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Digital Freight Brokerage Market to Reach US$ 26 Bn By 2030

06-15-2022 02:44 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR

Analysts at TMR project the Digital Freight Brokerage Market to expand at a CAGR of 33% during the forecast period from 2020 to 2030. The extensive use of smartphones and mobile applications for efficient shipping and logistics operations fuels the growth of the digital freight brokerage market. Solutions in the digital freight brokerage market include mobile applications that enables shippers and carriers to interact directly and match their services for transportation and logistics.

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The significant rise in volume of container shipping and air freight has led to rapid adoption of digital technologies in the transportation and logistics sector. Consistent efforts of air freight companies to address complexities in air freight management and improve various aspects of the value chain are compelling the need of third-party services, including digital freight brokerage.

Significant capital investments leading to increasing use of technology is favorable to the growth of the digital freight brokerage market. This is attracting a number of small-to-large scale digital freight brokerage companies to enter the fray.

The inclination of established transportation management companies to partner with digital freight brokers is creating new frontiers in the digital freight brokerage market. The announcement of partnership of Uber Freight and Cloud Logistics by E2open to provide added value, flexibility, and control of shipping logistics is a case in point. The move is expected to offer shippers transparency, and an exceptional degree of ease in the current fast-moving market.

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Considerable entry of startups that use novel technologies such as AI and ML to anticipate demand from shippers and carriers is likely to influence the growth of the digital freight brokerage market in the upcoming years. Increasing use of technology is helping to make operations from broker's end automated and time-efficient, thereby stimulating the demand for digital freight brokerage solutions.

Increasing focus on centralizing logistics processes and operations through mobile applications is expected to assist carriers to match services with shippers and streamline interaction with the same
Roll out of value-added services on mobile platforms for digital freight brokerage attracts shippers and carriers to opt for digital solutions. For instance, value-added service enables real-time monitoring of shipment using an online freight application. Delivery photo, signed invoice for landing, and managing paperwork of delivery process with real-time tracking of shipments are some offerings of value-added services of digital freight brokerage solutions.

Launch of new digital freight brokerage platforms is on the cards of large players in the digital freight brokerage market. For instance, Edge Logistics announced the launch of a digital freight matching platform that offers transparency in the brokerage's private load board to carriers.

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Substantial demand for digital freight brokerage platforms from large transportation carriers to improve reliability, flexibility, and performance of supply chains drives the digital freight brokerage market

Rapid uptake of advanced technologies in the transportation and logistics sector for the tracking of assets and recording of transactions stimulates demand

How Digital Freight Brokerage Market will recover after covid19 - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=29144

Some of the key players operating in the digital freight brokerage market are;

C.H. Robinson
CEVA Logistics
Coyoye Logistics LLC
DB Schenker Logistics
Echo Global Logistics
J.B. Hunt Transport Inc.
Kuehne + Nagel International AG
Panalpina World Transport Ltd.
Transfix
Truckstop.com
uShip Inc.
Cargocentric Inc.
Convoy
DAT Solutions LLC
DHL International GmbH
Cargomatic Inc.
Kintetsu Worl Express
Loadsmart inc.
TGMatrix Limited
Trucker Path Inc.
Uber Freight

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About Transparency Market Research:

Transparency Market Research is a Global Market Research Report company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Rohit Bhisey
Transparency Market Research Inc.
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Suite 1200, Wilmington, Delaware 19801 USA
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