Press release
Future Outlook: Digital Freight Brokerage Market to Hit USD 46.15 Billion by 2034, Growing at 23.1%
Digital Freight Brokerage Market
According to Polaris Market Research analysis, the global digital freight brokerage market was valued at USD 5.79 billion in 2024 and is projected to reach USD 46.15 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 23.1% from 2025-2034.
Market Explanation
Digital freight brokerages are online marketplaces that permit shipping firms and truck drivers to connect through the use of a digital app. Whereas conventional freight brokerages are executed by phone or fax, frequently taking days and weeks to assemble, digital freight brokerage platforms can link shippers and carriers instantly, eliminating the need for an intermediary and smoothing the entire procedure.
Utilizing a digital freight brokerage platform offers shippers and carriers access to a safe and secure environment for finding appropriate freight partners. There is a decreased requirement for manual entries and much less dependence on outdated configurations of interactions to finalize the deal. Further, several digital freight matching services can be integrated into prevailing transport management systems (TMS) to generate a more holistic logistic solution for any business.
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Market Growth Drivers
• Growing Regulatory Intricacies: Governments globally often update consumer directives, tariffs, and conformity needs, which confuse shippers and slow down conventional freight operations. Digital freight brokerage platforms address these challenges by combining regulatory data, automating documentation, and offering real-time updates on policy alterations. Shippers utilize these instruments to circumvent fines, decrease border delays, and enable seamless cross-border motion, driving up the global digital freight brokerage market development.
• Escalating Urbanization: The demand for speedy and dependable transportation of goods is surging acutely, generating pressure on supply chains to function more predictively within compact urban areas. Conventional freight systems often struggle to meet these demands due to traffic obstruction, restricted delivery windows, and stringent city directives. Digital freight brokerage platforms help businesses navigate these challenges, thereby fueling the market expansion.
Edge AI Accelerator Market Report Highlights
• Processor Segment: The Graphics Processing Unit (GPU) segment captured a significant share of the market in 2024, driven by its superior processing power and adaptability in managing complex AI workloads at the edge.
• Device Segment: Smartphones led the edge AI accelerator market in 2024, fueled by the widespread integration of AI functionalities and the rapid rollout of 5G networks.
• Regional Insights: North America emerged as the leading region in the global edge AI accelerator market in 2024, supported by a well-established tech ecosystem, substantial investments in AI research, and early adoption of cutting-edge computing technologies.
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Competitive Landscape
Firms in the industry engage in varied strategies to improve their positions. A few of the major market companies are noted below:
• Apple Inc.
• EdgeCortix Inc.
• Google LLC
• Hailo Technologies Ltd.
• Huawei Technologies Co., Ltd.
• IBM
• Intel Corporation
• Infineon Technologies
• Mythic
• NVIDIA Corporation
• Qualcomm Technologies, Inc.
• Rapidus Corporation
Regional Outlook
Regional augmentation policies in the digital freight brokerage market are important, with firms targeting emerging markets to benefit from the growing demand.
North America led the market in 2024 due to its established logistics infrastructure, high reach of digital technologies, and robust presence of tech-enabled freight startups. Shippers and carriers covering the US growingly adopting digital platforms to maximize route planning, enhance load matching, and acquire real-time shipment visibility.
Asia Pacific is witnessing the fastest growth due to speedy industrialization, surging trans border trade, and growing demand for smooth third-party logistics (3PL) covering densely populated nations.
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Segmental Analysis
Polaris Market Research has segmented the edge AI accelerator market report based on processor, device, end use, and function:
By Processor Outlook
• Central Processing Unit (CPU)
• Graphics Processing Unit (GPU)
• Application-Specific Integrated Circuits (ASICs)
• Field-Programmable Gate Array (FPGA)
By Device Outlook
• Smartphones
• IoT Devices
• Robots
• Cameras
By End Use Outlook
• Healthcare
• Natural Language Processing (NLP)
• Retail
• Manufacturing
• Security and Surveillance
• Others
By Function Outlook
• Training
• Interference
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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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