Global Freight Management Systems
Market: Overview
The
additional benefits that are provided by the freight management systems in the
organizations are faster services which are far more flexible and efficient. In
the transport sectors, the freight management systems are deployed in order to
optimize the efficiency of the freight operations that are commercial. Various
other features are offered by the system such as vehicle repairs and maintenance,
customer electronic data interchange interfacing, freight tracking system,
reporting of the comprehensive operations, and others.
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Global Freight Management Systems
Market: Segmentation
The market
for the freight management systems is globally fragmented into solutions,
technology, and services. Based on the solutions, the global market is
segregated into baggage and cargo screening system, security monitoring system,
logistics management system, and freight operational management system. Based
on the technology, the market is categorized into X-rays, surveillance systems,
and detectors and radiations. Based on the services, the market is divided into
professional services, system integration, and support and maintenance.
Global Freight Management Systems
Market: Growth Factors
Across the
world, the business of the imports and the exports has improved significantly
owing to the fact that the free trade policy has been implemented by several
countries; this is the key factor that contributes to the growth of the freight
management systems market. The adoption of this system by several transport
enterprises has improved their delivery capabilities, thus fuelling the market
growth. An efficient freight management system must be implemented by the fleet
owners as the demand for raw materials and the on-time delivery of products has
considerably increased in the market. The increase in the rate of the global
trade is also one of the reasons that are boosting the freight management
systems market. Conversely, the factors that are limiting the growth of the
market are lack of awareness among the consumers about the advanced freight
management solutions and the high cost that is involved.
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Global Freight Management Systems
Market: Regional Analysis
The
geographical diversification of the market for the freight management systems
is given by North America, Latin America, the Middle East & Africa, Western
Europe, Eastern Europe, and Asia Pacific. The market for the freight management
systems is presently dominated by the North America. The factor that has
contributed to this significant growth is the increased adoption of the freight
management system tool in this region. In the coming years, the freight
management systems market will be rapidly growing in the Asia Pacific region
owing to the rise in the adoption of the freight management system. In the
regions such as Europe and Latin America, the market is growing at a moderate
rate but is anticipated to improve in the coming years.
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Global Freight Management Systems
Market: Competitive Players
The key
market players that are involved in the freight management systems market include
CEVA Logistics, Descartes System Group, High Jump Software, Manhattan
Associates, Accenture, CTSI – Global, DSV, JDA Software Group, Inc., and United
Parcel Service of North America, Inc.
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