Air Freight Software Market Research Report - Global Forecast till 2027

Air Freight Software Market Research Report: By Type (On-Premise, Cloud-based) and By End-User (Third-Party Logistics, Forwarders, Brokers, Shippers) – Forecast to 2027

ID: MRFR/A&D/7129-HCR | February 2021 | Region: Global | 173 pages         

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Air Freight Software Market Overview


The advancement in technology has proved its worth in recent years. Even in the coming generation, the advancement accelerates with improved and innovative solutions. Technological advancement was observed in the various market sector. Air Freight Software Market is one of the improved software advancements showing its vast advantages in the aviation sector. The officials of the aviation field are even paying attention to the air freight software technology for shipment purposes. Airfreight software is considered an advanced software solution used for real-time control of acceptance of the freight. Due to its improved feature, it accelerates the speed and boosts the performance of cargo management solutions. These factors are fueling up the Air Freight Software Market Growth.


The Air Freight Software Market has a multi-purpose application to provide services to manage the cost-effective shipment. This software helps to auto-book the cargo shipment and even analyzes the price. Due to this advanced application, the Air Freight Software Market Growth is progressing high worldwide. These growth factors have increased the demand for Air Freight Software Market Trends for effective air cargo services. The need for revenue management and other operational activities is boosting the Air Freight Software Market Value. 


Air Freight software maintains the booking details of cargo in a provided dashboard on the flight to monitor the consignment. Therefore, it enables the paperless exchange of data that is more effective and rapid than other forms. This software solution manages the air export shipment from initial quotes to the final booking. The Air Freight Software Market also manages import shipment by seamlessly transmitting import data to the customers. 


The government's support has been propelling the services of the aviation sector in recent years, and it is going to continue with increased investment for more effective services. This has been the major driving factor of the Air Freight Software Market. Due to all these measures, the Air Freight Software Market Value to reach an estimated CAGR of 8.2% during the forecast period.


COVID-19 Analysis


The COVID-19 period has negatively impacted both the aviation sector and the aviation-related market. The aviation sector noticed a huge downfall in the growth graph due to various travel and transportation imposed lockdown guidelines. This factor has also affected the Air Freight Software Market Share, as it belongs to the aviation sector. The shipment of goods and services was halted, and the customers delayed the delivery process. But the Air Freight Software Market Analysis to regain its growth rate during the post-pandemic period and compete at the global level. The air cargo services gradually increase with innovative features. This factor will level up the market and restore the loss it faced during the pandemic. Air Freight Software Market Forecast is expected to reach its USD value within the review period.


Chief Factors Existing In The Market


Key Market Drivers


There are many key drivers of the Air Freight Software Market, which boosts the global market. The rise in need for import and export is one of the key drivers of the Air Freight Software Market Outlook. The increase in the need for supply chain visibility for various trade purposes is lifting the market's growth rate. Another major key driving factor is advancement in communication technology, the requirement of this service in aviation has seen smart airports. The Air Freight Software Market drivers to rise its demand in the coming years.


Market Challenges


The Air Freight Software Market is facing various challenging factors that are trying to limit the market's growth. The pandemic was a challenging situation for the market, but it is trying to overcome it to regain its growth rate. Other challenging factors of the Air Freight Software Market Outlook are operational evolution for small players and cost sensitivity. These challenges are accepted as a matter of concern by the key players to work on it.


Market Opportunities


The Air Freight Software Market is set for widespread opportunities due to its rising demand at the global level. The market is noticing huge opportunities due to its growth and demand for various segments; meanwhile, the cloud segment is responsible for driving the Air Freight Software Market with huge opportunities. 


Restraints


There are some restraining factors of the Air Freight Software Market Share, which is limiting its growth rate. The high delivery costs of goods and the trade risks related to cross-border are the constraints of the market. But the Air Freight Software Market players implant strategies to tackle this factor and let the market progress.


Cumulative Evaluation Of The Market

The Air Freight Software Market Analysis has shown sound growth in recent years, and it will continue its progress due to its rising demand in different regions. The market is fueling up due to the existing drivers boosting the market to reach its estimated valuation. The huge widespread opportunities of the Air Freight Software Market Forecast will show a positive impact, and it will help to emerge across the globe. The key players should look up the growth limiting factors so that they won’t affect the Air Freight Software Market Trends in the future years. The evaluated report states that the market will achieve its CAGR during the evaluation period.


