Freight Transportation Management Market Insights By Growth, Emerging Trends And Forecast By 2018-2028
                     The freight transportation management market is projected to grow at a CAGR of 
8.50%, with estimated market size of USD 24.1 billion in 2021 to USD 39.3 billion by 2028. 
The market is anticipated to grow due to several factors, including the unabated expansion of 
the retail and e-commerce sectors, aggressive use of the current transportation management 
systems and the subsequent introduction of innovation, as well as the improvement of 
bilateral trade relations between different countries. The growth of the market in emerging 
industries is anticipated to be fueled by the emergence of information networks with quick 
contacts, quick transaction times, and more reliable shipments. 
Additionally, it is projected that introducing AI-enabled self-driving trucks and the ongoing 
rollout of 5G networks will change the transportation sector and create new market 
opportunities. The market for freight transportation management is also being boosted by the 
growing use of tank wagons for the delivery of different industrial goods, including oil and 
gas, refined petroleum products, chemicals, etc. In addition, the government's increasing 
investments in creating dedicated freight corridors (DFC) and improving the nation's current 
transportation infrastructures are fueling the market. 
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Freight Transportation Management Market Dynamics 
 
Drivers: Rising demand for rail freight transports 
 
Railways are used for the on-land transportation of cargo in rail freight. It carries a wide 
range of cargo, including chemicals, unfinished building materials, agricultural products, 
automobiles, energy (coal, oil, and wind turbines), and forest products. Heavy cargo can be 
moved quickly through the railroads even when it is heavy. Railways have one of the largest 
built-up infrastructures and are one of the most popular modes of transportation. Rail freight 
transportation management is becoming increasingly important as railroads are used for 
transportation more and more. 
 
Restraints: Trade-route-related congestion 
 
Freight and transport service providers have increasing difficulty maintaining reliable 
timetables as traffic volumes and congestion on land and waterways rise. This impacts supply 
chains and truck-dependent industries, and both are becoming more important for public 
coverage and private region operators. Additionally, the transportation systems may face 
several road accidents or oil spills at sea that are unexpected and difficult to manage. Several 
logistics operations have also been halted recently by COVID-19, seriously harming the 
entire supply chain. These factors severely constrain the global market for freight 
transportation management. 
 
Opportunities: Increased use of freight transportation management in roadways 
 
Growing digitalization has caused changes in several industries and given rise to e-
commerce. Due to the rise of e-commerce, cut down on transit times, businesses need to 
create extremely efficient supply chains, and deliver goods to customers immediately. Due to 
this, there is domestic traffic on the roads, and many trucks are used in this traffic. The 
development of road technology is accelerating the growth of the global market for freight 
transportation management. 
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Worth-USD-39-3-Billion-Globally-by-2028-at-8-50-CAGR-Markets-N-Research.html 
The railways' category is estimated to be the largest growth in the freight 
transportation management market during the forecast period 
 
The railways' category dominated the market. It is anticipated that this market will witness 
considerable growth in demand over the next several years. Rail freight transportation has 
benefits over other modes in terms of safety, land utilization, energy consumption, and 
environmental performance. Because of this increased desire, the rail logistics environment 
has become complex and challenging to handle, and businesses need both knowledges of the 
rail cargo industry and information technology solutions. Due to the requirement to automate 
and streamline procedures, various rail freight transportation management systems have 
emerged that are especially suited for small freight trains, intermodal lines, and private 
industrial rails. 
 
Cloud or hosted is estimated to be the largest growing market category during the 
forecast period 
 
Cloud or hosted category is projected to grow the fastest during the forecast period. Due to 
their superior and effective configuration capabilities and distinctive planning and 
optimization advantages, shippers, vendors, and logistics providers are choosing cloud-based 
transportation management systems as the volumes of data continue to grow exponentially. 
The lower licensing and management costs make cloud-based transportation management 
systems cost-effective. These systems can also be accessed remotely and in real-time from 
any location. 
 
The North American segment is estimated to be the largest growing market during the 
forecast period 
 
North America is the largest freight transportation management market and is projected to 
grow at the fastest rate during the forecast period, ascribed to the expansion of the retail 
industry as a result of many businesses switching to the online channel. The United States 
freight transportation industry is continually expanding because of I.T. and cloud computing 
developments. Furthermore, the North American freight transportation management market 
gained traction, particularly in the United States, due to globalization, expanding 
digitalization, and increased adoption of the Internet of Things (IoT) by various businesses. 
One of the most developed marketplaces in the world is the one for road freight 
transportation in North America. 
According to the U.S. Department of Transportation, nearly 70% of the freight movement 
(measured in tonnage) in the country is done by trucks, and that percentage is predicted to 
rise by 45% by 2040. As a result, more roads, railroads, ports, and pipelines will be needed, 
and multimodal connections that move freight effectively will also need to be improved. It is 
anticipated that there will be an increase in demand for freight transportation management in 
the region due to the increased demand for trucking, particularly due to the country's 
booming e-commerce. 
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Key Market Players 
 
The freight transportation management market is dominated by a few global players and 
comprises several regional players. Some key manufacturers operating in the market are 
CTSI-GLOBAL, Oracle, SAP SE, Accenture, Blue Yonder Group, Inc., E2open, GEODIS, 
THE DESCARTES SYSTEMS GROUP INC, Manhattan Associates, Transplace, Softeon, 
GlobalTranz, LLC., Trimble Inc., DSV, Werner Enterprises, TRANSPOREON GmbH, 
Supply Chain Solutions, C.H. Robinson Worldwide, Inc., MercuryGate, among others. 
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