Global Online Freight Platform
Market Report
2024
The online freight platform market was valued at USD 14.24 billion in 2022 and is projected to reach USD 36.56 billion by 2030, registering a CAGR of 12.5% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The online freight platform market was valued at USD 14.24 billion in 2022 and is projected to reach USD 36.56 billion by 2030, registering a CAGR of 12.5% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Online Freight Platform Market Sales Revenue 2022 | $ 14.24 Billion |
Global Online Freight Platform Market Sales Revenue 2030 | $ 36.56 Billion |
Global Online Freight Platform Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 12.5% |
Market Split by Type |
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Market Split by Application |
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Market Split by Platform |
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Market Split by Deployment |
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Market Split by Feature |
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Market Split by Offerings |
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Market Split by Verticals |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Online Freight Platform Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
What is an online freight platform?
Online freight services are web-based solutions that allow both shippers and carriers to view and connect with potential shipping partners, and manage the logistics process from start to end. With the help of an online platform, shippers can find the best rates, choose a carrier, and keep an eye on their shipments in real time. Carriers can find available loads, submit bids, and manage their fleet more efficiently. Digital platforms often use artificial intelligence for load matching and automate parts of the process so shippers and carriers can run their businesses while spending less time handling phone calls and paperwork. Overall, online freight services make shipping simpler and more convenient for everyone involved. Access to a wide network of carriers, Real-time tracking and visibility of shipments, Automated paperwork and invoicing, and Cost savings are the major factors for the expansion of the online freight platform market.
E-commerce sales exceeded $1 trillion in 2022. Large amounts of purchases were made globally and in the upcoming years, e-retail revenues are expected to increase even more quickly. One of the most common internet activities globally is shopping, and as a result, domestic and international e-commerce is flourishing in emerging economies like China, India, and Indonesia. This includes shipments of consumer, packaged products, electronics, and medications in addition to direct-to-consumer shopping. Even product producers are progressively switching from conventional freight forwarding to digital freight digital forwarding is growing. Digital goods forwarding offers several advantages, including immediate quotations, low pricing, carrier and rate comparisons, tracking, simple paperwork, and more.
The supply chain for e-commerce packages spans several cities and even nations, therefore there is a great need for experienced logistics service providers. However, online freight forwarding services are necessary for e-commerce shipments. Faster quote processing and tracking are some of these services. Cost-effective operations, tracking, and trace shipments, and the expansion of the e-commerce market have propelled the global online freight platform market's development.
Restraining Factor:
However, there are also legal considerations and market aspects specific to the online freight platform business. The goods sector may be governed by unique laws in each nation or area, including license requirements, compliance standards, and liability concerns. To enable smooth operations and build customer confidence, online goods platform providers must understand and adhere to these standards. To succeed, suppliers must be aware of the regulatory and legal considerations unique to the market environment.
Impact of the COVID-19 Pandemic on the Online Freight Platform Market:
The COVID-19 effects on the market for online freight platform is uncertain, and it was continued through the second quarter of 2021. The COVID-19 outbreak forced the governments to impose strict lockdowns that led to aircraft cancellations and an outright ban on e-commerce services, which in turn caused major disruption of logistical operations throughout the globe. The negative effects of the COVID-19 pandemic caused significant supply-demand problems and prolonged delays in the activities of digital goods shipping companies throughout the world.
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July 2020
These wireless sensors make it possible to view and monitor the temperature of a product anywhere in the world, making the entire journey of vital healthcare products ever smarter, more connected, accessible, and compliant.
Top Companies Market Share in Online Freight Platform Industry: (In no particular order of Rank)
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Asia Pacific accounts for the maximum share of the Market
Asia Pacific is expected to emerge as the fastest-growing region over the forecast period. The development of e-commerce infrastructure is receiving more funding, and the usage of advanced technologies like cloud computing, big data analytics, and IoT is expanding. Furthermore, growing trade activities across emerging economies are anticipated to fuel demand for online freight platforms in this region.
North America accounted for a significant share of global revenue owing to the early adoption of online freighting platforms by various industry participants coupled with high internet penetration rates in the region. However, the North American market is expected to witness growth over the forecast period due to saturation levels reached by most web-based applications and their inability to compete with traditional software solutions offered by IT giants such as IBM Corporation, and Microsoft Corporation.
