PUBLISHER: The Business Research Company | PRODUCT CODE: 1769961
PUBLISHER: The Business Research Company | PRODUCT CODE: 1769961
A freight management system (FMS) is an all-in-one software platform designed to digitize, automate, and simplify the management of goods transportation from origin to destination. It offers real-time tracking, centralized data handling, and integration with other business systems to help organizations cut costs, speed up deliveries, and improve decision-making throughout their supply chain.
The key components of a freight management system consist of solutions and services. Solutions are integrated software tools that assist in managing and optimizing freight operations such as shipment planning, tracking, and documentation. These solutions can be deployed either on-premises or via the cloud and support multiple transportation modes including rail, road, ocean, and air freight. Features include order management, carrier management, load optimization, and cost control, serving various users such as third-party logistics providers, freight forwarders, brokers, shippers, and carriers.
The freight management system market research report is one of a series of new reports from The Business Research Company that provides freight management system market statistics, including freight management system industry global market size, regional shares, competitors with a freight management system market share, detailed freight management system market segments, market trends and opportunities, and any further data you may need to thrive in the freight management system industry. This freight management system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The freight management system market size has grown rapidly in recent years. It will grow from $17.40 billion in 2024 to $19.41 billion in 2025 at a compound annual growth rate (CAGR) of 11.5%. The expansion during the historic period is due to the increase in global trade, the rise of e-commerce, higher fuel prices, inefficiencies in manual logistics, and the growing need for shipment visibility.
The freight management system market size is expected to see rapid growth in the next few years. It will grow to $29.74 billion in 2029 at a compound annual growth rate (CAGR) of 11.3%. During the forecast period, growth is driven by the increasing demand for real-time tracking, greater automation in logistics, tougher environmental regulations, expansion of cross-border e-commerce, and a rising preference for digital freight platforms. Key trends expected include the adoption of artificial intelligence, blockchain technology integration, the rise of cloud-based systems, the application of the Internet of Things in logistics, and improvements in data analytics.
The increasing demand for logistics and supply chain services is expected to drive growth in the freight management system market. Logistics and supply chain involve the coordinated management of goods, services, and information flow from raw material sourcing to the final delivery of products to customers. This demand is rising due to the expansion of global trade, which necessitates efficient management of the growing volume and complexity of international shipments. Freight management systems support logistics and supply chain operations by streamlining shipment planning, tracking, and optimization, which helps reduce costs, speed up deliveries, and improve overall supply chain efficiency. For example, in June 2024, Logistics UK, a trade association based in the UK, reported that logistics businesses generated around $1.6 trillion (£1.3 trillion) in revenue in 2022, representing a 25.8% increase compared to 2021. Therefore, the growing demand for logistics and supply chain services is fueling the expansion of the freight management system market.
Leading companies in the freight management system market are developing advanced solutions like web-based freight management software to boost supply chain visibility, enhance operational efficiency, and lower logistics costs. Web-based freight management software allows businesses to manage freight operations through a web browser in real time, eliminating the need for local installations. For instance, in August 2024, Manitoba Corporation, a US-based company specializing in nonferrous metals recycling, introduced Freight130, a web-based freight management platform designed to centralize and optimize logistics for recyclers, manufacturers, traders, and similar industries. Freight130 includes features such as unlimited shipments and users, carrier and mode neutrality, strong data security, freight procurement, bid management, team and vendor collaboration, and detailed analytics on freight spending. The software streamlines shipment scheduling, tendering, and freight purchasing, improving efficiency and cutting costs by consolidating logistics data into one dashboard.
In November 2023, FreightWise LLC, a US-based managed transportation service provider, acquired Kuebix for an undisclosed sum. This acquisition aims to secure and enhance the future of FreightWise's transportation management system (TMS) platform by providing ongoing support, investment, and innovation for customers while expanding FreightWise's presence in the transportation management market. Kuebix is a US-based software firm that offers a cloud-based freight management system through its TMS platform.
Major players in the freight management system market are United Parcel Service Inc., DHL International GmbH, FedEx Corporation, DB Schenker Group, Accenture PLC, SAP SE, C.H. Robinson Worldwide Inc., Expeditors International of Washington Inc., Sinotrans Limited, Ryder System Inc., XPO Logistics Inc., Trimble Inc., Infor Global Solutions Inc., Manhattan Associates Inc., Descartes Systems Group Inc., BluJay Solutions, MercuryGate, CEVA Logistics AG, Magaya Corporation, Freightview Inc.
North America was the largest region in the freight management system market in 2024. The regions covered in freight management system report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the freight management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The freight management system market consists of revenues earned by entities by providing services such as freight tracking and monitoring, carrier management, real-time shipment tracking, mobile accessibility, and freight rate management. The market value includes the value of related goods sold by the service provider or included within the service offering. The freight management system market also includes sales of products including transportation management systems, route optimization tools, freight booking platforms, freight cost allocation tools, and predictive ETA engines. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified.)
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Freight Management System Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on freight management system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for freight management system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The freight management system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.