Know the Prominent Factors Behind the robust growth of the Global Freight Management System Market

DELTA, British Columbia - July 6, 2021 - PRLog -- According to MarkNtel Advisors' research report, "Global Freight Management System Market Analysis, 2021," the market is likely to grow at a CAGR of 10.5% in the forecast period of 2021-26. With the growing emergence of modern freight management systems, numerous transport companies are actively looking forward to implementing freight management systems and improving their delivery capabilities.

Key questions answered in the study
1.    What are the current and future trends in the Global Freight Management System Market?
2.    How has the industry been evolving in terms of geography and services adoption?
3.    How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4.    What are the key growth drivers & challenges for the Global Freight Management System Market?
5.    What are the customer orientation, purchase behavior, and expectations from the Global Freight Management System Market service providers across various regions?

Third-Party Logistics (3PLs) to Witness the Fastest Growth
Based on End-Users, the Global Freight Management System Market segments into Third-Party Logistics, Forwarders & Brokers, Shippers & Carrier. Here, the Third-Party Logistics (3PLs) segment is more likely to witness the fastest growth in the freight management system market in the forecast years. It owes to the constant globalization and the growing world trade volumes providing opportunities to logistics service providers. Besides, data analytics is arguably the most prominent opportunity in the generation of freight management transportation.

Operations & Execution to Attain the Largest Share
Based on the Solution, the Global Freight Management System Market segments into Planning (Supplier and Vendor Management, Freight information Management, Inventory Management, Claims Management), Operations and Execution, (Load Optimization, Freight Visibility, Freight Audit & Payment)Others (Transportation Management, etc.)), Control and Supervision (Freight Tracking and Surveillance Solution, Baggage and Cargo Screening System, Shipment Security Monitoring). Among these segments, Operations & Execution is more likely to attain the largest market share in the forecast years due to the increasing demand for information tracking, easy payments & audit of the freight, freight visibility, and managing the transporting goods through the proper software.

According to MarkNtel Advisors, the leading players in the Global Freight Management System Market are JDA Software, Accenture, DB Schenker, SNCF Geodis, CEVA, Hyundai Merchant Marine, Northline, Retalix, Werner, Interactive Freight Systems.

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