According to IMARC Group’s new report, titled “India Freight Transportation Management Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the India freight transportation management market is expected to exhibit a CAGR of 12.97% during 2022-2027.
Industry Overview:
Freight transportation management Market 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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India Freight Transportation Management Trends:
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.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India freight transportation management market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on solutions, services, deployment type, organization size, mode of transport and vertical.
Competitive Landscape:
Breakup by Solutions:
Breakup by Services:
Breakup by Deployment Type:
Breakup by Organization Size:
Breakup by Mode of Transport:
Breakup by Vertical:
Breakup by Region:
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Key highlights of the report:
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