Air Freight Software Market Research Report - Global Forecast till 2027

Global 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

Please note that the assessment period of report has been updated from 2018-2025 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario


Air Freight Software Market is expected to register a CAGR of 8.2% during the forecast period of 2019 to 2025. Airfreight software provides a database of previous and current shipments, schedules, carriers, and costs for stakeholders in the supply chain. Moreover, these paperless software systems can significantly reduce the man-hours spent dealing with bureaucracy, while greatly improving speed and performance.


Market Synopsis


The Global Air Freight Software Market has witnessed high growth in recent years owing to the rise in import and export globally and advancements in communication technologies. Moreover, the increasing need for supply chain visibility is driving the growth of the market. However, the high costs associated with the delivery of goods and cross-border trade risks are expected to hinder market growth to some extent.


Market USP


Increased supply chain efficiency and visibility


Market Drivers



  • Rise in import and export globally: There has been a significant increase in trade globally over the last few years. Moreover, the use of air cargo for the transportation of goods has increased. Thus, the demand for air freight software is expected to increase during the review period.



  • Increasing need for supply chain visibility



  • Advancements in communication technologies


Market Restraints



  • High delivery costs of goods

  • Cross-border trade risks


Segmentation


By Type



  • On-Premise: On-premise software is installed and runs on a company’s computers and servers. The on-premise air freight software is largely used by brokers. The segment is expected to register steady growth during the review period.



  • Cloud-based: Cloud-based air freight software is hosted on the vendor’s servers and accessed through a web browser. Moreover, it can be used by all stakeholders in the supply chain, leading to the increased use of cloud-based software over the last few years. The segment is expected to register a higher CAGR during the forecast period.


By End-User



  • Third-Party Logistics: The segment dominated the global air freight software market in 2018. Organizations use third-party logistics to outsource elements of distribution, fulfillment, and warehousing. The widespread use of air freight software by third-party logistics companies is expected to drive market growth during the forecast period.



  • Forwarders: The segment is expected to register the highest growth rate during the forecast period of 2019 to 2025. Airfreight software allows freight forwarders to manage their entire network from a single coordinated system. Moreover, with the growth of the air freight industry and increasing competition, freight forwarders are looking for ways to reduce delivery time and costs.



  • Brokers: The segment is expected to register the second-highest CAGR during the forecast period as freight software offers efficiency and allows brokers the ability to connect with customers to move more freight and increase potential earnings.



  • Shippers: The segment is expected to exhibit steady growth during the forecast period as the use of air freight software by shippers has been increasing in recent years.


By Region



  • North America: North America led the air freight software market in 2018 and is expected to remain dominant during the review period due to the presence of several air freight software developers such as FreightPOP, Freightview, and Magaya in the region and large-scale investments by them in research and development.



  • Europe: Europe is expected to be the second-largest market during the review period. This is due to the increase in air transportation of goods transportations in the UK, Germany, France, Italy, and Russia.



  • Asia-Pacific: The market in the region is projected to be the fastest-growing during the forecast period. This growth can be attributed to the expanding e-commerce industry in China and India. Moreover, the increasing number of air freight carriers in these countries is expected to drive market growth in the region.



  • Rest of the World: The market in the rest of the world includes the Middle East & Africa and Latin America. The steady growth of the market in these regions can be attributed to the increasing use of aircraft for goods transportation in Brazil, the UAE, and Saudi Arabia.


Key Players



  • 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)



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


  • Frequently Asked Questions (FAQ) :


    Air freight software market can expand at 8.2% CAGR by 2025.

    By 2025, the Air freight software market can rise to considerable valuation.

    Infor (India), Hard Core Technology Corp. (US), and Magaya (US) are some renowned names in the Air freight software market.

    Increased demand for supply chain visibility can promote the air freight software market.

    Risks associated with Cross-border trade can restrains on the Air freight software market expansion.