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New report: Freight management system market projected to reach USD 17.45 billion by 2023

Automotive and Transportation Market Research

The report segments the freight management system market comprehensively to provide the closest approximations of the revenue numbers for the overall market and its sub segments across different regions.

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The freight management system market size is expected to grow from USD 10.76 billion in 2018 to USD 17.45 billion by 2023, at a CAGR of 10.1% during the forecast period.

Download Sample Copy of Freight Management System Market; spread across 150 pages, profiling 25 companies and supported with 97 tables and 42 figures is now available at Report at…mple?rname=207296

The key players in the Freight Management System Market include – Descartes (Canada), Oracle (US), Werner Enterprises (US), MercuryGate (US), SAP (Germany), Accenture (Republic of Ireland), JDA Software (US), Ceva Logistics (Spain), UPS (US), DB Schenker (Germany), C.H. Robinson TMC (US), Riege Software (Germany), Retrans (US), BluJay Solutions (UK), McLeod Software (US), FreightView (US), Freight Management (US), Linbis (US), Logisuite (US), DreamOrbit(India) Manhattan Associates (US), Magaya Corporation (US), Kuebix (US), ImageSoft (Australia) 3GTMS (US)

The report segments the Freight Management System market on the basis of type, which includes software &services and on the basis of services, such as managed services and professional services. Under professional services, the report is further segmented into support &maintenance and consulting services, under deployment models, it is segmented into  hosted and on-premises, and under verticals, it includes Banking, Financial Services, & Insurance (BFSI), government, healthcare, retail & e-commerce, manufacturing, energy & utilities, transportation, IT & telecommunications, and others(real estate, travel & hospitality, and research)in the regions of North America, Europe, APAC, Middle East &Africa (MEA), and Latin America.

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Get More Details on Freight Management System Market by Industry @…ying?rname=207296

The freight management system market size is expected to grow from USD 10.76 billion in 2018 to USD 17.45 billion by 2023, at a CAGR of 10.1% during the forecast period. This growth is expected to be fuelled by the business values, such as the need to reduce the transit time, desire for supply chain visibility, higher customer satisfaction, and the low cost of logistics, coupled with the advancements in freight security, safety, and transportation solutions; and rapid growth in communication technologies and IoT.

However, congested trade routes, and cross-border trade risks and environment concerns related to transportation and logistics may restrain the market growth.

Get Freight Management System Market by Solution (Freight Tracking & Monitoring, Cargo Routing & Scheduling, Security, EDI, TMS, Order Management), End-user (3PLs, Forwarders, Brokers, Shippers), Transportation Mode, and Region - Global Forecast to 2023 @…hase?rname=207296

The shippers segment is expected to grow at the highest CAGR during the forecast period. Shippers have realized that immediate responses, quick business decisions, and customer satisfaction are the most important features to expand their businesses, increase revenues, and ensure desired outcomes.

The advancements in freight management solutions and technologies, along with the increasing cost of logistics and unpredictable demand and supply cycles have increased the priorities for logistics in the business strategies of shippers. Many shippers have responded by acquiring or investing in logistics businesses and taking control of their supply chains.

These practices would also help them grow their businesses efficiently and quickly.

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