According to the report by Expert Market Research (EMR), the global air freight software market size is projected to grow at a CAGR of 8% between 2024 and 2032. Aided by the increasing demand for streamlined logistics operations and advancements in digital solutions, the market is expected to grow significantly by 2032.
Air freight software is pivotal in modern logistics, providing solutions for freight forwarding, cargo tracking, and overall supply chain management. This software enables air freight companies to optimise their operations, improve customer service, and ensure compliance with global trade regulations. With the growth of e-commerce and the global expansion of trade, the demand for efficient and reliable air freight services is on the rise, bolstering the market for specialised software solutions.
One of the key factors driving the air freight software market growth is the increasing need for operational efficiency in the logistics sector. Companies are seeking solutions that can automate processes, reduce manual errors, and provide real-time data to enhance decision-making. Moreover, the integration of technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) is transforming air freight software, making it more intelligent and predictive.
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Another significant air freight software market trend is the growing emphasis on sustainability in logistics. Air freight software plays a crucial role in optimising routes and improving fuel efficiency, thereby contributing to reduced carbon emissions. This aspect is particularly important as the logistics industry faces increasing pressure to adopt environmentally friendly practices.
Geographically, the North American region accounts for a significant portion of the air freight software market share, owing to its advanced logistics infrastructure and the presence of leading software providers. However, the Asia-Pacific region is expected to witness the fastest growth, driven by the expansion of trade activities, especially in emerging economies like China and India.
The market also presents numerous opportunities. The rising demand for cloud-based solutions and the increasing adoption of mobile applications in logistics are expected to drive market growth. Furthermore, the ongoing digital transformation in the logistics sector presents vast prospects for the development and adoption of advanced air freight software.
Air Freight Software Market Segmentation
The market can be divided based on type, solution, end-user, and region.
Market Breakup by Type
- On-Premise
- Cloud-based
Market Breakup by Solution
- Freight Tracking and Monitoring
- Cargo Routing and Scheduling
- Order Management
- Transportation Management Systems (TMS)
- Electronic Data Interchange
Market Breakup by End-User
- Third-Party Logistics
- Forwarders
- Brokers
- Shippers
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Air Freight Software Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global air freight software market. Some of the major players explored in the report by Expert Market Research are as follows:
- CHAMP Cargosystems S.A.
- Freightdata 2000 Ltd
- Freightos Limited
- Infor (US), Inc.
- Magaya Corporation
- Riege Software International GmbH.
- The Descartes Systems Group Inc
- Others
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