The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Overview of Market Growth

• The digital freight matching market is expanding rapidly.
• Market size increased from $25.57 billion in 2023 to $32.29 billion in 2024.
• This growth represents a CAGR of 26.3%.

Historical Growth Drivers

• Driver Shortage: Rising demand for drivers.
• Internet and Smartphones: Increased internet access and smartphone proliferation.
• IoT Integration: Enhanced logistics efficiency through IoT devices.
• Sustainability Focus: Shift towards green logistics.
• Autonomous Vehicles: Emerging tech in logistics.

Future Market Projections

• Expected market size: $83.23 billion by 2028.
• Forecasted CAGR: 26.7%.

Key Drivers for Future Growth

• E-commerce Rise: Increased online shopping activities.
• Supply Chain Optimization: Improved efficiency in logistics.
• Environmental Awareness: Growing focus on sustainable practices.
• Globalization: Expanding international trade.
• Transparency Demand: Customers seeking more visibility in shipping processes.

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Major Trends in the Market

• Real-time Communication: Instant updates and tracking.
• AI and Machine Learning: Advanced data analytics for better matching.
• Blockchain: Enhanced security and transparency.
• Automated Ecosystem: Seamless integration of logistics processes.
• Digital Freight Brokerage: Platforms for easier matching.
• Freight Logistics Solutions: Comprehensive service offerings.

E-Commerce Activities Fueling the Market

• Convenience: E-commerce offers easy shopping experiences.
• Variety: Wide range of products available online.
• Competitive Pricing: Online platforms offer better deals.
• Personalization: Tailored shopping experiences for customers.
• Growth Statistics: US e-commerce sales estimated at $1,118.7 billion in 2023, a 7.6% increase from 2022.

Leading Companies in the Market

• Uber Freight LLC
• Schneider National Inc.
• Roper Technologies Inc.
• Flexport Inc.
• Trimble Inc.
• Echo Global Logistics Inc.
• TOTAL QUALITY LOGISTICS LLC
• Redwood Logistics
• Convoy Inc.
• Delhivery
• Coyote Logistics
• Transfix Inc.
• Project44
• Roadie Inc.
• Cargomatic Inc.
• Loadsmart
• Getloaded
• VeriTread LLC

Advanced Technology Platforms in Digital Freight Matching

• Fr8Now: An online marketplace for efficient freight operations.
• Technology Utilization: Algorithms and data analytics for real-time matching.
• Example: Freight Technologies, Inc. launched Fr8Now in March 2023, offering LTL services in Mexico.

Notable Acquisitions

• Uber Freight and Transplace: In November 2021, Uber Freight acquired Transplace for $2.25 billion.
• Objective: To create a leading logistics technology platform with comprehensive transportation and logistics network.

Market Segmentation

1. Platform Type: Open Marketplace, Private/Enterprise, Brokerage-Owned.
2. Deployment Model: Cloud-Based, On-Premises.
3. Service: Freight Matching, Value Added Services.
4. Transportation Mode: Full Truckload, Less-than-Truckload, Intermodal, Others.
5. Industry: Food and Beverages, Retail and E-commerce, Manufacturing, Oil and Gas, Automotive, Healthcare, Others.

Regional Insights

• North America: Largest region in the digital freight matching market in 2023.
• Asia-Pacific: Expected to be the fastest-growing region in the forecast period.

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The Digital Freight Matching Global Market Report 2024  provides an overview of the digital freight matching market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The digital freight matching market forecast analyzes digital freight matching market size, digital freight matching market share, leading competitor and their market positions.

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