Freight Management System Market Analysis

Transportation Mode (Rail Freight, Road Freight)

The global freight management system market is segmented and analyzed for demand and supply by transportation mode into rail freight, road freight, ocean freight, and air freight. Out of which, the road freight segment is anticipated to grow at a highest CAGR of 11.6% over the forecast period. The growth of the segment can be attributed to the increasing adoption of cloud live tracking for freight management. Additionally, road freight also has a lower reliance on logistical nodes such as ports, airports, or train stations. Hence, it is more cost-effective (with low transport volumes and inexpensive transport machinery), uses intermodal transport (travel on ships and be transported by rail on special wagons preventing time-consuming reloading from one mode of transportation to another), and provides door-to-door delivery. Further, there has been growing construction of roads all around the globe which is further expected to boost the segment growth. By 2022, the government of India were expected to have built 65,000 km of national highways for approximately USD 740 billion.

End-user (Third-Party Logistics, Forwarders)

The global freight management system market is also segmented and analyzed for demand and supply by end-user into third-party logistics, forwarders, brokers, shippers, and carriers. Amongst these segments, the forwarders segment is anticipated to hold the largest market revenue by the end of 2036. Everything from setting up storage, shipping goods, monitoring inland transportation, preparing shipping and export documents, filling out insurance, haggling, scheduling cargoes, storage of goods, and other services to receiving documents confirming and verifying delivery and freight collection at the location by their agent or associate falls under the purview of the forwarder. Hence, they are more in demand by shippers since they offer several supply chain services. Additionally, they offer various international shipping. Hence growing shipment of goods outside the country is also estimated to boost the segment growth. However, the third-part logistics segment is anticipated to grow at a highest CAGR of 11.7% over the forecast period.

Our in-depth analysis of the global market includes the following segments: