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Digital Freight Matching Market Size

Report ID: GMI6907
Published Date: Oct 2024
Report Format: PDF

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Digital Freight Matching Market Size

The global digital freight matching market size was valued at USD 27.7 billion in 2023 and is estimated to register a CAGR of 19.3% between 2024 and 2032. The growth of the market can be attributed to the rising growth of e-commerce, driven by companies such as Amazon and Alibaba, which has created massive demand for quick, reliable, and flexible freight services.

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According to Statista, the global e-commerce market is expected to grow from USD 3.59 trillion in 2023 to USD 6.47 trillion in 2029. China is leading this growth, with a market value of USD 1.47 trillion in 2023. As online retailers aim for quicker shipping times, shippers and carriers find solutions that can efficiently match loads and ensure on-time deliveries. This is expected to drive the growth of the market during the forecast period.

Digital Freight Matching Market Report Attributes
Report Attribute	Details
Base Year:	2023
Digital Freight Matching Market Size in 2023:	USD 27.7 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	19.3%
2024 – 2032 Value Projection:	USD 132.8 Billion
Historical Data for:	2021 – 2023
No. of Pages:	160
Tables, Charts & Figures:	236
Segments covered:	Transportation Mode, Platform, Service, Industry vertical, End-Use
Growth Drivers:	Rising e-commerce demand for faster and more flexible freight services Increasing need for reliable connections between carriers and shippers Driver shortages are pushing carriers to maximize truck utilization Growing demand for real-time visibility of shipments
Pitfalls & Challenges:	Data security concerns Lack of digital infrastructure in developing countries

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The logistics industry increasingly demands seamless connectivity between carriers and shippers. This need is met through integrated platforms and applications. The sector is rapidly shifting from traditional paper-based methods to digital solutions for booking, invoicing, and dispatching. Digital freight matching platforms offer end-to-end solutions, enabling paperless transactions, real-time bookings, automated invoicing, and load tracking. These features streamline operations, reduce administrative tasks, and enhance efficiency by eliminating manual paperwork and errors. They also speed up the booking process, allowing for faster dispatches and providing clear audit trails and real-time updates.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of digital freight matching reached USD 27.7 billion in 2023 and is set to grow at a 19.3% CAGR from 2024 to 2032, driven by the rising growth of e-commerce.

The mobile-based segment held a market share of around 60% in 2023 and is projected to exceed USD 75 billion by 2032, led by the widespread use of smartphones and better mobile internet connectivity.

The road freight segment accounted for approximately 65% of the market share in 2023, attributed to rising investments by road freight operators in technology to improve fleet management and operations.

The North America market held a major share of over 30% in 2023, propelled by the region's advanced technology ecosystem and stringent logistics regulations.