Global Digital Freight Forwarding Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Digital Freight Forwarding Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Digital freight forwarding refers to the use of digital means to transport goods entrusted by the consignor from one place to another through a designated means of transport.

Market Overview:

The latest research study on the global Digital Freight Forwarding market finds that the global Digital Freight Forwarding market reached a value of USD 8768.67 million in 2022. It’s expected that the market will achieve USD 41205.94 million by 2028, exhibiting a CAGR of 29.42% during the forecast period.

Market Challenges and Restraints

Companies in the Industry Face Greater Challenges
Most of the industry is start-ups and the market is relatively fragmented. The digital freight forwarding industry is currently in the initial stage of development, which is an emerging part of the logistics industry. The industry does not have much experience for players to learn. There are many factors that affect the company's development, such as market environment, market opportunities, business direction, leadership team and so on. In the ever-changing information age, players will lose opportunities if they are slightly negligent. Therefore, the company's business direction and business strategy is particularly important.
In addition, the digital construction process faces many challenges, such as how to attract talent and investment at startup, how to digitize operations and automate processes, and how to market and maintain customer relationships. These are the issues that need to be faced right now.

Network information security

What is difficult to avoid in the digital process is the security of network information. Network security is not only related to IT functions, but also to the entire company. As the degree of enterprise virtualization increases, the areas that need to be defended are becoming wider and wider. For digital freight forwarding companies, the company's database is its core competitiveness, and the disclosure of information will cause a serious blow to it. Therefore, how to establish a secure network and deal with network information security risks is also a challenge for existing players.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

Maersk (Twill Logistics) is one of the major players operating in the Digital Freight Forwarding market, holding a share of 1.69% in 2019.

Twill Logistics mainly provides logistics services. The scope of services covers shipping, customs declaration, transportation insurance and inland transportation.

Headquartered in the United States, Flexport is principally engaged in freight forwarding and customs brokerage.

Segmentation Overview:

Among different product types, Seaway segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Chemicals segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Digital Freight Forwarding market covered in Chapter 3:

Qafila
Shipwaves
Shipa Freigh
HashMove
Haven
Zencargo
Cogoport
IUNGO Logistics
Flexport
Vamaship
Cargo One GmbH
Fleet
Kuehne + Nagel
DHL (Saloodo)
Explorate
Freight Bro
Boxnbiz
Xeneta
GenSFN
sennder GmbH
Freightos
FreightHub
Maersk (Twill Logistics)
DSV Panalpina
InstaFreight
Convoy
iContainers
Cargofive
Shippio

In Chapter 4 and Chapter 14.2, on the basis of types, the Digital Freight Forwarding market from 2018 to 2029 is primarily split into:

Roadway
Seaway
Airway
Railway

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Digital Freight Forwarding market from 2018 to 2029 covers:

Machines
Electronic Equipment
Vehicles
Chemicals
Precious Metals
Textile
Food and Beverages
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)