Freight Management Software Market Report 2025 (Global Edition)

Global Freight Management Software Market Report 2025 Market Size Split by Solution (Freight Tracking and Monitoring, Cargo Routing and Scheduling, Security, EDI, TMS, Order Management), by Services (...

Freight Management Software Market Report Description

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Freight Management Software Market Insights Video

Competitive Landscape of the Freight Management Software Market

The market's competitive environment is defined by the existence of a diverse range of competitors, including established brands, rising startups, and specialist manufacturers. Leading organizations are now investing considerably in R&D to enhance their freight management systems continually. They are working on improving features like real-time tracking, analytics, and automation in order to deliver greater value to their clients. Furthermore, significant firms are creating strategic alliances and collaborations with other technology providers, logistics organizations, and transportation carriers. Furthermore, several firms are increasing their presence in overseas markets to improve their positions. This includes creating offices, data centers, and support networks in strategic locations to better service worldwide clients.

June 2023: Redwood Logistics and FreightWaves collaborated to integrate SONAR with Oracle Transportation Management (OTM) easily. This partnership enables OTM users to include SONAR data directly into their workflow, dramatically improving decision-making throughout carrier offers and tender procedures. This interface guarantees that TMS end users, operations managers, and logistics analysts have rapid access to essential information.

(Source:https://www.redwoodlogistics.com/insights/redwood-logistics-and-freightwaves-partner-to-deliver-powerful-otm-and-sonar-integration)

February 2023: IBS Software has finalized its acquisition of Accenture Freight and Logistics Software (AFLS). This strategic purchase strengthens IBS Software's position as a leading technology supplier for the air freight sector. This purchase will allow IBS Software to expand its services in the freight and logistics sectors by adding new solutions and sharing a shared vision for innovation and business model change.

(Source: IBS Software has finalized its acquisition of Accenture Freight and Logistics Software (AFLS)

This strategic purchase strengthens IBS Software's position as a leading technology supplier for the air freight sector. This purchase will allow IBS Software to expand its services in the freight and logistics sectors by adding new solutions and sharing a shared vision for innovation and business model change.

Top Companies Market Share in Freight Management Software Industry: (In no particular order of Rank)

• Descartes (Canada)
• MercuryGate (US)
• SAP (Germany)
• Oracle (US)
• JDA Software (US)
• Ceva Logistics (Spain)
• Werner Enterprises (US)
• Accenture (Republic of Ireland)
• UPS (US)
• Riege Software (Germany)
• Retrans (US)
• Linbis (US)
• DB Schenker (Germany)
• C.H. Robinson TMC (US)
• BluJay Solutions (UK)
• Freight Management (US)
• McLeod Software (US)
• FreightView (US)
• Logisuite (US)
• DreamOrbit (India)
• Kuebix (US)
• ImageSoft (Australia)
• Manhattan Associates (US)
• Magaya Corporation (US)
• 3GTMS (US)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Freight Management Software Market

Which Region Dominates the Freight Management Software Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. This might be attributed to the widespread use of freight management systems and services in the region. North America is predicted to be the most mature area for freight management system growth, owing to strong technology adoption and the presence of prominent solution providers in the market. The North American area includes the United States and Canada, which are also seeing widespread implementation of freight management systems. In reality, the United States is predicted to dominate the market due to its stable and established economy, which allows it to make significant expenditures in R&D operations, consequently contributing to the creation of new technologies and use cases.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Freight Management Software market because the Asia-Pacific area is enjoying strong economic expansion, which is boosting industrial and commercial activities. This economic growth drives an increased need for effective freight management systems to satisfy businesses' growing logistical demands, ensuring timely delivery and supply chain efficiency. The region is seeing a significant surge in e-commerce, driven by increased internet penetration and smartphone usage. This surge in online shopping necessitates robust freight management systems to manage the logistics of delivering a huge number of products to a diversified customer base.

The current report Scope analyzes Freight Management Software Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Freight Management Software

According to Cognitive Market Research, the global Freight Management Software market size was estimated at USD 10258.96 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 4103.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Freight Management Software market with a market size of USD 3237.73 million in 2024 and is projected to grow at a CAGR of 11.6% during the forecast period. The United States has a well-established regulatory framework for the shipping industry. Freight management software enables organizations to comply with these requirements, resulting in seamless operations and avoiding penalties.
• The Canada Freight Management Software market had a market share of USD 492.43 million in 2024 and is projected to grow at a CAGR of 12.6% during the forecast period. Canadian businesses are increasingly focused on improving efficiency and reducing costs.
• The Mexico Freight Management Software market is projected to witness growth at a CAGR of 12.3% during the forecast period, with a market size of USD 373.43 million in 2024.

Europe Freight Management Software

According to Cognitive Market Research, the global Freight Management Software market size was estimated at USD 10258.96 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 3077.69 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.1% from 2024 to 2031.

