The global digital freight management market is forecasted to be appraised at US$ 34,559.8 Million by 2032, up from US$ 14,083.5 Million in 2022, advancing at a CAGR of 9.4% during the forecast period. The rise in global and domestic trade, high volume of data, and improved service quality are likely to surge the adoption of digital freight management.
Although, the high costs associated with the sophisticated equipment and licensing of the software are expected to impede global market growth. Conversely, the high adoption of cloud technology and globalization of the retail sector generates remunerative opportunities in the market.
| Attributes | Details |
|---|---|
| Digital Freight Management Market Size (2022) | US$ 14,083.5 Million |
| Digital Freight Management Market Size (2032) | US$ 34,559.8 Million |
| Digital Freight Management Market CAGR | 9.4% |
In 2019, the Government of India spent 100 Cr in Indian Rupees by prioritizing big data, artificial intelligence (AI), and the Internet of Things (IoT) to transform the country’s supply chain and logistics business, as stated according to NITI Aayog. Moreover, various market players are increasingly utilizing truck equipment pools to boost productivity and accelerate cargo movement within the transportation chain.
Through mobile applications, there has been an increasing focus on centralizing several logistics processes and operations. This is likely to accommodate carriers by allowing them access to fewer channels and facilitating the interaction with the same. Additionally, 3PLs assist in meeting customer requirements and market conditions by integrating transportation and warehousing services operations.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The growth of free trade policy in different countries is surging the business of imports and exports across the globe, which is likely to secure the adoption of digital freight management. Moreover, delivery capabilities can be improved through the deployment of this software by several transport enterprises.
Digital freight management offers a lesser time frame, flexibility, and accuracy in delivery services which aids in optimizing the efficiency of commercial freight operations. In addition, this software can be operated by leveraging technologies which becomes an asset for proficient operations.
The introduction of various enterprise management suites (ERP) and big data analysis reduces human exertion to handle numerous complex operations. Improved cash flow and transportation & logistics are increasing the usage of blockchain technology, likely bolstering the demand for digital freight management.
There has been increasing difficulty in the on-time delivery of products and raw materials owing to the expansion of the e-commerce sector, which is likely to surge the fleet owners to administer an efficient freight management system. Additionally, the e-commerce sector is exploring ways to reduce operational costs and delivery times by creating new business solutions and models by automating material handling systems, digitalizing logistics operations, and distribution and warehouse management systems.
Trained and expensive human resource is required to operate such sophisticated equipment and software. Hence, this is likely to increase the overall cost for end users. The lack of such operational effectiveness may be a significant challenge for the digital freight management market share.
On the contrary, several innovations in the field of data analytics, AI, and ERP are anticipated to assist industries in operating across borders. Therefore, by creating novel technologies, key players are focusing on research and development activities to improve the IT infrastructure.
Trucks and last-mile robots unlock new levels of quality, safety, and efficiency through the deployment of self-driving vehicles, which ultimately aims to transform freight management solutions. Furthermore, the enhancement of management systems combined with the upgradation of tracking, monitoring, and integrated systems are anticipated to promote several growth opportunities got the digital freight management market share.
Principal Consultant
The USA is conventionally the global leader in international trade, which makes North America the largest digital freight management market, with a remarkable revenue of 31.8%.
The presence of large IT companies, as well as freight management services and solutions in this region, are attributed to the global market growth. Digitalization and other technological developments, along with the growth of the e-commerce sector, are further estimated to contribute to the digital freight management market growth.
Europe is the second leading digital freight management market, with a profit of 25.3%. This is attributed to the presence of several IT companies, increased technological advancements, and the high adoption of freight management system tools.
Start-up companies in the digital freight management market are creating unique strategies such as tracking of freight shipments, goods consolidation, AI-enabled freight forwarding services, etc., to cater to the transport, FMCG, construction, etc. sectors.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Owing to the presence of a large number of players in the digital freight management market share, the market itself is fragmented and competitive. The increasing penetration and growing reliance on technology for negotiating rates, contacting carriers, scheduling, and controlling fleet operations are further leading to global market growth.
The latest developments in the digital freight management market are:
Start-up companies in the digital freight management market are creating unique strategies such as tracking of freight shipments, goods consolidation, AI-enabled freight forwarding services, etc., to cater to the transport, FMCG, construction, etc. sectors.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 9.4% from 2022 to 2032 |
| The base year for estimation | 2021 |
| Historical data | 2017 to 2021 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments Covered | Solutions, Technology, Services, and Region. |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia, and New Zealand |
| Country scope | United States of America; Canada; Mexico; Germany; United Kingdom; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa |
| Key companies profiled | Accenture plc, CEVA Logistics, CTSI-Global, The Descartes System Group Inc., DSV A/S, High Jump Software, JDA Software Group Inc., Manhattan Associates, United Parcel Service of North America Inc., C.H. Robinson, Cargocentric Inc., J.B. Hunt Transport Inc., Kintetsu World Express, Kuehne + Nagel International AG, Loadsmart Inc., Panalpina World Transport (Holding) Ltd., etc. |
| Customization scope | Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The digital freight management market is likely to garner a CAGR of 9.4%, during the forecast period.
