Written by Elena Anderson » Updated on: November 19th, 2024
IMARC Group’s latest report, titled “Freight Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2028”, the global freight management system market size reached US$ 14.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 27 Billion by 2028, exhibiting a growth rate (CAGR) of 11.20% during 2024-2028.
Freight Management System Trends:
A freight management system refers to a comprehensive software solution designed to facilitate the planning, execution, and monitoring of freight-related activities. It encompasses a range of functionalities such as order management, shipment tracking, carrier selection, freight auditing, and performance analytics. By leveraging technology and automation, an FMS enables businesses to efficiently manage their transportation processes, enhance visibility, and improve overall operational efficiency.
It plays an essential role in the efficient movement of goods and products across various supply chains. It helps businesses make informed decisions regarding carrier selection, route planning, and load optimization, leading to reduced transportation costs and improved customer satisfaction. Additionally, an FMS provides real-time visibility into shipment status, allowing stakeholders to track and monitor freight movements throughout the supply chain.
Request Free Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/freight-management-system-market/requestsample
Who are the key Players Operating in the Industry ? :
• Blue Yonder Group Inc. (Panasonic Holdings Corporation)
• C.H. Robinson Worldwide Inc
• Ceva Logistics (CMA CGM Group)
• DB Schenker (Deutsche Bahn AG)
• e2open LLC (E2open Parent Holdings Inc.)
• Kuehne + Nagel International AG
• McLeod Software
• MercuryGate International Inc
• Oracle Corporation
• SAP SE
• The Descartes Systems Group Inc
• United Parcel Service of America Inc
• Werner Enterprises Inc
What are the Growth Prospects and Trends in the Freight Management System Industry ? :
The expansion of trade networks and the rise in cross-border transportation activities are driving the global market. Moreover, the growing complexity in supply chain operations is catalyzing the market as FMS provides visibility, automation, and optimization capabilities to handle the intricacies of supply chain operations, including multiple vendors, warehouses, and transport routes.
Along with this, rising emphasis on supply chain visibility and transparency is acting as another growth-inducing factor since FMS offers tracking and monitoring features, providing stakeholders with visibility into shipment status, location, and estimated delivery times. Furthermore, continual technological advancements, such as cloud computing, the Internet of Things (IoT), artificial intelligence (AI), and big data analytics, are strengthening the market as these technologies enable real-time data exchange, predictive analytics, intelligent routing, and automation.
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/freight-management-system-market
What is Included in Market Segmentation ? :
Component Insights:
• Solution
o Planning
o Execution and Operations
o Control and Monitoring
• Service
o Consulting
o System Integration and Deployment
o Support and Maintenance
Transportation Mode Insights:
• Rail Freight
• Road Freight
• Ocean Freight
• Air Freight
End User Insights:
• Third-party Logistics
• Forwarders
• Brokers
• Shippers
• Carriers
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2024-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: [email protected]
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
We do not claim ownership of any content, links or images featured on this post unless explicitly stated. If you believe any content or images infringes on your copyright, please contact us immediately for removal ([email protected]). Please note that content published under our account may be sponsored or contributed by guest authors. We assume no responsibility for the accuracy or originality of such content. We hold no responsibilty of content and images published as ours is a publishers platform. Mail us for any query and we will remove that content/image immediately.
Copyright © 2024 IndiBlogHub.com. Hosted on Digital Ocean