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Freight Forwarding Software Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
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- Accenture Plc
- AEB
- Descartes Systems Group
- E2open
- Freightos
- FreightPOP
- GoComet
- Infor
- Kale Logistics Solutions
- Logitude World
- Magaya Corporation
- Mercurygate International
- Oracle Corporation
- Ramco Systems
- Reige Software
- SAP SE
- Softlink Global
- Trimble Inc.
- Werner Enterprises
- WiseTech Global
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The Global Freight Forwarding Software Market, worth USD 1.5 billion in 2023, will expand to 10% CAGR throughout 2024-2032, propelled by the expansion of e-commerce and the rising demand for real-time tracking. As e-commerce continues to grow, businesses require more efficient and reliable freight management solutions to handle increased shipment volumes and customer expectations. Real-time tracking has become essential for providing transparency and timely updates, enhancing customer satisfaction. These factors collectively fuel the need for advanced freight forwarding software, which offers improved efficiency, visibility, and management of the logistics process, contributing to market expansion.
The freight forwarding software industry is fragmented based on enterprise size, deployment model application, end-user, industry vertical, and region.
The large enterprises segment upheld 65% share in 2023 and will cross USD 2.1 billion by 2032 due to their extensive and complex logistics operations. These enterprises require sophisticated software solutions to manage vast volumes of shipments, optimize routes, and ensure compliance with global trade regulations. The need for advanced features such as real-time tracking, data integration, and automated processes drives demand for freight forwarding software tailored to large-scale operations. As these organizations seek to enhance efficiency and reduce costs, their sizable investment in such technologies will lead to a dominant market share.
The manufacturing segment accumulated 29% share in 2023, attributed to its extensive and intricate supply chains. Manufacturers rely heavily on efficient logistics to manage the movement of raw materials and finished goods across global networks. Freight forwarding software provides essential capabilities such as route optimization, shipment tracking, and inventory management, which are crucial for streamlining operations and reducing costs. As manufacturers increasingly seek to enhance their logistics efficiency and ensure timely delivery, their significant reliance on advanced freight forwarding solutions will drive this market segment's dominance.
North America freight forwarding software market secured 38% share in 2023, spurred by its robust logistics infrastructure and high adoption of advanced technologies. The region's extensive e-commerce sector, combined with a considerable number of large enterprises requiring sophisticated logistics solutions, drives demand for freight forwarding software. Additionally, the emphasis on real-time tracking and operational efficiency further fuels market growth. As North America continues to lead in technological innovation and logistics efficiency, it remains a key contributor to the freight forwarding software industry.
Table of Content
Chapter 1 Methodology and Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
- 1.3 Forecast model
- 1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definitions
Chapter 2 Executive Summary
- 2.1 Market 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Software providers
- 3.2.2 Freight forwarders and logistics providers
- 3.2.3 Shippers and manufacturers
- 3.2.4 Technology providers
- 3.3 Profit margin analysis
- 3.4 Technology and innovation landscape
- 3.5 Patent analysis
- 3.6 Case studies
- 3.7 Customer analysis
- 3.8 Key news and initiatives
- 3.8.1 Partnership/Collaboration
- 3.8.2 Merger/Acquisition
- 3.8.3 Investment
- 3.8.4 Product launch and innovation
- 3.9 Regulatory landscape
- 3.10 Impact forces
- 3.10.1 Growth drivers
- 3.10.1.1 Increasing demand for real-time shipment tracking and visibility
- 3.10.1.2 Growth in global e-commerce and cross-border trade
- 3.10.1.3 Increasing adoption of cloud-based solutions for scalable and flexible logistics management
- 3.10.1.4 Rising focus on supply chain optimization and cost efficiency
- 3.10.2 Industry pitfalls and challenges
- 3.10.2.1 High implementation costs and complexity for SME
- 3.10.2.2 Challenges in integrating with legacy systems
- 3.11 Growth potential analysis
- 3.12 Porter's analysis
- 3.13 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates and Forecast, By Enterprise Size, 2021-2032 ($Bn)
- 5.1 Key trends
- 5.2 Large enterprises
- 5.3 SME
Chapter 6 Market Estimates and Forecast, By Deployment Model, 2021-2032 ($Bn)
- 6.1 Key trends
- 6.2 On-premises
- 6.3 Cloud
Chapter 7 Market Estimates and Forecast, By Application, 2021-2032 ($Bn)
- 7.1 Key trends
- 7.2 Freight tracking and monitoring
- 7.3 Customs and compliance management
- 7.4 Order management
- 7.5 Transportation management
- 7.6 Warehouse management
- 7.7 Others
Chapter 8 Market Estimates and Forecast, By End-User, 2021-2032 ($Bn)
- 8.1 Key trends
- 8.2 Freight forwarders
- 8.3 Third-party logistics providers (3PLs)
- 8.4 Shippers/Beneficial Cargo Owners (BCOs)
- 8.5 Carriers and shipping lines
- 8.6 Customs brokers
- 8.7 Distributors and wholesalers
Chapter 9 Market Estimates and Forecast, By Industry Vertical, 2021-2032 ($Bn)
- 9.1 Key trends
- 9.2 Manufacturing
- 9.3 Retail and e-commerce
- 9.4 Oil and gas
- 9.5 Healthcare
- 9.6 Automotive
- 9.7 Food and beverage
- 9.8 Others
Chapter 10 Market Estimates and Forecast, By Region, 2021-2032 ($Bn)
- 10.1 Key trends
- 10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
- 10.3.7 Nordics
- 10.3.8 Rest of Europe
- 10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Southeast Asia
- 10.4.7 Rest of Asia Pacific
- 10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
- 10.6 MEA
- 10.6.1 South Africa
- 10.6.2 UAE
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA
Chapter 11 Company Profiles
- 11.1 Accenture Plc
- 11.2 AEB
- 11.3 Descartes Systems Group
- 11.4 E2open
- 11.5 Freightos
- 11.6 FreightPOP
- 11.7 GoComet
- 11.8 Infor
- 11.9 Kale Logistics Solutions
- 11.10 Logitude World
- 11.11 Magaya Corporation
- 11.12 Mercurygate International
- 11.13 Oracle Corporation
- 11.14 Ramco Systems
- 11.15 Reige Software
- 11.16 SAP SE
- 11.17 Softlink Global
- 11.18 Trimble Inc.
- 11.19 Werner Enterprises
- 11.20 WiseTech Global
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