Digital Freight Matching Market 2030 By Service (Load posting, Carrier search, Real-time matching, others), Technology (Web-based, Mobile-based), Industry Vertical (Food & Beverages, Retail & E-Commerce, Manufacturing, Oil & Gas, Automotive, Healthcare, Others) - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits

Industry : Information Technology | Pages : 196 Pages | Published On : Feb 2024

         
     

Digital Freight Matching Market was valued USD 23.9 Billion in 2023 and projected to reach USD 65.5 Billion by 2030, growing at a CAGR of 15.5% during the forecast period of 2023-2030.

Digital Freight Matching Market Size


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             2019                         2023-2030      

ReportDetails
Market Size ValueUSD 23.9 Billion in 2023
Market Size ValueUSD 65.5 Billion by 2030
CAGR15.5%
Forecast Period2023-2030
Historic Data2019
Segments CoveredOffering, Component, End User and Region
Geographics CoveredNorth America, Europe, Asia Pacific, and RoW

Major vendors in the global Digital Freight Matching Market: C.H. Robinson, Convoy, DAT Solutions, KeepTruckin, Loadsmart, Motive Technologies, Uber Freight, Delhivery, Flexport, Rivigo, Loji Logistics, and Others.

Market Overview

Digital Freight Matching (DFM) has emerged as a transformative force within the logistics and transportation industry, revolutionizing the way goods are moved across the globe. At its core, Digital Freight Matching refers to the use of advanced technology platforms to connect shippers with carriers, optimizing the process of matching available freight with available capacity. This innovative approach leverages digital solutions, such as online marketplaces and mobile applications, to streamline and automate the traditionally complex and time-consuming task of matching freight demand with carrier capacity. By harnessing the power of real-time data, artificial intelligence, and connectivity, DFM enhances operational efficiency, reduces costs, and improves overall supply chain agility. The Digital Freight Matching market is witnessing substantial growth, driven by the increasing demand for efficient and transparent freight logistics solutions. Traditional freight matching processes often involve manual intervention, paperwork, and numerous intermediaries, leading to delays, inefficiencies, and added costs. In contrast, Digital Freight Matching platforms leverage cutting-edge technologies to create a seamless and automated ecosystem that connects shippers and carriers directly.

Growing Penetration Of Smartphones

The growing penetration of smartphones serves as a significant driver for the Digital Freight Matching (DFM) market, ushering in a new era of connectivity and accessibility within the logistics and transportation industry. As smartphones become increasingly ubiquitous globally, they play a pivotal role in reshaping how stakeholders in the supply chain interact and conduct business. The widespread availability of smartphones among both shippers and carriers is instrumental in the adoption and success of Digital Freight Matching platforms. The rise of smartphones has facilitated seamless access to Digital Freight Matching applications, enabling users to engage with these platforms anytime, anywhere. Shippers can conveniently post freight requirements, track shipments, and make real-time decisions using dedicated mobile applications. On the other hand, carriers can access available loads, submit bids, and manage their operations efficiently through user-friendly interfaces on their smartphones. This level of accessibility transcends geographical barriers and time constraints, fostering a more dynamic and responsive freight ecosystem.

 

Market Dynamics

Drivers:

  • Growing Penetration Of Smartphones
  • Rising need for reliable connections between carriers and shippers
  • Increased demand for reliable freight partners

Opportunities:

  • Integration with Emerging Technologies
  • Eco-Friendly Logistics Solutions

Integration with Emerging Technologies

The Digital Freight Matching (DFM) market is presented with a compelling opportunity through the integration with emerging technologies, marking a transformative phase in the logistics and transportation industry. As technology continues to advance at an unprecedented pace, the convergence of Digital Freight Matching platforms with cutting-edge innovations opens new frontiers for efficiency, transparency, and overall optimization within the supply chain. One key avenue for integration lies in the realm of the Internet of Things (IoT). Digital Freight Matching platforms can leverage IoT devices to collect and transmit real-time data on the location, condition, and status of shipments. This integration enhances the accuracy and timeliness of information available to shippers and carriers, allowing for more informed decision-making. IoT-enabled sensors on trucks, containers, and pallets provide granular visibility into the entire logistics process, enabling stakeholders to proactively address issues, predict potential disruptions, and optimize routes for improved efficiency.

The market for Digital Freight Matching is dominated by North America.

North America stands out as a dominating region for the Digital Freight Matching (DFM) market, and this is attributed to a combination of factors, including a well-established technological infrastructure and high levels of internet and smartphone penetration. The region's advanced connectivity landscape enables seamless access to digital freight matching platforms for both shippers and carriers. This heightened accessibility contributes significantly to the widespread adoption and success of DFM solutions in North America. The region benefits from a developed technological ecosystem, creating an environment conducive to the growth of the Digital Freight Matching market. With a substantial portion of the population having access to high-speed internet and smartphones, the logistics industry in North America is well-positioned to leverage digital platforms effectively. The ease of access to these platforms enhances operational efficiency, accelerates decision-making processes, and fosters a more dynamic and responsive freight ecosystem.

