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Freight management system is a software solution that is implemented in transport businesses to optimize the efficiency of commercial freight operations. Such software systems automate processes and help in improving company’s communication and productivity. The solution also reduces the load of data entry and helps in eliminating errors. The various features of a freight management include freight tracking system, vehicle maintenance and repairs, pallet tracking, Proof of Delivery (POD) scanning, drivers and subcontractors rating and payments, customer Electronic Data Interchange (EDI) interfacing, consignment entry, consistent auto consignment pricing and comprehensive operational reporting.
 
The freight management system market can be segmented on the basis of solutions, technology, services, transport mode and geography. On the basis of solutions, the market can be segmented into logistics management system, baggage and cargo screening system, freight information system, freight operational management system and security monitoring system. On the basis of technology the market can be segmented into surveillance systems, X-rays, detectors and radiations. On the basis of services, the market can be segmented into support and maintenance services, professional services and system integration. On the basis of transport mode, the market can be segmented into seaways, roadways, railways and airways.
 
With the emergence of advanced modules in freight management systems, many transport companies are looking to implement freight management systems to improve their delivery capabilities. Also, there is rapid increase in the demand of on-time delivery of products and raw materials that encourages the fleet owners to implement an efficient freight management system which allows planning for the current inventory. Implementation of freight management systems also ensures warehouse efficiencies by decreasing time spent working on freight management and investing the same amount of time on warehouse duties. Therefore, there is stiff competition among the vendors to come up with innovative products that can cater to the growing demand. Another factor that is contributing to the growth of this market is rise in global trade. International trade bodies like WTO (World Trade Organization) are encouraging open door policy to promote international trade without any tax barriers. Many business establishments are taking the advantage of the trade incentives and relaxation in regulations to expand their businesses beyond national boundaries. This triggers the demand for freight management system that can update and track freight movements globally and ensure the safe and on-time delivery, thereby contributing to the growth of this market. 
 
However, trade barriers by countries to safeguard domestic businesses, has restricted the market growth. For example, open door policy is not accepted by many countries and such countries impose heavy taxes on foreign goods to protect their local manufacturers. Therefore, to comply with the taxes, the manufacturers of foreign goods and the vendors of freight management systems increase the prices of their products making them unaffordable in the process. In addition, poor transport infrastructure in developing countries like India and China leads to traffic congestion and accidents which are unpredictable in nature. These unpredictable events affect the operational efficiency of freight management system. The other unpredictable events include cargo thefts and climatic conditions like rain and snow. These are the major factors that are adversely affecting the growth of this market.
 
CEVA logistics is one of the leading players in this line of business and has been awarded Silver Supplier Excellence Award by the Association of Aerospace Industries, Singapore (AAIS) in the year 2014, for their excellence in the field of freight management system. Some of the other major players in this market are Agility Public Warehousing Company KSC, United Parcel Service of North America, Inc. and JDA Software Group, Inc. among others. 
 
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 
 
Reasons for Buying this Report
  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

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Freight Management System Market

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