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Global Digital Shipment Market by Type (Digital Shipping Lines and Digital freight forwarders), By Solution (Freight Tracking & Monitoring, Cargo Routing & Scheduling, Cargo Security, EDI, TMS, Order Management, Claims Management and Others), By End-User(Third-Party Logistics, Forwarders, Brokers, Shippers and Carriers) and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) Forecast and Analysis 2020-2027
Global Digital Shipment Market Overview:
Digital Shipment help to develop new business models and offerings, digitalize core operations, and build a robust internal digital foundation. Digital technology and business model innovation have provided new ideas for solving the difficulty of matching vehicles and freight in the freight market. Digital shipping help logistics companies build a digital freight platform based on their sources of goods and obtain social capacity at a low price. They are aiming at the whole vehicle market, combining the self-owned volume and the social orders on the freight platform to improve the success rate of cargo consolidation and vehicle loading rate. Further, the source of vehicles and sources of goods can efficiently distribute between their resources and social resources, and the products can be distributed in areas with cost advantages.
Global Digital Shipment Market Insights
The global digital shipment market projected to grow at a CAGR of over 9.87% from 2020–2027. It is primarily attributed to factors such as digital shipment help in provide sharing of all the documents required in every freight within their online platforms. Additionally, growing demand for a better buying experience through which companies offer instant quotes, transparent pricing, and the option to compare rates and carriers to customers are driving the demand for the digital shipment market in the analysis period. Moreover, the upsurge in customer demand for faster and more streamlined services will create opportunities for the global digital shipment market growth.
Furthermore, the surge in global trade, growth in freight visibility solutions and technologies, advancements in freight security, safety, and transportation solutions are expected to fuel the global digital shipment market size. These digital shipment technologies are transforming traditional relationships in the freight and logistics business. With the help of big data, cloud and connected platform technologies, provide customers the seamless experience such as ease of access, price transparency, and swift, near real-time integrated service. Also, the rising application of digital shipping for better tracking and traceability, for improving document management and compliance, and maximize value and reduce costs of existing platforms will spur the growth of global digital shipment industry.
Growth Driver
Growing demand for digital freight logistics
The rising digital freight solution helps logistics companies combine their resources to establish a digital freight matching platform to obtain social capacity at a low price. For the non-vehicle market, it integrates the self-owned cargo volume and social orders on the freight platform to increase the success rate of cargo consolidation and vehicle loading rate. Due to this, vehicle and cargo sources can efficiently be distributed between their own and social resources. Additionally, the cost advantage of distribution in the same city. Digital freight forwarders provide tools to their websites so that customers can get in touch with them faster.
Type Segmental Analysis
Based on type, the global digital shipment market classified into Digital Shipping Lines and Digital freight forwarders. The Digital freight forwarders segment held maximum market share in the digital shipment market in 2019. It is attributable to it provides better buying experiences for customers, promoting transparent process management, and help inaccurate documents and proper management of records.
Digital Shipping Lines will grow with an excellent CAGR in the forecast period. It is owing to it make use of containers that are equipped with tracking devices based on AI and the IoT that send logistics-related information in real-time.
Solution Segmental Analysis
Based on Solution, the global Digital Shipment market segregated into Freight Tracking & Monitoring, Cargo Routing & Scheduling, Cargo Security, EDI, TMS, Order Management, Claims Management, and Others. The freight tracking & monitoring segment accounted for a higher revenue share in 2019 and projected to dominate the digital shipment market by 2027. It is primarily attributed to the surge in demand for visibility, track and trace, and security and monitoring applications and technologies.
The order management segment will grow with a lucrative growth rate in the forecast period. It is due to the digital shipping segment help customer in instant shipment booking online.
End-User Segmental Analysis
Based on end-user, the global digital shipment market classified into Third-Party Logistics, Forwarders, Brokers, Shippers, and Carriers. The Third-Party Logistics segment will hold higher market potential by 2027. It is owing to globalization and the growth in world trade volumes and provide opportunities for growth of third-party logistics.
Forwarders held a significant market share in 2019. It is dueto they improve efficiency and provide better customer experience and enabling people to better track freight.
Region Segmental Analysis
Based on geography, the global Digital Shipment market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific is slated to account for a significant share by 2027 in the digital shipment market. The growth in the region can be attributed to the presence of a large consumer base with internet access and the rapid growth of the e-commerce industry.
North America is projected to provide significant growth opportunities due to the high technological adoption and the presence of leading solutions providers in the market. Additionally, the sustainable and well-established economy of North America will foster the growth of the market.
Competitor Analysis
Companies such as A.P. Moller – Maersk AS, COSCO SHIPPING International (Hong Kong) Co. Ltd., CMA CGM Group, Evergreen Group, Hapag Lloyd, HYUNDAI Merchant Marine Co. Ltd., Mediterranean Shipping Co. SA, Ocean Network Express Pte. Ltd., Yang Ming Marine Transport Corp., and Zim Integrated Shipping Services Ltd. are the key players in the global digital shipment market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global digital shipment service providers
- Research organizations and consulting companies
- Organizations, associations, and alliances related to Digital Shipment
- Regulatory bodies
- Suppliers
- Retailers
Recent Developments
- In August 2021, Contour, a Digital trade finance network, had partnered with the Global Shipping Business Network to offer a fully digital solution for all participants involved in financing, trading, and shipping goods worldwide.
- In August 2021, Trucker Tools announced a platform partnership with Port TMS to enhance in-transit truckload shipment visibility for customers and provide advanced, real-time predictive digital freight-matching tools to streamline truckload capacity access and management.
