Freight Transport Management Market Insights Growth Opportunities 2027 - Lead by Accenture, CEVA Logistics AG, CTSI-Global, GEODIS, HighJump Software, JDA Software Group, Manhattan Associates and Schenker AG
Efficient freight transportation is essential for the economic growth of any nation. Hence, effectively managing freight transportation becomes crucial for development. Various strategies are incorporated for improving efficiency and freight and commercial transport. These include route planning, freight optimization, order management, and fuel management.
The industry, in recent years, has witnessed the advent of machine-to-machine communication and analytics to enhance these operations. Furthermore, the demand shift towards digitization offers significant growth prospects for market players in the future.
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The freight transport management market is anticipated to lucrative growth in the forecast period owing to driving factors such as high demand for shorter transit time and greater visibility. Change in trade flow is further expected to boost market growth.
However, cross border transportation is exposed to certain risks, and this factor may negatively influence the growth of the freight transport management market in the coming years. Nonetheless, digitalization and the emergence of analytics in the field are expected to create growth opportunities for the key players of the freight transport management market during the forecast period.
Market Segmentation :
The global freight transport management market is segmented on the basis of solution, deployment mode, type, and end user. By solution, the market is segmented as Freight Mobility Solution, Freight Transportation Cost Management, Freight Security and Monitoring System, Freight 3PL Solutions, and Others. Based on deployment mode, the market is segmented as cloud and on-premise. On the basis of the type, the market is segmented as road transport, rail freight, waterborne freight, and air freight. The market on the basis of the end user is classified as automotive, aerospace and defense, oil and gas, consumer and retail, energy and power, and others.
Top Leading Market Players:
1. Accenture plc
2. CEVA Logistics AG
4. Descartes Systems Group Inc
5. DSV A/S
7. HighJump Software Inc.
8. JDA Software Group, Inc.
9. Manhattan Associates, Inc.
10. Schenker AG (Deutsche Bahn)
As leading companies in Freight Transport Management Market continues to broaden their addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from start-ups as well the leading global technology and industrial companies in the world. Various companies in the value chain are acquiring other local players and operating through joint ventures with retailers in the market to maintain their position in market and provide efficient solutions to its customers.
The Freight Transport Management Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
The Freight Transport Management Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
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Reasons to Buy the Report:
• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market
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