• The United Kingdom Freight Management Software market had a market share of USD 517.05 million in 2024 and is projected to grow at a CAGR of 12.9% during the forecast period. Consumers in the United Kingdom want quick and flexible delivery alternatives. This puts pressure on logistics businesses to improve their operations. Freight management software contributes to this by automating operations, optimizing route planning, and offering real-time visibility into shipments, resulting in quicker and more efficient delivery.
• The France Freight Management Software market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD 283.15 million in 2024.
• According to Cognitive Market Research, the German Freight Management Software market size was valued at USD 609.38 million in 2024 and is projected to grow at a CAGR of 12.3% during the forecast period. Freight Management Software sales flourish in Germany due to rising autonomous trucking initiatives.
• The Italy Freight Management Software market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 264.68 million in 2024.
• The Russia Freight Management Software market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 477.04 million in 2024.
• The Spain Freight Management Software market is projected to witness growth at a CAGR of 11.2% during the forecast period with a market size of USD 252.37 million in 2024
• The Luxembourg Freight Management Software market is projected to witness growth at a CAGR of 12.2% during the forecast period, with a market size of USD 95.41 million in 2024.
• The Portugal Freight Management Software market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD 64.63 million in 2024.
• The Greece Freight Management Software market is projected to witness growth at a CAGR of 12.4% during the forecast period, with a market size of USD 36.93 million in 2024.
• The Rest of Europe's Freight Management Software market is projected to witness growth at a CAGR of 10.8% during the forecast period, with a market size of USD 477.04 million in 2024.

Asia Pacific Freight Management Software

According to Cognitive Market Research, the global Freight Management Software market size was estimated at USD 10258.96 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2359.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.6% from 2024 to 2031.

• According to Cognitive Market Research, the China Freight Management Software market size was valued at USD 1061.80 million in 2024 and is projected to grow at a CAGR of 15.1% during the forecast period. China is a leading player in e-commerce, with a vast and rapidly increasing online retail sector. This creates a tremendous demand for effective freight management systems to handle the large amount of products being sent.
• The Japan Freight Management Software market is projected to witness growth at a CAGR of 14.1% during the forecast period, with a market size of USD 325.62 million in 2024.
• The India Freight Management Software market had a market share of USD 283.15 million in 2024 and is projected to grow at a CAGR of 17.4% during the forecast period. India's commerce with foreign countries is increasing significantly. This is creating a need for software that may assist organizations in managing complicated logistical operations across borders.
• The South Korea Freight Management Software market is projected to witness growth at a CAGR of 14.7% during the forecast period, with a market size of USD 235.96 million in 2024.
• The Australia Freight Management Software market is projected to witness growth at a CAGR of 15.3% during the forecast period, with a market size of USD 122.70 million in 2024.
• The South East Asia Freight Management Software market is projected to witness growth at a CAGR of 16.6% during the forecast period, with a market size of USD 162.81 million in 2024.
• The Rest of the Asia Pacific Freight Management Software market is projected to witness growth at a CAGR of 15.4% during the forecast period, with a market size of USD 167.53 million in 2024.

South America Freight Management Software

According to Cognitive Market Research, the global Freight Management Software market size was estimated at USD 10258.96 Million, out of which the Latin America market of more than 5% of the global revenue with a market size of USD 512.95 million in 2024. It will grow at a compound annual growth rate (CAGR) of 13.0% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Freight Management Software market size was valued at USD 219.54 million in 2024 and is projected to grow at a CAGR of 13.6% during the forecast period. Brazil is investing in infrastructure enhancements, such as ports and roadways. This generates an atmosphere that encourages logistical technology breakthroughs. Freight management software may take use of this upgraded infrastructure to speed up delivery and improve overall logistics performance.
• Argentina Freight Management Software market had a market share of USD 86.18 million in 2024 and is projected to grow at a CAGR of 13.9% during the forecast period. Freight Management Software sales flourish in Argentina due to rising import and export activity.
• Colombia Freight Management Software market is projected to witness growth at a CAGR of 12.8% during the forecast period, with a market size of USD 45.65 million in 2024.
• Peru Freight Management Software market is projected to witness growth at a CAGR of 13.2% during the forecast period, with a market size of USD 42.06 million in 2024.
• Chile Freight Management Software market is projected to witness growth at a CAGR of 13.3% during the forecast period, with a market size of USD 36.93 million in 2024.
• The Rest of the Latin America Freight Management Software market is projected to witness growth at a CAGR of 12.1% during the forecast period, with a market size of USD 82.58 million in 2024.

Middle East and Africa Freight Management Software

According to Cognitive Market Research, the global Freight Management Software market size was estimated at USD 10258.96 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 205.18 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.3% from 2024 to 2031.

