Expert Market Research’s new report titled “Global Air Cargo Software Market Report and Forecast 2022-2027′, gives an in-depth analysis of the Global Air Cargo Software Market, assessing the market based on its segments such as Types, Solutions, End Users and Major Regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 0%
The increasing application of air freight software in air freight services, due to its ability to help reduce costly errors, improve customer service, enable easy access to real-time freight data, and improve the distribution network, is the engine of market growth. Also, the rapid growth in the air cargo business owing to the increase in the number of air parcels is an important supporting factor for the market. Additionally, the increasing focus on automating various operations associated with freight transportation to ensure efficient freight and cargo management is expected to boost the market during the forecast period. Geographically, government initiatives conducive to strengthening international trade are expected to provide lucrative opportunities for the air cargo software industry in the coming years.
Industry definition and major segments
Air cargo software refers to software that supports a business by finding the best way to transport or move cargo through an air carrier. Some of the important features of this software include load detection, reduction of customs related paperwork and improved customer connectivity.
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On the basis of type, the market can be split into:
By solution, the market has been categorized into:
- Cargo Tracking and Monitoring
- Freight routing and planning
- Order management
- Transportation Management Systems (TMS)
- Electronic data interchange
Major end users included in the market are:
- Third party logistics
- freight forwarders
Regional air freight software markets include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Major trends in the global air cargo software market include the growing trend to use advanced cloud-based software in the transportation and logistics industry to strengthen supply chain management for cost-effective returns. In addition to this, growing awareness of reduced need for documentation while using these solutions and decrease in associated time and cost is expected to further support the air cargo software market. Moreover, the rapid expansion of the e-commerce sector, coupled with the growing adoption of smartphones and computers, is expected to drive the demand for efficient logistics and delivery services. This, in turn, is expected to increase the market growth over the forecast period.
Main market players
The major market players are CHAMP Cargosystems SA, Freightdata 2000 Ltd, Freightos Limited, Infor (US), Inc., Magaya Corporation., Riege Software International GmbH. and The Descartes Systems Group Inc., among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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