
Global Digital Freight Brokerage Market Report and Forecast 2024-2032
Description
Global Digital Freight Brokerage Market Report and Forecast 2024-2032
Global Digital Freight Brokerage Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global digital freight brokerage market size reached a value of USD 2.82 billion in 2023. Aided by the increased adoption of cloud-based freight brokerage platforms, the market is projected to further grow at a CAGR of 29.2% between 2024 and 2032 to reach a value of USD 28.71 billion by 2032.
Digital freight brokerage involves the use of technology platforms to connect shippers with carriers, streamlining the freight booking process. These platforms leverage advanced algorithms, real-time data, and artificial intelligence to optimize routes, reduce costs, and improve the overall efficiency of freight operations. By digitizing the traditionally manual and paper-based processes, digital freight brokerage enhances transparency, reduces human errors, and provides a seamless experience for both shippers and carriers.
The increasing demand for efficient freight management solutions is driving the digital freight brokerage market growth. With the rapid growth of e-commerce and the need for timely delivery of goods, businesses are increasingly adopting digital freight brokerage platforms to ensure swift and reliable transportation services. Additionally, the rising complexity of supply chains and the need for real-time visibility into freight movements have further contributed to the growing popularity of digital freight brokerage solutions.
The expanding applications of digital freight brokerage in various industries also play a significant role in increasing the digital freight brokerage market share. In the retail sector, digital freight brokerage platforms enable retailers to manage their logistics operations more effectively, ensuring timely delivery of products to customers. The manufacturing industry leverages these platforms to streamline their supply chain processes, reduce transportation costs, and enhance operational efficiency. Moreover, the automotive industry utilises digital freight brokerage solutions to manage the transportation of vehicles and components, ensuring smooth and timely delivery.
Furthermore, the increasing adoption of advanced technologies, such as artificial intelligence, machine learning, and big data analytics, is expected to drive the growth of the market. These technologies enable digital freight brokerage platforms to analyse vast amounts of data, predict demand patterns, optimize routes, and provide real-time insights into freight movements. This, in turn, helps businesses make informed decisions, reduce transportation costs, and improve customer satisfaction.
The growing emphasis on sustainability and the need to reduce carbon emissions in the transportation industry are also expected to boost the demand for digital freight brokerage solutions. By optimising routes and reducing empty miles, digital freight brokerage platforms contribute to reducing fuel consumption and minimizing the environmental impact of freight operations. This aligns with the increasing focus on sustainability and corporate social responsibility among businesses across various industries while playing an important role in the digital freight brokerage market development.
North America held the largest share of the market, owing to the presence of a well-established logistics infrastructure, high adoption of advanced technologies, and the increasing demand for efficient freight management solutions. The Asia Pacific region is expected to witness the highest growth during the forecast period, driven by the rapid growth of e-commerce, expanding manufacturing sector, and increasing investments in logistics infrastructure.
According to the global digital freight brokerage market analysis, the integration of artificial intelligence (AI) and machine learning (ML) in digital freight brokerage platforms is transforming the logistics industry. These technologies enable platforms to analyse vast amounts of data, predict demand patterns, optimize routes, and provide real-time insights into freight movements. As a result, businesses can make informed decisions, reduce transportation costs, and improve operational efficiency. Real-time visibility into freight movements is becoming increasingly important for businesses to ensure efficient logistics operations. Digital freight brokerage platforms offer real-time tracking and monitoring of shipments, enabling businesses to gain visibility into the status of their freight and make timely decisions. This helps in reducing delays, improving customer satisfaction, and enhancing overall supply chain efficiency.
Market Segmentation
The market can be divided based on platform, deployment, transportation mode, end use and region.
Market Breakup by Platform
- Specialized and Generic Marketplaces
- Crowd Shipping Platform
- Digital Freight Exchange
- Tender Platform
- Desktop
- Mobile
- Roadways
- Seaways
- Airways
- Railways
- Digital/Virtual Forwarders
- Logistics Companies
- 3PL
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global digital freight brokerage market. Some of the major players explored in the report by Expert Market Research are as follows:
- CH Robinson Worldwide Inc.
