The huge economic and demographic growth has inflicted the growth of the freight industry. The increase in the demand and supply has also posed various challenges which have become a major threat to the freight management systems market. The major restraints faced by the freight management systems market are the increase in the operational and maintenance cost, safety and security, cargo thefts, environmental issues, and so on. Hence, in order to face these challenges, the freight companies are adapting various ICT (Information and Communication Technology) solutions to make the system safer, more efficient, more reliable, and more environmentally friendly.
This report speaks about the expected market size for the various freight management solutions involved in the freight operations and technology. It also highlights the revenue potential of the various professional services, system integration services, and support and maintenance services offered by freight solution vendors. It consists of the opportunity analysis of various types of freight management system solutions such as freight operations management systems, freight information systems, security and monitoring systems, cargo and baggage screening systems, and logistics management systems. The report analyzes market sizes and revenue forecasts across different regions such as North America (NA), Asia Pacific (APAC), Europe, Latin America (LA), and Middle East and Africa (MEA).
The freight management system market is expected to grow from $14.3 billion to $39.09 billion with a CAGR of 22.28% from 2014-2019. The report outlines the key trends that will shape and evolution of the freight service industry. The report is segmented into various freight management systems and solutions, services, technology, modes, and regions. The freight management system report analyses global adoption trends, future growth potential, competitive outlook, freight management ecosystem, and the best practices in this market.