance.

In addition, our teams of social media validators, market researchers, and digital marketing specialists continuously refine and update records to maintain data freshness. Each dataset undergoes multiple verification checks using internal validation processes and third-party tools such as Fresh Address, BriteVerify, and Impressionwise to guarantee the highest data quality.

Additional Data Solutions and Services

• Data Enhancement: Email and LinkedIn appends, contact discovery across global roles and functions

• Business Verification: Real-time validation through call centers, social media, and market research

• Technology Insights: Detailed IT infrastructure reports, spending trends, and executive insights

• Healthcare Database: Access to over 80 million healthcare professionals and industry leaders

• Global Reach: US and international GDPR-compliant datasets, complete with email, postal, and phone contacts

• Email Broadcast Services: Full-service campaign execution, from testing to live deployment, with tracking of key engagement metrics such as opens and clicks

Many B2B data providers rely on vendor-contributed files without conducting the rigorous validation necessary to ensure accuracy. This often results in outdated and unreliable data that fails to meet the demands of a fast-moving business environment.

McGRAW takes a different approach. By owning and operating dedicated call centers, we directly verify and validate our data before delivery, ensuring that every record is up-to-date and ready to drive business success.

Through continuous validation, social media verification, and real-time updates, McGRAW provides a high-quality, dependable database for businesses that prioritize data integrity and performance. Our Global Business Executives database is the ideal solution for companies that need accurate, relevant, and market-ready data to fuel their strategies.

The Third-Party Logistics Providers (3PL) market has emerged as a cornerstone of the global supply chain ecosystem, serving a diverse range of industries by offering a seamless blend of transportation, warehousing, and distribution services. This market has seen remarkable evolution over the past decade, driven by t

Best virtual data rooms 2024 dataset is created to provide the data room users and M&A specialists with detailed information on the best virtual data rooms. The dataset contains the descriptions of each dataroom solution and their ratings.