Global Digital Freight Forwarding Market Size, Trends & Growth Opportunity, By Mode of Transport (Land, Sea, Air), By Function (Warehouse Management, Transportation Management), By Region and Forecast till 2027
Report ID : QR1001283 | Industries : Information and Communication Technology | Published On :November 2021 | Page Count : 269Global Digital Freight Forwarding Market
Global Digital Freight Forwarding market was valued at USD 2920 million in 2020 which expected to reach USD 22920 million by 2027 at a CAGR 23.1% from 2020-2027.
Digital freight forwarders use digital tools to facilitate easy communication and receive status information on any shipment in a timely manner. A digital freight forwarder uses a completely transparent system that compares numerous carriers to provide the best rate to customers. It attempts to eliminate paper work by generating, uploading, and distributing all documents on the online platform, allowing all stakeholders convenient access.
Market Drivers
The e-commerce business is expanding at an exponential rate.
The e-commerce industry's exponential expansion over the last decade has been driven by an increase in online buying and an increase in the number of Internet users. Because of the increase in e-commerce activity, logistics providers must function more quickly and efficiently in order to execute small individual requests. Customers who shop online anticipate order accuracy, same-day or same-hour delivery, and free returns. Companies in the e-commerce industry are looking into ways to cut order delivery times and operational expenses. The e-commerce business fuels demand for transparency, affordability, convenience, and speed in delivery, as well as attractive frictionless returns.
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Market Restraints
Poor infrastructure and increased logistics costs.
A sophisticated logistics ecosystem necessitates advanced infrastructure, a well-organized supply chain, and trade facilitation regulations. Without these, logistics enterprises must engage in increasing stock reserves and working capital, which can have a significant impact on national and regional competitiveness due to high financial costs. Furthermore, a lack of infrastructure development in diverse countries impedes logistics by increasing costs and decreasing supply chain reliability.
Impact of COVID-19
The COVID-19 outbreak was devastating for a variety of industries, forcing governments throughout the world to enforce stringent lockdowns and make social distance essential in order to stop the virus's spread, which interrupted the supply chain and halted logistics activities around the world. As a result of the COVID-19 pandemic, countries were forced to temporarily suspend their transportation and logistical operations with one another, which greatly impacted commodity supply and caused a disruption in the supply chain.
Market Segmentation
The Global Digital Freight Forwarding Market is segmented into Mode of Transport, Function, Component and Growing System. By Mode of Transport such as Land, Sea, Air. Further, market is segmented into By Function such as Warehouse Management, Transportation Management
Regional Analysis
Global Digital Freight Forwarding Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America has the largest market share and Due to drivers such as regulatory developments—Compliance, Safety, and Accountability (CSA) and Hours of Service Solution (HOS) revisions—the industry is expected to increase. The retail, utility, and service sectors are the top three fastest growing verticals, which are driving the adoption of Digital Freight Forwarding.
Key Players
Various key players are listed in this report such as Descartes Kontainers, Deutsche Post DHL Group , Flexport, Inc. , Forto GmbH , Icontainers, Kuehne+Nagel International AG, Transporteca, Turvo Inc., Uber Freight LLC
Market Taxonomy
By Mode of Transport
- Land
- Sea
- Air
By Function
- Warehouse Management
- Transportation Management
By Region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Digital Freight Forwarding Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Digital Freight Forwarding Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Digital Freight Forwarding Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Digital Freight Forwarding Market, By Mode of Transport
5.1 Y-o-Y Growth Comparison, By Mode of Transport
5.2 Global Digital Freight Forwarding Market Share Analysis, By Mode of Transport
5.3 Global Digital Freight Forwarding Market Size and Forecast, By Mode of Transport
5.3.1 Land
5.3.2 Sea
5.3.3 Air
6 Global Digital Freight Forwarding Market, By Function
