According to IMARC Group’s latest report, titled “India Freight Transportation Management Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the India market is expected to exhibit a CAGR of 12.97% during 2022-2027. Freight transportation management refers to a set of approaches employed to improve shipping efficiency, gain real-time supply chain visibility, reduce overhead freight expenses, and increase customer satisfaction. It includes the integration of human resources, technology, and expertise to ensure efficient coordination to maintain the supply chain. It also helps optimize, execute, and efficiently plan the movement of goods between the supplier and consignee. A freight transportation management system is, thus, widely used by distributors, retailers, third-party logistics (3PL) providers, and manufacturers across several industrial verticals.
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The initiatives by the Government of India (GOI), such as ‘Make in India,’ has accelerated industrialization across the country, which, in turn, has surged the demand for secure and efficient freight transportation management systems. Additionally, the Government is heavily investing in the upgradation of existing transportation infrastructure and the development of dedicated freight corridors (DFC), which is accelerating the market growth. Apart from this, the integration of the internet-of-things (IoT), a global positioning system (GPS), and artificial intelligence (AI) to modernize and advance freight solutions are creating a positive outlook for the market. Looking forward, the India freight transportation management market is expected to continue its moderate growth during the forecast period (2022-2027).
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Accenture
- Blue Yonder Group Inc. (Panasonic Corporation)
- BluJay Solutions Ltd.
- C.H. Robinson Worldwide Inc.
- Geodis
- Manhattan Associates
- Oracle
- SAP
- SAR Transport Systems India Private Limited
- Softeon.
Market Segmentation:
Solutions:
- Freight Transportation Cost Management
- Freight Security and Monitoring Systems
- Freight Mobility Solutions
- Freight Operation Management Solutions
- Freight 3PL Solutions
- Freight Information Management Solutions
- Warehouse Management System
Services:
- Business Services
- Managed Services
- System Integration
- Others
Deployment Type:
- On-Premise
- Hosted/Cloud-Based
Organization Size:
- Small Medium Business (SMBs)
- Large Business
Mode of Transport:
- Roadways
- Railways
- Seaways
- Airways
Vertical:
- Automotive
- Consumer and Retail
- Aerospace and Defense
- Pharmaceutical and Healthcare
- Energy
- Others
Region:
- North India
- West and Central India
- South India
- East India
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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