November 2019, Air Freight Software Market on the Global Air Freight Software Market.
Air Freight Software Market Forecast
The Global Air Freight Software Market is projected to register a CAGR of 8.2% from 2020 to 2027. Factors such as rapidly growing global trade and the increasing need for supply chain visibility are driving the growth of the market. Furthermore, advancements in communication technologies are aiding market growth.
Airfreight transportation is a fast and effective shipping method, especially for businesses with international customers. However, the primary drawback of air shipping is the high cost, which significantly exceeds ocean freight forwarding. However, an increase in global shipping is expected to result in reduced costs, driving the growth of the air freight software market during the forecast period.
Market USP
Airfreight software offers increased supply chain efficiency and visibility
Growth Opportunities in the Market
- Cloud-based segment accounted for the larger market share in 2018: The cloud-based segment is also expected to register the higher CAGR during the forecast period of 2019 to 2025. Low utilization costs of cloud computing and the enhanced flexibility offered by cloud-based air freight software is expected to drive the growth of the segment.
- Forwarders segment to register the highest growth rate: The forwarders segment is expected to be the fastest-growing during the review period. The increasing use of freight management software by freight forwarders to track deliveries in real-time, improve warehouse efficiency and productivity, and increase supply chain efficiency is driving the growth of the segment.
Key Players
- Freightdata 2000 (UK)
- Freightos (Hong Kong)
- FreightPOP (US)
- Freightview (US)
- Hard Core Technology Corp. (US)
- Infor (India)
- Magaya (US)
- Riege Software International GmbH (Germany)
- Shiprocket (India)
- The Descartes Systems Group Inc. (US)
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Report details
| Base Year | 2019 |
| Companies Covered | 15 |
| Pages | 173 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
