Market Snapshot:
The constantly varying market dynamics, competition and the growing demand for freight management services is flinging up great challenges to the freight forwarders or investors. In addition to this while managing the productivity and profitability of the products that are taken through freights. Many key players are realizing the importance of information technology and the adoption of sophisticated Freight Software to avoid perishing and manage their entire freight forwarding process effortlessly and effectively. Moreover, it also helps the shippers, to simplify all the shipping procedures and enables them to boost the logistical efficiency.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Market Drivers
- Increasing Demand for Import and Export across the Globe
- Rising Demand for Freight Managements Systems by Logistics Industry
Market Trend
- Rapidly Growing Communication Technologies and IoT Associated with this Software
- Technology Advancement Regarding Freight Software
Restraints
- High Cost Associated with this Software’s
- Concern Related Towards Congested Trade Routes for Trading Goods
Opportunities
Acceptance of Blockchain in Freight Management System and Adoption of Cloud and Big Data Analytics in this Software
Freight Software Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Large Enterprises, Medium-Sized Enterprise and Small Enterprises |
Type | Up to 10 Users, Up to 30 Users and Infinite User |
End-user | 3PLs,Forwarders,Brokers,Shippers |
Mode Type | Rail Freight,Road Freight,Ocean Freight,Air Freight |
Players Covered in the Study are:
LogistaaS (Jordan), Magaya (United States), AscendTMS (United States), Kuebix (United States), Tailwind Transportation Software (Canada), Interactive Freight Systems (Australia), A1 Enterprise (United States), TMW Systems (United States), Dossier Systems (United States) and TruckingOffice (United States)
The Global Freight Software market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
In 9th September 2019, the Uber Company has announced to spend more than USD 200 million to expand its Uber Freight trucking venture. Therefore, this launch has helped the company to strengthen and diversify its business and product portfolio on a global scale.
Key Target Audience
Freight Software Companies, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
What can be explored with Freight Software study:
Where Freight Software industry stands in scaling its end use implementations
What concrete benefits would result from scaled initiatives by Players
Where Players should focus their investments cycle
Key success factors and recommendations for upscaling future growth.
Target Market / Country and Key Business Segments
Available Customization:
List of players that can be included in the study on immediate basis are Camelot 3PL Software (United States), WiseTech Global (Australia), Buyco (France), Pacejet Logistics (United States), Hard Core Technology (California), FreightPOP (United States), Aljex Software (United States), Quotiss (United States), Teknowlogi (United States), DAT Solutions (United States) and Transcount (Lithuania).