• The GCC Countries Freight Management Software market is projected to witness growth at a CAGR of 14.1% during the forecast period, with a market size of USD 87.82 million in 2024. Freight Management Software sales flourish due to the integration with free trade agreements. Egypt's Freight Management Software market is projected to witness growth at a CAGR of 13.6% during the forecast period, with a market size of USD 21.54 million in 2024.
• The Egypt Freight Management Software market is projected to witness growth at a CAGR of 13.6% during the forecast period, with a market size of USD 21.54 million in 2024.
• The South Africa Freight Management Software market is projected to witness growth at a CAGR of 14.3% during the forecast period, with a market size of USD 32.42 million in 2024. Freight Management Software sales flourish in South Africa due to the South African retail industry is changing due to the rise of e-commerce and omnichannel shopping.
• The Turkey Freight Management Software market is projected to witness growth at a CAGR of 12.8% during the forecast period, with a market size of USD 17.65 million in 2024.
• The Nigeria Freight Management Software market is projected to witness growth at a CAGR of 12.4% during the forecast period, with a market size of USD 21.54 million in 2024.
• The Rest of the MEA Freight Management Software market is projected to witness growth at a CAGR of 12.3% during the forecast period, with a market size of USD 24.21 million in 2024.

Freight Management Software Market Analysis

How are Segments Performing in the Global Freight Management Software Market?

Freight Management Software Market Solution Segment Analysis

According to Cognitive Market Research, Freight Tracking and Monitoring is the dominating category. The increase in e-commerce activity has resulted in a larger volume of shipments, necessitating efficient tracking and monitoring. Customers want real-time information on their orders, prompting businesses to implement advanced tracking technologies. Businesses want complete insight into their supply networks to improve operational efficiency. Real-time tracking and monitoring systems provide the required transparency, enabling businesses to trace goods from origin to destination.

Security is the fastest-growing category in the Freight Management Software market. The increased incidence of cargo theft, tampering, and illegal access during transportation has made security measures critical. These technologies assist in monitoring and securing shipments, lowering the risk of loss and damage. Stringent restrictions for transporting commodities, particularly dangerous chemicals, need strong security measures. Compliance with requirements such as the Transported Asset Protection Association (TAPA) standards and others need advanced security measures.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Freight Management Software Industry. Request a Free Sample PDF!

Freight Management Software Market Services Segment Analysis

According to Cognitive Market Research, the dominating category is System Integration and Deployment. Modern supply chains are complex and require the integration of many systems, such as ERP, TMS, WMS, and CRM. Integration services guarantee that FMS communicates successfully with these systems, resulting in a unified picture of operations. As organizations expand, their logistical requirements get increasingly complicated. Integration and deployment services allow FMS to expand and adapt to changing requirements, offering the flexibility required to support corporate development.

The fastest-growing category in the Freight Management Software market is Support and Maintenance. FMS systems require frequent upgrades to solve bugs, security vulnerabilities, and compatibility concerns. Maintenance services ensure that software updates are applied quickly, keeping the system up-to-date and safe.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Freight Management Software Transportation Mode Segment Analysis

Transportation Mode Segment Analysis

According to Cognitive Market Research, the dominating category is Road Freight. Roads are one of the most common types of transportation infrastructure in the world. They reach both urban and rural locations, making road freight a diverse and accessible method of moving products. The wide network of roads gives road freight a substantial edge over other means of transportation. Furthermore, road freight is generally a cheaper option for both short and medium-distance cargoes. The cost per mile for moving products by road might be competitive when compared to other modes.

The fastest-growing category in the Freight Management Software market is Rail Freight. Rail freight transportation is noted for its ability to move enormous amounts of commodities across vast distances. FMS systems improve rail freight routes, timetables, and load capacities to increase efficiency and save transportation costs. Rail freight transportation involves managing intricate networks of train lines, terminals, and equipment. FMS systems assist businesses in optimizing capacity planning by assessing demand projections, controlling railcar inventories, and effectively coordinating rail operations.

• Rail Freight
• Road Freight
• Ocean Freight
• Air Freight

Freight Management Software End-Users Segment Analysis

End-Users Segment Analysis

According to Cognitive Market Research, the dominating category is Third-Party Logistics. 3PL enterprises manage logistics and transportation services. They have vast expertise and understanding in all elements of freight management, including order processing and last-mile delivery. This experience enables them to exploit FMS systems properly. Furthermore, numerous suppliers operate on a worldwide basis, catering to a diverse variety of businesses and clientele. They frequently have a large network of carriers, warehouses, and distribution centers, allowing them to manage complicated logistical operations effectively. FMS solutions help coordinate and optimize these resources..

The fastest-growing category in the Freight Management Software market is Forwarders. Forwarders frequently manage cargo between modes of transportation (road, rail, sea, and air). FMS systems facilitate multimodal logistics by combining several forms of transportation into a cohesive system, allowing for improved planning, tracking, and administration.

• Third-Party Logistics
• Forwarders
• Brokers
• Shippers
• Carriers

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion