What Is The Current and Historic Market Size Analysis Of The Freight Transport Management Market?
The freight transport management market has seen considerable growth due to a variety of factors.
• The freight transport management market has experienced rapid growth in recent years. It will increase from $27.28 billion in 2024 to $30.5 billion in 2025, showing a compound annual growth rate (CAGR) of 11.8%.
This growth has been driven by factors like globalization, a growing population, rising demand for goods and services, government policies supporting global trade, and an increase in freight transportation needs.
What are the Market Size and Expected Growth Rates for the Freight Transport Management Market?
The freight transport management market is expected to maintain its strong growth trajectory in upcoming years.
• The freight transport management market is set to grow rapidly, reaching $46.99 billion by 2029 at a CAGR of 11.4%.
Growth will be supported by trade expansion, the rise of e-commerce, more complex supply chains, demand for freight management solutions, and higher transport volumes. Technological advancements, the growing role of information technology, product innovation, investment in advanced transport systems, and improvements in freight transport management will be key trends.
Which Key Drivers Are Propelling The Freight Transport Management Market's Growth?
The growth of the e-commerce industry is expected to stimulate the freight transport management market. E-commerce, which involves online buying and selling, is expanding due to increased internet usage, mobile connectivity, and consumer demand for convenience. Freight transport management plays a key role in optimizing logistics, ensuring timely deliveries, and minimizing costs. According to a February 2024 report from the U.S. Census Bureau, U.S. e-commerce sales reached $1,118.7 billion in 2023, a 7.6% increase from the previous year. This surge in e-commerce is fueling the growth of the freight transport management market.
What Are The Key Segments Within The Global Freight Transport Management Market?
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
Pre-Book The Freight Transport Management Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Shaping The Freight Transport Management Market?
In the freight transport management market, companies are developing transport management software (TMS) to improve logistics. For example, in December 2022, WrxFlo launched the WrxFlo Transport Management System, a platform designed to optimize the management of transportation activities across global supply chains. The system allows companies to streamline their operations and reduce costs by efficiently planning and executing logistics strategies in real-time.
Who Are the Key Players In The Freight Transport Management Market?
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
What Are The Regional Insights Into 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.
