Digital Freight Brokerage Market: Foray of New Players to Intensify Competition- A Study
Currently, the competition in the relatively new digital freight brokerage market is moderate. However, in the years ahead, the competition will likely intensify on account of the foray of numerous solution providers.
Serving to boost the global digital freight brokerage market is the rising uptake of sophisticated smartphones, improved wireless connectivity, and advantages accorded by digital platforms such as better efficiency and reduced costs. This helps to save time and the brokerage money too.
Being in a nascent state, the growth prospects in the global digital freight brokerage market is high. A research study by Transparency Market Research projects the market to expand at a mind-boggling 61.7% CAGR during the period between 2017 and 2025. Expanding at this pace, it will likely attain a value of US$10,964.3 mn by 2025 from US$144.5 mn.
Obtain Report Details @
Full Utilization of Cargo Space in Trucking Industry Will Propel Road Transport Segment
Depending upon the mode of transportation, the global market for digital freight brokerage can be segmented into roadway, seaway, airway, and railway. Among them, the segment of road transportation is slated to expand considerably in the forecast period and also rake in maximum revenue. This is because of the rising use of digital applications to avoid hefty brokerage fees and desire to utilize unutilized cargo space in trucking industry.
When it comes to industry verticals, the main sections of the global market for digital freight brokerage are automotive, food and beverages, manufacturing, retail and e-commerce, healthcare, and others such as aerospace and defense.
Request Sample @
North America Dominates Global Market due to Presence of Key Players
From a geographical standpoint, North America accounts of maximum revenue share in the global digital freight brokerage market at present. The expansion in the region is being primarily driven by the U.S., which is home to a copious number of players. The high demand in the region is also serving to boost demand. The revenue in the region is slated to become US$4.70 bn by 2025-end.
Europe is another key market which is predicted to rise at 62.6% CAGR to become worth US$3.478 bn by 2025.
Key players in the global market for digital freight brokerage are Echo Global Logistics Inc., Coyote Logistics, Transfix, LLC, Convoy, Cargomatic Inc., Trucker Path Inc., J.B. Hunt Transport, Inc., Cargocentric Inc., Uber Freight and TGMatrix Limited.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
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 Digital Freight Brokerage Market: Foray of New Players to Intensify Competition- A Study here
News-ID: 847704 • Views: 360
More Releases from Transparency Market Research
Wearable EEG Devices Market: Growing incidences of Neurovascular Disorders is Dr …
According to new market research titled 'Wearable EEG Devices Market to 2027 - Global Analysis and Forecasts by Channel and Application.' The global wearable EEG devices market is expected to reach US$ 1,556.35 Mn in 2027 from US$ 745.05 Mn in 2018. The market is projected to grow with a CAGR of 8.7% from 2019-2027. The report provides trends prevailing in the global wearable EEG devices market and the factors
Decentralized Electricity Generation Market - Global Industry Analysis, Share, G …
Global Decentralized Electricity Generation Market: Overview With the increasing installation of smart grids and the rising number of electricity generation resources, the power generation industry has been undergoing a significant change over the recent past. The modification in the grid structure, which permits decentralization of electricity generation, is acting as the main driving force behind the substantial growth of the global market for decentralized electricity generation. The main objective of this research
Global Sucralose Market Outlook In The Developed And Emerging Industry
Sucralose Market Overview Sugar substitute market is witnessing an increasing demand driven by the increasing sales of various sugar substitutes such as natural sweeteners and artificial sweeteners. Sucralose, an artificial sweetener used as a sugar substitute is highly preferred by consumers owing to its zero calorie attribute. Though sucralose is 600 times sweeter than sugar but interestingly it is not identified as the carbohydrate by the human body. Sucralose has its
Flavored Syrup Market - Growth Powered with Latest Development Scenario & Influe …
Flavored Syrup Market Introduction Global syrup market is witnessing a significant demand generated by the food and beverage industry. Consumers' increasing preference for different and personalized flavors in food has driven the syrup manufacturers to produce a wide range of flavored syrups. Flavored syrups contain artificial or natural flavorings mixed along with sugar and water. Obtain Report Details @ https://www.transparencymarketresearch.com/flavored-syrup-market.html Increasing demand of flavored syrups especially among the consumers contributes to the
More Releases for Freight
Ocean Freight Forwarding Market 2018
Global Ocean Freight Forwarding Market provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Ocean Freight Forwarding Market analysis is provided for the international Industry including development trends, competitive landscape analysis, and key regions development status. The report provides key statistics on the market status of the Ocean Freight Forwarding
Market synopsis of Global Freight Transport Management Industry by Major Applica …
Market Aspects of Freight Transport Management Industry: The Global Freight Transport Management Market report provides information about the Global industry, including valuable facts and figures. This research study explores the Global Market in detail such as industry chain structures, raw material suppliers, with manufacturing and production process and so on. This Freight Transport Management Market report is integrated with primary as well as secondary research of the Global industry. The
Global Freight Forwarding Market
This report studies the global Ocean Freight Forwarding market, analyzes and researches the Ocean Freight Forwarding development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like DHL Supply Chain &Globe forwarding Kuehne+Nagei DB Schenker Logistics Sinotrains Panalpina Nippon Express CEVA Logistics Expeditors International USP Supply Chain Solutions SDV DSV Kintetsu World Express Agility Pantos Logistics
A Comprehensive Study exploring Ocean freight and Air freight Market
HTF MI published a new industry research that focuses on Ocean freight and Air freight market and delivers in-depth market analysis and future prospects of Global Ocean freight and Air freight market. The study covers significant data which makes the research document a handy resource for managers, analysts, industry experts and other key people get ready-to-access and self-analyzed study along with graphs and tables to help understand market trends, drivers
Establishing a Climate Sensitive International Freight Sector
At the recent International Chamber of Shipping conference held in London, its chairman, Esben Poulsson highlighted concerning trends that the shipping and maritime sectors need to be aware of. He recognised there are three major challenges for the industry to tackle: maintaining the authority of IMO; addressing the legitimate demand for even greater levels of environmental protection and making policy makers better aware of the industry’s existing achievements. He
Freight forwarder achieves rapid ROI
eseg integrated video security and Ubisense precise real-time location provide improved quality of service to Bursped, a leading German logistics operator in the CargoLine network Hamburg and Cambridge – August 20th 2008 In November 2007 logistics services provider Bursped Speditions GmbH, a long-established Hamburg company and one of Germany's most respected freight forwarding companies, installed an efficient monitoring solution to cover its 13,500 m2 distribution centre. The facility handles