Freight Management System Market – Overview
The influence of cloud computing and big data analytics is estimated to motivate the freight management system market 2020 in the coming period. The information and communication technology industry reports are put forth by Market Research Future, which focuses on market options for growth. A USD 18.63 Billion income level is estimated by 2025 for the global market.
The use of freight management systems is expected to rise considerably in the coming years as the availability of on-premise and cloud becomes easy to implement. The development of green freight options is estimated to shape the freight management system market demand considerably.
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Key Players
The central players in the freight management system market are Freightview (US), Logisuite (US), Mcleod Software (US), Descartes (Canada), Freight Management (US), Ceva Logistics (Spain) Linbis (US), Dreamorbit (India), Werner Enterprises (US), Oracle Corporation (US), MercuryGate (US), SAP (Germany), Accenture (Ireland), JDA Software (US), and UPS (US).
Industry Updates:
Jan 2020 DHL Freight, which provides road freight services in the European region, is constructing a single transport management system (TMS) for all DHL Freight operations through the European region. The IT system will be called EVO as a mention to “evolution,” and pools all functions for core business processes. The EVO has been applied to all stations in France. The system is expected to be deployed next to Turkey.
Segmental Analysis
The segmental appraisal of the freight management system market has been conducted on the basis of end-user, transportation mode, component, and region. On the basis of end-users, the market for freight management systems has been segmented into forwarders, third-party logistics, shippers, brokers, and carriers. On the basis of the components, the market for freight management system has been divided into solutions and services. On the basis of transportation modes, the market for freight management systems has been segmented into ocean freight, road freight, air freight, and rail freight. Based on the regions, the freight management system market has been segmented into North America, APAC, Europe, South America, MEA, and Africa.
Detailed Regional Analysis
The assessment of the regions in the freight management system market includes regions such as North America, APAC, Europe, South America, MEA, and Africa. The North American region is projected to motivate the market for freight management system significantly in the forecast period. The evolution of the market is attributed to the presence of factors such as constant investment and emphasis on freight automation. The European region has taken over the second position in the freight management system market. The presence of countries like the UK is projected to play a major role in the market due to their highest freight management system market share, followed by countries such as France and Germany. The market for freight management system in this region is projected to develop due to the speedily increasing global trade and the necessity to control the time-in-transit.
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Competitive Analysis
The emphasis on innovation is expected to help the market establish relevancy in line with estimated customer preferences. The enhancement in manufacturing potential is projected to create an improved product offering in the global market. The buying patterns in the market are expected to promote the development of the market in the upcoming period. the development of assets is estimated to create a positive scope for the development of the market in the coming period. the focus on expansion by the market contenders is expected to create a favorable momentum in the global market in the forecast period. the inclusion of sustainability in the business plans is expected to create optimistic opportunities for development in the upcoming period. The positive reinforcement by government policies is expected to open up new avenues for progress in the coming period. The access to the notable target markets is estimated to allow the market contenders to gain the impetus necessary for success in the forecast period.
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