Freight Management System Market by Solution (Freight Tracking & Monitoring, Cargo Routing & Scheduling, Security, EDI, TMS, Order Management), End-user (3PLs, Forwarders, Brokers, Shippers), Transportation Mode, and Region-Global Forecast to 2020-2027

    18-February-2020 | 135 Pages | | Report Code : RC-131

The freight management system market was anticipated to be valued at USD 10.76 Billion in 2018 and reach USD 27.45 Billion by 2027, registering a Compound Annual Growth Rate (CAGR) of 12.1% over the forecast period. The relevant factors estimated to lead the growth of the market are increment in global trade, demand to regulate time-in-transit, rise in freight visibility solutions and technologies, developments in freight security, safety, and transportation solutions, and growth in communications technologies and acceptance of IoT worldwide. The report aims at defining, describing, and projecting the freight management system market size based on solution (planning, execution and operations, and control and monitoring), service, end-user, transportation mode, and region.

Major adoption trends, evolution of solutions, services, forthcoming opportunities, and business cases are the areas highlighted in this freight market report. A huge deal of competency in logistics activities is required to comply with the prompt delivery demand of the end users due to enhanced international trade, globalization, and growing population. This has also provided a big opportunity for the vendors of this market to facilitate on-demand, real time updated and intelligent solutions.

The Freight Management System Market is widely classified based on type of its solutions: Freight Transportation Cost Management, Freight Security and Monitoring Systems, Freight Mobility Solutions, Freight operation management Solutions, Freight Information Management Solutions, Freight 3PL Solutions, Warehouse Management System. On the basis of services, Freight Management System Market is divided as Business Services, Managed Services, and System Integrators. As per type of deployment model: On-premise, Hosted/Cloud. Small Medium Business (SMBs) and Large Business are the classification based on type of organization size. Roadways, Railways, Seaways and Airways are the segments based on type of mode. Automotive, Consumer and Retail, Aerospace and Defense, Healthcare and Pharmaceuticals, Energy, and Others are the divisions as per type of vertical. North America (NA), Asia-Pacific (APAC), Europe, Latin America (LA), Middle East and Africa (MEA) are the segments based on regions.

The top players of the Freight Management System Market include Descartes (Canada), Oracle (US), Werner Enterprises (US), MercuryGate (US), SAP (Germany), Accenture (Republic of Ireland), JDA Software (US), Ceva Logistics (Spain), UPS (US), DB Schenker (Germany), C.H. Robinson TMC (US), Riege Software (Germany), Retrans (US), BluJay Solutions (UK), McLeod Software (US), FreightView (US), Freight Management (US), Linbis (US), Logisuite (US), DreamOrbit (India), Manhattan Associates (US), Magaya Corporation (US), Kuebix (US), ImageSoft (Australia), and 3GTMS (US)

Within the forecast period, North America is estimated to record the largest Freight Management System Market share globally. This growth is driven by the adoptability of freight management solutions and services among various users of this region. Due to the immense technological acceptance and existence of leading solutions providers in the market, North America is anticipated to be the most prominent region for the growth of the freight management system market. US and Canada being part of North American region are also witnessing the relevant applicability of freight management systems. Owing to its sustainable and well-established economy, US is anticipated to have a major influence in the market which allows it to make immense investments in R&D activities, allowing it to assist the advancement of new technologies and use cases.

The research report categorizes the freight management system market to forecast the revenues and analyze the trends in each of the following sub-segments

By Component
•    Solution
•    Services

By Solution
•    Planning
o    Supplier and Vendor Management
o    Freight Order Management
o    Revenue Management
o    Dispatch Management
o    Claims Management

•    Execution and Operations
o    Electronic Data Interchange
o    Load Optimization
o    Brokerage Operational Management
o    Freight Visibility
o    Freight Audit and Payment
o    Transportation Management System

•    Control and Monitoring
o    Freight Tracking and Monitoring Solution
o    Cargo Routing and Scheduling Solution
o    Cargo Security

By Services
•    Consulting
•    System Integration and Deployment
•    Support and Maintenance

By End-User
•    3PLs
•    Forwarders
•    Brokers
•    Shippers
•    Carriers

By Mode
•    Rail Freight
•    Road Freight
•    Ocean Freight
•    Air Freight

By Region
•    North America
o    United States
o    Canada

•    Europe
o    Germany
o    United Kingdom
o    France
o    Rest of Europe

•    Asia Pacific
o    China
o    Japan
o    Australia and New Zealand
o    Singapore
o    Rest of Asia Pacific

•    Middle East and Africa
o    Kingdom of Saudi Arabia
o    United Arab Emirates
o    Qatar
o    South Africa
o    Rest of Middle East and Africa

•    Latin America
o    Brazil
o    Mexico
o    Rest of Latin America

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