Global Freight Management System Market Research Report: By Component {Solution [Planning (Supplier and Vendor Management, Freight Order Management, Revenue Management, Dispatch Management, Claims Management), Execution and Operations (Electronic Data Interchange, Load Optimization, Brokerage Operational Management, Freight Visibility, Freight Audit and Payment, Transportation Management System), Control and Monitoring (Freight Tracking and Monitoring Solution, Cargo Routing and Scheduling Solution, Cargo Security)], Services (Consulting, System Integration and Deployment, Support and Maintenance)}, End-User (Third-Party Logistics, Forwarders, Brokers, Shippers, Carriers), Transportation Mode (Road Freight, Ocean Freight, Air Freight, Rail Freight) and Region (North America, Europe, Asia-Pacific, Middle East, and Africa and South America) - Forecast till 2027

Freight Management System Market Snapshot:
Freight management systems are used by third-party logistics providers, forwarders, brokers, shippers, and carriers. Companies use these systems for streamlining supply chain operations and increasing the efficiency of the shipping process and maintaining security. With the help of software technology, these companies can save on time and cost due to the full visibility offered by a freight management systems. The system allows these companies to book orders, find the best carrier rates, search all transportation modes, manage carriers’ negotiated rates, request and receive spot quotes and track shipments in real time. Today there is a number of freight management systems available in the market that can be deployed on-premise or on the cloud. 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. 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. 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. However, the congested trade routes can act as a restraining factor for this market.

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 Synopsis:
The Global Freight Management System Market has been segmented on the basis of Component, End-User, Transportation Mode, and Region.

• Based on the component, the freight management system market has been segmented into solutions and services. The services segment has been categorized as consulting, system integration and deployment, support, and maintenance. The solution segment has been divided into planning, execution and operations, and control and monitoring. The planning solutions consist of supplier and vendor management, freight order management, revenue management, dispatch management, and claims management. The execution and operations solutions include electronic data interchange, load optimization, brokerage operational management, freight visibility, freight audit and payment, and transportation management system. Additionally, the control and monitoring solutions consist of freight tracking and monitoring solution, cargo routing and scheduling solution, and cargo security.


• Based on end-user, the freight management system market has been segmented into third-party logistics, forwarders, brokers, shippers, and carriers. The demand from freight forwarding companies is growing at an exponential rate and the freight management system is the apt solution to efficiently helps them in their business operations.


• Based on transportation mode, the freight management system market has been segmented into road freight, ocean freight, air freight, and rail freight. The ocean freight segment is expected to register the fastest growth rate.

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:

• In February 2019, Descartes Systems Group completed its acquisition of Management Systems Resources. The acquisition will enhance Descartes’s offerings including freight management systems and transportation management systems. In February 2018, Descartes acquired Aljex, a cloud-based logistics provider, to provide Aljex’s back-office transportation management solutions to freight brokers and transportation providers.

• In November 2018, E2open completed the acquisition of INTTRA, an ocean shipping network, software and information provider. This acquisition will combine the offerings of INTTRA- ocean shipping logistics with the global supply chain and logistics network of E2open.

Key Questions Addressed by the Report

• What was the historic market size (2018)?


• Which segmentation (component/organization size/ vertical) are driving the market?


• What will be the growth rate by 2025?


• Who are the key players in this market?


• What are the strategies adopted by key players?

Report Scope:

Report Attribute/Metric	Details
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.

Frequently Asked Questions (FAQ) :

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