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Report
Freight Management System Market by Component (Solution, Service), Transportation Mode (Rail Freight, Road Freight, Ocean Freight, Air Freight), End User (Third-party Logistics, Forwarders, Brokers, Shippers, Carriers), and Region 2023-2028
Market Report I 2023-07-05 I 142 Pages I IMARC Group
Market Overview:
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 2023-2028. The significant rise in the volume of freight on the global level, the growing popularity of online shopping among the masses, and the incorporation of predictive analytics for demand forecasting, route optimization, and automation represent some of the key factors driving the market.
Freight Management System (FMS) refers to a software application or platform that encompasses planning, execution, and monitoring of the movement of goods from the point of origin to the destination. It is specifically designed to manage and streamline the processes related to freight transportation and logistics. The system consists of various stages, ranging from order processing, carrier selection, documentation generation and management, shipment tracking, to performance evaluation. FMS is a centralized, automated, and digitized platform that facilitates collaboration, data analysis, and reporting by integrating various stages of freight management. As a result, it plays an instrumental role in reducing errors, improving coordination, and enabling data-driven decision-making in the supply chain. In addition to this, FMS is able to seamlessly exchange data with multiple technologies such as ERP, WMS, and TMS to facilitate data-driven decision making. Some of the advantages provided by FMS include higher scalability, better integration capabilities with automated systems, and real-time shipment tracking.
Freight Management System Market Trends:
The global market is primarily driven by the significant rise in the volume of freight being transported across various regions. This can be attributed to the flourishing international trade and rapid globalization. In line with this, the growing popularity of online shopping is leading to an escalating demand for timely and accurate delivery of goods, which in turn is providing an impetus to the market. Moreover, continual technological advancements, such as the Internet of Things (IoT), cloud computing, and artificial intelligence (AI) enabling real-time tracking and visibility of shipments, are fueling the market. Also, the incorporation of predictive analytics for demand forecasting, route optimization, and automation of various logistics processes are creating lucrative opportunities in the market. In addition to this, the increasing complexity in supply chains involving multiple stakeholders, modes of transportation, and global networks requiring end-to-end visibility and control is creating a positive market outlook. The market is further driven by the rising need for compliance with stringent customs regulations, safety standards, and environmental regulations. Apart from this, an enhanced focus on sustainable development and environmental responsibility in logistics operations is further creating a positive market outlook. Some of the other factors contributing to the market include rapid urbanization, rising emphasis on customer satisfaction and experience, and extensive research and development (R&D) activities.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global freight management system market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on component, transportation mode, and end user.
Component Insights:
Solution
Planning
Execution and Operations
Control and Monitoring
Service
Consulting
System Integration and Deployment
Support and Maintenance
The report has provided a detailed breakup and analysis of the freight management system market based on the component. This includes solution (planning, execution and operations, and control and monitoring) and service (consulting, system integration and deployment, and support and maintenance). According to the report, solution represented the largest segment.
Transportation Mode Insights:
Rail Freight
Road Freight
Ocean Freight
Air Freight
The report has provided a detailed breakup and analysis of the freight management system market based on the transportation mode. This includes rail freight, road freight, ocean freight, and air freight. According to the report, road freight represented the largest segment.
End User Insights:
Third-party Logistics
Forwarders
Brokers
Shippers
Carriers
A detailed breakup and analysis of the freight management system market based on the end user has also been provided in the report. This includes third-party logistics, forwarders, brokers, shippers, and carriers. According to the report, third-party logistics accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for freight management system. Some of the factors driving the North America freight management system market included continual technological advancements, considerable rise in online shopping, augmenting demand for swift delivery among the masses, and the presence of several key players.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global freight management system market. Detailed profiles of all major companies have been provided. Some of the companies covered include 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., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
How has the global freight management system market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global freight management system market?
What is the impact of each driver, restraint, and opportunity on the global freight management system market?
What are the key regional markets?
Which countries represent the most attractive freight management system market?
What is the breakup of the market based on the component?
Which is the most attractive component in the freight management system market?
What is the breakup of the market based on the transportation mode?
Which is the most attractive transportation mode in the freight management system market?
What is the breakup of the market based on the end user?
Which is the most attractive end user in the freight management system market?
What is the competitive structure of the global freight management system market?
Who are the key players/companies in the global freight management system market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Freight Management System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Solution
6.1.1 Market Trends
6.1.2 Key Segments
6.1.2.1 Planning
6.1.2.2 Execution and Operations
6.1.2.3 Control and Monitoring
6.1.3 Market Forecast
6.2 Service
6.2.1 Market Trends
6.2.2 Key Segments
6.2.2.1 Consulting
6.2.2.2 System Integration and Deployment
6.2.2.3 Support and Maintenance
6.2.3 Market Forecast
7 Market Breakup by Transportation Mode
7.1 Rail Freight
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Road Freight
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Ocean Freight
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Air Freight
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by End User
8.1 Third-party Logistics
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Forwarders
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Brokers
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Shippers
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Carriers
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
10.1 Overview
10.2 Drivers
10.3 Restraints
10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Blue Yonder Group Inc. (Panasonic Holdings Corporation)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 SWOT Analysis
14.3.2 C.H. Robinson Worldwide Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Ceva Logistics (CMA CGM Group)
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 DB Schenker (Deutsche Bahn AG)
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 e2open LLC (E2open Parent Holdings Inc.)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Kuehne + Nagel International AG
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 McLeod Software
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 MercuryGate International Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Oracle Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 SAP SE
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 The Descartes Systems Group Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.12 United Parcel Service of America Inc.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
14.3.13 Werner Enterprises Inc.
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.13.4 SWOT Analysis
Figure 1: Global: Freight Management System Market: Major Drivers and Challenges
Figure 2: Global: Freight Management System Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Freight Management System Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Freight Management System Market: Breakup by Component (in %), 2022
Figure 5: Global: Freight Management System Market: Breakup by Transportation Mode (in %),2022
Figure 6: Global: Freight Management System Market: Breakup by End User (in %), 2022
Figure 7: Global: Freight Management System Market: Breakup by Region (in %), 2022
Figure 8: Global: Freight Management System (Solution) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Freight Management System (Solution) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Freight Management System (Service) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Freight Management System (Service) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Freight Management System (Rail Freight) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Freight Management System (Rail Freight) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Freight Management System (Road Freight) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Freight Management System (Road Freight) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Freight Management System (Ocean Freight) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Freight Management System (Ocean Freight) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Freight Management System (Air Freight) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Freight Management System (Air Freight) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Freight Management System (Third-party Logistics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Freight Management System (Third-party Logistics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Freight Management System (Forwarders) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Freight Management System (Forwarders) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Freight Management System (Brokers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Freight Management System (Brokers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Freight Management System (Shippers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Freight Management System (Shippers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Freight Management System (Carriers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Freight Management System (Carriers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Freight Management System Market Forecast: Sales Value (in Million US$),2023-2028
Figure 66: Others: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Freight Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Freight Management System Market: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Freight Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Freight Management System Industry: Drivers, Restraints, and Opportunities
Figure 80: Global: Freight Management System Industry: Value Chain Analysis
Figure 81: Global: Freight Management System Industry: Porter's Five Forces Analysis
Table 1: Global: Freight Management System Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Freight Management System Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Freight Management System Market Forecast: Breakup by Transportation Mode (in Million US$), 2023-2028
Table 4: Global: Freight Management System Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Freight Management System Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Freight Management System Market: Competitive Structure
Table 7: Global: Freight Management System Market: Key Players
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