Freight Management System Market Share

North American Market Forecast   

The North America freight management system market, amongst the market in all the other regions,is projected to hold largest industry share of 37% by 2036. The growth of the market in this region can be attributed to growing transportation industry, and rise in various initiatives taken by government for infrastructure industry. According to the Bureau of Transportation Statistics' (BTS) Transportation Satellite Accounts, the provision of transportation services increased the U.S. gross domestic product (GDP) to USD 21.3 trillion in 2020, contributing USD 1.2 trillion (5.4%) to that total (TSAs). However, the market in Asia Pacific region is estimated to grow at a highest CAGR of 11.4% over the forecast period.