Freight Management Systems Global Market is Projected to Reach $19 Billion by 2030: Adoption of New Technologies Presents Opportunities

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Jul 11, 2023, 20:45 ET

DUBLIN, July 11, 2023 /PRNewswire/ -- The "Freight Management Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Freight Management Systems estimated at US$10.8 Billion in the year 2022, is projected to reach a revised size of US$19 Billion by 2030, growing at a CAGR of 7.4% over the analysis period 2022-2030.

Solutions, one of the segments analyzed in the report, is projected to record 6.9% CAGR and reach US$10.5 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 7.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.8 Billion, While China is Forecast to Grow at 9.9% CAGR

The Freight Management Systems market in the U.S. is estimated at US$3.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 9.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 7.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR.

Select Competitors (Total 120 Featured) -

3Gtms, Inc.
Accenture Plc
Agility Public Warehousing Company K.S.C.P.
BluJay Solutions Ltd.
Ceva Logistics
DB Schenker
DreamOrbit Softech Pvt Ltd
DSV Panalpina A/S
Freight Management Inc
FreightView
Geodis
Imagesoft
Kuebix - A Trimble Company
Linbis, Inc.
Magaya Corporation
McLeod Software Corporation, Inc.
Oracle Corporation
ReTrans, Inc.
Riege Software International GmbH
SAP SE
The Descartes Systems Group Inc.
United Parcel Service of America, Inc
Werner Enterprises
3Gtms, Inc.
Accenture Plc
Agility Public Warehousing Company K.S.C.P.
BluJay Solutions Ltd.
Ceva Logistics
DB Schenker
DreamOrbit Softech Pvt Ltd
DSV Panalpina A/S
Freight Management Inc
FreightView
Geodis
Imagesoft
Kuebix - A Trimble Company
Linbis, Inc.
Magaya Corporation
McLeod Software Corporation, Inc.
Oracle Corporation
ReTrans, Inc.
Riege Software International GmbH
SAP SE
The Descartes Systems Group Inc.
United Parcel Service of America, Inc
Werner Enterprises

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
Impact of Covid-19 and a Looming Global Recession
COVID-19 Pandemic Severely Disrupts Global Freight Transportation Industry
Month-on-Month Growth in Global Trade: Jan 2019-April2020
Percentage Change (%) in Load Factor by Region of Origin and Aircraft Type: March-April 2020
Global Logistics Industry 2019 Vs 2020 Growth (In %)
Regional Market Review
Key Takeaways
Freight Management Solutions to Drive Capabilities
Freight Management Systems - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Increasing Need to Improve Freight Movement Catalyzes Freight Management System Market
Road Freight Dominates Demand
US Leads the Market
3PLs Segment : An Important End-Use Market
Prominent Drivers of Global Freight Management System Market
Market Restraints
Intense Competition Drives Players to Consolidate
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

COVID-19 Leads to New Integration Trends Related to Freight Technology
Inventory Management Integration for Procurement
Big Data Players Eye on Integration
Adoption of New Technologies Presents Opportunities in Freight Management System Market
Big Data Analytics Gains Importance in Freight Management Systems
Global Adoption Rates (in %) of Big Data Technologies by Industry (2019)
Rising Implementation of Cloud-Based System
Internet of Things (IoT) Holds Numerous Advantages
High Accuracy with GPS Technology
Freight Management Systems Leverage on Advanced Machine Learning
Emerging Trends in Freight Transport Industry Drive Investment in Freight Management Solutions
Consumer Demand for Fast, Free Shipping
Automation Creates Need for New Systems
Shipment Tracking Platforms
More SKUs Require New Strategies
Blockchain Technology Gains Importance in Freight Management
Blockchain Technology by End-Use Vertical: 2019
Growth in E-Commerce Drives Increased Visibility into Supply Chain
Global Retail e-commerce Sales in US$ Trillion: 2014-2022
Globalization of Businesses Drives the Need for Efficient Supply Chain Designs
Effective Tracking of Ocean Freight with New Visibility Technologies

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/xfh10r

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