About Digital Freight Forwarder
A digital freight forwarder employs digital tools to facilitate smooth communication and provide status updates on any shipment in a timely manner. A digital freight forwarder uses a completely transparent system that compares several shippers to provide consumers with the best deal. Its goal is to eliminate paper work by generating, uploading, and sharing all documents on a web platform that all stakeholders can access easily.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Digital Freight Forwarder market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Descartes Kontainers (Canada), Deutsche Post DHL Group (Germany), Flexport, Inc. (United States), Forto GmbH (Germany), Icontainers (Spain), Kuehne+Nagel International AG (Switzerland), Transporteca (Denmark), Turvo Inc. (United States), Twill (Netherlands) and Uber Freight LLC (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Sennder (Germany), Zencargo (United Kingdom) and Ezyhaul (Singapore).
Segmentation Overview
AMA Research has segmented the market of Global Digital Freight Forwarder market by and Region.
On the basis of geography, the market of Digital Freight Forwarder 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, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vertical, the sub-segment i.e. Retail and E Commerce will boost the Digital Freight Forwarder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Mode, the sub-segment i.e. Cloud will boost the Digital Freight Forwarder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Function, the sub-segment i.e. Warehouse Management will boost the Digital Freight Forwarder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Freight Forwarder, the sub-segment i.e. Rail Freight Service will boost the Digital Freight Forwarder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Transport Mode, the sub-segment i.e. Land will boost the Digital Freight Forwarder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rise in the Adoption of Artificial Intelligence (AI)-based Technologies and Faster Adoption of Digital Freight forwarding Services by the Developing Countries
Market Growth Drivers:
Increase in trading activities due to Globalization is Propelling the demand for Digital Freight forwarding Services
Challenges:
Stringent Regulations for Air Freight
Restraints:
Poor Infrastructure & Higher Logistics Costs
Opportunities:
Rise in Adoption of DTC e-commerce Logistics
Market Leaders and their expansionary development strategies
In November 2023, San Francisco-based digital freight startup, Flexport, has acquired Convoy, a Seattle-based trucking startup. This acquisition comes after Convoy recently announced the closure of its business due to financial difficulties and an unsuccessful search for an acquirer.
The risks and liabilities of a freight forwarder taking responsibility for shipment include total loss of cargo, damage of cargo, rerouting of cargo, non-collection of documents, incorrect release of cargo and many others. Under all above conditions, freight forwarder is liable but only if proven of negligent behaviour on their part. Moreover, freight forwarding is affected by countries trade laws as well. A favourable and transparent trade laws provide stability and invite healthy competition.
Key Target Audience
Digital Freight Forwarder Provider, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.