24/7 Customer Support

Freight Procurement Technology Solutions Market- Industry Dynamics, Market Size, And Opportunity Forecast To 2028

Global Freight Procurement Technology Solutions Market – (By Component – Software Application and Services; By Deployment – Cloud Based and On-premises; By Industry – Agriculture, Retail, FMCG Manufacturing, Food & Beverage, Oil & Gas, and Others; and By Region) - Industry Dynamics, Market Size, Opportunity and Forecast to 2028

  • Published On: 26-May-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0522246
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Freight Procurement Technology Solutions Market

View Full Infographic

FREQUENTLY ASKED QUESTIONS

Global Freight Procurement Technology Solutions Market was valued at US$ 812.5 Mn in 2021.

Freight procurement refers to hiring third party logistics service providers for freight transportation.

Global Freight Procurement Technology Solutions Market is estimated to expand at a CAGR of 8% during 2022-2028.

The market is majorly driven by growing demand for greater visibility and transparency in supply chain data & processes and rising e-commerce sector.

Mergers and acquisitions by key market players is providing a lucrative opportunity for market growth.

The high initial cost of solutions may hinder market growth over the forecast period. 

The various segmentations considered to analyze the Global Freight Procurement Technology Solutions Market are based on component, deployment, industry, and region. 

Software application type holds the highest market share in 2021.

On-premises segment dominates the Global Freight Procurement Technology Solutions Market in 2021.

Retail industry is the highest end-use industry in the freight procurement technology solutions market.

North America dominates the Global Freight Procurement Technology Solutions Market in 2021.

The key players in the Global Freight Procurement Technology Solutions Market are Blue Yonder, Nexus (Infor), Transporeon Group Americas Inc., Alpega Group, Coupa, and MercuryGate International, Inc., among others.