DUBLIN--(BUSINESS WIRE)--The "Global Freight Management System Market Research Report: Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering.
According to this report the market is likely to grow at a CAGR of around 10.5% in the forecast period of 2021-26.
Companies Mentioned
- JDA Software
- Accenture
- DB Schenker
- SNCF Geodis
- CEVA
- Hyundai Merchant Marine
- Northline
- Retalix
- Werner
- Interactive Freight Systems
It owes prominently to the growing number of MNCs, high investment by multiple market players overseas, and adoption of free trade policy by the governments of different countries. All these aspects are exponentially increasing the volume of imports & exports and booming the demand to have efficient freight management systems globally. Besides, the growing global e-commerce industry is also very likely to propel the overall market growth in the forecast period to guarantee planned inventory management and on-time delivery of products to the ultimate consumers.
Impact of COVID-19
The outbreak of the Covid-19 pandemic hit the Global market adversely, mainly due to the imposition of the "Great Lock-down" phase and movement restrictions. It brought a substantially negative impact on the world economies. Besides, the extending duration of this impact is still undetermined. However, the Global Freight Management System Market is a bit more insulated than other markets. Hence, the pandemic is likely to have a lesser extent, especially in industries like CPG and food & beverage, which have seen an increasing need for Freight Management System applications.
Market Driver
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.
Key Questions Answered in the Market Research Report:
1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Freight Management System Market?
2. What is the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Freight Management System Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Freight Management System Market based on the competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Freight Management System Market study?
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Impact of COVID-19 on Global Freight Management System Market
4. Global Freight Management System Market Regulations & Policy
5. Global Freight Management System Market Trends & Insights
6. Global Freight Management System Market Dynamics
6.1. Drivers
6.2. Challenges
6.3. Impact Analysis
7. Global Freight Management System Market Hotspots & Opportunities
8. Global Freight Management System Market Outlook, 2016-2026F
8.1. Market Size & Analysis
8.2. Market Share & Analysis
9. North America Freight Management System Market Outlook, 2016-2026F
10. The U.S. Freight Management System Market Outlook, 2016-2026F
11. Canada Freight Management System Market Outlook, 2016-2026F
12. Mexico Freight Management System Market Outlook, 2016-2026F
13. South America Freight Management System Market Outlook, 2016-2026F
14. Europe Freight Management System Market Outlook, 2016-2026F
15. Asia-Pacific Freight Management System Market Outlook, 2016-2026F
16. Middle East and Africa Freight Management System Market Outlook, 2016-2026F
17. Global Freight Management System Market Key Strategic Imperatives for Success and Growth
18. Competition Outlook
19. Disclaimer
For more information about this report visit https://www.researchandmarkets.com/r/b6p7r6
