Freight Management System: A Leading Driver Behind Rising Demand For Logistics And Supply Chain Driving Market Growth Due To Global Trade Expansion And Increased Shipment Complexity Market Expansion in 2025

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What Will the Freight Management System Industry Market Size Be by 2025?
In recent times, the market for freight management systems has seen a swift expansion. Its size is set to increase from $17.4 billion in 2024 to $19.41 billion in 2025, at a compound annual growth rate (CAGR) of 11.5%. Factors contributing to this growth during the historical period include a surge in global trade activities, the boom in e-commerce, rising fuel expenses, inefficiencies in manual logistics, and a growing demand for shipment visibility.

What's the Long-Term Growth Forecast for the Freight Management System Market Size Through 2029?
Significant expansion is predicted in the freight management system market in the coming years, with its value projected to reach $29.74 billion by 2029, maintaining a compound annual growth rate (CAGR) of 11.3%. The expected growth during this forecast period is largely due to the heightened demand for real-time tracking, a surge in automated logistics procedures, stricter environmental norms, the expansion of cross-border e-commerce, and the need for digital freight platforms. Notable forecast period trends include the rising adoption of artificial intelligence, blockchain technology integration, progression in development of cloud-based systems, use of internet of things in logistics, and advanced data analytics improvements.

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What Are the Key Growth Drivers Fueling the Freight Management System Market Expansion?
Growing needs in logistics and supply chain are predicted to drive the freight management system market's advancement. The terms logistics and supply chain denote the synchronized management of goods, services, and information flow from the procurement of raw materials to the final distribution of products to consumers. The demand surge for logistics and supply chain stems from expanding global trade, which necessitates capable coordination to handle the rising volume and intricacy of global shipments. A freight management system comes in handy for logistics and supply chain as it simplifies the process of planning, tracing, and optimizing deliveries, thereby cutting costs, enhancing delivery speed, and boosting overall supply chain effectiveness. For instance, Logistics UK, a trade group based in the UK, reported that in June 2024, logistics companies brought in around $1.6 trillion (£1.3 trillion) in revenues in 2022, signifying a surge of 25.8% compared to 2021. Thus, the mounting demand for logistics and supply chain is spurring the growth of the freight management system market.

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What Are the Key Trends Driving Freight Management System Market Growth?
Leading corporations in the freight management system market are prioritizing the creation of technologically sophisticated solutions, including web-based freight management software, to amplify supply chain visibility, increase operational efficiency, and minimize logistics expenses. The said software is a logistics management system, accessible via a web browser, that enables enterprises to strategize, monitor, and enhance freight operations in real-time without the necessity of local installation. For example, in August 2024, Freight130, a web-powered freight management software, was introduced by Manitoba Corporation, a US firm specializing in recycling nonferrous metals. This software is designed to consolidate and streamline logistics operations for recyclers, manufacturers, traders, and akin industries. Freight130 consists of features like unrestricted shipments and users, carrier and mode impartiality, sturdy data protection, freight procurement, bid management, collaboration of team and vendor, and thorough freight expenditure analytics. The platform simplifies shipment scheduling, tendering, and freight purchasing by merging all logistics data into a singular dashboard, thereby enhancing efficiency and cost reductions.

How Is the Freight Management System Market Segmented?
The freight management system market covered in this report is segmented -

1) By Component: Solutions, Services
2) By Deployment Mode: On-Premises, Cloud
3) By Transportation Mode: Rail Freight, Road Freight, Ocean Freight, Air Freight
4) By Functionality: Order Management, Carrier Management, Load Optimization, Cost Management
5) By End-User: Third-Party Logistics, Forwarders, Brokers, Shippers, Carriers

Subsegments:
1) By Solutions: Transportation Management System (TMS), Warehouse Management System (WMS), Freight Audit And Payment, Supply Chain Visibility Solutions, Freight Brokerage Solutions
2) By Services: Professional Services, Managed Services

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Which Companies Are Leading the Charge in Freight Management System Market Innovation?
Major companies operating in the freight management system market are United Parcel Service Inc., DHL International GmbH, FedEx Corporation, DB Schenker Group, accenture* PLC, SAP SE, C.H. Robinson Worldwide Inc., Expeditors International of Washington Inc., Sinotrans Limited, Ryder System Inc., XPO Logistics Inc., Trimble Inc., Infor Global Solutions Inc., Manhattan Associates Inc., Descartes Systems Group Inc., BluJay Solutions, MercuryGate, CEVA Logistics AG, Magaya Corporation, Freightview Inc.

Which Regions Are Leading the Global Freight Management System Market in Revenue?
North America was the largest region in the freight management system market in 2024. The regions covered in the freight management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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