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Freight Forwarding Software Market Share

Report ID: GMI11122
Published Date: Aug 2024
Report Format: PDF

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Freight Forwarding Software Market Share

Oracle Corporation and SAP SE hold a significant market share of around 10% in the market in 2023. Oracle focuses on integrating its freight forwarding solutions with its broader ERP suite. This integration ensures that logistics processes are well-aligned with other business functions like finance, procurement, and inventory management, offering a unified platform for managing the entire supply chain. This helps the company to maintain a strong hold in the market.

SAP invests in AI and machine learning to enhance its freight forwarding software with predictive analytics, intelligent automation, and advanced decision support, improving efficiency and reducing costs. The company also forms strategic alliances with technology providers, logistics companies, and consultants to extend its reach and enhance its freight forwarding solutions.

Freight Forwarding Software Market Companies

Major companies operating in the market are:

Descartes Systems Group
e2open
Magaya Corporation
Mercurygate International
Oracle Corporation
Reige Software
SAP SE
Softlink
Werner Enterprises
WiseTech Global

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

Freight forwarding software market size was USD 1.5 billion in 2023 and is expected to register over 10% CAGR from 2024-2032 due to the growth of E-commerce industry worldwide.

Freight forwarding software industry from the large enterprises segment held 65% share in 2023 and due to having operations spread across different regions which creates a need for software that can manage different regulatory requirements.

North America freight forwarding software industry held 38% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the rise in e-commerce in the region.

Descartes Systems Group, e2open, Magaya Corporation, Mercurygate International, Oracle Corporation, Reige Software, SAP SE, Softlink, Werner Enterprises, and WiseTech Global, are some of the major freight forwarding software companies worldwide.