Carrier and rate management solutions allow the users to manage the performance of the carrier and benchmark it against guaranteed delivery commitments. However, measuring delivery performance is complicated, and relying on the carriers can be misleading sometimes as they normally modify their reporting to fit in with their service-level agreements. Thus, with the help of carrier and rate management solutions, each shipment is monitored and tracked against the actual delivery commitment, and reports are printed to verify the performance. Carrier and rate management solutions comprise national, multi-modal transport and manage orders from initiation to delivery. It manages all modes of transport such as air, rail, parcel, express, and carriers with the region specific rates and lane specific rates.
One of the driving factors for the carrier and rate management solutions market is that these solutions provide accurate information that helps the user to take smarter and faster decisions. It also helps to expand communication across transportation management. This is anticipated to boost the market during the forecast period. In addition, the carrier and rate management solutions market offers a platform for maintaining rates from time of initiation to end of the commitment. Carriers, procurement specialists, and transportation managers are able to collaborate on changes of rates and are alerted when the given rates are about to expire. Allowing the carriers to suggest and access changes before implementing it. This solution also helps to integrate tightly with the logistics sourcing solution to provide up-to-date rate information. In addition, carrier and rate management solutions analyses the transportation and logistics marketplace from the viewpoint of a user’s unique shipping profile to enhance the user’s solutions. It administers the full shipment process from management of order, carrier selection, and locating of the carrier to financial settlement and performance reporting. This is projected to boost the growth of carrier and rate management solutions market during the forecast period.
The global carrier and rate management solutions market can be segmented in terms of deployment, mode of transport, enterprise size, and geography. In terms of deployment, the market can be divided into cloud and on-premise. Based on mode of transport, the carrier and rate management solutions market can be divided into road transport, rail transport, ocean transport, and air transport. Based on enterprise size, the carrier and rate management solutions market can be bifurcated into small and medium enterprises and large enterprises. The small and medium enterprises segment is anticipated to rise at a rapid pace during the forecast period.
Based on geography, the global carrier and rate management solutions market can be divided into North America, South America, Asia Pacific, Europe, and Middle East & Africa. The market in North America is projected to expand at a notable pace during the forecast period. Asia Pacific is expected to be a lucrative market for carrier and rate management solutions in the near future, led by the wide client base and rapid digitization in the region. Continuous technological advancements in various sectors, growth in infrastructure development in different countries in Southeast Asia, and increase in foreign investments are estimated to drive the carrier and rate management solutions market in Asia Pacific.
Key players operating in the global carrier and rate management solutions market are focused on providing solutions as per client requirements, for example, implementation of different technologies and upgrade and expansion of the existing systems. The global carrier and rate management solutions market is characterized by presence of several key players. Main vendors compete with each other in terms of price and quality of their products. Major players operating in the global market include The Descartes Systems Group Inc., Amber Road, Inc., CT Logistics, Elemica, and Oracle.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.