The current report Scope analyzes Online Freight Platform 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
The above graph is for illustrative purposes only.
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Global Online Freight Platform Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Online Freight Platform Industry growth. Online Freight Platform market has been segmented with the help of its Type, Application Platform, and others. Online Freight Platform market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Web-based applications accounted for the largest share of the online freight platform market
The web-based application is an internet-connected server-based 3 software system. It is employed by transportation businesses to manage client data and handle goods transactions. Due to their advantages, such as being accessible from any place, not requiring a separate computer system or specialized IT personnel, being simple to integrate with other systems, and being cost-effective. These are the features of web-based applications leading to the rise in demand.
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 Online Freight Platform Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Online Freight Platform from 2019 to 2031. This will also help to analyze the demand for Online Freight Platform across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Application of Online Freight Platform are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Accelerating batching through the AI segment is dominating the largest share of the market
Artificial intelligence is the simulation of human intelligence processes by machines, especially computer systems. It is becoming a power force to be reckoned with in the optimization of freight and freight costs throughout the full spectrum of the logistics and supply chain by enhancing dependability, lowering the cost of transportation, and speeding up processing.
To speed up their delivery procedures and guarantee next-day or even same-day delivery, several businesses are currently investing hundreds of millions of dollars. Al is a tool that can be used to locate the optimum route, anticipate delivery times accurately, and determine the right product mix for the warehouse, all while lowering expenses. These all factors lead to accelerating the batching process through the AI segment expansion.
The GPS tracking segment held the largest revenue share of the online freight platform Market:
It Gives customers peace of mind with the utmost security of cargo, vehicles, and equipment. GPS tracking provides telemetry data in real-time, controlled remotely. It helps fleets take most of their vehicles with zero human error with the help of MDVR and ADAS, smart maintenance, and not a drop to steal with fuel sensors. GPS tracking Tear down the wall between office and field employees. Provide urgent task dispatch, full-featured communication, and all-digital reporting. These are the major factor for boosting segment growth.
Research associate at Cognitive Market Research
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.
Swasti 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.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Online Freight Platform Market is witnessing significant growth in the near future.
In 2023, the Web-based Platform segment accounted for noticeable share of global Online Freight Platform Market and is projected to experience significant growth in the near future.
The Forwarders Carriers segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies FedEx , Amason and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Web-based Platform, Web-based Application |
Application | Forwarders Carriers, Truck Owners, Others |
Platform | IOS, Windows, Others |
Deployment | Cloud-based, Web-based, Others |
Feature | Accelerating Batching Through AI, Allowing for Additional Communication Methods, Ensuring Fairness and Transparency at all Stages, Enabling a Reward System for Loyal Carriers, Others |
Offerings | Real-Time Communication, GPS Tracking, Secure Payments, Document Capture, Others |
Verticals | Business, Restaurants, Others |
List of Competitors | FedEx, Uber Freight, Amason, Panalpina, Expeditors International, Kuehne + Nagel International AG, Geodis, Deutsche Bahn, DSV, Freights Exchange, Webtrans Logistics Inc, DAT Solutions, 123LoadBoard, ComFreight, MyCarrierResources, Others |
This chapter will help you gain GLOBAL Market Analysis of Online Freight Platform. Further deep in this chapter, you will be able to review Global Online Freight Platform Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Online Freight Platform Market Trends North America Online Freight Platform Technological Road Map North America Online Freight Platform Market Drivers North America Online Freight Platform Market Restraints North America Online Freight Platform Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Platform Analysis 2019 -2031
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Chapter 13 Market Split by Deployment Analysis 2019 -2031
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Chapter 14 Market Split by Feature Analysis 2019 -2031
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Chapter 15 Market Split by Offerings Analysis 2019 -2031
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Chapter 16 Market Split by Verticals Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Online Freight Platform market
Chapter 17 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Web-based Platform have a significant impact on Online Freight Platform market? |
What are the key factors affecting the Web-based Platform and Web-based Application of Online Freight Platform Market? |
What is the CAGR/Growth Rate of Forwarders Carriers during the forecast period? |
By type, which segment accounted for largest share of the global Online Freight Platform Market? |
Which region is expected to dominate the global Online Freight Platform Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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