Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on freight management system market provides in-depth
analysis of segments and sub-segments in the global as well as regional freight
management system market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional freight management
system market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecasts, and dollar values of global
freight management system market. According to the report, the global freight
management system market is projected to grow at a CAGR of 10.5% over the
forecast period of 2020-2026.
The freight management system
includes various strategies for increasing the efficiency of freight and
commercial transport. Logistic is a technical term for efficient freight
management, including shipping practices facility, and related activities. A
well-functioning freight transportation management system is an essential
element in any successful economy.
Domestic and international freight
demand continues to grow. The domestic consumption of goods is increasing as
new segments of the population enjoy a more effective income. Internationally, growing
trade and the expansion of economic activities in emerging economies will
significantly augment the flow of goods. This is driving the growth of the
freight management system market. The main benefit that using freight
management systems can bring business that reduces freight costs. These systems
use analytics and optimization and are capable of providing suggestions that
will help to reduce costs without impacting the quality of the service. The use
of information technologies and telecommunications in freight management has
improved the ability to coordinate shipments over long distances, l and thereby
shaping global production systems. Hence, growing communication technologies
and IoT is driving the growth of the fright management system market. However,
freight transport consumes 30-40% of total transportation energy. Heavy diesel
trucks consume about 22% of total roadway fuel and produce high levels of
particulate air pollutants, which are harmful to human health. In addition,
heavy trucks tend to be much noisier than other vehicles. In only Indian cities
like Delhi, freight amounts to 67% of the total PM2.5 emissions from the
transport sector and exhibits 61% of the total SO2 emissions and 62% of the
total NOx emissions from the transportation sector. Moreover, smart freight
transport provides a significant growth opportunity for the market.
The Asia Pacific holds the largest
market share in the freight management system market. The Freight and logistics
industry is growing quickly along with economic development in this region. The
region faces challenges in ensuring that goods move in low emissions and having
a low environmental impact. Environmentally sustainable freight transport is an
issue of substantial importance. Hence, Asian countries are addressing this
issue. In 2014, the Asian Development Bank and Deutsche Gesellschaft für
Internationale Zusammenarbeit organized the first workshop to take best
practices for green freight. It aims to identify companies that are striving to
improve their emission profiles.
The report on global freight
management system market covers segments such as solution, end-user, and
transportation mode. On the basis of solution, the sub-markets include freight
tracking & monitoring, cargo routing & scheduling, security, EDI, TMS,
and order management. On the basis of end-user, the sub-markets include 3PLS,
forwarders, brokers, and shippers. On the basis of transportation mode, the
sub-markets include rail freight, road freight, ocean freight, and air freight.
The report provides profiles of
the companies in the market such as The Descartes Systems Group Inc., Oracle
Corporation, Werner Enterprises, MercuryGate International Inc., SAP SE,
Accenture Plc, JDA Software, Ceva Logistics, Db Schenker, and C.H. Robinson
(TMC).
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of freight management system market. Moreover, the study highlights
current market trends and provides forecast from 2020-2026. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
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