Global Air Freight Software Market Report and Forecast 2024-2032

Global Air Freight Software Market Outlook

The global air freight software market is expected to grow at a CAGR of 8.00% in the forecast period of 2024-2032.

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The Air Freight Software Industry to be Driven by the growing Deployment of Cloud-Based Software

Based on type, the increasing demand for cloud-based software is expected to aid the air freight software industry, as the software allows for the real-time tracking of shipments at anytime from anywhere. In this regard, cloud-based technology also offers cheaper and easier ways to include new and innovative features to the software. In addition, these technologies reduce the use of paper, thus saving costs and facilitate quick and easy filing of all necessary documents at one go, which helps save time. These factors are projected to provide impetus to the air freight software industry growth in the forecast period.

North America to Account for a Significant Market Share in the Air Freight Software Industry

North America is estimated to account for a significant market share of the air freight software industry. This can be attributed to the increasing volume of cargo freight in the logistics sector in the region. In addition, the growing investments by the key market players in the development of improved air freight software are also predicted to contribute to the industry growth in the region.

Meanwhile, the Asia Pacific region is also expected to bolster the industry in the forecast period owing to the rising demand for air freight software from emerging nations such as India to oversee cargo routing and scheduling operations.

Air Freight Software: Market Segmentation

The air freight software is an advanced software that offers solutions for the proper management of freights and goods, while also helping to optimise and automate various operations related to cargo transportation. They facilitate efficient real-time tracking of cargo, custom documentation processing, and simultaneous booking of orders.

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Based on type, the market is classified into:

• On-Premise
• Cloud-based

By solution, the market can be divided into:

• Freight Tracking and Monitoring
• Cargo Routing and Scheduling
• Order Management
• Transportation Management Systems (TMS)
• Electronic Data Interchange

By end-user, the market is segregated into:

• Third-Party Logistics
• Forwarders
• Brokers
• Shippers
• Others

The regional markets for air freight software can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Freight Traffic and the Expanding E-Commerce Industry to Augment the Growth of the Air Freight Software Industry

The rising air freight traffic due to the increasing globalisation and the growing transportation of goods, including medicine and vaccine across the countries have been aiding the market growth. A need for proper management of goods and cargo to ensure the smooth flow of freight services is leading to the increased adoption of air freight software. Furthermore, the expanding e-commerce industry is leading to the increased demand for air freight transportation for the fast delivery of goods across borders. Moreover, the government initiatives to generate more revenue through air freights and the demand for paperless administration in order to improve sustainability are projected to increase the demand for air freight software in the upcoming years. Also, the technological advancements and the increased expenditure by the leading market players in the development of air freight software are anticipated to bolster the market growth in the forecast period.

Key Industry Players in the Global Air Freight Software Market

The report gives a detailed analysis of the following key players in the global air freight software market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• CHAMP Cargosystems S.A.
• Freightdata 2000 Ltd
• Freightos Limited
• Infor (US), Inc.
• Magaya Corporation.
• Riege Software International GmbH.
• The Descartes Systems Group Inc
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report