Press release
Freight Forwarding Software Market Report, Size 2021: Global Trends, Top Players Updates, Future Plans, Industry Impact and Forecast till 2027 | WiseTech, Descartes, Oracle, Werner Enterprises, Mercurygate, SAP, Jda Software, Db Schenker
Freight Forwarding Software Market
The Global Freight Forwarding Software Market is expected to grow at a significant rate by 2027.
Market Overview
The demand for freight forwarding software is rising on account of the implementation of cloud and big data analytics across various industries, the emergence of advanced solutions in cargo security, transportation, and safety. In addition, the advancements in communication technologies and the Internet of things (IoT) are also intensifying market growth. Furthermore, the rapidly increasing global trade activities and the need to control the time-in-transit is the key factor driving the market growth.
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COVID-19 Impact
Due to COVID-19, each industry in the world is affected and its long-term effects are going to influence the growth of the Freight Forwarding Software market in the upcoming period. During the Covid-19 pandemic, the market is experiencing negative growth on the market. Due to the lockdown in many countries and increase in focus on the production of essential products, the volumes of air and ocean freight fell substantially in 2020. However, in the upcoming period, the market is expected to recover, backed by the e-commerce and manufacturing industries, particularly the air freight forwarding market, as reported by the International Air Transport Association (IATA) in January 2021.
Global Freight Forwarding Software Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Type, the market is primarily bifurcated into
• Rail Freight Software
• Road Freight Software
• Ocean Freight Software
• Air Freight Software
The Ocean Freight Software sub-segment dominated the Global Freight Forwarding Software Market and is expected to grow at a noteworthy CAGR by the year 2027.
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By Application, the market is primarily segmented into
• Third-Party Logistics
• Forwarders
• Shippers and Carriers
• Others
Amongst Applications, the Third-Party Logistics segment accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the forecast period 2021-2027.
Freight Forwarding Software Market Geographical Segmentation Includes:
• North America (United States, Canada, Rest of North America)
• Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)
• Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific)
• Rest of the World
North America is dominating the Freight Forwarding Software Market in 2020 and is anticipated to maintain its dominance during the forecast period.
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The major players targeting the market includes
• WiseTech
• Descartes
• Oracle
• Werner Enterprises
• Mercurygate
• SAP
• Jda Software
• Db Schenker
• C.H. Robinson (TMC)
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Freight Forwarding Software Market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Freight Forwarding Software Market?
• Which factors are influencing the Freight Forwarding Software Market over the forecast period?
• What are the global challenges, threats, and risks in the Freight Forwarding Software Market?
• Which factors are propelling and restraining the Freight Forwarding Software Market?
• What are the demanding global regions of the Freight Forwarding Software Market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
Final Report will add the analysis of the impact of COVID-19 on this industry.”
In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.
The report provides a snapshot of the syringes & needles market. It begins with the introduction section which mentions the features and uses of syringes & needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes & needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.
An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes & needles and problems associated with usage. Government legislation in the market has been discussed in the next section.
The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.
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A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:
What is the aim of the report?
• The market report presents the estimated market size of Freight Forwarding Software Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
• Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
• An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
• The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
• The various parameters accelerating the growth of Market are incorporated in the research report.
• The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
• Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
• The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
• The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
• Based on what factors are the key market players assessed in this report?
• The report offers detailed analysis of leading companies in the market across the globe.
• It provides details of the major vendors involved in the Market including Key Playes
• A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
• the manufactured products is incorporated in the report.
• The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
• The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
• Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
• The report offers the present scenario and future growth prospects Market in various geographical regions.
• The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
• The SWOT analysis is conducted along with Porter's Five Force analysis.
• The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
Contact us:
UnivDatos Market Insights (UMI)
Email: sales@univdatos.com
Web: https://univdatos.com
Ph: +91 7838604911
About Us:
UnivDatos Market Insights (UMI), is a passionate market research firm and a subsidiary of Universal Data Solutions. Rigorous secondary and primary research on the market is our USP, hence information presented in our reports is based on facts and realistic assumptions. We have worked with 200+ global clients, including some of the fortune 500 companies. Our clientele praises us for quality of insights, In-depth analysis, custom research abilities and detailed market segmentation.
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