Digital Freight Brokerage Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

The global digital freight brokerage market size was valued at $2.83 billion in 2022, and is projected to reach $9.82 billion by 2030, registering a CAGR of 19.5% during the forecast period (2023-2030). The growing popularity of cell phones and laptops is driving growth in the global market for digital freight brokerage. Digital developments facilitate this process by making it more efficient and fruitful by allowing shippers to locate carriers on demand and eliminating unexpected brokerage fees. Furthermore, growing wireless connectivity and network technologies, such as 3G and 4G, are anticipated to have a favorable effect on market development, especially in emerging nations.

The significant entrance of companies that use new technologies such as AI and ML to predict demand from shippers and carriers is expected to impact the development of the digital freight brokerage market in the coming years. The increased use of technology is assisting in the automation and time-saving of processes from the broker's end, thereby boosting demand for digital freight brokerage solutions. For instance, in July 2020, Uber Freight revealed intentions to acquire Route Match Software, Inc., a public transportation agency software business located in Atlanta, Georgia, USA. By purchasing RouteMatch Software, Inc., the company intends to grow its public transportation industry with advanced solutions. For instance, in 2020, C.H. Robinson Worldwide, Inc. revealed the purchase of Prime Distribution Services in order to increase its market share and recognition among various sectors by providing quality services to shippers and consumers.

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Market Coverage

• The market number available for - 2022-2030

• Base year- 2022

• Forecast period- 2023-2030

Segment Covered-

· By Platform

· By Deployment

· By Transportation Mode

Regions Covered-

• North America

• Europe

• Asia-Pacific

• Rest of the World

Competitive Landscape- C.H. Robinson, Cargocentric Inc., Cargomatic Inc., CEVA Logistics, Convoy, Coyote Logistics LLC, DAT Solutions LLC, DB Schenker Logistics, DHL International GmbH, Echo Global Logistics, and others.

Digital Freight Brokerages Market Report Segment

By Platform

· Specialized & Generic Marketplaces

· Crowd Shipping Platform

· Digital Freight Exchange

· Tender Platform

· Others

By Deployment

· Desktop

· Mobile

By Transportation Mode

· Roadways (Truck, Trailer, Lorry)

· Seaways

· Airways

· Railways

· Others

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Digital freight brokerages Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· C.H. Robinson

· Cargocentric Inc.

· Cargomatic Inc.

· CEVA Logistics AG

· Convoy, Inc.

· Coyote Logistics LLC

· DAT Solutions LLC

· Schenker AG

· DHL International GmbH

· Echo Global Logistics

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