The Mobile-based Segment is Anticipated to Hold the Largest Market Share During the Forecast Period

Based on technology the human microbiome market is segmented into web-based and mobile-based. The dominant segment within the digital freight matching (DFM) market is the mobile-based category, which secured the highest market share in 2022 and is projected to experience the most rapid Compound Annual Growth Rate (CAGR) throughout the forecast period. This robust performance is attributed to the widespread adoption of mobile applications by key market players, available on platforms such as Google Play and Apple Inc.'s App Store. Notably, China's Full Truck Alliance (JiangSu ManYun Software Technology Co., Ltd.) exemplifies this trend by delivering freight matching and value-added services through mobile applications like Yunmanman and Huochebang. Mobile-based platforms distinguish themselves by offering faster operational speeds compared to their web-based counterparts and the ability to function offline.


Major Segmentations Are Distributed as follows:

  • By Service:
    • Load posting
    • Carrier search
    • Real-time matching
    • Others
  • By Technology:
    • Web-based
    • Mobile-based
  • By Industry Vertical:
    • Food & Beverages
    • Retail & E-Commerce
    • Manufacturing
    • Oil & Gas
    • Automotive
    • Healthcare
    • Others
  • By Region
    • North America
      • U.S.
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Colombia
      • Chile
      • Peru
      • Rest of Latin America
    • Europe
      • Germany
      • France
      • Italy
      • Spain
      • U.K.
      • BENELUX
      • CIS & Russia
      • Nordics
      • Austria
      • Poland
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Thailand
      • Indonesia
      • Malaysia
      • Vietnam
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • South Africa
      • Nigeria
      • Egypt
      • Israel
      • Turkey
      • Rest of MEA

 Recent Developments

  • In August 2023, Trucker Tools, a prominent provider of freight matching and tracking software in the logistics industry, revealed a partnership with BNSF Logistics. This collaboration involves real-time freight tracking, digital freight matching, and automated booking services integrated into BNSF Logistics' operations across North America.

Answers to Following Key Questions:

  • What will be the Digital Freight Matching Market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers in the Digital Freight Matching Market?
  • What are the main forces behind worldwide Digital Freight Matching Market? Which companies dominate Digital Freight Matching Market?
  • Which companies dominate Digital Freight Matching Market? Which business possibilities, dangers, and tactics did they embrace in the market?
  • What are the global Insight Engines industry's suppliers' opportunities and dangers in Digital Freight Matching Market?
  • What is the Insight Engines industry's regional sales, income, and pricing analysis? In the Digital Freight Matching Market, who are the distributors, traders, and resellers?
  • What are the main geographic areas for various trades that are anticipated to have astounding expansion over the Digital Freight Matching Market?
  • What are the main geographical areas for various industries that are anticipated to observe astounding expansion for Digital Freight Matching Market?
  • What are the dominant revenue-generating regions for Digital Freight Matching Market, as well as regional growth trends?
  • By the end of the forecast period, what will the market size and growth rate be?
  • What are the main Digital Freight Matching Market trends that are influencing the market's expansion?
  • Which key product categories dominate Digital Freight Matching Market? What is Digital Freight Matching Market’s main applications?
  • In the coming years, which Digital Freight Matching Market technology will dominate the market?

Reason to purchase this Digital Freight Matching Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the global Digital Freight Matching Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different Digital Freight Matching Market segments in the top spending countries across the world and identify the opportunities each offers.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global Digital Freight Matching Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Digital Freight Matching Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Digital Freight Matching Market providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.

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Table and Figures

Methodology:

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This methodology is built upon the integration of all seven research methodologies developed by MarketDigits, a renowned global research and consulting firm. By leveraging the collective strength of these methodologies, we are able to deliver a 360° view of the challenges, trends, and issues impacting your industry.

The first step of our 360° Research Methodology™ involves conducting extensive primary research, which involves gathering first-hand information through interviews, surveys, and interactions with industry experts, key stakeholders, and market participants. This approach enables us to gather valuable insights and perspectives directly from the source.

Secondary research is another crucial component of our methodology. It involves a deep dive into various data sources, including industry reports, market databases, scholarly articles, and regulatory documents. This helps us gather a wide range of information, validate findings, and provide a comprehensive understanding of the industry landscape.

Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.

In addition, our analysts bring their industry expertise and domain knowledge to bear on the research process. Their deep understanding of market dynamics, emerging trends, and future prospects allows for insightful interpretation of the data and identification of strategic opportunities.

To ensure the highest level of quality and reliability, our research process undergoes rigorous validation and verification. This includes cross-referencing and triangulation of data from multiple sources, as well as peer reviews and expert consultations.

The result of our 360° Research Methodology is a comprehensive and robust research report that empowers you to make well-informed business decisions. It provides a panoramic view of the industry landscape, helping you navigate challenges, seize opportunities, and stay ahead of the competition.

In summary, our 360° Research Methodology is designed to provide you with a deep understanding of your industry by integrating various research techniques, industry expertise, and data-driven analysis. It ensures that every business decision you make is based on a well-triangulated and comprehensive research experience.

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