The global digital freight brokerage market is experiencing significant growth and is projected to reach $9.82 billion by 2030, with a compound annual growth rate (CAGR) of 19.5% during the forecast period of 2023-2030. The industry is undergoing a digital revolution as businesses increasingly utilize digital technologies to enhance their supply chain operations.
The rise in container shipments and air freight, driven by the constant replenishment of business stockpiles, has contributed to the global logistics development and directly impacted the digital freight brokerage market. Furthermore, the demand for improved air freight services and the challenges associated with air freight management are expected to drive air freight rates upward.
The market growth is driven by the growing use of smartphones and mobile apps by transporters and carriers to match services and requirements. The centralization of logistics operations and processes through smartphone apps also presents lucrative opportunities for market expansion.
The global digital freight brokerage market is segmented based on the platform, deployment, and transportation mode. The platforms include specialized and generic marketplaces, crowd shipping platforms, digital freight exchanges, tender platforms, and others. Deployment is categorized into desktop and mobile, while transportation modes include roadways, seaways, airways, railways, and others.
Geographically, North America and Europe are experiencing market growth due to advanced technologies and a rapid adoption of new technologies. However, Asia Pacific is expected to outperform other regions due to the adoption of digital freight brokerage in developing countries like India, China, and Japan.
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