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Impact Of E-commerce Growth On Freight Transport Management Market Driver: A Major Catalyst in the Evolution of the Freight Transport Management Market in 2025
Impact Of E-commerce Growth On Freight Transport Management Market Driver
The rise of the e-commerce industry is expected to boost the growth of the freight transport management market. The increasing shift towards online shopping is driven by factors like internet penetration, mobile connectivity, and consumer demand for convenience. Freight transport management ensures the efficient delivery of goods, optimizing logistics and minimizing shipping costs. For instance, in February 2024, the U.S. Census Bureau reported that total e-commerce sales in the U.S. reached $1,118.7 billion in 2023, marking a 7.6% increase. Therefore, the growth of e-commerce is driving the freight transport management market.
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What is the future CAGR of the freight transport management market, and how will it impact industry expansion?
The freight transport management market has seen strong growth in recent years. It is projected to grow from $27.28 billion in 2024 to $30.5 billion in 2025, with a CAGR of 11.8%. This growth is driven by globalization, population growth, increased demand for goods and services, government policies promoting global trade, and a rise in freight transportation needs.
The freight transport management market is expected to reach $46.99 billion by 2029, growing at a CAGR of 11.4%. This growth is driven by trade expansion, e-commerce growth, supply chain complexity, demand for freight management solutions, and rising transport volumes. Trends include technological advancements, a focus on information technology, product innovation, investment in transport management solutions, and improvements in freight transport management systems.
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What are the most significant trends transforming the freight transport management market today?
Companies in the freight transport management market are creating advanced transport management software to improve logistics operations. WrxFlo launched the WrxFlo Transport Management System in December 2022, a platform designed to streamline transportation operations for businesses, providing real-time visibility and enabling efficient logistics planning across land, air, and sea transportation.
Which key market segments comprise the freight transport management market and drive its revenue growth?
The freight transport management market covered in this report is segmented -
1) By Offering: Solution, Services
2) By Deployment: On-Premise, Cloud
3) By Application: Road Freight, Rail Freight, Air Freight, Ocean Freight
4) By End-User: Manufacturing, Retail, Healthcare, Oil And Gas, Food And Beverage, Other End Users
Subsegments:
1) By Solution: Fleet Management Software, Warehouse Management Systems (WMS), Transportation Management Systems (TMS), Supply Chain Visibility Solutions, Route Optimization Solutions, Freight Tracking Solutions, Load Optimization Solutions, Other Solutions
2) By Services: Consulting Services, System Integration Services, Training and Support Services, Managed Services, Maintenance Services, Other Services
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Which regions are key players in the growth of the freight transport management market?
North America was the largest region in the freight transport management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the freight transport management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the freight transport management market?
Major companies operating in the freight transport management market are DHL International GmbH, Amazon Web Services Inc., CEVA Logistics, Plc, IBM Corporation, Oracle Corporation, DSV A/S, SAP SE, Union Pacific Corp., Cleveland-Cliffs Inc., Geodis SA, DB Schenker, Landstar System Inc., Korber AG, Fusion Transport, Universal Logistics Holdings Inc., Transportation Insight LLC, SEKO Logistics Ltd., Covenant, Manhattan Associates inc., Descartes Systems Group Inc., IBS Software, JDA Software Group Inc., CTSI-Global, HighJump Software LLC
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What Is Covered In The Freight Transport Management Global Market Report?
•Market Size Forecast: Examine the freight transport management market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the freight transport management market for a structured understanding.
•Key Players Overview: Analyze major players in the freight transport management market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the freight transport management market.
•Segment Contributions: Evaluate how different segments drive overall growth in the freight transport management market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the freight transport management market.
•Industry Challenges: Identify potential risks and obstacles affecting the freight transport management market.
•Competitive Landscape: Review strategic developments in the freight transport management market, including expansions, agreements, and new product launches.
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