Freight Forwarding Software Market Report, Size 2021: Global Trends, Top Players Updates

A comprehensive overview of the Freight Forwarding Software Market is recently added by UnivDatos Market Insights to its humongous database. The Freight Forwarding Software Market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Freight Forwarding Software Market. The Freight Forwarding Software Market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Freight Forwarding Software Market at the global and regional levels.

The Global Freight Forwarding Software Market is expected to grow at a significant rate by 2027.

Market Overview

The demand for freight forwarding software is rising on account of the implementation of cloud and big data analytics across various industries, the emergence of advanced solutions in cargo security, transportation, and safety. In addition, the advancements in communication technologies and the Internet of things (IoT) are also intensifying market growth. Furthermore, the rapidly increasing global trade activities and the need to control the time-in-transit is the key factor driving the market growth.

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COVID-19 Impact

Due to COVID-19, each industry in the world is affected and its long-term effects are going to influence the growth of the Freight Forwarding Software market in the upcoming period. During the Covid-19 pandemic, the market is experiencing negative growth on the market. Due to the lockdown in many countries and increase in focus on the production of essential products, the volumes of air and ocean freight fell substantially in 2020. However, in the upcoming period, the market is expected to recover, backed by the e-commerce and manufacturing industries, particularly the air freight forwarding market, as reported by the International Air Transport Association (IATA) in January 2021.

Global Freight Forwarding Software Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Type, the market is primarily bifurcated into

• Rail Freight Software
• Road Freight Software
• Ocean Freight Software
• Air Freight Software

The Ocean Freight Software sub-segment dominated the Global Freight Forwarding Software Market and is expected to grow at a noteworthy CAGR by the year 2027.

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By Application, the market is primarily segmented into

• Third-Party Logistics
• Forwarders
• Shippers and Carriers
• Others

Amongst Applications, the Third-Party Logistics segment accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the forecast period 2021-2027.

Freight Forwarding Software Market Geographical Segmentation Includes:

• North America (United States, Canada, Rest of North America)
• Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)
• Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific)
• Rest of the World

North America is dominating the Freight Forwarding Software Market in 2020 and is anticipated to maintain its dominance during the forecast period.

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The major players targeting the market includes

• WiseTech
• Descartes
• Oracle
• Werner Enterprises
• Mercurygate
• SAP
• Accenture
• Jda Software
• Db Schenker
• C.H. Robinson (TMC)

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Freight Forwarding Software Market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the Freight Forwarding Software Market?

• Which factors are influencing the Freight Forwarding Software Market over the forecast period?

• What are the global challenges, threats, and risks in the Freight Forwarding Software Market?

• Which factors are propelling and restraining the Freight Forwarding Software Market?

• What are the demanding global regions of the Freight Forwarding Software Market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

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