Global Online Freight Platform Market Overview:
Online freight platform are software systems to connect shippers with third-party carriers through a secure marketplace. Different digital freight brokerage, digital freight marketplace relies heavily on smartphone technology. In online freight platform shippers create orders with all necessary data about delivery and cargo, carriers receive the list of optimal orders for transportation, the digital touchpoint for shippers and carriers to seamlessly access the marketplace, and an aggregator that analyses shipments data and automatically matches them to a carrier for optimal delivery.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
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 |
Influencing Trend:
Need for Improving Data Security and Fraud Protection and Growing Digitalization over the Globe
Market Growth Drivers:
Increasing Applications of Online Freight Platform Expand the Overall Supply Line and Increase the Efficiency of Last-Mile Delivery
Challenges:
The cost of fleet maintenance.
Restraints:
Location Issues for Users
Opportunities:
Growing Demand for Online Freight Platform from Business Sector
Competitive Landscape:
Online Freight Platform Market is fragmented due to a number of key players. The key players are focusing on launching new services to help the online buyers, Activities like mergers and acquisitions, strategic partnerships to improve their workflow in the market, and others to enhance the global presence in the market.
Some of the key players profiled in the report are Freightos (China), Freightview (United States), Magaya Corporation (United States), Kuebix (United States), Descartes Systems Group (Canada), FreightCrate Technologies Pvt. Ltd. (India), Boxnbiz (India), GoRamp (Lithuania) and Logitude World (Luxembourg). Analyst at AMA Research see United States Players to retain maximum share of Global Online Freight Platform market by 2028. Considering Market by Platform, the sub-segment i.e. IOS will boost the Online Freight Platform market. Considering Market by Deployment, the sub-segment i.e. Cloud-based will boost the Online Freight Platform market. Considering Market by Features, the sub-segment i.e. Accelerating Batching Through AI will boost the Online Freight Platform market. Considering Market by Offerings, the sub-segment i.e. Real-Time Communication will boost the Online Freight Platform market. Considering Market by Verticals, the sub-segment i.e. Business will boost the Online Freight Platform market.
Latest Market Insights:
On 16th December 2021, Freightos and Barchart have announced the partnership. In this partnership, Freightos will join Barchart’s Commodity Pricing Network (CPN). The partnership is owing to improving the workflow of logistics teams around the world.
In 2020, Freightos has launched ‘freight-as-a-service’ for online shippers. The service is available on Alibaba.com, Tradeling.com, and other eCommerce sites as a service that helps online buyers to choose and pay for freight services without leaving the website.
What Can be Explored with the Online Freight Platform Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Online Freight Platform Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Online Freight Platform
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Online Freight Platform market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Online Freight Platform market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Online Freight Platform Developers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.