Global Digital Shipment market likely to drive as it helps manufacturers to view the real-time production processes and the analytics insights gathered throughout their supply chain
The global digital shipment market projected to grow at a CAGR of over 9.87% from 2020-2027. The primary factors are the growing demand for digital shipment to improve predictions and reduce disruptions, which can enable the efficient shipping of goods. Additionally, the rise in the demand for on-time delivery of products and raw materials, that encourages the fleet owners to implement digital shipment technology, which is anticipated to raise the market growth. Moreover, the growing applications of digital shipping to improve inventory management and minimize supply chain errors by making data available at a click to any stakeholder are estimated to propel the demand for digital shipment.
Digital freight forwarders provide the option to share all the documents needed for each shipment on its online platform. It is easy for every participant to access when needed quickly. It allows customers to enjoy seamless booking capabilities in addition to direct access to integrated trade services. Digital shipping delivers an integrated container logistics solution and brings enterprise shippers a seamless experience throughout their supply chain. In addition to a digital booking platform, customers can access trade services such as freight financing, insurance, customs brokerage, trucking, and warehousing in the near future.
Furthermore, the upsurge in demand for digital shipping for better shipment tracking by providing an online platform to buy and manage freight services will accelerate the growth of the global digital shipping industry in the future time. Through digital shipping, manufacturers can choose shipping partners with a comparable level, which leads to demand for digital shipping in the next few years. Digital freight forwarders have a notification system and provide better visibility to help customers always understand the operation of the goods.
Type Overview in the Global Digital Shipment Market
Based on type, the global digital shipment market classified into Digital Shipping Lines and Digital freight forwarders. The Digital freight forwarders segment likely to lead the market by 2027. It is owing to the digital freight forwarders help in provide better visibility to help customers always understand the operation of the goods, improve efficiency, and provide a better customer experience. Also, digital shipping help to provide access to online platforms to purchase and manage freight services, enabling people to better track freight.
Solution Overview in the Global Digital Shipment market
Based on Solution, the global Digital Shipment market segregated into Freight Tracking & Monitoring, Cargo Routing & Scheduling, Cargo Security, EDI, TMS, Order Management, Claims Management, and Others. The Freight Tracking & Monitoring segment witnessed the largest market share in 2019 and will dominate by 2027. It is owing to the rise in demand for visibility, track and trace, and security and monitoring applications and technologies.
End-User Overview in the Global Digital Shipment Market
Based on end-user, the global digital shipment market classified into Third-Party Logistics, Forwarders, Brokers, Shippers, and Carriers. The Forwarders segment projected to lead the market by 2027. It is due to digital shipping helping the forwarders to reduce costs and increase value-add from supply chain partners such as promoting transparent process management and providing better buying experiences for customers.
Regional Overview in the Global Digital Shipment Market
By geography, the Global Digital Shipment Market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia-Pacific held a higher market share in 2019 and will continue its dominance by 2027. It is attributable to the rapid growth of industrialization, rising in international trade, and growing demand for digital shipping from manufacturers of foreign goods and the vendors of freight.
Global Digital Shipment Market: Competitive Landscape
Companies such as A.P. Moller - Maersk AS, COSCO SHIPPING International (Hong Kong) Co. Ltd., CMA CGM Group, Evergreen Group, Hapag Lloyd, HYUNDAI Merchant Marine Co. Ltd., Mediterranean Shipping Co. SA, Ocean Network Express Pte. Ltd., Yang Ming Marine Transport Corp., and Zim Integrated Shipping Services Ltd. are the key players in the global digital shipment market.
