The Asia Pacific Digital Freight Matching Market would witness market growth of 31.8% CAGR during the forecast period (2023-2030).
A digital freight matching platform is a digital marketplace that connects shippers and carriers in real time. Shippers seek available capacity that meets their shipment requirements, while carriers seek specific loads to fill their fleets or vehicles. Governments are implementing initiatives to accelerate the movement of goods and resolve supply chain issues.
Integration possibilities with enterprise resource planning (ERP) and transportation management systems (TMS) are boosting the popularity of digital freight matching in the logistics industry. The platforms provide enhanced operational efficacy and rapid and effective capacity fulfillment. The platforms use cutting-edge technologies such as machine learning, artificial intelligence (AI), and predictive analytics to create algorithms that automatically match cargo with carriers. Freight Technologies, Inc. announced the release of Fr8App, a digital freight matching platform, in March 2023. The platform matches exporters with carriers using machine-learning algorithms. The company intended to make shipping more cost-effective and suitable with this release.
The rapid expansion of e-commerce in APAC countries, including China, India, and Southeast Asian nations, has fuelled the demand for efficient and flexible freight transportation solutions. DFM platforms help e-commerce companies manage logistics more effectively to meet customer expectations for fast and reliable deliveries. APAC is home to complex and diverse supply chains, with goods manufactured and distributed across borders. DFM platforms provide shippers and carriers with tools to optimize their supply chains, reduce transportation costs, and streamline cross-border trade. APAC is a global trade hub with significant imports and exports. Due to the factors as mentioned above, the market will boost in this region.
The China market dominated the Asia Pacific Digital Freight Matching Market, By Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $18,468.1 million by 2030. The Japan market is registering a CAGR of 31% during (2023 - 2030). Additionally, The India market would experience a CAGR of 32.6% during (2023 - 2030).
Based on Service, the market is segmented into Freight Matching Services, & Value-Added Services. Based on Transportation Mode, the market is segmented into Full Truckload (FTL), Less-than-truckload (LTL), Intermodal, and Others. Based on Platform, the market is segmented into Mobile-based (Android and iOS), & Web-based. Based on Industry, the market is segmented into Food & Beverages, Retail & E-Commerce, Automotive, Healthcare & Lifesciences, Oil & Gas, Manufacturing, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Digital Freight Matching Market is Predict to reach $224.1 Billion by 2030, at a CAGR of 30.9%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Uber Freight Holding Corporation (Uber Technologies, Inc.), Redwood Logistics (AEA Investors LP), C.H. Robinson Worldwide, Inc., XPO, Inc., Convoy, Inc., Full Truck Alliance Co. Ltd. (JiangSu ManYun Software Technology Co., Ltd.), Freight Technologies, Inc., Freight Commerce Solutions Private Limited, Cargomatic, Inc., Roper Technologies, Inc.
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