Digital Freight Forwarding Market: A Strong Foundation Post Covid Sets The Stage For Continued Outperformance

The Digital Freight Forwarding Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2021-2026). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.

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Digital freight forwarding offers various benefits such as better buying experience for customers, increased traceability, improved documentation management, and integration with existing platforms. It can tackle various challenges and even reduce the need to speak to someone in person. Digital freight forwarding also involves advanced technologies and services for logistics value chain. These benefits over traditional freight forwarding is increasing the usage by various players which is fueling the market growth.

On January 2020, FreightBro, a freight-tech start-up, digitizing the manual processes in forwarding, announced the integration of Maersk Spot within its digital platform for freight forwarders. It will use Maersk Spot APIs, allowing customers to book and secure container space online and in real-time.

Major Players are:
C.H. Robinson Worldwide, Inc. (United States),FedEx Corp. (United States),J.B. Hunt Transport Services Inc. (United States),Kuehne + Nagel International AG (Switzerland),Penske Truck Leasing Co. LP (United States),United Parcel Service Inc. (United States),XPO Logistics Inc. (United States),TNT Logistics (Netherlands),Wilson Logistics Group (United States),Nippon Express (United States),

NOTE: Our analysts monitoring the situation across the globe explain that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

The titled segments and sub-section of the market are illuminated below:
Components (Solutions, Services), Technology (Augmented Reality, Robotics, Autonomous Logistics, Digital platforms, Big data analytics, Others), Mode (Rail Freight, Road Freight, Ocean Freight, Air Freight), End User (Third-Party Logistics (3PLs), Forwarders, Brokers, Shippers, Carriers)

Market Trends:
Technological Enhancements in Logistics

Market Drivers:
Benefits Such as Improved Customer Experience, Easy Tracking, and Others
Growing E commerce Industry

Challenges:
Lack of Skilled Professionals

Opportunities:
Innovations in Data Analytics and ERP
Increasing Penetration of Technology and Reliance on It

Years considered for this report:
 Historical Years: 2015-2020
 Base Year: 2020
 Estimated Year: 2021
 Forecast Period: 2021-2026

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Extract from Table of Content:
Chapter 01 – Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Covid-19 Crisis Analysis on Global Digital Freight Forwarding Market
Chapter 05 – Global Digital Freight Forwarding Market - Pricing Analysis
Chapter 06 – Global Digital Freight Forwarding Market Background
Chapter 07 -- Global Digital Freight Forwarding Market Segmentation
Chapter 08 – Key and Emerging Countries Analysis in Global Digital Freight Forwarding Market
Chapter 09 – Global Digital Freight Forwarding Market Structure Analysis
Chapter 10 – Global Digital Freight Forwarding Market Competitive Analysis
Chapter 11 – Assumptions and Acronyms
Chapter 12 – Research Methodology

What are the market factors that are explained in the Digital Freight Forwarding Market report?
– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
– Analytical Tools: The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Questions Answered in the Report:
• How much is the Digital Freight Forwarding Market Worth?
• What is the Growth Rate of the Digital Freight Forwarding Market?
• Which Segment of the Digital Freight Forwarding to Hold the Highest Market Share?
• Which Segment of the Digital Freight Forwarding Market to Witness Fastest Growth Rate?
• Which Region to Hold the Biggest Market Share?
• Who are the Key Players of the Digital Freight Forwarding Market?

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