MarkNtel Advisors recently published a report, titled, ” Global Freight Management System Market By Solution (Planning (Supplier and Vendor Management, Freight information Management, Inventory Management, Claims Management), Operations and Execution, (Load Optimization, Freight Visibility, Freight Audit & Payment) Others (Transportation Management, etc.)), Control and Supervision (Freight Tracking and Surveillance Solution, Baggage and Cargo Screening System, Shipment Security Monitoring)), By Services (Consulting, System Integration & Deployment, Support & Maintenance), Other. As per as the report The Global Freight Management System Market Analysis, 2021,” the market is likely to grow at a CAGR of around 10.5% in the forecast period of 2021-26.
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Market Driver
Multiple companies are increasingly inclining toward technologies that help trace, track, secure, and control the in-transit cargo. Visibility is increasingly playing a vital role in supply chain and logistics strategies, be it inbound logistics or outbound. It is likely to be achieved using specific identification numbers describing the nature of products. It helps improve inventory management and reduces CAPEX while minimizing supply chain errors. Moreover, it makes the data available at a click to any stakeholder and overcomes the limitation of most enterprise resource planners struggling to ingest external organizational information.
Furthermore, it also provides an inside view of the organization. Hence, the Visibility of the Freight Management System is likely to drive the global market in the forecast period and unify the organizational supply chain information to support concurrent planning while building lucrative opportunities in the forecast period.
Leading Companies in Global Freight Management System Market:
JDA Software, Accenture, DB Schenker, SNCF Geodis, CEVA, Hyundai Merchant Marine, Northline, Retalix, Werner, Interactive Freight Systems.
Global Freight Management System Market Segmentation:
By Component Type
-Solution
-Planning
-Supplier and Vendor Management
-Freight information Management
-Inventory Management
-Dispatch Management
Claims Management
-Operations and Execution
-Load Optimization
-Freight Visibility
-Freight Audit & Payment
-Others (Transportation Management, etc)
Control and Supervision
-Freight Tracking and Surveillance Solution
– Baggage and Cargo Screening System
-Shipment Security Monitoring
Services
-Consulting
-System Integration & Deployment
-Support & Maintenance
By Deployment Type
-On-Premise
-Cloud
By Application
-Roadways
-Railways
-Seaways
-Airways
By End Users
-Third-Party Logistics
-Forwarders and Brokers
-Shippers and Carriers
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By Region
-North America
-South America
-Europe
-Asia Pacific
-Middle East and Africa.
North America is likely to hold the largest share of the Global Freight Management System Market in the forecast period, prominently due to the freight management solutions & services adopted by multiple end-users in the region.
Key questions answered in the Global Freight Management System Market are:
•What is Global Freight Management System Market?
•What was the market size in 2023?
•What is the growth rate of the Global Freight Management System Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Global Freight Management System Market?
•What segments are covered in the Market?
•Who are the key players in the Global Freight Management System Market?
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