Digital Freight Forwarding: Transforming Global Supply Chains - Flexport, Inc., Forto Logistics SE & Co. KG, Agility.

Global Digital Freight Forwarding Market reached US$ 8.54 billion in 2023 and is expected to reach US$ 50.14 billion by 2031, growing with a CAGR of 25.04% during the forecast period 2024-2031.

Digital Freight Forwarding Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Digital freight forwarding is the automation of logistics and supply chain management using digital platforms to book, track, and manage freight shipments. Unlike traditional freight forwarding, which relies on manual processes and paperwork, digital solutions leverage AI, IoT, and blockchain for real-time visibility and efficiency. These platforms enhance cost transparency, improve shipment tracking, and reduce operational delays. The market is expanding due to the increasing adoption of cloud-based logistics solutions and e-commerce growth. Key players include Flexport, Freightos, and Twill, which are reshaping global trade with digital innovations.

List of the Key Players in the Digital Freight Forwarding Market:

Flexport, Inc., Forto Logistics SE & Co. KG, Agility, Saloodo! GmbH, iContainers, Freightwalla, Boxnbiz, Zencargo, Kappal, DiLX.

Industry Development:

In February 2024, Ghanaian digital goods forwarder Jetstream Africa launched Jetvision.ai, an AI-powered platform designed to enhance cross-border trade in Africa. The platform provides regional freight forwarders with advanced digital tools to streamline logistics and improve trade efficiency.

Market Dynamics:

The Indian Brand Equity Foundation (IBEF) estimates that India's e-commerce market will reach US$ 111 billion by 2024 and grow to US$ 200 billion by 2026. This rapid expansion is driving demand for efficient freight forwarding services to facilitate the movement of goods globally. As e-commerce companies expand into new markets, they seek reliable freight-forwarding partners. Digital platforms play a crucial role by connecting businesses with a global network of carriers and logistics providers, enabling seamless cross-border trade. Additionally, digital freight forwarding solutions automate processes, optimize routes, and reduce costs, enhancing operational efficiency and making logistics more cost-effective.

Growth Forecast Projected:

The Global Digital Freight Forwarding Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Digital Freight Forwarding Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Digital Freight Forwarding Market:

By Component: Solutions, Services

By Mode of Transport: Land, Sea, Air Source

By Deployment Mode: On-Premises, Cloud

By Function: Warehouse Management, Transportation Management

By End-User Industry: Manufacturing, Automotive, Retail and E-Commerce, Healthcare, Others

Regional Analysis for Digital Freight Forwarding Market:

The regional analysis of the Digital Freight Forwarding Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Digital Freight Forwarding market?

➠ Who are the leading manufacturers in the global Digital Freight Forwarding industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Digital Freight Forwarding industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Digital Freight Forwarding market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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