London, 03 November 2014 –The Global Freight Management System Market is expected to grow at a CAGR of 19.87 percent from 2014-2018, in response to a growing need to ensure the safety and security of cargo, says research firm TechNavio.
Freight management solutions provide better security, and their cargo handling features help streamline the logistics management process.
About the Report
The new report from TechNavio focuses on the increase in adoption of intelligent transport systems (ITS) and transport management systems (TMS) in developing countries, which has spurred growth in the Global Freight Management System Market.
“The ITS Market in the APAC region is expected to grow at a CAGR of 6.66 percent during the forecast period, and the trend towards using smart transportation services in developing countries like India and China will also drive the growth of this market” says Faisal Ghaus, Vice President of TechNavio.
Overall, the market is witnessing an increase in the use of IT services in logistics management. IT-enabled services facilitate routine logistics activities and increase the overall efficiency of business processes. Services like EDI, cloud-based ERP and vendor management tools are being used more and more frequently for freight management services.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Rising Concern for Safety and Security of Cargo
- For a full detailed list, view our report.
Market Challenges:
- High Cost of Operation
- For a full detailed list, view our report.
Market Trends:
- Adoption of ITS and Smart Transportation Solutions
- For a full detailed list, view our report.
Key Vendors:
- Accenture plc
- CEVA Logistics
- SNCF Geodis
Other Prominent Vendors:
- Agility
- DB Schenker
- DSV
- Northline
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
