Freight Management Systems Market Increasing at A Phenomenal Pace to Reach more than USD 44.32 Billion by 2032

Major companies in Freight Management Systems market are Accenture, JDA Software, Northline, Retalix, Oracle, SAP, CEVA Logistics, UPS, DB Schenker, MercuryGate, C.H. Robinson, Descartes, Riege Software, Retrans, Magaya Corporation, ImageSoft and Kuebix among others.

According to analysts at Zion Market Research, global Freight Management Systems Market, estimating its value at USD 17.39 Billion in 2023, with projections indicating that it will reach USD 44.32 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 9.8% over the forecast period 2024-2032

This review is based on a report by Zion Market Research, titled “Freight Management Systems Market By Solution (Cargo Routing and Scheduling, Freight Tracking and Monitoring, Order Management, Security and others), By End- user (Brokers, 3PLs and others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.”

Free Trade Policy between the countries to Spur Growth

The major driver for Freight Management Systems is the growth of the free trade policy between the countries that is increasing the business of imports and exports across the globe. Companies have been shifting towards technologies that help, track, secure and control their in transit cargo. These management systems offer the end-to-end supply chain visibility of the process. Visibility helps to improve the inventory management and minimize supply chain errors by providing the data required by any stakeholder at any point of time. The increasing adoption of this software by the companies, in order to improve their delivery capabilities, is also the factor for the demand of freight management systems.

The increase in the global trade is also one of the factor for the demand of freight management systems. The growing investment oversees by the organizations is demand for more freight management systems. The global e-commerce industry will also propel the market to ensure the planned inventory management along with on-time delivery of products to the consumers. The emergence of cloud and big data analytics along with the M2M communication will also make the freight companies to adopt the freight management solutions.

Global Freight Management Systems -Market

With the presence of a large pool of participants, the global Freight Management Systems is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Accenture, JDA Software and Northline are some of the key vendors of Freight Management Systems market across the world. These players across Freight Management Systems market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the Freight Management Systems market study.

High adoption of freight management systems In The Region Support North American Dominance

Regionally, North America has been leading the worldwide Freight Management Systems market and is anticipated to continue on the dominant position in the years to come, states the Freight Management Systems market study. This is due to the fact that there has been high demand and there are many users who have adopted the freight management systems. Also, the high technological adoption and the presence of leading solution providers in the market is the reason for the high demand. Due to the factors such as good sustainability and well-established economy, which is leading to the increasing investments in the Research and Development activities, there have been development of new technologies and use cases, leading to increased usage of these systems.

Browse the full “Freight Management Systems Market By Solution (Cargo Routing and Scheduling, Freight Tracking and Monitoring, Order Management, Security and others), By End- user (Brokers, 3PLs and others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/freight-management-systems-market

The global Freight Management Systems Market is segmented as follows:

By Solution

• Cargo-Routing and Scheduling
• Freight Tracking and Monitoring
• Order Management
• Security

By End Users

• Brokers
• 3PLs

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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