The global Freight Management System Market is anticipated to be valued USD 11590 million in 2022 and grow to USD 18600 million by 2028 at a CAGR of 8.2%.
Freight Management System Market, A software solution called a freight management system is used by transportation companies to maximize the effectiveness of their commercial freight operations. These software programmed automate procedures and enhance efficiency and communication inside an organization. The technology also lessens the workload associated with data entering and aids in error eradication. Freight tracking systems, vehicle maintenance and repairs, pallet tracking, Proof of Delivery (POD) scanning, driver and subcontractor ratings and payments, customer Electronic Data Interchange (EDI) interfacing, consignment entry, consistent auto consignment pricing, and thorough operational reporting are just a few of the features of a freight management system.
The need to decrease transit time, the desire for supply chain visibility, higher customer satisfaction, and the low cost of logistics, along with advancements in freight security, safety, and transportation solutions; rapid growth in communication technologies; and the Internet of Things (IoT) are some of the factors expected to drive the growth of the freight management system market. Congested trade routes, hazards associated with cross-border trading, and environmental issues over logistics and transportation could, nevertheless, limit market expansion. During the projected period, the fastest growth rate in the airfreight industry is anticipated. The most expensive means of transportation, air travel has a low adoption rate among logistics companies. Because they provide security and make it possible to track priceless commodities, freight management system solutions are more in demand among air freight companies. Due to the region’s tendency to quickly adopt new technologies, increasing investments in digital transformation, and growing share of freight volumes transported globally, the APAC region is predicted to see the quickest growth rate in the freight management system market. Due to the large proportion of global trade volumes that the APAC area accounts for, businesses are implementing the freight management system. These solutions help companies cut costs, save time, improve control, and add flexibility to their supply chains.
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Segmentations:
Global Freight Management System Market: Major Players
Descartes
SAP
C.H. Robinson TMC
Riege Software
FreightView
Manhattan Associates
Accenture
ImageSoft
Freight Management
BluJay Solutions
Kuebix
MercuryGate
Magaya Corporation
JDA Software
Linbis
Oracle
McLeod Software
3GTMS
DreamOrbit
Ceva Logistics
Retrans
Werner Enterprises
UPS
Logisuite
DB Schenker
Global Freight Management System Market: Types
Road Freight
Ocean Freight
Air Freight
Global Freight Management System Market: Applications
Third-Party Logistics
Forwarders & Brokers
Shippers & Carriers
Global Freight Management System Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Freight Management System market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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The usage of the freight management system is rising as a result of improvements in solutions like load planning, freight visibility, and cargo routing. The most popular systems, such order management and transportation management, assist companies in concentrating on more crucial concerns about the movement of freight. The cheap investment required to implement freight management solutions, as vendors provide subscription-based Software-as-a-Service (SaaS) solutions, is another reason encouraging adoption. Depending on the demands of enterprises and the requirements of users, freight management technologies and solutions can be implemented on-premises or in the cloud. Due to its minimal initial outlay, SaaS-based freight management system products are anticipated to see a sharp rise in demand. Leading market innovators and early adopters are looking to emerging technologies like blockchain, AI, and autonomous trucking to better their current solutions or develop entirely new use cases.
Key Points:
- Define, describe and forecast Freight Management System product market by type, application, end user and region.
- Provide enterprise external environment analysis and PEST analysis.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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