Market Segmentation


The Air Freight Software Market Size is segmented into type and end-user segment.


By Type


The Air Freight Software Market type segment is divided into the on-premise and cloud-based segments. The on-premise segment is installed to run the company’s servers. Due to its vast usage, the Air Freight Software Market noticed steady growth during the forecast period. The cloud-based segments are hosted for the vendor’s server, which can be accessed through a browser. Over the past years, the increased use of these segments will lead the market to achieve the highest CAGR during the forecast period.



By End-User


The Air Freight Software Market Size is classified into third party logistics, forwarders, brokers, and shippers in the end-user segment. Among these, third-party logistics is noticed as the dominating segment because of its widespread usage. The forwarders are considered the highest growing segment due to the increase in usage to reduce the delivery time. The broker segment is registered as the second-largest segment to account highest CAGR during the evaluation period.


Regional Analysis


According to the geographical reports, the Air Freight Software Market is distributed into various regions worldwide, such as North America, Europe, Asia Pacific, and the Rest of the World. Among the above geographical regions, the North American region is considered the leading region in recent years due to prominent players in the region. The large-scale investments of the key players are driving the market of this region. The European Market is expected to register itself as the second-largest region due to increased air traveling and transportation in countries like the UK, Germany, France, and others. Asia Pacific market to register as the fastest-growing region during the evaluation period due to the growth of the e-commerce industry in regions like China and India. Other regions such as the Middle East & Africa, and Latin America are projected to show a steady growth rate in the future years.


Competitive Intensity Within The Industry


The prominent players of the Air Freight Software Market to propel the market's growth at the global level. Their investment for better and improved software solutions for the air cargo services to emerge the Air Freight Software Market across the globe. Below listed are the chief key players of the Air Freight Software Market Forecast.



  • Freight data 2000 (UK)

  • Freightos (Hong Kong)

  • FreightPOP (US)

  • Freightview (US)

  • Hard Core Technology Corp. (US)

  • Infor (India)

  • Magaya (US)

  • Riege Software International GmbH (Germany)

  • Sprocket (India)

  • The Descartes Systems Group Inc. (US)


Recent Market Development



  • According to the recent update, Avianca has completed the implementation of IBS Software's iCargo air cargo management platform for transforming the end-to-end management of its air cargo sales and operation process.

  • Lufthansa Cargo has partnered with IBS Software to digitalize the processes for special products and services. The initiative leverages IBS Software’s latest iPartner Handling solution to extend Lufthansa Cargo’s special checks and standard operating procedures (SoPs) to its extensive global GHA network.


Report Overview


The Air Freight Software Market Analysis report shows its growing significance in recent years. The marketing strategies of key players let the market overcome the limiting factors and emerge at the global level. The key drivers are driving the Air Freight Software Market Value, and new growth opportunities are expected in the coming years. The market segments to propel the growth rate of the global Air Freight Software Market. The regional analysis reports show the statics of the market in various regions. 


Key Industrial Segments


By Type 



  • On-Premise

  • Cloud-based


 By End-User 



  • Third-Party Logistics

  • Forwarders

  • Brokers

  • Shippers



Report Scope:
Report Attribute/Metric Details
  Market Size   2025: Significant Value
  CAGR   8.2% (2018-2025)
  Base Year   2019
  Forecast Period   2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Freightdata 2000 (UK), Freightos (Hong Kong), FreightPOP (US), Freightview (US), Hard Core Technology Corp. (US), Infor (India), Magaya (US), Riege Software International GmbH (Germany), Shiprocket (India), The Descartes Systems Group Inc. (US)
  Key Market Opportunities   Increased supply chain efficiency and visibility
  Key Market Drivers

  • Rise in import and export globally.
  • Increasing need for supply chain visibility.
  • Advancements in communication technologies


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    Frequently Asked Questions (FAQ) :

    The Air Freight Software Market to reach a CAGR of 8.2% during the forecast period.

    The major key players of the Air Freight Software Market are Freightdata 2000 (UK), Freightos (Hong Kong), FreightPOP (US), Freightview (US), Hard Core Technology Corp. (US), Infor (India), Magaya (US), Riege Software International, GmbH (Germany), Shiprocket (India) and The Descartes Systems Group Inc. (US).

    The Air Freight Software Market segments are the type and end-user segment.