The article cited AMA's "Global Digital Freight Brokerage Market Study" explored substantial growth in North America and of 54.8%. According to the report, Need for Effective Integrated Services
is one of the primary growth factors for the market. Growing Demand for Cost Effective Freight Solution
is also expected to contribute significantly to the Digital Freight Brokerage market. Overall, applications of Digital Freight Brokerage, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Industry Verticals, such as Food & beverages, is boosting the Digital Freight Brokerage market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Digital Freight Brokerage market identified that the demand is rising in many different parts of the world as "Growing Cross-borders Trade Activities
". Furthermore, some recent industry insights like "Amid changing consumer need driven by improving supply chain management, freight forwarders are shifting their focus towards digital forwarding. Denmark based company Maersk announced in September 2018 to embrace Digital Forwarding and combine with Damco’s supply chain services." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Digital Freight Brokerage market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2021 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Digital Freight Brokerage market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Digital Freight Brokerage market size is calculated using market estimation process, the Digital Freight Brokerage market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Digital Freight Brokerage market size has been validated using both top-down and bottom-up approaches.