Global Digital Shipment Market Report Content 1. Research Strategic Development 1.1. Market Modelling 1.2. Product Analysis 1.3. Market Trend and Economic Factors Analysis 1.4. Market Segmental Analysis 1.5. Geographical Mapping 1.6. Country Wise Segregation 2. Research Methodology 2.1. Identification of Target Market 2.2. Data Acquisition 2.3. Refining of Data/ Data Transformations 2.4. Data Validation through Primary Techniques 2.5. Exploratory Data Analysis 2.6. Graphical Techniques/Analysis 2.7. Quantitative Techniques/Analysis 2.8. Visual Result/Presentation 3. Executive Summary 4. Market Insights 4.1. Economic Factor Analysis 4.1.1. Drivers 4.1.2. Trends 4.1.3. Opportunities 4.1.4. Challenges 4.2. Technological Landscape 4.3. Competitors & Product Analysis 4.4. Regulatory Framework 4.5. Company market share analysis, 2019 4.6. Porter's Five forces analysis 4.7. New Investment Analysis 4.8. PESTEL Analysis 5. Global Digital Shipment Market Overview 5.1. Market Size & Forecast, 2016-2027 5.1.1. Demand 5.1.1.1. By Value (USD Million) 5.2. Market Share & Forecast, 2016-2027 5.2.1. By Type 5.2.1.1. Digital Shipping Lines 5.2.1.2. Digital freight forwarders 5.2.2. By Solutions 5.2.2.1. Freight Tracking & Monitoring 5.2.2.2. Cargo Routing & Scheduling 5.2.2.3. Cargo Security 5.2.2.4. EDI 5.2.2.5. TMS 5.2.2.6. Order Management 5.2.2.7. Claims Management 5.2.2.8. Others 5.2.3. By End-User 5.2.3.1. Third-Party Logistics 5.2.3.2. Forwarders 5.2.3.3. Brokers 5.2.3.4. Shippers 5.2.3.5. Carriers 5.2.4. By Region 5.2.4.1. North America 5.2.4.2. Europe 5.2.4.3. Asia Pacific 5.2.4.4. South America 5.2.4.5. Middle East & Africa 6. North America Digital Shipment Market Overview 6.1. North America Digital Shipment Market Size & Forecast, 2016-2027 6.1.1. Demand 6.1.1.1. By Value (USD Million) 6.2. North America Digital Shipment Market Share & Forecast, 2016-2027 6.2.1. By Type 6.2.1.1. Digital Shipping Lines 6.2.1.2. Digital freight forwarders 6.2.2. By Solutions 6.2.2.1. Freight Tracking & Monitoring 6.2.2.2. Cargo Routing & Scheduling 6.2.2.3. Cargo Security 6.2.2.4. EDI 6.2.2.5. TMS 6.2.2.6. Order Management 6.2.2.7. Claims Management 6.2.2.8. Others 6.2.3. By End-User 6.2.3.1. Third-Party Logistics 6.2.3.2. Forwarders 6.2.3.3. Brokers 6.2.3.4. Shippers 6.2.3.5. Carriers 6.2.4. By Country 6.2.4.1. US 6.2.4.2. Canada 6.2.4.3. Mexico 6.2.5. Company Market Share (Top 3-5) 6.2.6. Economic Impact Study on North America Digital Shipment Market 7. Europe Digital Shipment Market Overview 7.1. Europe Digital Shipment Market Size & Forecast, 2016-2027 7.1.1. Demand 7.1.1.1. By Value (USD Million) 7.2. Europe Digital Shipment Market Share & Forecast, 2016-2027 7.2.1. By Type 7.2.1.1. Digital Shipping Lines 7.2.1.2. Digital freight forwarders 7.2.2. By Solutions 7.2.2.1. Freight Tracking & Monitoring 7.2.2.2. Cargo Routing & Scheduling 7.2.2.3. Cargo Security 7.2.2.4. EDI 7.2.2.5. TMS 7.2.2.6. Order Management 7.2.2.7. Claims Management 7.2.2.8. Others 7.2.3. By End-User 7.2.3.1. Third-Party Logistics 7.2.3.2. Forwarders 7.2.3.3. Brokers 7.2.3.4. Shippers 7.2.3.5. Carriers 7.2.4. By Country 7.2.4.1. Germany 7.2.4.2. UK 7.2.4.3. France 7.2.4.4. Italy 7.2.4.5. Rest of Europe 7.2.5. Company Market Share (Top 3-5) 7.2.6. Economic Impact Study on Europe Digital Shipment