Press release
Digital Freight Brokerage Market to See Huge Growth & Profitable Business | C.H. Robinson, Cargocentric Inc., CEVA Logistics, Convoy, Coyote Logistics LLC
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COVID-19 scenario analysis:
• COVID-19 is anticipated to affect the trade more profoundly than any other recent crisis. Companies with a well-informed perspective on potential trade scenarios are expected to begin their recovery to a position of strength.
• The pandemic will very likely hit global trade deeper and for longer than we have seen in other crises of the recent past.
• The extent of the disruption will vary by commodity, trade lane, and mode of transport, and it will be steered by local differences in the crisis’s severity.
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Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Some of the factors that boost the market growth include increase in adoption of smartphones and rise in investments in digital freight brokerage. However, the lack of confidence in the digital freight brokerage platform among truck drivers and small companies is anticipated to hamper the growth of the digital freight brokerage market. Furthermore, the increase in focus on centralizing various logistics operations and processes through mobile applications is expected to offer lucrative opportunities for the market growth during the forecast period.
The digital freight brokerage market trends are as follows:
Increase in adoption of smartphones
The proliferation of smartphones and tablets makes this process much more efficient by letting shippers find carriers on demand and offers price transparency. Moreover, the increase in adoption of smartphones and mobile applications among shippers and carriers to match their services and needs is a growing trend. In addition, most of the players in the digital freight brokerage market act as mobile-based freight brokers who provide a mobile platform, where shippers and carriers can interact directly. Therefore, the increase in adoption of smartphones and mobile applications to enhance the efficiency of operations is expected to drive the demand for digital freight brokerage solutions during the forecast period.
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Increase in investments in digital freight brokerage
There has been a notable shift toward the adoption of digital freight brokerage platforms trend that is likely to continue during the forecast period. A number of small to large-scale digital freight brokerage players have entered the market due to the increase in monetary support from venture capitalists. In addition, a number of companies, particularly in developed economies are subjected to invest in considerable resources within technology to transform their brokerage operations by leveraging the benefits of technology. Hence, surge in digitalization and investments in freight brokerage foster the market growth during the forecast period.
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Key benefits of the report:
• This study presents the analytical depiction of the digital freight brokerage market industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the digital freight brokerage market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the digital freight brokerage market scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed digital freight brokerage market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions answered in the digital freight brokerage market research report:
• What are the leading market players active in the digital freight brokerage market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?
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