According to the new report published by Industry Research Place Global Digital Freight Forwarding Market is valued at USD 3.1 Billion in 2020 and is projected to reach USD XX Billion by 2026 with the CAGR of 24.87 % over the forecast period.
This report analyses the global market for Digital Freight Forwarding . The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to give complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments, regions are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market.
Digital freight forwarders use digital tools to facilitate smooth communication and receive status updates on any shipment in a timely manner. A digital freight forwarder uses a completely transparent system that compares various shippers to provide the best deal to customers. It aims to reduce paper work by generating, uploading, and sharing all documents on the web platform, allowing all stakeholders easy access.
The dynamic market conditions and improvement in the global economy are the primary drivers of the logistics industry's growth. Furthermore, as a result of rapid globalisation, various trade-related activities are increasing significantly. As a result, manufacturers and retailers are finding it difficult to keep track of supply chain activities in an efficient manner. During the forecast period, this factor is expected to drive the growth of the digital freight forwarding market. Digital freight forwarding services are becoming more advantageous for cost-conscious customers looking for a wide range of high-quality products with shorter delivery timelines. Thus, the rise in trading activity as a result of globalisation is driving up demand for digital freight forwarding services. The signing of free trade agreements facilitates better trade between two parties and leads to an increase in import–export activities, which benefits the entire logistics ecosystem's development. Tariff reduction or elimination, intellectual property protection, and fair treatment of investors are just a few of the many benefits of free trade agreements.
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Major Players of the Digital Freight Forwarding Market
1. Flexport
2. Twill
3. FreightHub
4. Fleet
5. InstaFreight
6. Transporteca
7. Kontainers
8. KN Freight Net
9. Turvo
10. iContainers
11. DHL Group
12. Kuehne + Nagel International AG
13. Agility Logistics Pvt. Ltd
14. Others
Global Digital Freight Forwarding Market COVID-19 impact Analysis
This report highlights the impact of the Covid-19 pandemic on Global Digital Freight Forwarding Market. By combining data from a range of industry sources, as well as predictive modeling and market trend analysis, we provide an evidence-based set of projections that will allow organizations to plan their strategies more effectively. The report gives in depth analysis of short term and long term impacts of epidemic on the industry.
The COVID 19 impact assessment of Global Digital Freight Forwarding Market is divided into following sections:
Section1: Pre Lockdown
This part of the report looks at how market changed throughout early 2020, as the spread of COVID-19 intensified on different geographies.
Section2: During Lockdown
This part of the report collects data across the sector to know how people have responded to lockdown. It analyses the impact of the epidemic on the workforce in the industry and disruption in various regions and countries
Section3: Post Lockdown
This part of the report project what sector recovery could look like and summarizes ways in which the business landscape could shift.
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Market Segmentation
• Transport
o Land
o Sea
o Air
• Function
o Warehouse Management
o Transportation Management
• Vertical
o Retail and E Commerce
o Manufacturing
o Healthcare
o Automotive
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Report Coverage
• An overview of the Global Digital Freight Forwarding Market
• In depth analysis of market dynamics and major factors such as drivers, restraints, opportunities and trends influencing the global market
• Global Digital Freight Forwarding Market revenue data historic and forecast analysis (2015 to 2026)
• Characterization and quantification of the market segments for Digital Freight Forwarding Market
• Market share analysis of key market participants and their competitive landscape
Important Questions Answered by Global Digital Freight Forwarding Market Report
• What is the impact of COVID 19 epidemic on the Global Digital Freight Forwarding Market?
• Which is mostly affected region, country?
• Which is the current largest and fastest-growing region?
• What is the market size and growth rate of the Global Digital Freight Forwarding Market?
• What are current factors affecting the growth of market?
• What are Key trends and opportunity areas?
• Within Digital Freight Forwarding Market, which segments are fastest growing & emerging strongly? What are the drivers and restraints for each segment? What are vendor competencies by segment?
• What are the major strategies adopted by leading market companies?
• What are company challenges and essential success factors by market segment?
• How company offerings and supply chain capabilities are shifting to meet emerging market needs?
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