FarEye Strengths, Domain Expertise, and Key Differentiators
FarEye's Intelligent Delivery platform transforms home deliveries into a strategic edge. Retailers, e-commerce entities, and third-party logistics firms leverage FarEye's distinctive blend of orchestration, real-time visibility, and customized customer experiences to streamline intricate last-mile delivery logistics. This platform empowers businesses to enhance consumer loyalty and satisfaction, cut costs, and boost operational efficiencies.
FarEye Recent Developments
In 2023 Interflora, the well-known flower delivery network comprising over 900 florist members across the U.K. and Ireland, has revealed its partnership with FarEye, a prominent last-mile logistics technology platform. This innovative collaboration seeks to transform the customer delivery experience by ensuring comprehensive visibility and personalization at every stage of the delivery process.
In June 2022 FarEye introduced an online returns management solution to simplify the returns experience for customers by removing friction from returns and exchanges and creating new revenue opportunities for retailers. FarEye’s online returns management solution gives brands a customized returns strategy to streamline return and exchange requests, inventory, logistics, and processing and connect every point in the return cycle. The solution offers in-depth functionality for picking up, receiving, inspecting, and processing returns and exchanges. Furthermore, FarEye is uniquely able to layer those return flows on top of the existing “forward” delivery network driving speed, and efficiency while driving return costs down.
FarEye Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying FarEye applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of FarEye and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified FarEye IDM Platform customers.
FarEye Overview
Lotus Business Park, Plot No.8, Tower B, 5th Floor, Sector-127
Noida, x, 201301, India
91 120 620 5800
https://www.getfareye.com/
Ownership: - x
Number of Employees: 1000
Functional Markets: ERP Services and Operations, SCM,
Key Verticals: Consumer Packaged Goods, Distribution, Manufacturing, Professional Services, Retail,
FarEye Key Enterprise and Cloud Applications
FarEye IDM Platform
FarEye Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
FarEye Revenue Breakdown By Type, $M:
FarEye Enterprise Applications Revenues By Functional Markets, $M:
FarEye Enterprise Applications Revenues By Verticals, $M:
FarEye Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
FarEye Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
FarEye Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified FarEye Customers
No. of FarEye Customers: 160
No. of FarEye Enterprise Applications Customers: x
No. of FarEye Cloud Customers: x
No. of FarEye Cloud Subscribers: 25000
FarEye has 150+ customers across 30 countries and five offices globally. FarEye, First Choice for Last Mile. Customers include leading brands like Wallmart, UPS, DHL, Posti, Amway, HelloFresh, Zalora, and leading third-party logistics businesses like Logisfashion.
FarEye Market Opportunities, M&A and Geo Expansions
In May 2023, FarEye introduced "Grow," a solution designed for logistics companies aiming to offer a contemporary experience to their customers. Boasting a user-friendly interface, effortless onboarding, automated booking, and seamless integration of payments, Grow is poised to enable logistics businesses to expedite customer acquisition, enhance satisfaction, and foster overall growth.
In February 2022 FarEye revealed several new capabilities for more environmentally sustainable delivery operations, route optimization, and consumer experience. New capabilities across FarEye’s Intelligent Delivery Management Platform are designed to help customers boost delivery efficiency, enable green fleets, and gain visibility into outcomes of sustainability initiatives.
FarEye Risks and Challenges
A possible risk for a software company that exclusively develops solutions for the Supply Chain Management (SCM) market could be market dependency. Relying solely on the SCM sector makes the company vulnerable to fluctuations in that specific market. If the SCM industry faces economic downturns, regulatory changes, or technological disruptions, the software company might experience a decline in demand for its products and services. This dependency on a single market could impact revenue streams and overall business sustainability. Diversification or adaptability strategies may be necessary to mitigate such risks.
FarEye Ecosystem, Partners, Resellers and SI
On March 29, 2023, FarEye revealed a strategic partnership with Syscons to enhance the end-to-end last-mile delivery experience for retailers, fashion brands, and manufacturers in Europe. The FarEye delivery management platform will integrate into Syscons' supply chain and omnichannel solutions, simplifying implementations and accelerating time-to-market for customers. The collaboration, with a focus on Southern Europe, aims to efficiently deploy last-mile solutions.
In January 2022 FarEye has been selected by Microsoft as an Amplification Partner in Microsoft Cloud for Retail. The collaboration empowers and transforms how retailers orchestrate, track, and optimize the movement of goods, enabling enterprises to lower logistics costs while meeting the needs of end consumers.
FarEye Cloud Infrastructure Insights
Subscribe to read more about:
- FarEye Public Cloud and Infrastructure (IaaS)
- FarEye Platform (PaaS)
- FarEye Application Delivery
- FarEye Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/About Ushttps://www.appsruntheworld.com/taxonomy
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