Emerging Freight Transport Management Market Trend 2025-2034:

Published 1 month ago• 6 minute read

Freight Transport Management Market Outlook

How Is the Freight Transport Management Market Projected to Grow, and What Is Its Market Size?
In recent years, the market size for freight transport management has seen swift expansion. The market, which is projected to expand from $27.28 billion in 2024 to $30.5 billion in 2025, is anticipated to have a compound annual growth rate (CAGR) of 11.8%. The significant growth in the previous period has been driven by various factors including intensified globalization, surging population, rising demand for goods and services, enhanced government regulations promoting global trade, and an increase in freight transportation.

The market size for freight transport management is anticipated to experience a fast-paced expansion in the upcoming years, with projections estimating it to reach a value of $46.99 billion by 2029, maintaining a compound annual growth rate (CAGR) of 11.4%. This predicted growth during the forecast period can be linked to factors such as trade augmentation, the burgeoning e-commerce sector, the escalating complexity of supply chains, the surge in demand for freight management solutions, and an increase in transport volumes. Notable trends for the forecast period encompass technological progress, a lean towards information technology growth, product innovation, investments in cutting-edge transport management solutions, and strides made in freight transport management systems.

What Is Driving the Growth Trajectory of the Freight Transport Management Market?
The burgeoning e-commerce sector is projected to elevate the advancement of the freight transport management market in the future. The term 'e-commerce industry' encompasses all purchases, selling of products and services, online auctions, digital downloads, and business-to-business transactions carried out over the internet. The growth of this sector is attributed to the widespread reach of the internet, the proliferation of mobile connectivity, consumer behavior inclined towards convenience, and the ongoing progression of online shopping platforms and technologies. The e-commerce sector necessitates efficient freight transport management to ensure timely goods delivery, streamline logistical operations, reduce shipping costs, and uphold customer satisfaction. For example, a report issued by the U.S. Census Bureau, a branch of the United States Department of Commerce, in February 2024 stated that the total e-commerce sales in the US for the year 2023 were about $1,118.7 billion, showcasing a 7.6% surge compared to 2022. In 2023, e-commerce sales made up 15.4% of total sales, a rise from the 14.7% contribution to total sales in the previous year, 2022. Consequently, the burgeoning e-commerce sector is facilitating the expansion of the freight transport management market.

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Who Are the Major Industry Players Fueling Freight Transport Management Market Expansion?
Major companies operating in the freight transport management market are DHL International GmbH, Amazon Web Services Inc., CEVA Logistics, accenture* Plc, IBM Corporation, Oracle Corporation, DSV A/S, SAP SE, Union Pacific Corp., Cleveland-Cliffs Inc., Geodis SA, DB Schenker, Landstar System Inc., Korber AG, Fusion Transport, Universal Logistics Holdings Inc., Transportation Insight LLC, SEKO Logistics Ltd., Covenant, Manhattan Associates inc., Descartes Systems Group Inc., IBS Software, JDA Software Group Inc., CTSI-Global, HighJump Software LLC

Which Key Developments Are Influencing the Freight Transport Management Market?
Leading companies in the field of freight transport management are immersed in the creation of novel software solutions - especially transport management software - to provide customers with more spectacular features. This type of software, known as TMS, is specially developed for logistics and supply chain specialists and can be used to strategize, execute and optimize the movement of goods. For instance, in December 2022, WrxFlo - a supply chain software firm from Ireland - introduced the WrxFlo Transport Management System. The WrxFlo TMS is a program tailor-made for assisting businesses in handling freight transport logistics via land, air, or sea. It's an all-encompassing platform that enables firms to make their transportation operations more effective by managing all related activities in their worldwide supply chains. By using WrxFlo TMS, those responsible for managing freight transportation can plan, execute, and analyze their logistics strategies in real time, leading to significant time savings and cost reductions.

How Is the Segmentation of the Freight Transport Management Market Defined?
The freight transport management market covered in this report is segmented -

1) By Offering: Solution, Services
2) By Deployment: On-Premise, Cloud
3) By Application: Road Freight, Rail Freight, Air Freight, Ocean Freight
4) By End-User: Manufacturing, Retail, Healthcare, Oil And Gas, Food And Beverage, Other End Users

Subsegments:
1) By Solution: Fleet Management Software, Warehouse Management Systems (WMS), Transportation Management Systems (TMS), Supply Chain Visibility Solutions, Route Optimization Solutions, Freight Tracking Solutions, Load Optimization Solutions, Other Solutions
2) By Services: Consulting Services, System Integration Services, Training and Support Services, Managed Services, Maintenance Services, Other Services

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What Is the Leading Region in the Freight Transport Management Market?
North America was the largest region in the freight transport management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the freight transport management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Freight Transport Management Global Market Report?

- Market Size Analysis: Analyze the Freight Transport Management Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Freight Transport Management Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Freight Transport Management Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Freight Transport Management Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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