Freight Cost Management: Introduction

  • A freight cost management system helps optimize supply chain operations, simplify the shipping process, and enhance logistics efficiency. The freight management software enables the shipper to better manage supply chain operations and also helps improve cash flow, which is likely to propel the freight cost management market across the globe.
  • Introduction to artificial intelligence in transportation service exploring to develop autonomous vehicle for use in commercial as well private transportation, which is likely to boost the freight cost management market across the globe.

Key Drivers of Freight Cost Management Market

  • Growing international trade and shipping volumes across the globe is anticipated to boost the freight cost management market across the globe. Major players are increasingly looking toward technologies that assist in tracing, securing, and tracking, their in-transit cargo, which is likely to enhance the freight cost management market across the globe. Advancements in technology improve the visibility in inventory management, reduce CAPEX, and minimize supply chain errors by making data available at a click to any consumer. This, in turn, is anticipated to propel the freight cost management market across the globe
  • Rise in trend toward outsourcing of freight management, which transfers the financial load and capital expenditure and helps find innovative solutions, is likely to boost the freight cost management market across the globe. Rapid expansion of the logistics industry where major freight management system is extensively employed is anticipated to boost the freight cost management market across the globe.

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Europe & North America to hold significant share of global freight cost management market

  • Europe is projected to account for a major share of the global freight cost management market due to a rise in the demand for freight management system. Europe has presence of key players including DB Schenker and CEVA Logistics who have major facilities that provide freight management solutions for various applications, which is likely to propel the freight cost management market across the Europe.
  • Followed by Europe, North America is projected to hold a significant share of the global freight cost management market due to an increase in rate of adoption of new technologies in the service market across the region. Presence of leading solutions providers across the North America is anticipated to propel the freight cost management market across North America.

Key Players Operating in Freight Cost Management Market

The freight cost management market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the freight cost management market are:

  • Alpega Group
  • AEB
  • CTSI Global
  • JDA Software
  • Accenture
  • Descartes System Group
  • SNCF Geodis
  • DSV
  • Manhattan Associates
  • SAP
  • CEVA Logistics
  • McLeod Software
  • 3GTMS
  • Magaya Corporation

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Global Freight Cost Management Market: Research Scope

Global Freight Cost Management Market, by Service

  • Consulting
  • System Integration and Deployment
  • Support and Maintenance

Global Freight Cost Management Market, by End User

  • Brokers
  • Shippers
  • Carriers
  • Others

Global Freight Cost Management Market, by Size

  • Small Medium Business
  • Large Business

Global Freight Cost Management Market, by Application

  • Automotive
  • Consumer and Retail
  • Aerospace & Defense
  • Pharmaceutical & Healthcare
  • Others

Global Freight Cost Management Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Nordic Region
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
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The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

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Freight Cost Management Market