ID: MRFR/ICT/7243-HCR | February 2023 | Region: Global | 141 Pages
Segmentation | |||||||||||||||||
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Companies Profiled | |
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Key Players | |
Mcleod Software (US) | |
Freightview (US) | |
Freight Management (US) | |
Linbis (US) | |
Logisuite (US) | |
Dreamorbit (India) | |
Descartes (Canada) | |
Oracle Corporation (US) | |
Werner Enterprises (US) | |
MercuryGate (US) | |
SAP (Germany) | |
Accenture (Ireland) | |
JDA Software (US) | |
Ceva Logistics (Spain) | |
UPS (US) |
Market Driving Forces | |
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Drivers | |
The main factors which are driving the market are the growing global trade | |
the need to control the time-in-transit | |
and the growing need for supply chain visibility. |
Vendors operating in this market offer software and services for freight management system management. For instance, Kuebix TMS developed software that can also be deployed on the cloud. Similarly, Descartes Systems Group Inc. has developed a freight management system that can be easily integrated with other transportation management software. The software offered by the company is scalable and can be deployed over the cloud.
The Freight Management System Market is expected to expand at a 9.4% CAGR during the forecast period, to reach USD 18.63 Billion by 2025.
Freight Management System Market Regional Analysis:
Geographically, the global freight management system market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.
North America leads the market in terms of market share in the freight management system market. Some of the factors that are responsible for the growth of the market include continuous investment and focus on freight automation. The presence of a number of software providers in the market such as Mcleod Software, Freightview, Freight Management, Linbis, Logisuite, JDA Software, Descartes, Oracle Corporation, Werner Enterprises, and MercuryGate is another factor that has contributed a significant share in North America freight management system market.
Europe has occupied the second position in the market. For the purpose of this study, Europe has been segmented into the UK, Germany, France, and the rest of Europe. According to MRFR analysis, the UK is expected to gain the highest market share, followed by Germany and France. The freight management system market in this region is expected to grow due to the rapidly increasing global trade and the need to control the time-in-transit.
Freight Management System Market Companies Covered:The Key Players of the Global Freight Management System Market are Mcleod Software (US), Freightview (US), Freight Management (US), Linbis (US), Logisuite (US), Dreamorbit (India), Descartes (Canada), Oracle Corporation (US), Werner Enterprises (US), MercuryGate (US), SAP (Germany), Accenture (Ireland), JDA Software (US), Ceva Logistics (Spain) and UPS (US)
Freight Management System Market Key Developments:
Key Questions Addressed by the Report
Report Attribute/Metric | Details |
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Market Size | USD 18.63 Billion (2025) |
CAGR | 9.4% (2025) |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Data | 2018 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Component, Execution and Operations |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Mcleod Software (US), Freightview (US), Freight Management (US), Linbis (US), Logisuite (US), Dreamorbit (India), Descartes (Canada), Oracle Corporation (US), Werner Enterprises (US), MercuryGate (US), SAP (Germany), Accenture (Ireland), JDA Software (US), Ceva Logistics (Spain) and UPS (US) |
Key Market Opportunities | Green freight improves the real-world energy efficiency and environmental performance of freight systems which is expected to encourage vendors to invest in this opportunity. |
Key Market Drivers | The main factors which are driving the market are the growing global trade, the need to control the time-in-transit, and the growing need for supply chain visibility. |
Europe, North America, Middle East, and Africa, South America as well as Asia Pacific are anticipated to note the market growth in the following years
The services-wise market segments are Support and Maintenance, System Integration and Deployment, Consulting, and others.
The rate at which the global market can progress in the years to come is 9.4%.
The market can reach a valuation of USD 18.63 Billion by 2025.
The significant players in the worldwide market are Accenture (Ireland), Freight Management (US), Linbis (US), MercuryGate (US), Dreamorbit (India), UPS (US), Freightview (US), Werner Enterprises (US), JDA Software (US), Logisuite (US), Descartes (Canada), Ceva Logistics (Spain), SAP (Germany), Mcleod Software (US), Oracle Corporation (US), and others.
The need to control the time-in-transit, and the growing need for supply chain visibility. Also, the adoption of technologies such as cloud computing and big data analytics integrated into the system by vendors is expected to witness a number of market opportunities.
Kuebix TMS developed software that can also be deployed on the cloud. Similarly, Descartes Systems Group Inc. has developed a freight management system that can be easily integrated with other transportation management software.