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Global Freight Management System Market to reach USD 59.20 billion by the end of 2029

Global Freight Management System Market Size study & Forecast, by Component (Solution and Services), by End-User (3Pls, Forwarders, Brokers, Shippers, and Carriers), by Mode (Rail Freight, Road Freight, Ocean Freight and Air Freight) and Regional Analysis, 2022-2029

Product Code: ALTAMC-65513368
Publish Date: 29-01-2023
Page: 200

Global Freight Management System Market is valued at approximately USD 16.46 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 17.35% over the forecast period 2022-2029. Freight Management System is a digital platform that enables freight forwarders to manage critical tasks associated with freight movements including logistics and transportation of goods from one place to another. This system facilitates the users to deliver cargo on time, to the correct destination, in the correct quantity, in damage-free state, and at the lowest possible cost. Moreover, this system also provides live tracking of different transportation modes including Trucks, Ships, and trains among others. The increasing expansion of global e-commerce market and growing digitization in logistics & transportation sector as well as recent strategic initiatives from leading market players are key factors driving the market growth.

The rising expansion of global e-commerce industry is contributing to the growth of the Global Freight Management System Market. For instance, as per India Brand Equity Foundation (IBEF) – as of 2022, the Indian e-commerce market is valued at USD 74.8 billion, and is projected to grow to USD 350 billion by 2030. Furthermore, according to Statista – in 2019, the global cross-border e-commerce market was valued at USD 579 billion, and the cross-border e-commerce market is expected to reach a value of USD 2.25 trillion by the year 2026. Also, increasing growth of free trade policy between countries and rising growth of communication technologies would create a lucrative growth prospectus for the market over the forecast period. However, high deployment costs associated with Freight Management Systems and lack of awareness towards advanced freight management solutions stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Freight Management System Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading freight management system providers and availability of required technological infrastructure in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising expansion of cross-border trade activities as well as increasing penetration of third-party logistics service providers in the region.

Major market players included in this report are:
Oracle (US)
Werner Enterprises (U.S.)
MercuryGate (U.S.)
SAP (Germany)
Accenture (Ireland)
JDA Software (U.S.)
Ceva Logistics (Spain)
UPS (U.S.)
DB Schenker (Germany)
C.H. Robinson TMC (U.S.)

Recent Developments in the Market:
 In October 2021, DP World rolled out a new digital platform to enable instant online cargo booking, and advanced tracking named CARGOES Logistics, it is a part of the broader CARGOES software suite of products. This new platform CARGOES Logistics, facilitates customers to choose from multimodal logistics options, including ship freight by sea, road, and rail, and multiple secure payment options.

Global Freight Management System Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, End-User, Mode, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component

By End-User
Shippers and Carriers

By Mode
Rail Freight
Road Freight
Ocean Freight
Air Freight

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Freight Management System Market, by Region, 2019-2029 (USD Billion)
1.2.2. Freight Management System Market, by Component, 2019-2029 (USD Billion)
1.2.3. Freight Management System Market, by End-User, 2019-2029 (USD Billion)
1.2.4. Freight Management System Market, by Mode, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Freight Management System Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Freight Management System Market Dynamics
3.1. Freight Management System Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing expansion of global e-commerce market Growing digitization in logistics & transportation sector Recent strategic initiatives from leading market players
3.1.2. Market Challenges High deployment cost associated with Freight Management System Lack of awareness towards advanced freight management solutions
3.1.3. Market Opportunities Increasing growth of free trade policy between countries Rising growth of communication technologies
Chapter 4. Global Freight Management System Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Freight Management System Market, by Component
6.1. Market Snapshot
6.2. Global Freight Management System Market by Component, Performance – Potential Analysis
6.3. Global Freight Management System Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
6.4. Freight Management System Market, Sub Segment Analysis
6.4.1. Solution
6.4.2. Services
Chapter 7. Global Freight Management System Market, by End-User
7.1. Market Snapshot
7.2. Global Freight Management System Market by End-User, Performance – Potential Analysis
7.3. Global Freight Management System Market Estimates & Forecasts by End-User 2019-2029 (USD Billion)
7.4. Freight Management System Market, Sub Segment Analysis
7.4.1. 3Pls
7.4.2. Forwarders
7.4.3. Brokers
7.4.4. Shippers
7.4.5. Carriers
Chapter 8. Global Freight Management System Market, by Mode
8.1. Market Snapshot
8.2. Global Freight Management System Market by Mode, Performance – Potential Analysis
8.3. Global Freight Management System Market Estimates & Forecasts by Mode 2019-2029 (USD Billion)
8.4. Freight Management System Market, Sub Segment Analysis
8.4.1. Rail Freight
8.4.2. Road Freight
8.4.3. Ocean Freight
8.4.4. Air Freight
Chapter 9. Global Freight Management System Market, Regional Analysis
9.1. Freight Management System Market, Regional Market Snapshot
9.2. North America Freight Management System Market
9.2.1. U.S. Freight Management System Market Component breakdown estimates & forecasts, 2019-2029 End-User breakdown estimates & forecasts, 2019-2029 Mode breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Freight Management System Market
9.3. Europe Freight Management System Market Snapshot
9.3.1. U.K. Freight Management System Market
9.3.2. Germany Freight Management System Market
9.3.3. France Freight Management System Market
9.3.4. Spain Freight Management System Market
9.3.5. Italy Freight Management System Market
9.3.6. Rest of Europe Freight Management System Market
9.4. Asia-Pacific Freight Management System Market Snapshot
9.4.1. China Freight Management System Market
9.4.2. India Freight Management System Market
9.4.3. Japan Freight Management System Market
9.4.4. Australia Freight Management System Market
9.4.5. South Korea Freight Management System Market
9.4.6. Rest of Asia Pacific Freight Management System Market
9.5. Latin America Freight Management System Market Snapshot
9.5.1. Brazil Freight Management System Market
9.5.2. Mexico Freight Management System Market
9.5.3. Rest of Latin America Freight Management System Market
9.6. Rest of The World Freight Management System Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Oracle (US) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Werner Enterprises (U.S.)
10.2.3. MercuryGate (U.S.)
10.2.4. SAP (Germany)
10.2.5. Accenture (Ireland)
10.2.6. JDA Software (U.S.)
10.2.7. Ceva Logistics (Spain)
10.2.8. UPS (U.S.)
10.2.9. DB Schenker (Germany)
10.2.10. C.H. Robinson TMC (U.S.)
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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