In the Europe freight transportation management market, strategic formulation of freight and commercial transport strategies lies at its core. The objective is to enhance operational efficiency while considering both shipper and societal costs, including congestion and environmental impacts. As the benefits of freight transport management become evident such as reducing costs and addressing sustainability concerns and thus demand surges for management solutions. The market is driven by globalization's impact on freight transportation, with companies introducing new products to capture market share and capitalize on the region's evolving logistics landscape.
According to Data Bridge Market Research, the Europe Freight Transportation Management Market is expected to reach a value of USD 14,164.76 million by 2029, at a CAGR of 8.6% during the forecast period of 2022 to 2029.
“Rising demand for rail freight transports facilitate market growth”
The Europe freight transportation management market is driven by the rising demand for rail freight transports. As sustainability gains prominence, rail transport emerges as an eco-friendly and efficient option. The rail sector's ability to handle large volumes of cargo over long distances with reduced emissions attracts businesses seeking greener alternatives. This trend spurs the need for advanced transportation management solutions to optimize rail logistics, track shipments, and ensure seamless operations. The growing preference for rail freight aligns with evolving environmental consciousness, propelling the expansion of the Europe freight transportation management market.
What restraints the growth of Europe freight transportation management market?
“Government restrictions and regulations”
Government restrictions and regulations on trade present a significant restraint on the Europe freight transportation management market. Stringent rules, customs procedures, and trade barriers imposed by various European countries can impede the smooth movement of goods across borders. Complex documentation, delays in customs clearance, and varying compliance standards contribute to operational bottlenecks. These regulatory hurdles increase costs, cause delays, and hinder the efficiency of freight transportation management operations
Segmentation: Europe Freight Transportation Management Market
The freight transportation management market is segmented on the basis of transportation mode, offering, deployment mode, organization size, and industry.
- On the basis of transportation mode, the global freight transportation management market is segmented into roadways, railways, marine, and airways.
- On the basis of offering, the global freight transportation management market has been segmented into solutions and services.
- On the basis of deployment mode, the global freight transportation management market has been segmented into cloud or hosted and on premise.
- On the basis of industry, the global freight transportation management market has been segmented into manufacturing, retail and e-commerce, transportation, fast moving consumer goods (FMCG), healthcare, food and beverages, oil and gas, energy and utility, electronics, automotive, IT and telecom and others.
- On the basis of organization size, the global freight transportation management market has been segmented into large enterprises and SMEs.
Regional Insights: Germany dominates the Europe Freight Transportation Management Market
Germany holds a prominent position in the Europe freight transportation management market. Its robust economy, strategic location, and well-developed logistics infrastructure contribute to its dominance. The country's efficient transportation networks and extensive trade connections position it as a pivotal hub for freight management activities, both domestically and internationally.
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Recent Developments in Europe Freight Transportation Management Market
- In March 2021, SAP SE unveiled its strategic alliance with Sedna Systems. This partnership involves integrating SAP TMS with Sedna Systems' team collaboration and email management solution. This synergy empowers customers with comprehensive control over transportation management data. Through this integration, SAP strengthens its market foothold, enhancing its position by providing clients with a holistic approach to transportation management, ensuring streamlined operations.
- In February 2022, Oracle introduced enhanced logistics management capabilities within its Oracle fusion cloud supply chain and manufacturing (SCM). The upgrade focuses on optimizing Oracle fusion cloud transportation management, enabling businesses to curtail expenses, manage risks, enhance customer experiences, and navigate disruptions efficiently. By offering such advanced functionalities, Oracle not only enhances its market appeal but also attracts a broader customer base, positioning itself as a leader in logistics management solutions.
The Prominent Key Players Operating in the Europe Freight Transportation Management Market Include:
- CTSI-GLOBAL (U.S.)
- GEODIS (France)
- THE DESCARTES SYSTEMS GROUP INC (Canada)
- Manhattan Associates (U.S.)
- Transplace (U.S.)
- Softeon (U.S.)
- GlobalTranz (U.S.)
- Oracle (U.S.)
- SAP SE (Germany)
- Accenture (Ireland)
- Blue Yonder Group, Inc. (U.S.)
- E2open, LLC. (U.S.)
- Trimble Inc. (U.S.)
- DSV (Denmark)
- Werner Enterprises (U.S.)
- Supply Chain Solutions (U.S.)
- C.H. Robinson Worldwide, Inc. (U.S.)
- TRANSPOREON GmbH (Germany)
- MercuryGate (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of Europe freight transportation management market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Europe Freight Transportation Management Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
