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Allied Market Research

Freight Digitization Market Software (Booking, Vessel Scheduling and Loading/Unloading), Service (Consulting & Training, Implementation & Integration, Operation & Maintenance and Managed Service), Deployment (Cloud Based and On-premise), and End User (• Ports & Terminals and Maritime Freight Forwarders): Global Opportunity Analysis and Industry Forecast, 2021–2027

A11370
Pages: NA
Aug 2021 | 48 Views
 
Author(s) : Sonia Mutreja
Tables: NA
Charts: NA
 

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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?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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