About Digital Freight Forwarding
Digital freight forwarding offers various benefits such as better buying experience for customers, increased traceability, improved documentation management, and integration with existing platforms. It can tackle various challenges and even reduce the need to speak to someone in person. Digital freight forwarding also involves advanced technologies and services for logistics value chain. These benefits over traditional freight forwarding is increasing the usage by various players which is fueling the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Digital Freight Forwarding 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.
C.H. Robinson Worldwide, Inc. (United States), FedEx Corp. (United States), J.B. Hunt Transport Services Inc. (United States), Kuehne + Nagel International AG (Switzerland), Penske Truck Leasing Co. LP (United States), United Parcel Service Inc. (United States), XPO Logistics Inc. (United States), TNT Logistics (Netherlands), Wilson Logistics Group (United States) and Nippon Express (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Digital Freight Forwarding market by and Region.
On the basis of geography, the market of Digital Freight Forwarding 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 Components, the sub-segment i.e. Solutions will boost the Digital Freight Forwarding market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Augmented Reality will boost the Digital Freight Forwarding market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mode, the sub-segment i.e. Rail Freight will boost the Digital Freight Forwarding market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Third-Party Logistics (3PLs) will boost the Digital Freight Forwarding market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Enhancements in Logistics
Market Growth Drivers:
Benefits Such as Improved Customer Experience, Easy Tracking, and Others and Growing E commerce Industry
Challenges:
Lack of Skilled Professionals
Restraints:
High Costs Associated with Equipment and Human Resource
Opportunities:
Innovations in Data Analytics and ERP and Increasing Penetration of Technology and Reliance on It
Market Leaders and their expansionary development strategies
In December 2020, FedEx Corp. has completed acquired of ShopRunner, the e-commerce platform that directly connects brands and merchants with online shoppers. ShopRunner’s capabilities complement and expand the FedEx e-commerce portfolio and are expected to create increased value for brands, merchants and consumers.
On January 2020, FreightBro, a freight-tech start-up, digitizing the manual processes in forwarding, announced the integration of Maersk Spot within its digital platform for freight forwarders. It will use Maersk Spot APIs, allowing customers to book and secure container space online and in real-time.
Key Target Audience
Freight forwarding company, Government associations, Research organisations, Technology providers 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.