Freight Cost Management Market Analysis & Forecast with 2020

Freight Cost Management: Introduction

A freight cost management system helps optimize supply chain operations, simplify the shipping process, and enhance logistics efficiency. The freight management software enables the shipper to better manage supply chain operations and also helps improve cash flow, which is likely to propel the freight cost management market across the globe.
Introduction to artificial intelligence in transportation service exploring to develop autonomous vehicle for use in commercial as well private transportation, which is likely to boost the freight cost management market across the globe.

Key Drivers of Freight Cost Management Market

Growing international trade and shipping volumes across the globe is anticipated to boost the freight cost management market across the globe. Major players are increasingly looking toward technologies that assist in tracing, securing, and tracking, their in-transit cargo, which is likely to enhance the freight cost management market across the globe. Advancements in technology improve the visibility in inventory management, reduce CAPEX, and minimize supply chain errors by making data available at a click to any consumer. This, in turn, is anticipated to propel the freight cost management market across the globe
Rise in trend toward outsourcing of freight management, which transfers the financial load and capital expenditure and helps find innovative solutions, is likely to boost the freight cost management market across the globe. Rapid expansion of the logistics industry where major freight management system is extensively employed is anticipated to boost the freight cost management market across the globe.

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Europe & North America to hold significant share of global freight cost management market

Europe is projected to account for a major share of the global freight cost management market due to a rise in the demand for freight management system. Europe has presence of key players including DB Schenker and CEVA Logistics who have major facilities that provide freight management solutions for various applications, which is likely to propel the freight cost management market across the Europe.
Followed by Europe, North America is projected to hold a significant share of the global freight cost management market due to an increase in rate of adoption of new technologies in the service market across the region. Presence of leading solutions providers across the North America is anticipated to propel the freight cost management market across North America.

Key Players Operating in Freight Cost Management Market

The freight cost management market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the freight cost management market are:

Alpega Group
AEB
CTSI Global
JDA Software
Accenture
Descartes System Group
SNCF Geodis
DSV
Manhattan Associates
SAP
CEVA Logistics
McLeod Software
3GTMS
Magaya Corporation

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Global Freight Cost Management Market: Research Scope

Global Freight Cost Management Market, by Service

Consulting
System Integration and Deployment
Support and Maintenance

Global Freight Cost Management Market, by End User

Brokers
Shippers
Carriers
Others

Global Freight Cost Management Market, by Size

Small Medium Business
Large Business

Global Freight Cost Management Market, by Application

Automotive
Consumer and Retail
Aerospace & Defense
Pharmaceutical & Healthcare
Others

Global Freight Cost Management Market, by Region

North America

U.S.
Canada

Europe

Germany
France
U.K.
Italy
Spain
Nordic Region
Rest of Europe

Asia Pacific

China
Japan
India
ASEAN
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

GCC
South Africa
Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

North America
Asia Pacific
Europe
Latin America
The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?