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Scope of report covers freight management system market analysis by component (services and solutions), transportation mode, end-user, & region. Freight management system refers to solutions and technologies involved in movement of freight from consigners to consignees.Increase in trade, need to control time-in-transit, growth in freight visibility solutions & technologies, advancements in freight security, safety, and transportation solutions, and growth in communications technologies and IoT adoption worldwide are expected to be the major factors driving growth of market.
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The global freight management system market has been segmented by component (solutions and services), transportation mode, end-user, and region. The detailed analysis of the regions has been done to provide insights into the potential business opportunities across different regions. In addition to this, product portfolio, recent developments.
The break-up of the profiles of the primary participants has been given below:
• By Company Type: Tier1: (30%), Tier2: (40%), and Tier 3: (30%)
• By Designation: C-Level:(40%), Director Level: (25%),and Manager Level: (35%)
• By Region: North America: (35%), APAC: (30%), Europe: (25%), and RoW: (10%)
APAC region is expected to witness fastest growth rate in freight management system market, due to the region’s nature of rapidly adopting new technologies, making higher investments in digital transformation, and its growing share of freight volumes transported globally. Organizations in the APAC region are adopting the freight management system.
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Freight management system market - solutions and services identified in the study target various stages, such as planning, execution and operation, and control and monitoring. The benefits of the freight management system help businesses reduce their freight transit times and increase visibility and security, thereby resulting in controlled and cost-efficient logistics.
Key Target Audience
• Industries/shippers
• Freight carriers
• Logistics service providers/lead logistics
• Freight forwarders and brokers
• Independent Software Vendors (ISVs)
• Internet of Things (IoT) hardware and software vendors
• Government/regulatory agencies
• Industry associations
The major vendors 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), and 3GTMS (US).
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The freight management system market considers the expenditure on various freight management solutions through transport modes, end-users, verticals, Service-Level Agreements (SLAs), and the 5 major regions.
• The scope of the market includes solutions that help in executing the freight management system. The solutions included are used at various stages of freight life cycles, namely, planning, operations and execution, and control and monitoring.
• The solution segment covers standalone and phase-wise freight management systems software/suite/tools and its related support services (professional and managed services).
• The market also includes transport modes, such as rail freight, road freight, ocean freight, and air freight.
• The freight management system market by end-user includes Third-Party Logistics Providers (3PLs), forwarders, brokers, shippers, and carriers.
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