Market 8. Asia Pacific Digital Shipment Market Overview 8.1. Asia Pacific Digital Shipment Market Size & Forecast, 2016-2027 8.1.1. Demand 8.1.1.1. By Value (USD Million) 8.2. Asia Pacific Digital Shipment Market Share & Forecast, 2016-2027 8.2.1. By Type 8.2.1.1. Digital Shipping Lines 8.2.1.2. Digital freight forwarders 8.2.2. By Solutions 8.2.2.1. Freight Tracking & Monitoring 8.2.2.2. Cargo Routing & Scheduling 8.2.2.3. Cargo Security 8.2.2.4. EDI 8.2.2.5. TMS 8.2.2.6. Order Management 8.2.2.7. Claims Management 8.2.2.8. Others 8.2.3. By End-User 8.2.3.1. Third-Party Logistics 8.2.3.2. Forwarders 8.2.3.3. Brokers 8.2.3.4. Shippers 8.2.3.5. Carriers 8.2.4. By Country 8.2.4.1. China 8.2.4.2. India 8.2.4.3. Japan 8.2.4.4. Australia 8.2.4.5. Rest of Asia Pacific 8.2.5. Company Market Share (Top 3-5) 8.2.6. Economic Impact Study on Asia Pacific Digital Shipment Market 9. South America Digital Shipment Market Overview 9.1. South America Digital Shipment Market Size & Forecast, 2016-2027 9.1.1. Demand 9.1.1.1. By Value (USD Million) 9.2. South America Digital Shipment Market Share & Forecast, 2016-2027 9.2.1. By Type 9.2.1.1. Digital Shipping Lines 9.2.1.2. Digital freight forwarders 9.2.2. By Solutions 9.2.2.1. Freight Tracking & Monitoring 9.2.2.2. Cargo Routing & Scheduling 9.2.2.3. Cargo Security 9.2.2.4. EDI 9.2.2.5. TMS 9.2.2.6. Order Management 9.2.2.7. Claims Management 9.2.2.8. Others 9.2.3. By End-User 9.2.3.1. Third-Party Logistics 9.2.3.2. Forwarders 9.2.3.3. Brokers 9.2.3.4. Shippers 9.2.3.5. Carriers 9.2.4. By Country 9.2.4.1. Brazil 9.2.4.2. Argentina 9.2.4.3. Rest of South America 9.2.5. Company Market Share (Top 3-5) 9.2.6. Economic Impact Study on South America Digital Shipment Market 10. Middle East & Africa Digital Shipment Market Overview 10.1. Middle East & Africa Digital Shipment Market Size & Forecast, 2016-2027 10.1.1. Demand 10.1.1.1. By Value (USD Million) 10.2. Middle East & Africa Digital Shipment Market Share & Forecast, 2016-2027 10.2.1. By Type 10.2.1.1. Digital Shipping Lines 10.2.1.2. Digital freight forwarders 10.2.2. By Solutions 10.2.2.1. Freight Tracking & Monitoring 10.2.2.2. Cargo Routing & Scheduling 10.2.2.3. Cargo Security 10.2.2.4. EDI 10.2.2.5. TMS 10.2.2.6. Order Management 10.2.2.7. Claims Management 10.2.2.8. Others 10.2.3. By End-User 10.2.3.1. Third-Party Logistics 10.2.3.2. Forwarders 10.2.3.3. Brokers 10.2.3.4. Shippers 10.2.3.5. Carriers 10.2.4. By Country 10.2.4.1. Saudi Arabia 10.2.4.2. UAE 10.2.4.3. South Africa 10.2.4.4. Rest of Middle East & Africa 10.2.5. Company Market Share (Top 3-5) 10.2.6. Economic Impact Study on Middle East & Africa Digital Shipment Market 11. Competitor Analysis 11.1. Company Description 11.2. Financial Analysis 11.3. Key Products 11.4. Key Management Personnel 11.5. Contact Address 11.6. SWOT Analysis 11.7. Company Profile 11.7.1. A.P. Moller - Maersk AS 11.7.2. COSCO SHIPPING International (Hong Kong) Co. Ltd. 11.7.3. CMA CGM Group 11.7.4. Evergreen Group 11.7.5. Hapag Lloyd 11.7.6. HYUNDAI Merchant Marine Co. Ltd. 11.7.7. Mediterranean Shipping Co. SA 11.7.8. Ocean Network Express Pte. Ltd. 11.7.9. Yang Ming Marine Transport Corp. 11.7.10. ZIM Integrated Shipping Services Ltd 11.7.11. Other Prominent Players
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