Report Id: SNS/A&D/2487 | July 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Air Freight Software Market Size was valued at USD 3.87 billion in 2021 and expected to reach USD 6.48 billion by 2028, and grow at a CAGR of 7.62% over the forecast period 2022-2028.
Rising communication technologies paired with an expanding range of IoT devices. Developing freight visibility arrangements and advancements, managing time-in-transit, advancements in freight security, wellness, and transportation arrangements are also predicted to promote market expansion. Organizations are increasingly turning to innovations that help them track, follow, secure, and control their in-transit freight. Big data analytics appears to be the most promising possibility in freight software. The criteria that determine the success of a freight business are speed, productivity, and consistent quality.
Organizations now generate massive volumes of data, but struggle to maximise the benefits from it as innovation pushes and digitization expands. Massive data analysis can convey accurate information estimation to increase freight operational efficiencies and consumer loyalty at a reasonable cost. The rapid rise of massive information applications has necessitated the development of more recent improvements to improve cost productivity. As a result, these issues must be the driving force behind the development of new analytics platforms and information storage focuses in the freight software market.
Global Import and Export Growth and Technological Advances in Communication
Growing Demand for Supply Chain Visibility
The market's limits are the high delivery costs of goods and the trade risks associated with cross-border trading.
Software for Air Freight Market participants implement measures to address this factor and allow the market to progress.
Cloud Computing and Big Data Analytics
The Use of Blockchain in Air Freight Management
The pandemic was a difficult scenario for the market, but it is working hard to overcome it in order to resume its development rate.
The Air Freight Software Market Outlook is characterized by operational progress for small companies as well as cost sensitivity.
IMPACT OF COVID-19:
The COVID-19 period harmed both the aviation industry and the aviation-related market. Due to different travel and transportation enforced lockdown limitations, the aviation sector saw a significant drop in growth. This aspect has also had an impact on the Air Freight Software Market Share, as it is related to the aviation industry. Shipments of products and services were stalled, and customers delayed delivery. However, the Air Freight Software Market Analysis is expected to resume its growth pace in the post-pandemic period and compete on a worldwide scale. Air freight services are gradually becoming more creative. This element will recoup the market's losses suffered during the pandemic.
Within the research period, the Air Freight Software Market Forecast is predicted to reach its USD value.
The market is divided into four types: web-based, cloud-based, SaaS, on-premises, and mobile-installed. Cloud-based software is hosted on the vendor's server and can be accessed via a web browser; it may be utilised by all stockholders in that supply chain, resulting in the expansion of cloud-based software. On-premises software is typically installed and run on a company's computers and servers, and it is widely utilised by brokers.
The Air Freight Software Market is classified into two types: on-premise and cloud-based. The on-premise section is where the company's servers are installed. Because of its broad use, the Air Freight Software Market increased steadily during the predicted period. The vendor's server, which may be accessed via a browser, hosts the cloud-based parts. The rising use of these sectors in recent years has led to the market achieving the greatest CAGR throughout the projection period.
The market is divided into four applications: rail freight, road freight, ocean freight, and air freight. Rail freight is the use of railroads and trains to convey cargo. Road freight is the physical process of delivering cargo by cars utilising roads, and it is a traditional mode of freight transportation. In general, ocean freight refers to the transportation of products by sea. The transportation of air freight is done through the use of an air carrier.
In the end-user category, the Air Freight Software Market Size is divided into third-party logistics, forwarders, brokers, and shippers. Because of its widespread use, third-party logistics is seen as the dominant segment among them. Because of the increased use of forwarders to minimise delivery time, they are considered the fastest expanding segment. During the evaluation period, the broker segment was the second-largest segment with the highest CAGR.
Freight data 2000, Infor, Magaya, Riege Software International GmbH, Sprocket, The Descartes Systems Group Inc, Freightos, FreightPOP, Freightview, Hard Core Technology Corp.
North America, Europe, Asia Pacific, and the Rest of the World comprise the Global Freight Software Market. Because of the region's significant adoption of freight management software, North America is the largest market with high growth. Because of the widespread implementation of the programme, Asia Pacific is also experiencing growth.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 3.87 Billion|
|Market Size by 2028||US$ 6.48 Billion|
|CAGR||CAGR of 7.62% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (On-Premise, Cloud-based, Web-based, SaaS, Mobile-Installed)
• By End-User (Third-Party Logistics, Forwarders, Brokers, Shippers)
• By Application (Rail Freight, Road Freight, Ocean Freight, Air Freight)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Freight data 2000, Infor, Magaya, Riege Software International GmbH, Sprocket, The Descartes Systems Group Inc, Freightos, FreightPOP, Freightview, Hard Core Technology Corp.|
|DRIVERS||• Global Import and Export Growth and Technological Advances in Communication
• Growing Demand for Supply Chain Visibility
|RESTRAINTS||• The market's limits are the high delivery costs of goods and the trade risks associated with cross-border trading.
• Software for Air Freight Market participants implement measures to address this factor and allow the market to progress.
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Air Freight Software Market, by Type
9.Air Freight Software Market, by End-User
9.1 Third-Party Logistics
10.Air Freight Software Market, by Application
10.1 Rail Freight
10.2 Road Freight
10.3 Ocean Freight
10.4 Air Freight
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12.1 Freight data 2000
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.4 Riege Software International GmbH
12.6 The Descartes Systems Group Inc
12.10 Hard Core Technology Corp.
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.