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Freight Transport Management Market Trend 2020 – Covid-19 Impact -Key Leaders Analysis, Segmentation, Growth, Future Trends, Gross Margin, Demands, Emerging Technology by Regional Forecast to 2024 – 360 Market Updates

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Global “Freight Transport Management Market” Report 2020 trend offers Complete examination of industry status and standpoint of significant areas dependent on of central participants, nations, item types, and end enterprises. This report focuses on the Freight Transport Management in Global market, especially in United States, Europe, China, Japan, South Korea, North America, India. Freight Transport Management Market report categorizes the market based on manufacturers, regions, type and application. Freight Transport Management Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data.

Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. Freight Transport Management Market report categorizes the market based on manufacturers, regions, type, and application. Freight Transport Management Market reports offer a detailed assessment of the Freight Transport Management including enabling technologies, current market situation, market assumptions, restraining factors.

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List of Top Key-players in 2020 of Freight Transport Management Market:-

  • JDA Software
  • Manhattan Associates
  • CTSI – Global
  • Accenture PLC
  • Descartes Systems Group
  • DSV A/S
  • High Jump Software
  • CEVA Logistics
  • DB Schenker
  • Geodis

The Global Freight Transport Management market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The global freight transport management market is expected to reach USD 41.63 billion by 2023. The report discusses the solutions deployed in various end-user industries. The regions considered in the scope of the report include North America, Europe, and others. Apart from this, the report also discusses the modes of deployment and focuses on how rising freight transportation, due to increasing international trade, has been affecting the market.

Improved efficiency in the movement of freight is a critical aspect of any country’s economy. The demand for goods and services is increasing, with the increase in population and globalization. This increased demand has paved the way for the current trade market, in which, freight transportation is a critical aspect. Therefore, many shipping companies, to overcome various environmental concerns and security aspects of their operations, are opting for freight transport management solutions. Moreover, on-time delivery is a critical factor to be considered for the success of any logistics industry. This consideration leads to the demand for innovation in the management and transportation of freight, which can be achieved by the adoption of efficient freight transport management solutions.

Inclination of Growth toward Information Technology to Drive the Market

The gradually reducing rates of new technology, combined with an improved awareness among freight operators about the technology’s possible benefits, are expected to boost the freight transportation system to upsurge its use of information technology. The market has already executed cutting-edge technologies, to augment customer service and decrease expenses. These days, freight transport management systems are affecting operational integration, both within and between the organizations. Information technology is making non-integrated transport providers more competitive with integrated ones. Moreover, proper sharing and integration of data will substitute for full-scale control.

This change is expected to upsurge the burden of responsibility on the carriers. Furthermore, information sharing by consignees and shippers will decrease the inventory, if the providers of freight transport management systems are integrated into the information stream.

Cloud Deployment to Witness the Highest Growth

Cloud-based deployment model enables the collection of large volumes of server-storage resources into an integrated solution, while providing backup of the user’s database on the different servers, to guarantee reliability of the data. Cloud models enhance the quality of transportation-related services, with proper maintenance and decision making. The integration of Internet of Things devices has witnessed steady growth in this market, leading to enhanced data collection and communication with back-end systems. Moreover, the cost effectiveness of cloud-based models is further expected to drive the demand for this mode.

North America to Account for the Highest Market Share

With globalization, owing to the growing digitalization and increasing adoption of Internet of Things (IoT) by various industries, the North American freight transport management solution market picked up momentum, especially in the United States.
According to the government figures, in the United States, the transportation system moves more than 54 million metric tons of goods daily, with an estimated value of nearly USD 48 billion. Freight tonnage is expected to increase by 45% by 2040, requiring additional highways, railroads, ports, and pipelines and improvements to multi-modal connections that move freight efficiently. Information communication technology has now become the backbone of every business, confirming business continuity and competition, and it is stimulating enterprises in the United States to invest into various vehicular management solutions, to curb down losses and increase its profit, thereby surging the demand for the regional freight transport management market.

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The global Freight Transport Management market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Highlighted points of Freight Transport Management Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

Key Developments in the Freight Transport Management Market:

  • October 2017 – Kuebix announced a free multi-modal transportation management system (TMS), which is expected to provide solutions, such as unlimited rating, booking, and tracking of less than load (LTL), Truck Load (TL), and parcel freight. Through this move, Kuebix is expected to stimulate the adoption of the transport management system for a company of any size, by offering a free system to engage directly with their carriers.
  • August 2017 – WiseTech Global Limited announced the acquisition of CMS Transport Systems Pty Ltd, a provider of road transport and logistics management systems across Australia and New Zealand.
  • May 2017 – Supply Vision, a TMS software provider, announced the launch of Supply Vision 3.0, the newest iteration cloud-based TMS software. This next-generation TMS technology is the first product introduction since Supply Vision, and Phoenix-based Trans-Soft formed a strategic partnership earlier this year.

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    This Freight Transport Management Market Research/analysis Report Contains Answers to your following Questions

    • Which Manufacturing Technology is Used for Freight Transport Management? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
    • Who Are the Global Key Players in This Freight Transport Management Market? What’s Their Company Profile, Their Product Information, Contact Information?
    • What Was Global Market Status of Freight Transport Management Market? What Was Capacity, Production Value, Cost and PROFIT of Freight Transport Management Market?
    • What Is Current Market Status of Freight Transport Management Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Freight Transport Management Market by Taking Applications and Types in Consideration?
    • What Are Projections of Global Freight Transport Management Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
    • What Is Freight Transport Management Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
    • What Is Economic Impact On Freight Transport Management Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
    • What Are Market Dynamics of Freight Transport Management Market? What Are Challenges and Opportunities?
    • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Freight Transport Management Industry?

    Reasons to Purchase this Report

  • Understanding how the growing demand for on-time delivery affects the market scenario.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • The solution type and end-user that are expected to dominate the market.
  • The regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3 months analyst support along with the Market Estimate sheet (in excel)

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    Finally, the report Global Freight Transport Management Market 2020 describes the Freight Transport Management industry expansion game plan, the Freight Transport Management industry knowledge supply, appendix, analysis findings, and the conclusion.

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