Home > Automotive > Freight Transport Management Market

Freight Transport Management Market Size, By Offering (Solution, Service), By Deployment Model (On-premises, Cloud), By Application (Road Freight, Rail Freight, Air Freight, Ocean Freight), By End User & Forecast 2023 - 2032

  • Report ID: GMI6879
  • Published Date: Oct 2023
  • Report Format: PDF

Freight Transport Management Market Size

Freight Transport Management Market size was valued at USD 25 billion in 2022 and is anticipated to register a CAGR of over 9% between 2023 and 2032. Driven by increasing globalization and trade expansion. Freight transport management systems play a crucial role in optimizing the movement of goods, ensuring timely deliveries, and reducing operational costs. The need for real-time visibility, streamlined customs clearance, and compliance with international regulations further amplifies the importance of these systems. To remain competitive in the global market, companies are investing in advanced transport management solutions to navigate the complexities of international trade.

Freight Transport Management Market

To understand key trends  
Download Free Sample

The increasing complexity of global supply chains has become a significant factor contributing to the market growth. With supply chains spanning various regions, modes of transportation & intermediaries, businesses require advanced management solutions to optimize operations. Freight transport management systems offer visibility, real-time tracking, and efficient logistics planning, allowing companies to navigate complex supply chains more effectively. This complexity is further accelerated by the rise of e-commerce and global trade, reinforcing the need for sophisticated transport management solutions to meet the evolving market demands.

Security and privacy concerns are impeding the freight transport management market growth. With the increasing digitization and reliance on data-driven solutions, there is a growing risk of cyberattacks, data breaches, and unauthorized access to sensitive logistics information. Ensuring the security of data, both in transit and at rest, is critical to maintaining the integrity of supply chains. Additionally, concerns related to data privacy regulations, such as GDPR and CCPA, require companies to adopt stringent compliance measures. Addressing these security and privacy issues is paramount to fostering trust and safeguarding critical logistics operations.

COVID-19 Impact

The COVID-19 pandemic had adverse effects on the freight transport management industry. Lockdowns and travel restrictions disrupted supply chains, causing delays and interruptions in transportation services. Reduced manufacturing and consumer demand led to decreased freight volumes, affecting revenue streams. Safety concerns also hampered workforce availability and increased operating costs due to health measures. Overall, the pandemic created uncertainties and challenges, impacting the stability and growth of the freight transport management business.

Freight Transport Management Market Trends

Digitalization and automation are emerging trends in the freight transport management industry. With advancements in technology, the industry is rapidly adopting digital solutions to streamline operations. For instance, in September 2023, Uber Freights launched an AI-powered logistics roadmap. This innovative tool utilizes artificial intelligence to optimize and streamline logistics operations, providing real-time insights and solutions to enhance the efficiency and effectiveness of freight transportation within the Uber Freight network. Automation is being applied to various tasks, such as route optimization, load planning & warehouse management, enhancing efficiency and reducing costs. Digital platforms enable real-time tracking, improving visibility and customer satisfaction.

Last-mile delivery solutions are emerging as a critical focus in the freight transport management industry. With the surge in e-commerce, there is a growing demand for efficient & cost-effective last-mile logistics. Companies are also investing in technologies such as route optimization, autonomous delivery vehicles, and drone deliveries. Additionally, the integration of mobile apps for real-time tracking and customer communication is enhancing the last-mile experience. Meeting the challenges of last-mile delivery efficiently is becoming a competitive advantage in the market.

Freight Transport Management Offering Market Analysis

Freight Transport Management Market Size, By Offering, 2021 – 2032, (USD Billion)

To understand key market trends  
Download Free Sample

The solution segment accounted for around 65% of the freight transport management market market share in 2022, due to the various benefits they offer. Freight transportation cost management solutions help companies optimize expenses, which is crucial in a competitive market; freight security and monitoring systems enhance cargo safety & compliance; freight mobility solutions streamline operations & increase efficiency; and Third-party Logistics (3PL) solutions offer outsourced expertise. The increasing complexity of global supply chains and a growing focus on cost-effective & secure freight transportation are propelling the adoption of these solutions, fueling segment growth.

Global Freight Transport Management Market Share, By Application, 2022

To understand key market trends  
Download Free Sample

The ocean freight segment held over 30% market share in 2022 and will experience significant growth. Global trade expansion and the increasing complexity of supply chains have led to a high demand for efficient freight forwarding. Companies are seeking advanced tools to optimize the movement of goods across international waters. This segment offers comprehensive solutions for managing bookings, tracking shipments, and ensuring compliance with regulations.

U.S. Freight Transport Management Market Size, 2021 -2032, (USD Billion)

To understand regional trends  Download Free Sample

North America led the freight transport management market with a share of over 30% in 2022. The region's robust logistics infrastructure, extensive trade relationships, and the rapid growth of e-commerce are driving the demand for advanced transport management solutions. Additionally, regulatory compliance and security concerns are prompting companies to invest in sophisticated freight management systems. The increasing need for real-time tracking, cost optimization, and efficient last-mile delivery solutions is expected to further contribute to market growth.

Freight Transport Management Market Share

Major players operating in the freight transport management market are:

  • Oracle Corporation
  • SAP SE
  • DB Schenker
  • IBM Corporation
  • CEVA Logistics
  • Korber AG
  • Infor

Oracle Corporation and SPA SE are the dominant players in the freight transport management business, holding around 10% of the market share. It offers a range of cloud-based transportation management systems (TMS) that streamline logistics operations. Oracle's TMS provides end-to-end visibility, optimized routing, and real-time tracking, enhancing efficiency and reducing costs. Its scalability and ability to integrate with other Oracle solutions make it a preferred choice for large enterprises seeking advanced transportation management capabilities.

Freight Transport Management Industry News

  • In April 2023, ShipStation launched a new 3PL feature to streamline onboarding and order fulfillment processes. This solution empowers third-party logistics providers (3PLs) by offering a self-service portal for efficient client onboarding & management. It also automates manual fulfillment tasks and enhances client experiences by reducing friction

This freight transport management market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments:

Click here to Buy Section of this Report

By Offering

  • Solution
  • Freight transportation cost management
  • Freight security & monitoring system
  • Freight mobility solution
  • Freight 3PL solution 
  • Service

By Deployment Model

  • On-premises
  • Cloud

By Application

  • Road freight
  • Rail freight
  • Air freight
  • Ocean freight

By End User

  • Manufacturing
  • Retail
  • Healthcare
  • Oil & gas
  • Food & Beverage
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Southeast Asia
    • ANZ 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa


Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of freight transport management was worth USD 25 billion in 2022 and is anticipated to register a CAGR of over 9% between 2023 and 2032, favored by the increasing globalization and trade expansion.

How is ocean freight application contributing to freight transport management industry?

North America led the global freight transport management market with a share of over 30% in 2022 and is poised for substantial growth in the coming years, backed by the region's robust logistics infrastructure, extensive trade relationships, and the rapid growth of e-commerce.

Oracle Corporation, SAP SE, DB Schenker, IBM Corporation, CEVA Logistics, Korber AG, and Infor among others.

Freight Transport Management Market Scope

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 343
  • Countries covered: 18
  • Pages: 300
 Download Free Sample