Market overview
The process of effectively and tactically moving cargo over the network from its origin to its destination using different modes of intermediaries, transportation, and technologies is known as freight management. The process uses supply chain equipment and logistics, physical resources such as trucks, distribution centres and warehouses, and advanced technology to carry the freight efficiently. The skill of delivering the cargo on time and to the correct destination and exact quantity, without any damage, and at the minimum expense has always been vitally important to the businesses. This system is more vital in a competitive market due to just-in-time production processes; e-commerce companies operate increasing warehousing, leaner shipper supplies, labour costs, and consumer satisfaction. The cargos and components moving through various modes of transportation such as ships, trucks, and trains can be tracked using the internet based on sensing systems. These systems offer businesses real-time location data and update all the status, such as the temperature of products and commodities.
The market research report focuses on Freight Management System market size, share, SWOT analysis, competition level, key pricing structure, and major key developments in the market. Freight Management System Market to hit $84.9 Billion, Globally, by 2027 at 8.2% CAGR.
The factors driving the freight management system market are the growth of the free trade policy between countries, an increase in the business imports and exports worldwide, and the adoption of technologies that help track, secure, and control in-transit freight. Moreover, the growth in communication technologies combined with the rising adoption of the internet of things drives the market's growth. However, the crowded trade routes and cross-border trade risks and environmental concerns related to transportation and logistics are the factors that are affecting the market growth. Moreover, an increase in e-commerce industries is estimated to provide profitable growth opportunities to the freight management system market during the estimated period.
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The negative effects of the pandemic have affected every industry vertical. The freight management system market has also been affected due to the pandemic situation. Attributed to lockdown restrictions imposed due to the pandemic, the monetary activity of freight management systems has stopped.
To operate the commercial freight transactions in the transport business, the businesses are planning to adopt a freight management system as it helps in several ways. It helps in data entry and reduces errors while entering the freight data. Companies are executing this system as it is easy to operate and is cost-efficient, which helps the businesses to spend less during the financial crisis caused due to pandemic.
Top Key Players
- Mcleod Software (US)
- Freightview (US)
- Freight Management (US)
- Linbis (US)
- Logisuite (US)
- Dreamorbit (India)
- Descartes (Canada)
- Oracle Corporation (US)
- Werner Enterprises (US)
- MercuryGate (US)
- SAP (Germany)
- Accenture (Ireland)
- JDA Software (US)
- Ceva Logistics (Spain)
- UPS (US)
Market segmentation
By component:
- Solutions
- Services
My solution:
- Planning
- Execution and Operations
- Control and Monitoring
By service:
- Consulting
- System Integration and Deployment
- Support and Maintenance
By end-User:
- Third-Party Logistics (3PLs)
- Forwarders
- Brokers
- Shippers
- Carriers
By mode:
- Rail Freight
- Road Freight
- Ocean Freight
- Air Freight
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By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Regional analysis
Based on the region, the global freight management system market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. North America is dominating the market in terms of market share in the freight management system market. Europe has taken the second rank in the market. Now, Europe has been segmented into the UK, Germany, France, and the rest of Europe.
Table Of Contents
1. EXECUTIVE SUMMARY
1.1. Market Attractiveness Analysis
1.1.1. Global Freight Management System Market, By Component
1.1.2. Global Freight Management System Market, By End-User
1.1.3. Global Freight Management System Market, By Transportation Mode
1.1.4. Global Freight Management System Market, By Region
2. MARKET INTRODUCTION
2.1. Definition
2.2. Scope Of The Study
2.3. Market Structure
3. RESEARCH METHODOLOGY
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions
4. MARKET DYNAMICS
4.1. Introduction
4.2. Drivers
Continued…
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