Allied Market Research

2024

Freight Digitization Market

Freight Digitization Market Size, Share, Competitive Landscape and Trend Analysis Report by Software, by Service, by End user and by Deployment : Global Opportunity Analysis and Industry Forecast, 2023-2032

AT : Freight & Logistics

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Author's: | Lalit Janardhan Katare
Publish Date:

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Freight Digitization Market Outlook - 2027

Freight digitalization enable tracking real-time data for cargo movement while they are in transit and to be evaluated in real time. With the fast-growing e-commerce industry, the demand for faster delivery and the ability to manage larger number of shipments with minimal errors has made way for digitized supply chain. Digitization helps in making movement of cargos easily with digital process. This will make it conceivable to find the correct position of the cargo and recognize rising specialized defects at the earliest. Moreover, helps in enhancing the unwavering quality and security. On the other hand, block chain can play a pivotal role in achieving transparency at every stage of freight movement.

Freight Digitization Market scope and structure analysis

Report Metric

Details

  Market size available for years

  2021–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

Value (USD)

  Segments covered

  Software, service, deployment, and end user

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

  Companies covered

Syntel Inc., Hexaware Technologies., ABB Ltd., Tech Mahindra Limited., Kintetsu World Express, Inc., Advantech Co. Ltd., Mindtree Ltd. And DigiLogistics Technology Ltd.

COVID-19 SCENARIO ANALYSIS

  • COVID-19 will push the industry closer to a future where digitalization is nearly omnipresent and automation is ingrained.
  • Logistics has adapted to slower trade as the economic windfalls of globalization fade further.
  • Covid-19 pandemic has shut down the transportation of materials and slowed down production, and will restart at only when situation is stable.
  • Waves of the coronavirus will set off fears of a recession an economy of every country and will result in unemployment.
  • Due to COVID-19 pressure is on container lines to logistics managers to eke out efficiencies while still staying competitive and adapting to a new economic landscape.

Top impacting factors: Market scenario analysis, trends, drivers and impact analysis

The significant factors impacting the growth of the freight digitization market are technological advancements in maritime freight landscape and digitalization of sea freight. However, trade wars and global trade relations hamper the growth of the automotive freight digitization market. On the other hand, increase in production and exports and technological advancements will fuel the demand in the freight digitization market.

Technological advancements in maritime freight landscape

Recent developments in the technologically advancing maritime freight landscape reflects a rise in the digital transformation of booking software. Thus, resulting in the growth of the freight digitalization market during the forecast period.

Digitalization of sea freight

Digitization of sea freight booking through automation and cloud-based technologies is showing unprecedented growth in the digital transformation of maritime freight market. Moreover, helps in enhancing the unwavering quality and security. Thus, resulting in the growth of the market during the forecast period.

Key segments covered:

Segments

Sub-segments

  By software

  • Booking
  • Vessel scheduling
  • Loading/unloading

  By service

  • Consulting & training
  • Implementation and integration
  • Operation and maintenance
  • Managed service

  By End user

  • Ports and terminals
  • Maritime freight forwarders

  Deployment

  • Cloud based
  • On-premise

Key benefits of the report:

  • This study presents the analytical depiction of the market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of freight digitization market share.
  • The current market is analyzed from 2020 to 2027 to highlight the freight digitization market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed freight digitization market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the freight digitization market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?

Freight Digitization Market Report Highlights

Aspects Details
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By Software
  • Booking
  • Vessel scheduling
  • Loading/unloading
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By Service
  • Consulting & training
  • Implementation and integration
  • Operation and maintenance
  • Managed service
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By End user
  • Ports and terminals
  • Maritime freight forwarders
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By Deployment
  • Cloud based
  • On-premise
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Kintetsu World Express, Inc., ABB Ltd., Hexaware Technologies., Tech Mahindra Limited., Advantech Co. Ltd., DigiLogistics Technology Ltd., Mindtree Ltd., Syntel Inc.

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Freight Digitization Market

Global Opportunity Analysis and Industry Forecast, 2023-2032