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Freight Management System Market (Solution - Freight Tracking & Monitoring, Cargo Routing & Scheduling, Security, EDI, TMS, and Order Management; End-user - 3PLS, Forwarders, Brokers, and Shippers; Transportation Mode - Rail Freight, Road Freight, Ocean Freight, and Air Freight): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : February, 2021

  • Rep Id : ICT00204

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on freight management system market provides in-depth analysis of segments and sub-segments in the global as well as regional freight management system market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional freight management system market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of global freight management system market. According to the report, the global freight management system market is projected to grow at a CAGR of 10.5% over the forecast period of 2020-2026.

 

Market Insight

The freight management system includes various strategies for increasing the efficiency of freight and commercial transport. Logistic is a technical term for efficient freight management, including shipping practices facility, and related activities. A well-functioning freight transportation management system is an essential element in any successful economy.

 

Domestic and international freight demand continues to grow. The domestic consumption of goods is increasing as new segments of the population enjoy a more effective income. Internationally, growing trade and the expansion of economic activities in emerging economies will significantly augment the flow of goods. This is driving the growth of the freight management system market. The main benefit that using freight management systems can bring business that reduces freight costs. These systems use analytics and optimization and are capable of providing suggestions that will help to reduce costs without impacting the quality of the service. The use of information technologies and telecommunications in freight management has improved the ability to coordinate shipments over long distances, l and thereby shaping global production systems. Hence, growing communication technologies and IoT is driving the growth of the fright management system market. However, freight transport consumes 30-40% of total transportation energy. Heavy diesel trucks consume about 22% of total roadway fuel and produce high levels of particulate air pollutants, which are harmful to human health. In addition, heavy trucks tend to be much noisier than other vehicles. In only Indian cities like Delhi, freight amounts to 67% of the total PM2.5 emissions from the transport sector and exhibits 61% of the total SO2 emissions and 62% of the total NOx emissions from the transportation sector. Moreover, smart freight transport provides a significant growth opportunity for the market.

 

The Asia Pacific holds the largest market share in the freight management system market. The Freight and logistics industry is growing quickly along with economic development in this region. The region faces challenges in ensuring that goods move in low emissions and having a low environmental impact. Environmentally sustainable freight transport is an issue of substantial importance. Hence, Asian countries are addressing this issue. In 2014, the Asian Development Bank and Deutsche Gesellschaft für Internationale Zusammenarbeit organized the first workshop to take best practices for green freight. It aims to identify companies that are striving to improve their emission profiles.

 

Segment Covered

The report on global freight management system market covers segments such as solution, end-user, and transportation mode. On the basis of solution, the sub-markets include freight tracking & monitoring, cargo routing & scheduling, security, EDI, TMS, and order management. On the basis of end-user, the sub-markets include 3PLS, forwarders, brokers, and shippers. On the basis of transportation mode, the sub-markets include rail freight, road freight, ocean freight, and air freight.

 


Freight Management System Market


Companies Profiled:

The report provides profiles of the companies in the market such as The Descartes Systems Group Inc., Oracle Corporation, Werner Enterprises, MercuryGate International Inc., SAP SE, Accenture Plc, JDA Software, Ceva Logistics, Db Schenker, and C.H. Robinson (TMC).

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of freight management system market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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