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Airfreight software is a technologically advanced software solution. It is majorly used for real-time control of freight acceptance which improves the speed and performance of cargo management solutions.
The software is used for multi-purpose applications through a provided dashboard to manage profitable shipment with a lower operational cost. Airfreight software is providing the auto-booking of cargo shipments and analyzing pricing decisions for the end-users.
The factors are expected to drive the market are high demand for air freight software for air- cargo services. Moreover, increasing the need for revenue management and execution in logistic services are anticipated to boost the market. Increased investments in modern autonomous trucking and smart freight software solutions in transport services are the upcoming opportunities for the market. However, the operational evolution of small players in the market is a major challenge for the airfreight software market.
By type, the market segmented into an on-premise and cloud-based. Based on the end-user, the market is categorized into third-party logistics, forwarders, brokers, shippers and others. Based on the solution, the market is categorized into freight tracking & monitoring, cargo routing & scheduling, order management, transportation management system (TMS) and electronic data interchange (EDI). From a geographical standpoint, the market categorized into North America, Europe, Asia Pacific, and the Rest of the World.
Key Market Driver -
High Demand for Air Freight Software for Air- cargo Services
Key Market Restraint -
High Maintananc Cost is Required to Upgrade the New Version of aAir Freight Software is Hampering Market Growth
Major key players that are present in the air freight software market are CHAMP Cargosystems S.A (The U.K.), Freightdata 2000 (The U.K.), Freightos (Hong Kong), FreightPOP (The U.S.), Freightview (The U.S.), Hard Core Technology Corp. (The U.S.), Infor (India), Magaya (The U.S.), Riege Software International GmbH (Germany), Shiprocket (India), The Descartes Systems Group Inc. (The U.S.) and among others.
The air freight software market is analyzed across the four major regions North America, Europe, Asia Pacific, and the Rest of the World. North America is anticipated to show strong growth in the market during the forecast period. This growth is attributed to the presence of key players, which include Freight POP, Freightview, Hard Core Technology Corp., and The Descartes Systems Group Inc. Furthermore, the increasing demand of air freight software from the U.S. based air cargo services is projected to boost the market.
The Asia Pacific is estimated to capture a significant market share during the forecast period. This market growth is owing to the increasing demand for air freight software from emerging nations such as India and China for warehouse management. Furthermore, the need for shipment operations, planning and execution software technology across the region is propelling the market growth.
Europe also exhibits significant growth in the market. This growth is attributed to the presence of key players, which include CHAMP Cargosystems S.A, Freightdata 2000 and Riege Software International GmbH. In Europe, the rising adoption of air freight software in the E-commerce industry is projected to boost the market in the future years. The Rest of the World is expected to register a prominent growth in the air freight software market during the forecast period. This growth is attributed to the increasing demand in Latin America and the Middle East & Africa for the advanced management of cargo services in the region.
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