Press release
Freight Management System Market Segment Forecasts up to 2020, Research Report
Freight management system is a software solution that is implemented in transport businesses to optimize the efficiency of commercial freight operations. Such software systems automate processes and help in improving company’s communication and productivity. The solution also reduces the load of data entry and helps in eliminating errors. The various features of a freight management include freight tracking system, vehicle maintenance and repairs, pallet tracking, Proof of Delivery (POD) scanning, drivers and subcontractors rating and payments, customer Electronic Data Interchange (EDI) interfacing, consignment entry, consistent auto consignment pricing and comprehensive operational reporting.The freight management system market can be segmented on the basis of solutions, technology, services, transport mode and geography. On the basis of solutions, the market can be segmented into logistics management system, baggage and cargo screening system, freight information system, freight operational management system and security monitoring system. On the basis of technology the market can be segmented into surveillance systems, X-rays, detectors and radiations. On the basis of services, the market can be segmented into support and maintenance services, professional services and system integration. On the basis of transport mode, the market can be segmented into seaways, roadways, railways and airways.
Get FREE Sample PDF file of Freight Management System Market :
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3350
With the emergence of advanced modules in freight management systems, many transport companies are looking to implement freight management systems to improve their delivery capabilities. Also, there is rapid increase in the demand of on-time delivery of products and raw materials that encourages the fleet owners to implement an efficient freight management system which allows planning for the current inventory. Implementation of freight management systems also ensures warehouse efficiencies by decreasing time spent working on freight management and investing the same amount of time on warehouse duties. Therefore, there is stiff competition among the vendors to come up with innovative products that can cater to the growing demand. Another factor that is contributing to the growth of this market is rise in global trade. International trade bodies like WTO (World Trade Organization) are encouraging open door policy to promote international trade without any tax barriers. Many business establishments are taking the advantage of the trade incentives and relaxation in regulations to expand their businesses beyond national boundaries. This triggers the demand for freight management system that can update and track freight movements globally and ensure the safe and on-time delivery, thereby contributing to the growth of this market.
However, trade barriers by countries to safeguard domestic businesses, has restricted the market growth. For example, open door policy is not accepted by many countries and such countries impose heavy taxes on foreign goods to protect their local manufacturers. Therefore, to comply with the taxes, the manufacturers of foreign goods and the vendors of freight management systems increase the prices of their products making them unaffordable in the process. In addition, poor transport infrastructure in developing countries like India and China leads to traffic congestion and accidents which are unpredictable in nature. These unpredictable events affect the operational efficiency of freight management system. The other unpredictable events include cargo thefts and climatic conditions like rain and snow. These are the major factors that are adversely affecting the growth of this market.
CEVA logistics is one of the leading players in this line of business and has been awarded Silver Supplier Excellence Award by the Association of Aerospace Industries, Singapore (AAIS) in the year 2014, for their excellence in the field of freight management system. Some of the other major players in this market are Agility Public Warehousing Company KSC, United Parcel Service of North America, Inc. and JDA Software Group, Inc. among others
About Us :
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact Us :-
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Freight Management System Market Segment Forecasts up to 2020, Research Report here
News-ID: 366542 • Views: …
More Releases from TMR- Research
Functional Printing Market - Global Industry Analysis, Trends and Forecast 2020
Functional printing technology enables 3D printing of functional electronic objects with the use of substrates and inks. Printing techniques such as screen, gravure, inkjet, flexography, offset printing, nano-imprint lithography, micro-contact printing and aerosol jet printing are used for printing on a wide range of substrates with the use of functional inks. Screen printing technology is dominant in the field of functional printing owing to its high reliability and is widely…
Tailored Software Solutions for the Oilfield Services Segment Forecasts up to 20 …
Oil and gas companies have to manage large data sets throughout the value chain of the hydrocarbon industry. In this capital intensive oil and gas sector the energy companies need to maintain complex and geographically diverse data sets of subcontractors, employees and suppliers. The new cost pressures have led oil and gas companies to increase their efficiency in exploration and production services. Automating procurement and scheduling processes allow operators to…
Auto Catalyst Market Analysis, Size, Growth, Trends and Forecast by 2024
Global Auto Catalyst Market: Overview
The global auto catalysts market has come into its own in the last few decades due to growing environmental awareness of the global population. Auto catalysts are substances used in automotive exhaust systems to convert automotive exhaust gases into less harmful substances. Automotive exhausts include various toxic and/or greenhouse gases such as oxides of nitrogen and sulfur. Auto catalysts react with these gases as they pass…
Hardware as a Service Market - Analysis, Growth, Trends, Share, Forecast by 2024
Hardware as a Service (HaaS) is a process of procurement similar to licensing and subscriptions. The hardware which has to be managed is placed at the client’s facilities and managed by the service provider. Cost related to this hardware is added into the monthly subscription rate which is paid by the client for the managed services offered. It involves remote management of all the hardware installed at the client’s site.…
More Releases for Transparency
transparency market research
The global Custom Antibody Market market is estimated to attain a valuation of US$1 Billion by the end of 2033, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 0.085% during the forecast period, 2023 to 2033.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading…
Transparency Market Research
A belt drive is a type of power transmission device which is a looped belt wound around a pair of pulley so as to transmit power between two or more rotating shafts. Compared to other power transmitting devices, belt drives are more preferred in mechanical industry due to easy installation, numerous speed ratio selections, less power loss and comparative low price. Belt drive protects the rotating machinery from overload fluctuations…
Transparency Market Research
An ultrasonic motor is an electric motor which is driven by the ultrasonic vibration of a component. The stator of the motor is supported by piezoelectric components in ultrasonic frequency range which produces different types of vibrations depending on its arrangement. In other words, ultrasonic motor is a type of electric motor that transforms ultrasonic physical vibrations to linear motion, produced by a piezo-transducer. Ultrasonic motors therefore do not use…
More transparency in Engineering IT
CPO certification helps evaluate openness of IT systems
Digitalization is making openness in the linking of IT solutions increasingly important. The Code of PLM Openness (CPO), developed by the ProSTEP iViP Association, supplies a concrete approach for achieving precisely that. Fraunhofer IAO has now developed an effective certification for companies, which helps them comply with the CPO criteria.
Industrie 4.0 requires intensified collaboration between various tools and systems. Only when…
eDataCenterAnalyzer Increases Transparency in Data Centers
30 June 2016. Walldorf, Germany. – fluid Operations™ AG (fluidOps), a leader in semantic technologies, today launched eDataCenterAnalyzer™, an app that increases transparency in data centers. With the launch of this app and new releases of its Smart Data Platform Information Workbench™ and cloud management app eCloudManager™, the company has set the cornerstone for the future development of its product portfolio.
eDataCenterAnalyzer combines the full functionality of Information Workbench with innovative…
Transparency across the entire process chain
Leitner Spedition implements best4log-x
• Austrian trucking company uses arvato Systems solution
• End-to-end process management provides higher efficiency
(arvato Systems) Gütersloh / Unterpremstätten – Since the beginning of 2015, the Austrian trucking company Leitner Spedition has been working with the best4log-x transport management system. This SAP-based solution from arvato Systems provides an integrated digital information flow and supports mid-sized companies in achieving a transparent process design. Controlling and Reporting have seen a…
