Freight Transport Management Market 2022 SWOT Analysis and Key Business Strategies by Leading Players – JDA Software, Manhattan Associates, CTSI - Global

Latest research on Freight Transport Management Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2022 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Freight Transport Management market. This report included a special section on the Impact of COVID19. Also, Freight Transport Management Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends.

Freight Transport Management Market is growing at a CAGR of 9.8% during the forecast period (2021-2026).

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The Freight Transport Management market is highly competitive and consists of a number of major players. Top Companies like JDA Software, Manhattan Associates, CTSI - Global, Acc-enture PLC, Descartes Systems Group Inc., DSV A/S, HighJump, CEVA Logistics, DB Schenker, Geodis

Industry News And Developments:

- April 2019 - According to the National Infrastructure Commission, the government of the United Kingdom is planning to ban sales of diesel HGVs by 2040 at the latest as part of a plan to make the road and rail freight industry carbon-free by 2050. Over the next 30 years, heavy freight transport in the United Kingdom will increase by at least 27% and could rise by as much as 45%.

- April 2019  The Mastery Logistics Systems platform will bring centralized and automated appointment making and management. It will create a new automated tracking system based on very low-cost trackers attached to the freight and reported directly to shippers, and introduce widespread blockchain-based bills to accompany shipments and eliminate paperwork processing and invoice settlement.

Regional Analysis:

Furthermore, to broaden the understanding, researchers have studied the global Freight Transport Management market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.

Freight Transport Management Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.

Scope of the Report

- Improved operational efficiency in the movement of freight is a critical aspect of any country’s economy. The demand for goods and services is increasing, with the increase in population and globalization. To overcome various environmental concerns and security aspects of their operations, many shipping companies are opting for freight transport management solutions.

- Technological advancements have led to innovative ways of conceptualizing the process along with the development of new efficiencies. In the rising sectors, the emergence of information networks with quick contacts and transaction times along with more reliable shipments is projected to drive the freight transport market growth.

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Key Market Trends

Rail Freight to Account for a Significant Demand for Freight Management Solutions

- The rail freight transportation has had advantages over other modes in the areas of environmental performance, land use, energy consumption, and safety. Therefore, with the increased preference, the rail logistics environment has got complex and difficult to navigate, and companies need both rail cargo industry experience and information technology systems to manage them.

- This has resulted in the advent of a wide range of rail freight transportation management solutions, specifically designed for small freight trains, intermodal lines, and private factory rails that are challenged by the increasing operational complexity and a growing need to automate and/or streamline processes. The companies, such as DXC Technology and Goal Systems are inclining their product portfolio according to these needs.

North America is Expected to Hold a Major Share in Market

- The United States is estimated to make a major contribution in the region. The share is attributed to the rise in the retail sector due to many firms moving toward the online channel. With an advancement of technology in IT and cloud computing sector, the United States is continuously growing in the freight transport business.

- With globalization, owing to the growing digitalization and increasing adoption of Internet of Things (IoT) by various industries, the North American freight transport management solution market picked up momentum, especially in the United States. The road freight transportation market in North America is one of the matured markets in the world.

- Almost 70% of the freight movement (in tonnage) in the United States is done by trucks and is expected to increase by 45% by 2040, requiring additional highways, railroads, ports, and pipelines and improvements to multi-modal connections that move freight efficiently, according to the US Department of Transportation.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key 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 operating in the market on a global and regional scale.

–Key Market Features: The report evaluated 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. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Freight Transport Management Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

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