Freight Transport Management Market Size, Scope And Growth 2025 To 2034

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What is the projected value of the freight transport management market by 2029?

The freight transport management market size has grown rapidly in recent years. It will grow from $27.28 billion in 2024 to $30.5 billion in 2025 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to increased globalization, growing population, increase in demand for goods and services, increase in government policies aimed at promoting global trade, and rising freight transportation.

The freight transport management market size is expected to see rapid growth in the next few years. It will grow to $46.99 billion in 2029 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to trade expansion, the rise of the e-commerce industry, the increasing complexity of supply chains, the growing demand for freight management solutions, and rising transport volumes. Major trends in the forecast period include technological advancements, inclination of growth toward information technology, product innovation, investment in advanced transport management solutions, and advancements in freight transport management systems.

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How are technological advancements fueling growth in the freight transport management market?
The rise of the e-commerce industry is expected to propel the growth of the freight transport management market going forward. The e-commerce industry refers to the buying and selling of goods and services over the Internet. It encompasses many online transactions, including retail purchases, online auctions, digital downloads, and business-to-business trading. The e-commerce industry is growing due to increased internet penetration, expanding mobile connectivity, convenience-driven consumer behavior, and the continuous evolution of online shopping platforms and technologies. Freight transport management is required for the e-commerce industry to ensure efficient and timely delivery of goods to customers, optimize logistics operations, minimize shipping costs, and maintain customer satisfaction. For instance, in February 2024, according to a report published by the U.S. Census Bureau, a division of the United States Department of Commerce, total e-commerce sales in the US reached an estimated $1,118.7 billion in 2023, reflecting a 7.6% increase compared to 2022. E-commerce sales in 2023 accounted for 15.4% of total sales, marking an increase from 14.7% of total sales in 2022. Therefore, the rise of the e-commerce industry is driving the growth of the freight transport management market.

Which segment currently leads the freight transport management market in terms of revenue share?
The freight transport management market covered in this report is segmented –

1) By Offering: Solution, Services
2) By Deployment: On-Premise, Cloud
3) By Application: Road Freight, Rail Freight, Air Freight, Ocean Freight
4) By End-User: Manufacturing, Retail, Healthcare, Oil And Gas, Food And Beverage, Other End Users

Subsegments:
1) By Solution: Fleet Management Software, Warehouse Management Systems (WMS), Transportation Management Systems (TMS), Supply Chain Visibility Solutions, Route Optimization Solutions, Freight Tracking Solutions, Load Optimization Solutions, Other Solutions
2) By Services: Consulting Services, System Integration Services, Training and Support Services, Managed Services, Maintenance Services, Other Services

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Which trends are expected to dominate the freight transport management market landscape in the coming years?
Major companies operating in the freight transport management market are developing innovative software solutions, such as transport management software, to serve customers with advanced features better. Transportation management software (TMS) is a specialized software system used by logistics and supply chain professionals to plan, execute, and optimize the transportation of goods. For instance, in December 2022, WrxFlo, an Ireland-based supply chain software provider, launched the WrxFlo Transport Management System. WrxFlo Transport Management System (TMS) is a software solution designed to assist businesses in efficiently managing the logistics of transporting physical goods, whether by land, air, or sea. This comprehensive platform enables companies to streamline operations by overseeing all transportation activities across their global supply chain. With WrxFlo TMS, haulage operators can efficiently plan, execute, and visualize logistics strategies in real time, resulting in time savings and cost reductions.

Who are the top competitors in the global freight transport management market?
Major companies operating in the freight transport management market are DHL International GmbH, Amazon Web Services Inc., CEVA Logistics, Accenture Plc, IBM Corporation, Oracle Corporation, DSV A/S, SAP SE, Union Pacific Corp., Cleveland-Cliffs Inc., Geodis SA, DB Schenker, Landstar System Inc., Korber AG, Fusion Transport, Universal Logistics Holdings Inc., Transportation Insight LLC, SEKO Logistics Ltd., Covenant, Manhattan Associates inc., Descartes Systems Group Inc., IBS Software, JDA Software Group Inc., CTSI-Global, HighJump Software LLC

What regional dynamics are shaping the future of the global freight transport management market?
North America was the largest region in the freight transport management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the freight transport management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Can Companies Use The Freight Transport Management Market Report to Drive Business Results?
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:
• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.

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