According to a new report, published by KBV research, The Global Digital Freight Matching Market size is expected to reach $224.1 billion by 2030, rising at a market growth of 30.9% CAGR during the forecast period.
The Freight Matching Services segment is generating the maximum revenue in the Global Digital Freight Matching Market, By Service in 2022; thereby, achieving a market value of $179.9 billion by 2030. Market players provide freight matching services like freight listing brokerage and online transaction services. These services are the platform's core services, and the market players have contracts with shippers and carriers for using brokerage services. The growing innovation in technologies such as AI and ML and their adoption in digital freight matching platforms is driving the growth of this segment.
The Intermodal segment is registering a CAGR of 32.3% during (2023 - 2030). Intermodal shipping includes goods shipment through a combination of truckload and rail. Intermodal transportation is a good option when shipping needs to be done over longer distances. It is a lower-cost alternative to truckload and a more environmentally sustainable option. Asia Pacific countries are taking initiatives to make intermodal transportation more effective by expanding their rail network. Intermodal transportation's cost-effectiveness and environmental sustainability drive the segment's growth.
The Mobile-based segment is leading the Global Digital Freight Matching Market, By Platform in 2022; thereby, achieving a market value of $135.8 billion by 2030. These platforms are designed to offer users, including shippers, carriers, and drivers, the flexibility and convenience of accessing DFM services and features on their mobile devices, such as smartphones and tablets. Mobile-based DFM platforms allow users to access essential transportation and logistics services from virtually anywhere, making it easier for carriers and drivers to stay connected and for shippers to manage their shipments on the go.
The Healthcare & Lifesciences segment would exhibit a CAGR of 32.5% during (2023 - 2030). The healthcare industry often deals with temperature-sensitive shipments, such as vaccines, medications, and biological samples. DFM platforms help compare these shipments with carriers equipped with temperature-controlled transport solutions to ensure the integrity of the products. DFM has proven to be a valuable tool in the healthcare sector, providing the reliable and efficient transportation of critical medical supplies, pharmaceuticals, and equipment.
The North America market dominated the Global Digital Freight Matching Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $73.4 billion by 2030. The Europe region is poised to grow at a CAGR of 30.4% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 31.8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/digital-freight-matching-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Service
By Transportation Mode
By Platform
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By Geography
Companies Profiled
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