Freight Management System Trends and Forecast
The future of the global freight management system market looks promising with opportunities in the 3PLs, forwarders, brokers, shippers and carriers markets. The global freight management system market is expected to reach an estimated $10.6 billion by 2030 with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are swift growth of global trade and the necessity to manage time-in-transit+ak14+ak14 and enhanced visibility in the supply chain.Freight Management System by Segment
The study includes a forecast for the global freight management system by solution, component, mode, end use industry, and region.Freight Management System Market by Solution [Shipment Analysis by Value from 2018 to 2030]
- Planning
- Execution & Operations
- Control & Monitoring
Freight Management System Market by Component [Shipment Analysis by Value from 2018 to 2030]
- Solution
- Services
Freight Management System Market by Mode [Shipment Analysis by Value from 2018 to 2030]
- Rail Freight
- Road Freight
- Ocean Freight
- Air Freight
Freight Management System Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]
- 3PLs
- Forwarders
- Brokers
- Shippers
- Carriers
- Others
Freight Management System Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Freight Management System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies freight management system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the freight management system companies profiled in this report include-- Descartes
- Oracle
- Werner Enterprises
- MercuryGate
- SAP
- Accenture
- JDA Software
- Ceva Logistics
- UPS
- DB Schenker
Freight Management System Market Insights
The publisher forecasts that control and monitoring will remain the largest segment over the forecast period due to increased demand for applications and technologies related to visibility, tracking, tracing, security, and monitoring.Within this market, 3PLs will remain the largest segment due to expansion of world trade volumes due to globalization.
North America will remain the largest region over the forecast period due to users in this region widely adopt solutions and services for freight management.
Features of the Global Freight Management System Market
- Market Size Estimates: Freight management system market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Freight management system market size by various segments, such as by solution, component, mode, end use industry, and region in terms of value ($B).
- Regional Analysis: Freight management system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different solution, component, mode, end use industry, and regions for the freight management system market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the freight management system market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the freight management system market size?Answer: The global freight management system market is expected to reach an estimated $10.6 billion by 2030.
Q2. What is the growth forecast for freight management system market?
Answer: The global freight management system market is expected to grow with a CAGR of 6.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the freight management system market?
Answer: The major drivers for this market are swift growth of global trade and the necessity to manage time-in-transit+ak14+ak14 and enhanced visibility in the supply chain.
Q4. What are the major segments for freight management system market?
Answer: The future of the freight management system market looks promising with opportunities in the 3PLs, forwarders, brokers, shippers and carriers markets.
Q5. Who are the key freight management system market companies?
Answer: Some of the key freight management system companies are as follows:
- Descartes
- Oracle
- Werner Enterprises
- MercuryGate
- SAP
- Accenture
- JDA Software
- Ceva Logistics
- UPS
- DB Schenker
Answer: The publisher forecasts that control and monitoring will remain the largest segment over the forecast period due to increased demand for applications and technologies related to visibility, tracking, tracing, security, and monitoring.
Q7. In freight management system market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to users in this region widely adopt solutions and services for freight management.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the freight management system market by solution (planning, execution & operations, and control & monitoring), component (solution and services), mode (rail freight, road freight, ocean freight, and air freight), end use industry (3PLs, forwarders, brokers, shippers, carriers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Freight Management System Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Descartes
- Oracle
- Werner Enterprises
- MercuryGate
- SAP
- Accenture
- JDA Software
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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