- Deutsche Post AG
- Echo Global Logistics, Inc.
- Convoy, Inc.
- DAT Solutions, LLC
- Flexport, Inc.
- Transfix, Inc.
- Uber Freight Holding Corporation
- Loadsmart Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
189 Pages
- 1 Preface
- 2 Report Coverage – Key Segmentation and Scope
- 3 Report Description
- 3.1 Market Definition and Outlook
- 3.2 Properties and Applications
- 3.3 Market Analysis
- 3.4 Key Players
- 4 Key Assumptions
- 5 Executive Summary
- 5.1 Overview
- 5.2 Key Drivers
- 5.3 Key Developments
- 5.4 Competitive Structure
- 5.5 Key Industrial Trends
- 6 Market Snapshot
- 6.1 Global
- 6.2 Regional
- 7 Opportunities and Challenges in the Market
- 8 Global Digital Freight Brokerage Market Analysis
- 8.1 Key Industry Highlights
- 8.2 Global Digital Freight Brokerage Historical Market (2018-2023)
- 8.3 Global Digital Freight Brokerage Market Forecast (2024-2032)
- 8.4 Global Digital Freight Brokerage Market by Platform
- 8.4.1 Specialized and Generic Marketplaces
- 8.4.1.1 Historical Trend (2018-2023)
- 8.4.1.2 Forecast Trend (2024-2032)
- 8.4.2 Crowd Shipping Platform
- 8.4.2.1 Historical Trend (2018-2023)
- 8.4.2.2 Forecast Trend (2024-2032)
- 8.4.3 Digital Freight Exchange
- 8.4.3.1 Historical Trend (2018-2023)
- 8.4.3.2 Forecast Trend (2024-2032)
- 8.4.4 Tender Platform
- 8.4.4.1 Historical Trend (2018-2023)
- 8.4.4.2 Forecast Trend (2024-2032)
- 8.5 Global Digital Freight Brokerage Market by Deployment
- 8.5.1 Desktop
- 8.5.1.1 Historical Trend (2018-2023)
- 8.5.1.2 Forecast Trend (2024-2032)
- 8.5.2 Mobile
- 8.5.2.1 Historical Trend (2018-2023)
- 8.5.2.2 Forecast Trend (2024-2032)
- 8.6 Global Digital Freight Brokerage Market by Transportation Mode
- 8.6.1 Roadways
- 8.6.1.1 Historical Trend (2018-2023)
- 8.6.1.2 Forecast Trend (2024-2032)
- 8.6.2 Seaways
- 8.6.2.1 Historical Trend (2018-2023)
- 8.6.2.2 Forecast Trend (2024-2032)
- 8.6.3 Airways
- 8.6.3.1 Historical Trend (2018-2023)
- 8.6.3.2 Forecast Trend (2024-2032)
- 8.6.4 Railways
- 8.6.4.1 Historical Trend (2018-2023)
- 8.6.4.2 Forecast Trend (2024-2032)
- 8.7 Global Digital Freight Brokerage Market by End Use
- 8.7.1 Digital/Virtual Forwarders
- 8.7.1.1 Historical Trend (2018-2023)
- 8.7.1.2 Forecast Trend (2024-2032)
- 8.7.2 Logistics Companies
- 8.7.2.1 Historical Trend (2018-2023)
- 8.7.2.2 Forecast Trend (2024-2032)
- 8.7.3 3PL
- 8.7.3.1 Historical Trend (2018-2023)
- 8.7.3.2 Forecast Trend (2024-2032)
- 8.8 Global Digital Freight Brokerage Market by Region
- 8.8.1 North America
- 8.8.1.1 Historical Trend (2018-2023)
- 8.8.1.2 Forecast Trend (2024-2032)
- 8.8.2 Europe
- 8.8.2.1 Historical Trend (2018-2023)
- 8.8.2.2 Forecast Trend (2024-2032)
- 8.8.3 Asia Pacific
- 8.8.3.1 Historical Trend (2018-2023)
