Freight management systems has risen the growth in many enterprises, by offering faster, more efficient, and flexibility for enterprises. Freight management systems is implemented in transport businesses to optimize the efficiency of commercial freight operations. Freight operation information system offers various features such as vehicle maintenance and repairs, freight tracking system, customer Electronic Data Interchange (EDI) interfacing, comprehensive operational reporting and many others.
Freight Management Systems Market: Drivers, Challenges, Segmentation, key players and Regional Overview:
The major driver for Freight management systems is the growth of free trade policy for different countries is increasing the business of imports and export across the globe. Furthermore, the adoption of this software by many transport enterprises to improve their delivery capabilities. There is also rise in the demand of on- time delivery of products and raw materials that boosts the fleet owners to implement an efficient freight management system. In addition to that, another factor for the growth of the Freight management systems market is increase in global trade. In contrast to this, due to high cost associated with freight management solutions and lack of awareness regarding advanced freight management solutions restraining the freight management systems market growth.
Segmentation on the basis solutions: Logistics management system, Baggage and cargo screening system, Freight operational management system, Security monitoring system; Segmentation on the basis technology: Surveillance systems, X- rays, Detectors and radiations; Segmentations on the basis of services: Professional services, Support and maintenance, System integration.
Some of the key players for Freight management systems are Accenture, CEVA Logistics, CTSI – Global, Descartes System Group, DSV, High Jump Software, JDA Software Group, Inc., Manhattan Associates, United Parcel Service of North America, Inc. Freight management systems market is currently dominated by North America region due to increase in adoption of freight management system tool in this region. Asia Pacific Freight management systems Market is expected to have the highest growth rate during the forecast period due to wide adoption of Freight management systems market.
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