The new report by Expert Market Research titled, ‘Global Air Freight Software Market Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global air freight software market, assessing the market based on its segments like type, solution, end use, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America.
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 (2018-2028)
• Forecast CAGR (2023-2028 ): 8%
The growth of the global air freight software market is driven in aid with the growth of e-commerce industry. The rising demand for faster delivery options and efficient logistics management solutions are likely to increase the demand for air freight software. Additionally, the rising globalisation and development in air cargo transportation technologies have bolstered the demand for air freight market globally, thereby, aiding the demand for air freight software.
Moreover, factors such as rising government initiatives to increase sustainability, promote paperless documentations and generate revenue through air freights is anticipated the propel the demand and push the market growth over the forecast period.
Industry Definition and Major Segments
The air freight software are advanced technology solutions offering management and automation of freight and goods transportation. This software also aids in real time tracking of cargo, order booking, and custom documentation processing, among others.
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Based on type, the market is classified into:
By solution, the market can be divided into:
• Freight Tracking and Monitoring
• Cargo Routing and Scheduling
• Order Management
• Transportation Management Systems (TMS)
• Electronic Data Interchange
By end-user, the market is segregated into:
• Third-Party Logistics
The regional markets for air freight software include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Regionally, North America is anticipated to dominate the global market for air freight software and hold a significant share. This can be attributed to presence of vast logistic sector with large volume of air freight cargo. Additionally, the presence of key players in the region in the region is further likely to bolster the market growth. Meanwhile, Asia Pacific is projected to witness the fastest growth rate over the forecast period. The rapid development of air logistics services in emerging nations such as India and China, along with rapid industrialisation and urbanisation in the region is likely to increase the demand for air freight software.
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., The Descartes Systems Group Inc, and a few 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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