North America is the leading digital freight management market with a share of 31.8% in 2022.
By 2032, the digital freight management market is likely to grow to a valuation of US$ 34,559.8 Million.
1. Executive Summary | Digital Freight Management Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Million) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Solutions
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Solutions, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Solutions, 2022 to 2032
5.3.1. Logistics Management System
5.3.2. Baggage And Cargo Screening System
5.3.3. Freight Operational Management System
5.3.4. Security Monitoring System
5.4. Y-o-Y Growth Trend Analysis By Solutions, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Solutions, 2022 to 2032
6. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Technology
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Technology, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Technology, 2022 to 2032
6.3.1. Surveillance System
6.3.2. X- rays
6.3.3. Detectors And Radiations
6.4. Y-o-Y Growth Trend Analysis By Technology, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Technology, 2022 to 2032
7. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Services
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Services, 2017 to 2021
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Services, 2022 to 2032
7.3.1. Professional Services
7.3.2. Support And Maintenance
7.3.3. System Integration
7.4. Y-o-Y Growth Trend Analysis By Services, 2017 to 2021
7.5. Absolute $ Opportunity Analysis By Services, 2022 to 2032
8. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2017 to 2021
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. United States of America
9.2.1.2. Canada
9.2.2. By Solutions
9.2.3. By Technology
9.2.4. By Services
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Solutions
9.3.3. By Technology
9.3.4. By Services
9.4. Key Takeaways
10. Latin America Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Solutions
10.2.3. By Technology
10.2.4. By Services
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Solutions
10.3.3. By Technology
10.3.4. By Services
10.4. Key Takeaways
11. Europe Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Solutions
11.2.3. By Technology
11.2.4. By Services
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Solutions
11.3.3. By Technology
11.3.4. By Services
11.4. Key Takeaways
12. Asia Pacific Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. India
12.2.1.5. Malaysia
12.2.1.6. Singapore
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia-Pacific
12.2.2. By Solutions
12.2.3. By Technology
12.2.4. By Services
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Solutions
12.3.3. By Technology
12.3.4. By Services
12.4. Key Takeaways
13. Middle East and Africa Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of Middle East and Africa
13.2.2. By Solutions
13.2.3. By Technology
13.2.4. By Services
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Solutions
13.3.3. By Technology
13.3.4. By Services
13.4. Key Takeaways
14. Key Analysis
14.1. United States of America
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2021
14.1.2.1. By Solutions
14.1.2.2. By Technology
14.1.2.3. By Services
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2021
14.2.2.1. By Solutions
14.2.2.2. By Technology
14.2.2.3. By Services
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2021
14.3.2.1. By Solutions
14.3.2.2. By Technology
14.3.2.3. By Services
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2021
14.4.2.1. By Solutions
14.4.2.2. By Technology
14.4.2.3. By Services
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2021
14.5.2.1. By Solutions
14.5.2.2. By Technology
14.5.2.3. By Services
14.6. United Kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2021
14.6.2.1. By Solutions
14.6.2.2. By Technology
14.6.2.3. By Services
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2021
14.7.2.1. By Solutions
14.7.2.2. By Technology
14.7.2.3. By Services
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2021
14.8.2.1. By Solutions
14.8.2.2. By Technology
14.8.2.3. By Services
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2021
14.9.2.1. By Solutions
14.9.2.2. By Technology
14.9.2.3. By Services
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2021
14.10.2.1. By Solutions
14.10.2.2. By Technology
14.10.2.3. By Services
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2021
14.11.2.1. By Solutions
14.11.2.2. By Technology
14.11.2.3. By Services
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2021
14.12.2.1. By Solutions
14.12.2.2. By Technology
14.12.2.3. By Services
14.13. Malaysia
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2021
14.13.2.1. By Solutions
14.13.2.2. By Technology
14.13.2.3. By Services
14.14. Singapore
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2021
14.14.2.1. By Solutions
14.14.2.2. By Technology
14.14.2.3. By Services
14.15. Australia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2021
14.15.2.1. By Solutions
14.15.2.2. By Technology
14.15.2.3. By Services
14.16. New Zealand
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2021
14.16.2.1. By Solutions
14.16.2.2. By Technology
14.16.2.3. By Services
14.17. GCC Countries
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2021
14.17.2.1. By Solutions
14.17.2.2. By Technology
14.17.2.3. By Services
14.18. South Africa
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2021
14.18.2.1. By Solutions
14.18.2.2. By Technology
14.18.2.3. By Services
14.19. Israel
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2021
14.19.2.1. By Solutions
14.19.2.2. By Technology
14.19.2.3. By Services
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Solutions
15.3.3. By Technology
15.3.4. By Services
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Accenture
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.2. CEVA Logistics
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.3. CTSI – Global, Descartes System Group
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.4. DSV
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.5. High Jump Software
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.6. JDA Software Group, Inc
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.7. Manhattan Associates
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.8. MercuryGate
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.9. Dreamorbit
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.10. Mcleod Software
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
Explore Technology Insights
View Reports
Digital Freight Management Market
