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Freight Management System Market in APAC Trends 2025 - The e-commerce sector has been stimulating the global industry

Author : Ronak Bora | Published Date : 2019-04-10 

Global Market Insights, Inc. presents an extensive report on freight management system market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities.

The Asia Pacific freight management system market is projected to exhibit a remarkable growth over the forecast period due to the intense growth of the logistics industry with the rapid adoption of e-commerce platforms. The determination of the optimal distribution network is a challenging task, compelling shippers to maintain a balance between service and cost. The rapidly-growing e-commerce industry is driving the demand for efficient freight management software, enabling companies to manage their supply chain.

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Based on the deployment model, the cloud-based freight management system market is expected to exhibit an accelerated growth over the forecast timeline. Cloud-based software gives companies better visibility into orders, shipments, and inventory, supporting omnichannel fulfillment, and promotes a real-time collaboration between various stakeholders. As cloud-based deployments are cost-effective as compared to the on-premise model, the demand for this software is expected to increase.

Another factor accelerating freight management system market growth is the increased adoption of IoT, providing logistics providers with more visibility into inventory and vehicles. The IoT platforms have drastically transformed logistics business operations from raw materials to inbound/outbound transportation. The technology helps to track the real-time location of the freight and receive information on the condition and maintenance of vehicles.

The government authorities in the region are also providing support for the development of the logistics industry by working towards an open-door policy to promote the international trade. For instance, China’s Belt and Road initiative seeks to build a trans-regional international trade logistics network. The network is governed by various policies, and standards for air, land, and maritime connectivity. In June 2018, the Indian government started working to finalize the new logistics plan, which is expected to accelerate the government’s mission to develop a cost-effective method for goods transportation in the freight management system market till 2035.

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Freight Management System Market will experience substantial demand to 2025 led by growing need among logistics service providers to gain operational efficiency and improve warehouse efficiency by reducing the overall lead time. With the globalization of e-commerce, freight companies require efficient freight management software to manage their day-to-day operations and business deals. A freight management system encompasses the technology, knowledge, and human resources to facilitate the coordination between various carriers to ensure that goods are delivered at the right time. 

Some of the major companies in the freight management system market are Oracle, Accenture, Descartes, MercuryGate, Werner Enterprises, SAP, Accenture, Ceva Logistics, UPS, DB Schenker, C.H. Robinson, Retrans, McLeod Software, Riege Software, FreightView, Freight Management, Magaya Corporation, Linbis, Logisuite, Manhattan Associates, ImageSoft, 3GTMS, BluJay Solutions, and JDA Software. The companies operating in the market are forming partnerships to strengthen their existing capabilities and develop new solutions for logistics companies.

Browse Full Report: www.gminsights.com/industry-analysis/freight-management-system-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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