The new report by Expert Market Research titled, ‘Global Air Freight Software Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global air freight software market, assessing the market based on its segments like types, solutions, end-users, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 0%
The increasing application of air freight software in air cargo services, owing to its ability to help in the reduction of costly errors, improve customer service, allow easy access to real-time freight data, and enhance distribution network is driving the market growth. In addition to this, the rapid growth of air-freight business owing to an increase in the number of air parcels is a significant factor supporting the market. Moreover, the increasing focus to automate various operations associated with cargo transportation to ensure the efficient management of freights and goods is expected to provide impetus to the market in the forecast period. Geographically, favourable government initiatives bolstering the international trade are expected to provide lucrative opportunities to the air freight software industry in the coming years.
Industry Definition and Major Segments
Air freight software refers to a software that supports a business by finding the best way to transport or move a freight via an air carrier. Some of the significant features of this software include the detection of loads, reduced paperwork related to the customs, and improved client connectivity.
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On the basis of type, the market can be bifurcated into:
- On-Premise
- Cloud-based
By solution, the market has been classified into:
- Freight Tracking and Monitoring
- Cargo Routing and Scheduling
- Order Management
- Transportation Management Systems (TMS)
- Electronic Data Interchange
The significant end-users included in the market are as follows:
- Third-Party Logistics
- Forwarders
- Brokers
- Shippers
- Others
The regional markets for air freight software include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The key trends in the global air freight software market include the increasing inclination towards utilising advanced cloud-based software in the transportation and logistics sector in order to bolster the supply-chain management for profitable returns. In addition to this, the increasing awareness about reduced need for documentation upon utilising these solutions and a decrease in time and costs associated with the same is anticipated to further support the market for air freight software. Moreover, the rapid expansion of the e-commerce sector, coupled with increasing adoption of smartphones and computers is likely to drive the demand for efficient logistics and delivery services. This, in turn, is expected to augment the market growth in the forecast period.
Key Market Players
The major players in the market are CHAMP Cargosystems S.A., Freightdata 2000 Ltd, Freightos Limited, Infor (US), Inc., Magaya Corporation., Riege Software International GmbH., and The Descartes Systems Group Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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