- 8.8.3.2 Forecast Trend (2024-2032)
- 8.8.4 Latin America
- 8.8.4.1 Historical Trend (2018-2023)
- 8.8.4.2 Forecast Trend (2024-2032)
- 8.8.5 Middle East and Africa
- 8.8.5.1 Historical Trend (2018-2023)
- 8.8.5.2 Forecast Trend (2024-2032)
- 9 North America Digital Freight Brokerage Market Analysis
- 9.1 United States of America
- 9.1.1 Historical Trend (2018-2023)
- 9.1.2 Forecast Trend (2024-2032)
- 9.2 Canada
- 9.2.1 Historical Trend (2018-2023)
- 9.2.2 Forecast Trend (2024-2032)
- 10 Europe Digital Freight Brokerage Market Analysis
- 10.1 United Kingdom
- 10.1.1 Historical Trend (2018-2023)
- 10.1.2 Forecast Trend (2024-2032)
- 10.2 Germany
- 10.2.1 Historical Trend (2018-2023)
- 10.2.2 Forecast Trend (2024-2032)
- 10.3 France
- 10.3.1 Historical Trend (2018-2023)
- 10.3.2 Forecast Trend (2024-2032)
- 10.4 Italy
- 10.4.1 Historical Trend (2018-2023)
- 10.4.2 Forecast Trend (2024-2032)
- 10.5 Others
- 11 Asia Pacific Digital Freight Brokerage Market Analysis
- 11.1 China
- 11.1.1 Historical Trend (2018-2023)
- 11.1.2 Forecast Trend (2024-2032)
- 11.2 Japan
- 11.2.1 Historical Trend (2018-2023)
- 11.2.2 Forecast Trend (2024-2032)
- 11.3 India
- 11.3.1 Historical Trend (2018-2023)
- 11.3.2 Forecast Trend (2024-2032)
- 11.4 ASEAN
- 11.4.1 Historical Trend (2018-2023)
- 11.4.2 Forecast Trend (2024-2032)
- 11.5 Australia
- 11.5.1 Historical Trend (2018-2023)
- 11.5.2 Forecast Trend (2024-2032)
- 11.6 Others
- 12 Latin America Digital Freight Brokerage Market Analysis
- 12.1 Brazil
- 12.1.1 Historical Trend (2018-2023)
- 12.1.2 Forecast Trend (2024-2032)
- 12.2 Argentina
- 12.2.1 Historical Trend (2018-2023)
- 12.2.2 Forecast Trend (2024-2032)
- 12.3 Mexico
- 12.3.1 Historical Trend (2018-2023)
- 12.3.2 Forecast Trend (2024-2032)
- 12.4 Others
- 13 Middle East and Africa Digital Freight Brokerage Market Analysis
- 13.1 Saudi Arabia
- 13.1.1 Historical Trend (2018-2023)
- 13.1.2 Forecast Trend (2024-2032)
- 13.2 United Arab Emirates
- 13.2.1 Historical Trend (2018-2023)
- 13.2.2 Forecast Trend (2024-2032)
- 13.3 Nigeria
- 13.3.1 Historical Trend (2018-2023)
- 13.3.2 Forecast Trend (2024-2032)
- 13.4 South Africa
- 13.4.1 Historical Trend (2018-2023)
- 13.4.2 Forecast Trend (2024-2032)
- 13.5 Others
- 14 Market Dynamics
- 14.1 SWOT Analysis
- 14.1.1 Strengths
- 14.1.2 Weaknesses
- 14.1.3 Opportunities
- 14.1.4 Threats
- 14.2 Porter’s Five Forces Analysis
- 14.2.1 Supplier’s Power
- 14.2.2 Buyer’s Power
- 14.2.3 Threat of New Entrants
- 14.2.4 Degree of Rivalry
- 14.2.5 Threat of Substitutes
- 14.3 Key Indicators for Demand
- 14.4 Key Indicators for Price
- 15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Company Profiles
- 15.2.1 CH Robinson Worldwide Inc.
