DUBLIN--(BUSINESS WIRE)--The "Freight Management System Market by Solution (Freight Tracking & Monitoring, Cargo Routing & Scheduling, Security, EDI, TMS, Order Management), End-user (3PLs, Forwarders, Brokers, Shippers), Transportation Mode, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The freight management system market size is expected to grow from USD 10.76 billion in 2018 to USD 17.45 billion by 2023, at a CAGR of 10.1% during the forecast period.
The shippers segment is expected to grow at the highest CAGR during the forecast period. Shippers have realized that immediate responses, quick business decisions, and customer satisfaction are the most important features to expand their businesses, increase revenues, and ensure desired outcomes. The advancements in freight management solutions and technologies, along with the increasing cost of logistics and unpredictable demand and supply cycles have increased the priorities for logistics in the business strategies of shippers.
The air freight transportation mode is expected to witness the fastest growth rate during the forecast period. Air transportation is the most cost-intensive transportation mode, with low adoption among logistics providers. The demand for freight management system solutions are higher among air freight enterprises, as these solutions offer security and enable the tracking of precious goods.
As per the geographic analysis, the APAC region is expected to witness the fastest growth rate in the freight management system market, due to the region's nature of rapidly adopting new technologies, making higher investments in digital transformation, and its growing share of freight volumes transported globally. Organizations in the APAC region are adopting the freight management system, due to the high share of global trade volumes that it possesses, with the freight management system solutions enabling businesses to reduce costs, save time, increase control, and incorporate flexibility in supply chains.
- Werner Enterprises
- Jda Software
- Ceva Logistics
- Db Schenker
- C.H. Robinson (TMC)
- Riege Software
- Blujay Solutions
- Mcleod Software
- Freight Management (FMI)
- Manhattan Associates
- Magaya Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Freight Management System Market, By Component
7 Market By Solution
8 Freight Management System Market, By Service
9 Market By End-User
10 Market By Transportation Mode
11 Freight Management System Market, By Region
12 Competitive Landscape
13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/jn467n/global_freight?w=4