The Latin America, Middle East and Africa Digital Freight Matching Market would witness market growth of 33.5% CAGR during the forecast period (2023-2030).
Numerous regions with high internet and smartphone penetration have quickly implemented digital freight matching platforms. In addition, the region is populated by numerous prominent performers. The market is fragmented due to the entry of multiple established and new companies. The market participants utilize strategies like product innovation and acquisition to obtain a competitive advantage. The market is a logistics and transportation industry segment that leverages technology and digital platforms to connect shippers with carriers (trucking companies or independent drivers) more efficiently and streamlined. DFM platforms use various technologies, including mobile apps, web-based platforms, and data analytics, to match available freight shipments with available carriers or capacity.
Digital Freight Matching (DFM) solutions aim to reduce empty miles, improve asset utilization, and optimize routes, leading to cost savings for shippers and carriers. Many DFM platforms offer real-time tracking and visibility of shipments, allowing shippers to monitor the status and location of their goods throughout the transportation process. Data analytics play a significant role in DFM, helping shippers and carriers make data-driven pricing, capacity planning, and route optimization decisions.
Latin America encompasses many geographical features, from vast rainforests to sprawling cities. This diversity creates logistical challenges, and DFM platforms can help optimize transportation routes, improving efficiency in the movement of goods. The healthcare industry in Saudi Arabia can benefit from improved logistics efficiency. DFM platforms help healthcare organizations optimize routes, reduce transportation costs, and minimize delivery delays, ensuring that healthcare providers have the supplies they need when they need them. According to the International Trade In 2022, it will invest $36.8 billion on healthcare and social enhancement – 14.4 percent of its 2022 spending and the third largest line item after educational and military. The Saudi Arabian government intends to privatize the healthcare industry. As a result, the market will grow significantly in this region.
The Brazil market dominated the LAMEA Digital Freight Matching Market, By Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $5,344.7 million by 2030. The Argentina market is showcasing a CAGR of 34.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 33.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Digital Freight Matching Market is Projected to reach USD 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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