FourKites Strengths, Domain Expertise, and Key Differentiators
FourKites provides a predictive supply chain platform, delivering real-time visibility and execution for Fortune 500 companies and third-party logistics firms.
Using a proprietary algorithm to calculate shipment arrival times, FourKites enables customers to lower operating costs, improve on-time performance, and strengthen end-customer relationships. With a network of more than four million GPS/ELD devices, FourKites covers all modes including ocean, rail, parcel and over-the-road. The platform is optimized for mobile and equipped with market-leading end-to-end security.
FourKites Recent Developments
FourKites announced new collaborative features designed to reduce human contact and decrease the risk of virus transmission to frontline workers. Among these were paperless document processing, customer notifications, enhanced instant messaging, and capabilities for retailers that enable them to track last-mile shipments from local warehouses to outlets. Just two weeks after the COVID outbreak in the U.S., FourKites introduced a publicly available live network congestion map that spotlights cross-border freight movements across North America, Mexico, and Europe; port delays; and interstate transit metrics, as well as free services to better support shippers, carriers, and drivers with data and transparency.
FourKites Mergers and Acquisitions (M&A) Activities
FourKites acquired Haven Inc., a company that automates logistics processes, for ocean freight companies, commodity traders, food producers, and other large shippers.
Through this acquisition, FourKites also announced it has rolled out a new offering, entitled Dynamic Ocean, which is described as a next-gen visibility offering for the end-to-end management for international ocean shipments, adding that Dynamic Ocean builds on technologies acquired by bringing Haven into the fold.
FourKites Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying FourKites 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 FourKites 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 FourKites Real-Time Transportation Visibility Platform customers.
Ownership: - x
Number of Employees: 550
Functional Markets: SCM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, Healthcare, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
FourKites Key Enterprise and Cloud Applications
FourKites Real-Time Transportation Visibility Platform
FourKites Revenues, $M:
|Type/Year||2020||2021||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.
FourKites Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
FourKites Enterprise Applications Revenues By Functional Markets, $M:
FourKites Enterprise Applications Revenues By Verticals, $M:
FourKites Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
FourKites Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
FourKites Customers - Breakdown by Geo, Size, Vertical and Product
No. of FourKites Customers: 620
No. of FourKites Enterprise Applications Customers: 620
No. of FourKites Cloud Customers: x
No. of FourKites Cloud Subscribers: x
FourKites are tracking over 2 million shipments daily for their global customer base. The company's network reaches 176 countries across road, rail, ocean and air, and includes over 450,000 carriers and 99% of the world’s ocean traffic.
FourKites Market Opportunities, M&A and Geo Expansions
FourKites raised $100 million in series D financing, bringing its total raised to over $200.5 million. The company says that the capital will be toward product development as FourKites expands its global reach.
FourKites Risks and Challenges
FourKites faces formidable challenges not only from competitors including Shippeo, Descartes, and Transporeon, but from headwinds arising from the pandemic. Early in the COVID-19 crisis, Amazon and other eCommerce retailers were forced to restrict the amount of inventory suppliers could send to their warehouses. Ecommerce order volume increased by 50% compared with 2019, and shipment times for products like furniture more than doubled in March 2020. Overall, U.S. digital sales have jumped by 30%, expediting the online shopping transition by as much as two years.
FourKites Ecosystem, Partners, Resellers and SI
Supply chain visibility platform FourKites has signed up more than 60 customers to its new Innovation Partner Program, chosen for playing a key role in driving innovation on the company’s platform. Innovation Partners include Henkel, AB InBev, Cardinal Health, EcoLab, Kimberly-Clark, Meijer, Smithfield, Canadian Forest Products and Andersen Corporation.
FourKites Cloud Infrastructure Insights
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- FourKites Public Cloud and Infrastructure (IaaS)
- FourKites Platform (PaaS)
- FourKites Application Delivery
- FourKites Private Cloud and Data Centers
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).
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