The Air Freight Software Market Size was valued at USD 4.16 billion in 2022 and is expected to reach USD 7.49 billion by 2030 with an emerging CAGR of 7.62% over the forecast period 2023-2030.
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.
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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.
MARKET DYNAMICS
KEY 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.
OPPORTUNITY
Cloud Computing and Big Data Analytics
The Use of Blockchain in Air Freight Management
CHALLENGES
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.
By Type
On-Premise
Cloud-based
SaaS
Mobile-Installed
By End-User
Third-Party Logistics
Forwarders
Brokers
Shippers
By Application
Rail Freight
Road Freight
Ocean Freight
Air Freight
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REGIONAL ANALYSIS
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.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The 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
The Major Players are Freight data 2000, Infor, Magaya, Riege Software International GmbH, Sprocket, The Descartes Systems Group Inc, Freightos, FreightPOP, Freightview, Hard Core Technology Corp and Other Players
Freight data 2000-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 4.16 Billion |
| Market Size by 2030 | US$ 6.48 Billion |
| CAGR | CAGR of 7.62% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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. |
The market size for the Air Freight Software Market was valued at USD 4.16 billion in 2022.
High delivery costs of goods and the trade risks associated with cross-border trading are the restraints of the Air Freight Software Market.
The leading players in the Air Freight Software Market include Freight Data 2000, Infor, Magaya, Riege Software International GmbH, Sprocket, The Descartes Systems Group Inc, Freightos, FreightPOP, Freightview, Hard Core Technology Corp.
North American region dominated the Air Freight Software Market.
The expected CAGR of the Air Freight Software Market is 7.62% during the forecast period 2023-2030.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Air Freight Software Market Segmentation, By Type
8.1 On-Premise
8.2 Cloud-based
8.3 Web-based
8.4 SaaS
8.9 Mobile-Installed
9. Air Freight Software Market Segmentation, By End-User
9.1 Third-Party Logistics
9.2 Forwarders
9.3 Brokers
9.4 Shippers
10. Air Freight Software Market Segmentation, By Application
10.1 Rail Freight
10.2 Road Freight
10.3 Ocean Freight
10.4 Air Freight
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Freight data 2000
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Infor
12.3 Magaya
12.4 Riege Software International GmbH
12.5 Sprocket
12.6 The Descartes Systems Group Inc
12.7 Freightos
12.8 FreightPOP
12.9 Freightview
12.10 Hard Core Technology Corp.
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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