What are Main Factors Driving Growth of Global Digital Freight Forwarding Market?

Some of the major factors propelling the demand for digital freight forwarding solutions are the soaring volume of domestic and international trade and the increasing need for time-controlled deliveries across the world. In addition to this, there has been a massive rise in the incorporation of several advanced technologies such as artificial intelligence (AI), internet of things (IoT), and big data analytical solutions in digital freight solutions, which have significantly boosted the demand for digital freight forwarding solutions across the globe.

Due to the above-mentioned factors, the global digital freight forwarding market is predicted to exhibit substantial growth during the forecast period (2020–2030). Digital freight forwarding basically refers to the adoption of digital platforms in order to provide a much broader range of logistics services as compared to the traditionally adopted manually controlled logistics operations. Digital freight forwarding is commonly adopted by brokers, third-party logistics (3PLs) providers, shippers, forwarders, and carriers. Out of these, the 3PLs providers are expected to register the highest adoption of digital freight forwarding solutions in the near future, as they are an important cog in the supply chain machinery.

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Globally, North America observed the highest adoption of digital freight forwarding solutions in 2019. This is primarily ascribed to the fact that the U.S. is the undisputed global leader in international trade. In addition to this, the region is home to some of the major digital freight forwarders in the world. The digital freight forwarding market is expected to register the most rapid advance in the Asia-Pacific (APAC) region in the immediate future. This is credited to the surging number of manufacturing bases and special economic zones (SEZs) in the region.

This study covers

• Historical and the present size of the digital freight forwarding market

• Future potential of the market through its forecast for the period 2020– 2030

• Major factors driving the market and their impact during the short, medium, and long terms

• Market restraints and their impact during the short, medium, and long terms

• Recent trends and evolving opportunities for the market participants

• Historical and the present size of the market segments and understand their comparative future potential

• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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