Air freight software Market Overview
Air Freight Software Market size is projected to register a CAGR of 8.2% from 2020-2027
The advancement in technology accelerates with the improved and innovative solutions. The air freight software market was the improved software advancements which show their advantages in the aviation sector. For shipment purposes, the officials of aviation field pay attention to air freight software technology. The air freight software solution was used for the real time of acceptance of the freight.
The speed and performance of cargo management solutions was boost by the improved feature of advanced air freight software solution. The air freight software market provides the cost-effective shipment and helps in auto booking the cargo shipment with analyses of prices. The air freight software market growth was progressing world wide because of its advanced application. The air freight software market values was also boost by the revenue management and other operational activities.
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Industry News
The key players which are involved in the global air freight software market are – Freight data 2000 (UK), Freightos (Hong Kong), FreightPOP (US), Freightview (US), Hard Core Technology Corp. (US), Infor (India), Magaya (US), Riege Software International GmbH (Germany), Sprocket (India) and The Descartes Systems Group Inc. (US).
It also maintains the booking details of the cargo which are provided in the dashboard to monitor the consignment on the flight and also enables the exchange of data paper less which was more effective and rapid. It also manages the shipment of air export from initial quotes to final booking. The services of the aviation sector were propelled by the government’s support with the increased investment for effective services. The global air freight software market was reached to the CAGR of 8.2% during the forecast period.
There was a negative impact on the aviation sector and aviation related market in the covid 19 pandemic. Due to lockdown restrictions, there was a huge downfall in the travel and transportation which affect the air freight software market share. Due to the halted of shipment of goods and services the delivery process was delayed by the customers. The global air freight software market was increased with the rise in need for import and export.
The major challenging factor for the air freight software market was the operational evolution for small players and cost sensitivity. The cloud segment provides huge opportunities to the air freight software market. The on-premise segment was installed to run the server of the company and cloud-based segments are hosted for the vendor’s server which are accessed through the browser. The broker segment was the second largest segment with the high CAGR value.
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Market Segmentation
The global air freight software market was segmented on the basis of type and end user.
On the basis of type, the global air freight software market was divided on the basis of on premise and cloud based.
On the basis of end user, the global air freight software market was divided on the basis of third-party logistics, forwarders, brokers and shippers.
Regional Classification
The global air freight software market was spread in the following regions – North America, Europe, Asia Pacific and Rest of the World.
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