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): 00%
The air freight software industry is driven by the increasing air freight traffic owing to the rapid expansion of the e-commerce industry. In addition, the heightened demand for essential products such as food and beverage, medicines, and vaccines across the countries also contribute to the market growth. Furthermore, the other benefits of air transportation during the import and export of goods and resources include low risk of damage and exceptional storage facilities, which is expected to further add to its popularity. The air freight software helps digitalise the entire cargo transportation network and enables clients to conveniently monitor or track the cargo flow from any place, at any time. These benefits of air freight software are expected to provide a boost to the market growth in the forecast period.
Industry Definition and Major Segments
The air freight software is an advanced freight handling software that utilises technology to offer solutions for the proper management of air freights, while also enabling the complete digitalisation of the cargo transportation network. They help in the efficient real-time tracking of cargo, filling necessary customs documents, and booking orders in one-go.
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The air freight software industry, based on type, is classified into:
On the basis of solution, the market can be divided into:
- Freight Tracking and Monitoring
- Cargo Routing and Scheduling
- Order Management
- Transportation Management Systems (TMS)
- Electronic Data Interchange
Based on end-user, the market is segregated into:
- Third-Party Logistics
The regional markets of air freight software include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The primary driver of the air freight software industry is the improved efficiency of the software as it reduces manual work, which helps to further mitigate the risk of errors. In addition, the air freight software also helps to simplify procedures involved in cargo transportation like filing customs documents and payment, among others, which is estimated to further bolster its demand. Moreover, the technological advancements and the investments made by the leading market players in the research and development of air freight software solutions are anticipated to propel its deployment in the coming years. Also, the government initiatives aimed at environment conservations are leading to the increased deployment of paperless technologies across industries, which is expected to add to the market growth.
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.
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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.