What is Freight Broker Software Market Scope?
Most freight brokerage software is designed to make it easy for freight brokers to join freight, register carriers, dispatch drivers, invoice customers, as well as pay carriers. It offers customers to monitor and price shipments and also a sales platform that provides user sales representatives with the ability to bring quotes, dispatch loads, and track shipments. It provides real-time invoices, real-time chat function, real-time shipment visibility as well as has a handy mobile app.
Influencing Trend:
Technology Advancement regarding Freight Broker Software
Market Growth Drivers:
The Growth in Adoption among Companies to Offers Various Services and Increasing usage of Freight Broker Software in Various Application
Challenges:
Lack of Skilled Professionals for Handling this Software
Restraints:
Stringent Government Rules and Regulation
Opportunities:
Incessant Development in the Software Sector across the world and Growing Demand from Emerging Economies, including China, India, among others
The Freight Broker Software market study is being classified by Type (Real-Time Load Tracking Platform, Carrier Relationship Management Software and Transportation Management System), by Application and major geographies with country level break-up.
The market is highly fragmented with the presence of local players and regional players operating in the market. These players adopt various strategies, such as product developments, mergers, partnerships, collaborations, and expansions, to cater to customer demands. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Freight Broker Software market throughout the predicted period.
Cargocentric Inc. (United States), Convoy (United States), Coyote Logistics (United States), Cargomatic Inc. (United States), GoComet (India), Echo Global Logistics Inc. (United States), TGMatrix Limited (United Kingdom), Trucker Path Inc. (United States), Transfix, LLC (United States) and J.B. Hunt Transport, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Rose Rocket (Canada), Kuebix, LLC (United States), Uber Freight (United States), Royal 4 Systems (United System), Infoplus Technologies (India), Magaya Cargo System (United States), 3G-TM (United States) and CloudWadi (United Arab Emirates).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Freight Broker Software market by Type, Application and Region.
On the basis of geography, the market of Freight Broker Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In February 2018 Descartes Systems Groupthe global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired Aljex Software, Inc., a cloud-based provider of back-office transportation management solutions for freight brokers and transportation providers.
In 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 Broker Software Companies, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
Freight Broker Software Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Freight Broker Software Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Freight Broker Software industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.