The global digital freight brokerage market size was valued at $2.83 billion in 2022, and is projected to reach $9.82 billion by 2030, registering a CAGR of 19.5% during the forecast period (2023-2030). The growing popularity of cell phones and laptops is driving growth in the global market for digital freight brokerage. Digital developments facilitate this process by making it more efficient and fruitful by allowing shippers to locate carriers on demand and eliminating unexpected brokerage fees. Furthermore, growing wireless connectivity and network technologies, such as 3G and 4G, are anticipated to have a favorable effect on market development, especially in emerging nations.
Browse the full report description of “Digital Freight Brokerage Market Size, Share &Trends Analysis Report by Platform (Specialized & Generic Marketplaces, Crowd Shipping Platform, Digital Freight Exchange, Tender Platform, and Others), Deployment (Desktop, Mobile), Transportation Mode {Roadways (Truck, Trailer, Lorry), Seaways, Airways, Railways, Others} Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/digital-freight-brokerage-market
The significant entrance of companies that use new technologies such as AI and ML to predict demand from shippers and carriers is expected to impact the development of the digital freight brokerage market in the coming years. The increased use of technology is assisting in the automation and time-saving of processes from the broker's end, thereby boosting demand for digital freight brokerage solutions. For instance, in July 2020, Uber Freight revealed intentions to acquire Route Match Software, Inc., a public transportation agency software business located in Atlanta, Georgia, USA. By purchasing RouteMatch Software, Inc., the company intends to grow its public transportation industry with advanced solutions. For instance, in 2020, C.H. Robinson Worldwide, Inc. revealed the purchase of Prime Distribution Services in order to increase its market share and recognition among various sectors by providing quality services to shippers and consumers.
Market Coverage
• The market number available for – 2022-2028
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Platform
o By Deployment
o By Transportation Mode
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- C.H. Robinson, Cargocentric Inc., Cargomatic Inc., CEVA Logistics, Convoy, Coyote Logistics LLC, DAT Solutions LLC, DB Schenker Logistics, DHL International GmbH, Echo Global Logistics, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Digital Freight Brokerages Market Report Segment
By Platform
By Deployment
By Transportation Mode
Global Digital freight brokerages Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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