Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for shipping & logistics professionals · Tuesday, December 6, 2022 · 604,997,189 Articles · 3+ Million Readers

[Latest] Freight Transportation Management Market Size Worth USD 39.3 Billion, Globally, by 2028 at 8.50% CAGR | Markets N Research

As per Markets N Research, The freight transportation management market is projected to grow from USD 24.1 billion in 2021 and is projected to reach USD 39.3 billion by 2028; it is expected to grow at a CAGR of 8.50% from 2022 to 2028.

/EIN News/ -- Chicago, Nov. 23, 2022 (GLOBE NEWSWIRE) -- The report "Freight Transportation Management Market by Transportation Mode (Roadways, Railways, Marine, Airways) Offering (Solutions, Services), Deployment Mode (Cloud or Hosted, On-Premise), Organization Size (Large Enterprises, SMEs), Industry (Manufacturing, Retail & E-Commerce, Transportation, Fast Moving Consumer Goods (FMCG), Healthcare, Food & Beverages, Oil & Gas, Energy & Utility, Electronics, Automotive, IT & Telecom, Others) – Global Forecast to 2028" The freight transportation management market is projected to grow from USD 24.1 billion in 2021 and is projected to reach USD 39.3 billion by 2028; it is expected to grow at a CAGR of 8.50% from 2022 to 2028.

The market is expected to expand due to several factors, including the unrelenting growth of the retail and e-commerce industries, aggressive use of the current transportation management systems and the introduction of innovation, as well as the strengthening of bilateral trade relations between various nations. The creation of information networks with quick interactions, quick transaction times, and more reliable shipments is projected to boost the expansion of the freight transportation management market in the rising industries. The advent of AI-enabled, self-driving trucks and the continuous rollout of 5G networks are also anticipated to transform the transportation industry and open up new opportunities for market expansion. Furthermore, the increased use of tank wagons for delivering various industrial goods, such as oil and gas, refined petroleum products, chemicals, etc., is also stimulating the market for freight transportation management.

Request a Sample Copy of the Research Report: https://marketsnresearch.com/sample/1573

Industry Developments:

  • In May 2022, Shipwell, a pioneer in cloud-based shipping and logistics, recently announced a load optimization feature that has been incorporated into the business's transportation management system (TMS). Due to this service, clients see greatly reduced planning and routing times, moving costs, and carbon emissions from carriers conveying their cargo.
  • In February 2019, management systems resources were fully acquired by Descartes systems group. The acquisition will improve Descartes' product offerings, which already include transportation management systems and freight transportation management systems.

Download PDF Brochure: https://marketsnresearch.com/sample/1573

Freight Transportation Management Market Dynamics: Drivers, Restraints, Opportunities

Drivers: Rising demand for rail freight transports
Restraints: Trade-route-related congestion
Opportunities: Increased use of freight transportation management in roadways

Report Highlights:

Report Coverage Details
Forecast Period 2022-2028
Forecast Period 2021 to 2028 CAGR 8.50%
2028 Value Projection 39.3 billion
Base Year 2021
Market Size in 2021 24.1 billion
Historical Data for 2018 - 2021
No. of Pages 188
Segments covered By Transportation mode, By Offering, By Deployment Mode, By Organization Size, By Industry

Enquiry Before Buying @ https://marketsnresearch.com/buying-request/1573

List Of Key Players in Freight Transportation Management Market:

  • CTSI-GLOBAL
  • Oracle
  • SAP SE
  • Accenture
  • Blue Yonder Group Inc.
  • E2open
  • GEODIS
  • THE DESCARTES SYSTEMS GROUP INC
  • Manhattan Associates
  • Transplace
  • Softeon
  • GlobalTranz LLC.
  • Trimble Inc.
  • DSV
  • Werner Enterprises
  • TRANSPOREON GmbH
  • Supply Chain Solutions
  • C.H. Robinson Worldwide Inc.
  • MercuryGate

Market Highlights:

Rising demand for rail freight transports

Railways are used for the on-land transportation of cargo in rail freight. It carries a wide range of cargo, including chemicals, unfinished building materials, agricultural products, automobiles, energy (coal, oil, and wind turbines), and forest products. Heavy cargo can be moved quickly through the railroads even when it is heavy. Railways have one of the largest built-up infrastructures and are one of the most popular modes of transportation.

Browse Summary of this Research Report: https://marketsnresearch.com/report/1573/global-freight-transportation-management-market/

Segmentation of Global Freight Transportation Management Market-


Global Freight Transportation Management Market – By Transportation mode

  • Roadways
  • Railways
  • Marine
  • Airways

Global Freight Transportation Management Market – By Offering

  • Solutions
  • Services

Global Freight Transportation Management Market – By Deployment Mode

  • Cloud or Hosted
  • On-Premise

Global Freight Transportation Management Market – By Organization Size

  • Large Enterprises
  • SMEs

Global Freight Transportation Management Market – By Industry

  • Manufacturing
  • Retail & E-Commerce
  • Transportation
  • Fast Moving Consumer Goods (FMCG)
  • Healthcare
  • Food & Beverages
  • Oil & Gas
  • Energy & Utility
  • Electronics
  • Automotive
  • IT & Telecom
  • Others

The roadways category in the freight transportation management market is expected to be the fastest-growing segment during the forecast period

The roadways category is projected to grow the fastest during the forecast period. Road transportation is seen as versatile and affordable because it allows loading and unloading at any location. In the COVID-19 epidemic, the e-commerce sector's expansion has also pushed companies to improve their road transportation capacities. Several governments' initiatives to improve road transport infrastructure, particularly in emerging economies, drive the demand for logistics via roads.