- In August 2021, Nuvocargo announced a new billing dashboard to make Statement of Accounts (SOA) transparent and straightforward that shippers need to provide.
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Type
- Digital Shipping Lines
- Digital freight forwarders
By Solution
- Freight Tracking & Monitoring
- Cargo Routing & Scheduling
- Cargo Security
- EDI
- TMS
- Order Management
- Claims Management
- Others
By End-User
- Third-Party Logistics
- Forwarders
- Brokers
- Shippers
- Carriers
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Global Digital Shipment Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Economic Factor Analysis
- Global Digital Shipment Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Market Share & Forecast, 2016-2027
- By Type
- Digital Shipping Lines
- Digital freight forwarders
- By Solutions
- Freight Tracking & Monitoring
- Cargo Routing & Scheduling
- Cargo Security
- EDI
- TMS
- Order Management
- Claims Management
- Others
- By End-User
- Third-Party Logistics
- Forwarders
- Brokers
- Shippers
- Carriers
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Type
- Demand
- Market Size & Forecast, 2016-2027
- North America Digital Shipment Market Overview
- North America Digital Shipment Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- North America Digital Shipment Market Share & Forecast, 2016-2027
- By Type
- Digital Shipping Lines
- Digital freight forwarders
- By Solutions
- Freight Tracking & Monitoring
- Cargo Routing & Scheduling
- Cargo Security
- EDI
- TMS
- Order Management
- Claims Management
- Others
- By End-User
- Third-Party Logistics
- Forwarders
- Brokers
- Shippers
- Carriers
- By Country
- US
- Canada
- Mexico
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Digital Shipment Market
- By Type
- Demand
- North America Digital Shipment Market Size & Forecast, 2016-2027
- Europe Digital Shipment Market Overview
- Europe Digital Shipment Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Europe Digital Shipment Market Share & Forecast, 2016-2027
- By Type
- Digital Shipping Lines
- Digital freight forwarders
- By Solutions
- Freight Tracking & Monitoring
- Cargo Routing & Scheduling
- Cargo Security
- EDI
- TMS
- Order Management
- Claims Management
- Others
- By End-User
- Third-Party Logistics
- Forwarders
- Brokers
- Shippers
- Carriers
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Digital Shipment Market
- By Type
- Demand
- Europe Digital Shipment Market Size & Forecast, 2016-2027
- Asia Pacific Digital Shipment Market Overview
- Asia Pacific Digital Shipment Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Asia Pacific Digital Shipment Market Share & Forecast, 2016-2027
- By Type
- Digital Shipping Lines
- Digital freight forwarders
- By Solutions
- Freight Tracking & Monitoring
- Cargo Routing & Scheduling
- Cargo Security
- EDI
- TMS
- Order Management
- Claims Management
- Others
- By End-User
- Third-Party Logistics
- Forwarders
- Brokers
- Shippers
- Carriers
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific Digital Shipment Market
- By Type
- Demand
- Asia Pacific Digital Shipment Market Size & Forecast, 2016-2027
- South America Digital Shipment Market Overview
- South America Digital Shipment Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- South America Digital Shipment Market Share & Forecast, 2016-2027
- By Type
- Digital Shipping Lines
- Digital freight forwarders
- By Solutions
- Freight Tracking & Monitoring
- Cargo Routing & Scheduling
- Cargo Security
- EDI
- TMS
- Order Management
- Claims Management
- Others
- By End-User
- Third-Party Logistics
- Forwarders
- Brokers
- Shippers
- Carriers
- By Country
- Brazil
- Argentina
- Rest of South America
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Digital Shipment Market
- By Type
- Demand
- South America Digital Shipment Market Size & Forecast, 2016-2027
- Middle East & Africa Digital Shipment Market Overview
- Middle East & Africa Digital Shipment Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Middle East & Africa Digital Shipment Market Share & Forecast, 2016-2027
- By Type
- Digital Shipping Lines
- Digital freight forwarders
- By Solutions
- Freight Tracking & Monitoring
- Cargo Routing & Scheduling
- Cargo Security
- EDI
- TMS
- Order Management
- Claims Management
- Others
- By End-User
- Third-Party Logistics
- Forwarders
- Brokers
- Shippers
- Carriers
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Digital Shipment Market
- By Type
- Demand
- Middle East & Africa Digital Shipment Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- P. Moller – Maersk AS
- COSCO SHIPPING International (Hong Kong) Co. Ltd.
- CMA CGM Group
- Evergreen Group
- Hapag Lloyd
- HYUNDAI Merchant Marine Co. Ltd.
- Mediterranean Shipping Co. SA
- Ocean Network Express Pte. Ltd.
- Yang Ming Marine Transport Corp.
- ZIM Integrated Shipping Services Ltd
- Other Prominent Players
Frequently Asked Questions (FAQ):
The Digital Shipment market assists in developing new business models and offerings, digitalize core operations, and build a solid internal digital foundation.
Digital shipment helps logistics companies to build a digital freight platform as per their goods and acquire social capacity at a low price. They aim at the whole vehicle market, combining the self-owned volume and the social orders on the freight platform to improve cargo consolidation and vehicle loading rate.
The forecasted market size of the Global Digital Shipment Market is USD 16.56 billion in 2027.
The recorded compound annual growth rate of the market is 9.87% during the forecast period.
By Solution, the digital shipment market is divided into Freight Tracking & Monitoring, Cargo Routing & Scheduling, Cargo Security, EDI, TMS, Order Management, Claims Management, and Others.
North America will lead the digital shipment market globally by 2027 due to leading solutions providers’ high technical support and presence.
