The global freight forwarding software market size is anticipated to be worth USD 378.3 million in 2022. As per our research, the market is projected to touch USD 816.5 million by 2030 with a CAGR of 11.6% during the forecast period.

Freight Forwarding Software Market Overview:

Freight Forwarders act as intermediaries in intermodal transportation that provide many benefits such as increased safety and faster delivery of goods. A freight forwarder's duties include tracking inland shipments, warehousing, preparing shipping and export documents, consolidating cargo, reserving cargo space, negotiating freight charges, insurance of cargo and filing insurance claims. Freight forwarding software allows you to manage and control air freight, ground freight, ocean freight, warehousing, transportation, customs, online integration with customer relationship management (CRM), billing and financial accounting anytime, anywhere. Device. Demand for freight forwarding software is increasing in various industries due to implementation of cloud and big data analytics, advent of advanced solutions in cargo security, transportation and safety. For example, in 2021 Softlink Logistic Systems, India's leading logistics software provider, announced the successful deployment of Logi-Sys, an end-to-end cloud freight forwarding software that provides an easy and effective domestic and international freight management system. and export activities. It provides sophisticated capabilities to support freight forwarders by integrating all operations, branches and all stakeholders of the supply chain into a single application. Additionally, advances in communication technology and Internet of Things (IoT) are also fueling the market growth. Additionally, rapidly growing global trade activities and the need to control transit times are key factors driving market growth.

Freight Forwarding Software market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Freight Forwarding Software market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Major Market Segments Covered in Freight Forwarding Software Industry Research:

Market Key Players:
WiseTech, Descartes, Oracle, Werner Enterprises, Mercurygate, SAP, And Others.

By Type:

• Road Forwarding Software
• Ocean Forwarding Software
• Air Forwarding Software,
• Other

By Application:

• Large Enterprises
• SMEs

By Region:

North America is the region observed to lead the market during the forecast period. North America is followed by Asia Pacific. There are several reasons for the growth of the North American freight forwarding market. A major factor contributing to the development of the North American market is increasing technological developments and advancements. Presence of major industry players and heavy investments are another factor fueling market share growth. All of these factors are collectively contributing to the market growth in North America.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

DRIVING FACTORS

The market boomed after the pandemic. The industry is also expected to witness rapid growth during the forecast period. This in turn will increase market growth. In recent years, many factors have contributed to the growth of the industry.

Key players in the market have stepped up to increase investments and funding, especially in the technology and software industries. This in turn has brought many improvements. Large retailers now prefer to use freight forwarding software for benefits such as self-tracking methods, notification of last mile carriers, and more. This has been a major driving force boosting the growth of the industry.

Recently, there has been a great demand for freight forwarding software worldwide. The main reason for this is the prominent role artificial intelligence plays in these software. With the help of artificial intelligence, better versions of these software are now being introduced.

Another recently implemented technology is robotic process automation. It helps in proper data collection. All these developments have increased the freight forwarding software market share. Collectively, all of these act as key factors driving market growth.

RESTRAINING FACTOR

These software are very useful and have several benefits and advantages. However, they also have certain disadvantages and disadvantages. This may act as a major factor restraining market growth. One of the downsides of using this software is the increased dependence of customers and companies on forwarder support. As a result, it becomes difficult for shippers to transport their goods without the help or support of these forwarder helpers. This acts as a deterrent to market growth.

Freight Forwarding Software Market report scope:

Key Takeaways from this Freight Forwarding Software Report

• Estimate Freight Forwarding Software market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Freight Forwarding Software market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Freight Forwarding Software market?

The Freight Forwarding Software Market is growing at a CAGR of 11.6% During Forecast Period.

 What are the key types of Freight Forwarding Software market?

Road Forwarding Software, Ocean Forwarding Software, Air Forwarding Software, Other

What are the key applications of Freight Forwarding Software market?

Large Enterprises, SMEs                                                            

Who are the key players in Freight Forwarding Software market?

WiseTech, Descartes, Oracle, Werner Enterprises, Mercurygate, SAP, And others.