Manufacturing category of the freight transportation management market to record the highest CAGR from 2022 to 2028

The manufacturing category is expected to account for the highest CAGR of the freight transportation management market from 2022 to 2028. Freight transportation management systems are the ideal answer to effectively assist freight forwarding companies in their commercial operations as their demand increases exponentially. The expansion of manufacturing facilities in developing nations like Mexico and India has raised the need for raw materials, which has increased transportation. For instance, the "Make in India" project of the Indian government strongly promotes indigenous manufacturing and the growth of the domestic manufacturing sector. Such activities encourage the manufacturing segment's growth during the projection period.

Ask For Customization @ https://marketsnresearch.com/customization-request/1573

Regional Insights:

Asia Pacific is anticipated to grow at a significant rate in freight transportation management market share from 2022 to 2028

Asia Pacific is the fastest-growing region in the freight transportation management market. The retail and e-commerce sectors in India, China, Singapore, and Indonesia are expected to grow at an unabated rate during the forecast period, propelling the regional market's expansion. It is also anticipated that the policies and initiatives being developed by different governments throughout Asia-Pacific will contribute to the growth of the regional market by fostering an environment favorable to the creation and application of intelligent transportation systems. Other factors influencing the market's growth include ongoing investment and a focus on freight automation. A large number of software vendors has also significantly contributed to the size of the Asia Pacific freight transportation management market.

Still, Looking for More Information? OR Want Data for Inclusion in Magazines, Case Studies, Research Papers or Media?

Email Directly Here with Detail Information: sales@marketsnresearch.com

About Markets N Research

When it comes to investing and money matters, you need the leading market research consultancy firm to help you make the right decisions during the toughest business questions and decisions. Markets N Research is the leading research company offering both tactical and strategic support to all our customers. Customer satisfaction is our goal and that is why, we have a team of skilled and experienced specialist with the ability to do data mining, information management, and revenue enhancement solutions to ensure that our clients make informed decisions when coming to investing in the market.

Markets N Research team is comprised of well skilled and equipped personnel ready to concur any upcoming challenges in the market sector for both individual people and organization around the world. We know time is money, and therefore we ensure we solve your problem within the shortest time possible to prevent delays or missing any opportunities. We use globally accepted techniques with a little innovation from our staff in solving all your market research related challenges.

Contact Us:
Markets N Research
US: +1-773-649-1529
Email:- sales@marketsnresearch.com
Website: https://marketsnresearch.com/
Follow on Linkedin: https://www.linkedin.com/company/markets-n-research
Follow on Twitter: https://twitter.com/marketsnr
Like us on Facebook: https://www.facebook.com/Markets-N-Research-108839598639025

Browse More Automotive & Transportation Industry Reports @ https://marketsnresearch.com/category/automotive-and-transportation/50

Air Transport MRO Market by Type (Engine, Line, Airframes, Other Components), Service (Heavy Maintenance Inspection, Engine Service Check, Component Maintenance, Line Maintenance, Avionic Standardization, Aircraft Conversions), Application (Civil Air Transport M.R.O., Military Air Transport M.R.O.), Aircraft Type (Narrow Body, Wide Body, Regional Jet, Turbo Prop, Others (piston fixed wing, helicopters, etc.)) and Region - Global Forecast to 2028

Global Electric Vehicle (EV) Market by Components (Battery Cells & Packs, On-Board Charge, Motor, Reducer, Fuel Stack, Power Control Unit, Battery Management System, Fuel Processor, Power Conditioner, Air Compressor, Humidifier), Vehicle Type (Passenger Cars, Commercial Vehicles), Vehicle Class (Low-priced, Mid-priced, Luxury), Top Speed (<125 MPH, >125 MPH), Vehicle Drive Type (Front Wheel Drive, Rear Wheel Drive, All Wheel Drive), Point Type (Normal Charging, Super Charging), Vehicle Connectivity (V2B or V2H, V2G, V2V, V2X), Propulsion (BEV, PHEV, FCEV), End Use (Private, Commercial Fleets), and Region - Global Forecast to 2028

Electric Scooter and Motorcycle Market, By Product (Scooter and Motorcycle); By Battery Type (Sealed Lead Acid, Li-Ion, and NiMH); By Voltage (24V, 36V, 48V, and Greater than 48V) Market - Growth, Future Prospects, Post COVID-19 Scenario 2021 - 2028

Global Electric Vehicle Charging Stations Market - By (Level of Charging: Level 1, Level 2, Level 3(DCFC)), By Connector Type (Type 1 (J-plug), CCS, CHAdeMO, GB/T, and Tesla) Market - Growth, Future Prospects, Post COVID-19 Scenario 2021 - 2028

Global Truck Telematics Market, By Solution (Fleet Tracking and Monitoring, Driver Management, Insurance Telematics, and Others); By Provider Type (OEM and Aftermarket) Market - Growth, Future Prospects, Post COVID-19 Scenario 2020 - 2028



Primary Logo

Powered by EIN News


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release