Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Freight Management System Market, The Global Freight Management System Market is projected to grow at a CAGR of around 10.5% during the forecast period, i.e., 2021-26. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Freight Management System Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

• Forecast Period: 2021-2026
• CAGR (2021-2026): 10.5%

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Global Freight Management System Market Segmentation Breakdown:

The Freight Management System Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

By Component Type    

• Solution
  • Planning
    • Supplier and Vendor Management
    • Freight information Management
    • Inventory Management
    • Dispatch 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
  • Services
    • Consulting
    • System Integration & Deployment
    • Support & Maintenance

By Deployment Type

• On-Premise
• Cloud

By Application

• Roadways
• Railways
• Seaways
• Airways

By End Users

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

Geographical Growth Insights:

By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

MarkNtel Advisors Highlights Key Market Drivers for Freight Management System Market:

Multiple companies are increasingly inclining toward technologies that help trace, track, secure, and control the in-transit cargo. Visibility is increasingly playing a vital role in supply chain and logistics strategies, be it inbound logistics or outbound. It is likely to be achieved using specific identification numbers describing the nature of products. It helps improve inventory management and reduces CAPEX while minimizing supply chain errors. Moreover, it makes the data available at a click to any stakeholder and overcomes the limitation of most enterprise resource planners struggling to ingest external organizational information.

Furthermore, it also provides an inside view of the organization. Hence, the Visibility of the Freight Management System is likely to drive the global market in the forecast period and unify the organizational supply chain information to support concurrent planning while building lucrative opportunities in the forecast period.

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A Comprehensive Analysis of Leading Companies in Global Freight Management System Market

• JDA Software
• Accenture
• DB Schenker
• SNCF Geodis
• CEVA
• Hyundai Merchant Marine
• Northline
• Retalix
• Werner
• Interactive Freight Systems

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About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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