- 15.2.1.1 Company Overview
- 15.2.1.2 Product Portfolio
- 15.2.1.3 Demographic Reach and Achievements
- 15.2.1.4 Certifications
- 15.2.2 Deutsche Post AG
- 15.2.2.1 Company Overview
- 15.2.2.2 Product Portfolio
- 15.2.2.3 Demographic Reach and Achievements
- 15.2.2.4 Certifications
- 15.2.3 Echo Global Logistics, Inc.
- 15.2.3.1 Company Overview
- 15.2.3.2 Product Portfolio
- 15.2.3.3 Demographic Reach and Achievements
- 15.2.3.4 Certifications
- 15.2.4 Convoy, Inc.
- 15.2.4.1 Company Overview
- 15.2.4.2 Product Portfolio
- 15.2.4.3 Demographic Reach and Achievements
- 15.2.4.4 Certifications
- 15.2.5 DAT Solutions, LLC
- 15.2.5.1 Company Overview
- 15.2.5.2 Product Portfolio
- 15.2.5.3 Demographic Reach and Achievements
- 15.2.5.4 Certifications
- 15.2.6 Flexport, Inc.
- 15.2.6.1 Company Overview
- 15.2.6.2 Product Portfolio
- 15.2.6.3 Demographic Reach and Achievements
- 15.2.6.4 Certifications
- 15.2.7 Transfix, Inc.
- 15.2.7.1 Company Overview
- 15.2.7.2 Product Portfolio
- 15.2.7.3 Demographic Reach and Achievements
- 15.2.7.4 Certifications
- 15.2.8 Uber Freight Holding Corporation
- 15.2.8.1 Company Overview
- 15.2.8.2 Product Portfolio
- 15.2.8.3 Demographic Reach and Achievements
- 15.2.8.4 Certifications
- 15.2.9 Loadsmart Inc.
- 15.2.9.1 Company Overview
- 15.2.9.2 Product Portfolio
- 15.2.9.3 Demographic Reach and Achievements
- 15.2.9.4 Certifications
- 15.2.10 Others
- 16 Key Trends and Developments in the Market
- List of Key Figures and Tables
- 1. Global Digital Freight Brokerage Market: Key Industry Highlights, 2018 and 2032
- 2. Global Digital Freight Brokerage Historical Market: Breakup by Platform (USD Billion), 2018-2023
- 3. Global Digital Freight Brokerage Market Forecast: Breakup by Platform (USD Billion), 2024-2032
- 4. Global Digital Freight Brokerage Historical Market: Breakup by Deployment (USD Billion), 2018-2023
- 5. Global Digital Freight Brokerage Market Forecast: Breakup by Deployment (USD Billion), 2024-2032
- 6. Global Digital Freight Brokerage Historical Market: Breakup by Transportation Mode (USD Billion), 2018-2023
- 7. Global Digital Freight Brokerage Market Forecast: Breakup by Transportation Mode (USD Billion), 2024-2032
- 8. Global Digital Freight Brokerage Historical Market: Breakup by End Use (USD Billion), 2018-2023
- 9. Global Digital Freight Brokerage Market Forecast: Breakup by End Use (USD Billion), 2024-2032
- 10. Global Digital Freight Brokerage Historical Market: Breakup by Region (USD Billion), 2018-2023
- 11. Global Digital Freight Brokerage Market Forecast: Breakup by Region (USD Billion), 2024-2032
- 12. North America Digital Freight Brokerage Historical Market: Breakup by Country (USD Billion), 2018-2023
- 13. North America Digital Freight Brokerage Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 14. Europe Digital Freight Brokerage Historical Market: Breakup by Country (USD Billion), 2018-2023
- 15. Europe Digital Freight Brokerage Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 16. Asia Pacific Digital Freight Brokerage Historical Market: Breakup by Country (USD Billion), 2018-2023
- 17. Asia Pacific Digital Freight Brokerage Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 18. Latin America Digital Freight Brokerage Historical Market: Breakup by Country (USD Billion), 2018-2023
- 19. Latin America Digital Freight Brokerage Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 20. Middle East and Africa Digital Freight Brokerage Historical Market: Breakup by Country (USD Billion), 2018-2023
- 21. Middle East and Africa Digital Freight Brokerage Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 22. Global Digital Freight Brokerage Market Structure
Pricing
Currency Rates
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