SAP SE, Oracle and C.H. Robinson Worldwide Inc. are Dominating the Global Freight Transportation Management Market in 2020

Global Freight Transportation Management Market is expected to grow with the CAGR of 8.2% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global freight transportation management market is a fragmented market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global freight transportation management market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • in April 2016, Accenture announced the launch of new version of ocean cargo pricing software. This new launch will provide greater pricing visibility for carriers and also helped in increasing product portfolio of the company.

SAP SE is the dominating player in global freight transportation management market. The other key players existing in the market includes Oracle, Accenture, C.H. Robinson Worldwide Inc., GEODIS, TRANSPOREON GmbH, Transplace, Werner Enterprises, BlueYonder Group Inc., BluJay Solutions Ltd., Softeon, 3Gtms, Cloud Logistics and among others.

Freight Transportation Management MarketSAP SE

SAP SE is headquartered in Walldorf, Germany which was established in 1972. The company is engaged in providing application and services to various enterprises with integration of advanced technology. The business segments of the company include applications, technology and service segment, intelligent spend group segment and qualtrics segment out of which applications and technology & service segment are market focused segment.

  • In March 2015, SAP SE announced the launch of SAP extended warehouse management (SAP EWM). This new product launch offers transit warehousing features for enabling faster logistics and order fulfilment.

The company has presence in North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as SAP (U.K.) Limited, Feltham (U.K.), Ariba Inc., Palo Alto (U.S.) SAP Deutchland SE & Co. KG., Walldorf (Germany) among others. 

Oracle

Oracle is headquartered in Illinois, U.S. and it was established in year 1977. The company is engaged in providing products and application for various information technology enterprises. Some of the business segment includes cloud and license, hardware and services and the market focused business segment is cloud and license. The product category includes oracle cloud infrastructure and cloud applications out of which cloud applications is the market focused business segment.

  • In January 2013, Oracle announced a new launch of Oracle transportation management and oracle trade management. This new set of product launch helped to support global transportation and trade compliance. This new product launch increases the product portfolio of the company.

The company has presence in North America, Asia-Pacific, Europe and Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as NetSuite (U.S.), Taleo (U.S.) and Art Technology Group (U.S.) among others.

C.H. Robinson Worldwide Inc.

C.H. Robinson Worldwide Inc. is headquartered in Minnesota, U.S. and was founded in 1905. The company is engaged in providing logistics expertise for improving transportation and supply chain. Some of the product categories include surfaced based transportation, ocean, air freight, customs clearance and border crossing, managed TMS, supply chain consulting, collaborative outsourcing out of which managed TMS is the market focused product category.

  • In 2020, C.H. Robinson Worldwide Inc. announced the acquisition of Prime distribution Services which was engaged in providing value-added warehouse and retail consolidation services in North America. This will lead to increasing growth of company.

The company has global presence in North America, Latin America, Europe, Asia-Pacific, Middle East, Africa and Oceania. In addition, company also generates revenue through the subsidiary such as Freightquote (U.S.), Milgram & Company Limited (Canada), Robinson Fresh (U.S.) and among others.