|
Home > Software News:
|
Watch News Feed
Bestsellers Software
|
(I-SoftwareNews.Com, April 22, 2024 ) According to the latest analysis by Virtue Market Research, the 2023, the Global Digital Freight Shipping Market was valued at $4.07 Billion, and is projected to reach a market size of $19.97 Billion by 2030. Over the forecast period of 2024-2030, market is projected to grow at a CAGR of 6.85%.
Get Free Sample Report @ https://virtuemarketresearch.com/report/digital-freight-shipping-market/request-sample
The global digital freight shipping market is experiencing significant growth, driven by various factors shaping the industry's landscape. One long-term market driver is the increasing demand for efficient and transparent freight shipping solutions. Businesses worldwide are seeking ways to optimize their supply chain operations and reduce costs, leading to a growing adoption of digital freight shipping platforms. However, the market has faced challenges due to the COVID-19 pandemic, which disrupted global trade and supply chains. The pandemic led to fluctuations in demand and capacity, as well as logistical challenges, impacting the digital freight shipping market. Despite these challenges, the market is expected to rebound as businesses continue to prioritize digitalization and efficiency in their logistics operations.
In the short term, one key driver for the digital freight shipping market is the rise of e-commerce and online shopping. The shift towards online retail has led to an increased demand for fast and reliable shipping services, driving the adoption of digital freight shipping solutions. This presents an opportunity for companies in the industry to capitalize on the growing e-commerce market and expand their customer base. Additionally, a trend observed in the industry is the adoption of blockchain technology for supply chain visibility and transparency. Blockchain enables secure and transparent transactions, allowing stakeholders to track shipments in real-time and verify their authenticity. This trend is expected to drive market growth as businesses seek to enhance visibility and traceability in their supply chains.
Read More @ https://virtuemarketresearch.com/report/digital-freight-shipping-market
Segmentation Analysis:
The global Digital Freight Shipping Market segmentation includes:
By Deployment Mode: Cloud, On-Premises.
The cloud segment is projected to be the most lucrative, driven by major companies promoting technological advancement in the freight management market.
The on-premises segment is expected to rise shortly, as advancements in technology in the freight management market continue to drive growth.
By Transportation Mode: Sea, Air, Land.
The sea transportation mode is predicted to have the highest market share, as the bulk of global trade occurs overseas and in oceans.
The air transportation mode is expected to grow rapidly, driven by the rising demand for quick delivery due to increasing global e-commerce.
By End User: Retail and E-Commerce, Manufacturing, Healthcare, Automotive, Others.
The retail and e-commerce sector is expected to be the largest end user, as logistics services are crucial for handling and managing supply chains in the e-commerce sector
The healthcare sector is expected to grow rapidly, driven by the increasing complexity of international trading and the need for improved connection along sea, rail, and road networks for high logistics performance.
Customize This Report According to Your Needs – https://virtuemarketresearch.com/report/digital-freight-shipping-market/customization
Regional Analysis:
North America is expected to dominate the market, with the freight transportation industry resurfacing with a renewed sense of purpose and optimism driven by digitalization
Asia-Pacific is expected to grow rapidly, fueled by rising awareness of warehouse automation, increased emphasis on robots and automation in countries like China and Japan, and the booming e-commerce industry.
Latest Industry Developments:
1. Investing in Technology: Companies in the digital freight shipping market are increasingly investing in technology to enhance their market share. This includes the adoption of advanced tracking systems, digital platforms for freight management, and automation of logistics processes. Recent developments in artificial intelligence, machine learning, and blockchain are being leveraged to improve efficiency, reduce costs, and offer innovative solutions to customers.
2. Collaborations and Partnerships: Collaboration and partnerships are key strategies being adopted by companies to enhance their market share. By collaborating with other players in the industry, companies can expand their service offerings, reach new markets, and leverage each other's strengths. Recent examples include collaborations between logistics companies and technology firms to develop integrated solutions, as well as partnerships between e-commerce platforms and logistics providers to streamline delivery processes.
3. Focus on Sustainability: Sustainability is emerging as a key trend in the digital freight shipping market, with companies increasingly focusing on reducing their carbon footprint and adopting environmentally friendly practices. This includes the use of alternative fuels, electric vehicles, and optimized routing to minimize emissions. Companies that prioritize sustainability are not only meeting regulatory requirements but also appealing to environmentally conscious customers, thereby enhancing their market share.
About Us:
Virtue Market Research is a strategic management firm helping companies to tackle most of their strategic issues and make informed decisions for their future growth. We offer syndicated reports and consulting services. Our reports are designed to provide insights on the constant flux in the global demand-supply gap of markets.
Virtue Market Research
Megha
+1-917 436 1025
megha@virtuemarketresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
|
|
|
|
|
I-SoftwareNews.Com Sponsors
|
|
|
|
|