6.1 Y-o-Y Growth Comparison, By Function
6.2 Global Digital Freight Forwarding Market Share Analysis, By Function
6.3 Global Digital Freight Forwarding Market Size and Forecast, By Function
6.3.1 Warehouse Management
6.3.2 Transportation Management
7 Global Digital Freight Forwarding Market, By Vertical
7.1 Y-o-Y Growth Comparison, By Vertical
7.2 Global Digital Freight Forwarding Market Share Analysis, By Vertical
7.3 Global Digital Freight Forwarding Market Size and Forecast, By Vertical
7.3.1 Retail and E Commerce
7.3.2 Manufacturing
7.3.3 Healthcare
7.3.4 Automotive
7.3.5 Others
8 Global Digital Freight Forwarding Market, By Deployment Mode
8.1 Y-O-Y Growth Comparison, By Deployment Mode
8.2 Global Digital Freight Forwarding Market Share Analysis, By Deployment Mode
8.3 Global Digital Freight Forwarding Market Size and Forecast, By Deployment Mode
8.3.1 Cloud
8.3.3 on Premises
9 Global Digital Freight Forwarding Market, By Region
9.1 Global Digital Freight Forwarding Market Share Analysis, By Region
9.2 Global Digital Freight Forwarding Market Share Analysis, By Region
9.3 Global Digital Freight Forwarding Market Size and Forecast, By Region
10 North America Digital Freight Forwarding Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 North America Digital Freight Forwarding Market Share Analysis, By Mode of Transport
10.3 North America Digital Freight Forwarding Market Size and Forecast, By Function
10.4 North America Digital Freight Forwarding Market Size and Forecast, By Vertical
10.5 North America Digital Freight Forwarding Market Size and Forecast, By Deployment Mode
10.6 North America Digital Freight Forwarding Market Size and Forecast, By Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
11 Europe Digital Freight Forwarding Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Europe Digital Freight Forwarding Market Share Analysis, By Mode of Transport
11.3 Europe Digital Freight Forwarding Market Size and Forecast, By Function
11.4 Europe Digital Freight Forwarding Market Size and Forecast, By Vertical
11.5 Europe Digital Freight Forwarding Market Size and Forecast, By Deployment Mode
11.6 Europe Digital Freight Forwarding Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4. Rest of Europe
12 Asia Pacific Digital Freight Forwarding Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Asia Pacific Digital Freight Forwarding Market Share Analysis, By Mode of Transport
12.3 Asia Pacific Digital Freight Forwarding Market Size and Forecast, By Function
12.4 Asia Pacific Digital Freight Forwarding Market Size and Forecast, By Vertical
12.5 Asia Pacific Digital Freight Forwarding Market Size and Forecast, By Deployment Mode
12.6 Asia Pacific Digital Freight Forwarding Market Size and Forecast, By Country
12.6.1 China
12.7.2 Japan
12.8.3 India
12.9.4. Rest of Asia Pacific
13 Latin America Digital Freight Forwarding Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Latin America Digital Freight Forwarding Market Share Analysis, By Mode of Transport
13.3 Latin America Digital Freight Forwarding Market Size and Forecast, By Function
13.4 Latin America Digital Freight Forwarding Market Size and Forecast, By Vertical
13.5 Latin America Digital Freight Forwarding Market Size and Forecast, By Deployment Mode
13.6 Latin America Digital Freight Forwarding Market Size and Forecast, Country
13.7.1. Brazil
13.8.2. Rest of Latin America
14 Middle East Digital Freight Forwarding Market Analysis and Forecast (2021-2027)
14.1 Introduction
14.2 Middle East Digital Freight Forwarding Market Share Analysis, By Mode of Transport
14.3 Middle East Digital Freight Forwarding Market Size and Forecast, By Function
14.4 Middle East Digital Freight Forwarding Market Size and Forecast, By Vertical
14.5 Middle East Digital Freight Forwarding Market Size and Forecast, By Deployment Mode
14.6 Middle East Digital Freight Forwarding Market Size and Forecast, By Country
14.7.1. Saudi Arabia
14.8.2. UAE
14.9.3. Egypt
14.10.4. Kuwait
14.11.5. South Africa
15Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Descartes Kontainers
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
17.2. Deutsche Post DHL Group
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3. Flexport, Inc.
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Forto GmbH
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 Icontainers
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Kuehne+Nagel International AG
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 Transporteca
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 Turvo Inc
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 Uber Freight LLC
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies