Digital Freight Matching Market

Digital Freight Matching Market Size Survey Report – In a Glance

As per the survey report on global Digital freight matching market, the market is projected to foresee a CAGR of 32.2% between 2024-2033, and further generate a market size of USD 362.7 billion revenue by the end of 2033. In the year 2024, the market size was valued at USD 42.2 billion revenue.

• The global Digital freight matching market is projected to grow on account of the rising demand for real-time tracking.
• In Japan, the Digital freight matching market growth can be attributed to the growing e-commerce industry.
• KDMI analyst’s growth analysis foresees regulatory and compliance concerns to challenge the market growth.
• North America, having the highest market share in the Digital freight matching market, is projected to dominate the global market.

Digital Freight Matching Market Analysis

Digital freight matching (DFM) is a smart technology process that connects carriers and shippers in real-time through digital platforms using smart algorithms, improving efficiency, minimizing costs, and increasing transparency in the shipping industry. Moreover, the expectation of accurate and instant updates on orders is spurring the demand for DFM technology. Real-time visibility aids better choices, improves transportation efficiency, and encourages wider adoption of digital freight technology. In addition, shippers and carriers profit from instant shipment matching and streamlined routing. Therefore, the rising demand for real-time tracking is pushing the DFM market forward worldwide. As per a report, it was assumed that in 2024, smart technology will maintain its skyrocketing trend, which again indicates an upsurge in the market. Uber Freight (U.S.), Convoy (U.S.), Transfix (U.S.), are some of the significant parties in the global market for Digital freight matching.

Analyst’s Observation on Japan Digital Freight Matching Market Survey

In Japan, the market is seeing exciting growth for Digital freight matching (DFM) which can be attributed to the growing e-commerce industry. After China, the United States, and the United Kingdom, Japan holds the fourth position in the global eCommerce market. Despite having a rich cultural heritage, the nation grabs global attention for its visionary approach and technological advancements. This perfect blend of tradition and modern digital solutions is shaping a new era of progress in the e-commerce industry which in turn demands swift, budget-friendly, and versatile supply chain solutions. Hence, by making the freight movement swifter, data-driven, and economically viable, DFM fulfills the customer demands while ensuring market leadership, eventually propelling the DFM market in the region.

Digital Freight Matching Market Growth Drivers and Challenges

Growth Drivers

Boom in the online sales

The future of the e-commerce sector holds great possibilities ahead. The growth of next-generation technologies has resulted in a more personalized and online shopping experience, ultimately increasing the demand for freight and logistics in order to meet customer needs. However, the rise of online sales is fueling due to a range of factors like increasing usage of the internet, pocket-friendly data plans, rising mobile phone utilization, improved financial condition, and more. Over the past ten years, the global ecommerce sales for B2B businesses have been consistently increasing every year with the global B2B ecommerce market valued at USD$36 trillion by 2026. Therefore, the escalating graph of online sales is advancing the digital freight matching (DFM) industry due to the growing demand for quicker shipping.

Increasing automation and digitalization:

Automation and digitalization of a business can speed up the company’s growth to manifolds, unlocking access to new markets and better consumer services. It improves productivity and reduces human intervention by automating workflows, optimizing work and streamlining operations. Furthermore, automation not only saves time in repetitive processes, but also offers other benefits such as fewer mistakes and improved efficiency. In today’s world, the digital economy is on the rise with double the smart phone shipments since 2010, touching 1.2 billion in 2023 and 2.5 times Internet of Things (IoT) devices are forecasted to surge from 2023 to 39 billion by 2029. Therefore, these digital technologies enable quicker decision-making and enhance the connectivity between carrier and shipper, thereby, boosting the market expansion.

Restraints

Regulatory and compliance concerns

The freight and shipping sector is bound by numerous legal requirements enforced by governments and other regulatory bodies across the world. These policies comprise safety standards, data privacy laws, import/export regulations, labor laws, and more. Therefore, the global digital freight matching market is greatly hampered by the strict regulatory guidelines and compliances imposed on it.

Shortage of qualified drivers:

The freight sector often struggles with a shortfall of qualified drivers which causes delays and higher costs, limiting carrier availability. This further weakens the platform’s effectiveness, deterring shippers and causing trust issues which ultimately impede the overall market. Therefore, the digital freight matching (DFM) market requires a steady supply of skilled drivers to thrive worldwide.

Digital Freight Matching Market Segmentation

Our experts at KD Market Insights have segmented the global Digital freight matching market research report as:

Digital Freight Matching Market Regional Synopsis

North America led the global Digital freight matching market and is mainly determined by a well-developed logistics and transport system. In fact, businesses can ensure smoother good transportation throughout the world’s market by strengthening financial support for transportation and logistics operations.

As per reports, the United States business logistics industry hit $2.3 trillion in 2023 and contributing 8.7 percent of GDP that year. Additionally, Canada is home to one of the most advanced and well-developed transportation infrastructures, which consequently helps in acquiring a business logistics advantage, ultimately steering the market. Beyond this, the growing e-commerce industry, increasing digitalization, heightened inclination towards technological advancements, large-scale internet coverage and skyrocketing online shopping systems are further playing key roles in the market’s expansion and development across the region.

Asia-Pacific records the fastest growth in the digital freight matching market due to various factors such as rapid urban development, improving transportation infrastructure, expanding production efficiency and growing adoption of advanced technologies. India and Japan are leading across the region due to the rising levels of production and consumption of goods during the given time period. To be precise, the growth strategy of India’s economy is marked by a strong dependence on domestic consumption. Furthermore, China and India is majorly contributing to the market by extensively using freight services and transportation systems with the help of digital platforms. In addition to that, the extensive reach and diversity of the region poses supply chain difficulties, which can be resolved by digital freight matching platforms.

Europe emerges as the second most significant digital freight management market, generating a profit of 25.3%. This is because of the existence of several IT companies, surged technological advancements, and the increased adoption of freight management system tools. Modernizing through digital means is a core objective in Europe. From phone calls to online shopping, the region targets to touch different spheres of life by 2030. According to the target, 80% of the total adult population must acquire a minimum level of digital proficiency. Digitalization and other technological developments, along with the growth of the e-commerce sector, are foreseen to make an additional impact on the digital freight management market growth.

As per our analysts at KD Market Insights, the following five players lead the North America Digital freight matching market growth:

• Uber Freight (U.S.)
• Convoy (U.S.)
• Transfix (U.S.)
• Loadsmart (U.S.)
• Flexport (U.S.)

Digital Freight Matching Market Competitive Landscape

Some of the key players who top the global Digital freight matching market share:

• Uber Freight (U.S.)
• Convoy (U.S.)
• Transfix (U.S.)
• Loadsmart (U.S.)
• Flexport (U.S.)
• Freightos (Israel)
• NEXT Trucking (U.S.)
• Trucker Path (U.S.)
• Cargomatic (U.S.)
• 10-4 Systems (U.S.)
• LaneAxis (U.S.)
• Shipwell (U.S.)
• DAT Solutions (U.S.)
• KeepTruckin (U.S.)
• Freightera (Canada)
• CargoX (Brazil)
• Quicargo (Netherlands)
• Sennder (Germany)
• uShip (U.S.)
• ShipChain (U.S.)

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Digital Freight Matching Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Platform
      2. By Service
      3. By Transportation mode
      4. By Industry vertical
      5. By End-use
      6. By Region
5. Market Segmentation by Platform
   1. 1. Web-based
      2. Mobile-based
      3. Others
6. Market Segmentation by Service
   1. 1. Load posting
      2. Carrier search
      3. Real-time matching
      4. Others
7. Market Segmentation by Transportation mode
   1. 1. Rail freight
      2. Road freight
      3. Ocean freight
      4. Air freight
      5. Others
8. Market Segmentation by Industry vertical
   1. 1. Food & beverages
      2. Retail & E-commerce
      3. Manufacturing
      4. Oil & gas
      5. Automotive
      6. Healthcare
      7. Others
9. Market Segmentation by End-use
   1. 1. Shippers
      2. Carriers
      3. Freight brokers
      4. 3PL 
      5. Others
10. Regional Analysis
    1. North America
       1. United States
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
       2. Canada
          1. Market Size and Forecast
          2. Key Trends and Developments
       3. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
       4. Mexico
          1. Market Size and Forecast
          2. Key Trends and Developments
    2. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
    3. Europe
       1. United Kingdom
          1. Market Size and Forecast
          2. Key Trends and Developments
       2. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
       3. Germany
          1. Market Size and Forecast
          2. Key Trends and Developments
       4. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
       5. France
          1. Market Size and Forecast
          2. Key Trends and Developments
       6. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
       7. Italy
          1. Market Size and Forecast
          2. Key Trends and Developments
       8. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
       9. Spain
          1. Market Size and Forecast
          2. Key Trends and Developments
       10. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
       11. Rest of Europe
           1. Market Size and Forecast
           2. Key Trends and Developments
    4. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
    5. Asia Pacific
       1. China
          1. Market Size and Forecast
          2. Key Trends and Developments
       2. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
       3. Japan
          1. Market Size and Forecast
          2. Key Trends and Developments
       4. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
       5. India
          1. Market Size and Forecast
          2. Key Trends and Developments
       6. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
       7. Australia
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
          4. South Korea
          5. Market Size and Forecast
          6. Key Trends and Developments
       8. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
       9. Rest of Asia Pacific
          1. Market Size and Forecast
          2. Key Trends and Developments
    6. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
    7. Latin America
       1. Brazil
          1. Market Size and Forecast
          2. Key Trends and Developments
       2. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
       3. Argentina
          1. Market Size and Forecast
          2. Key Trends and Developments
       4. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
       5. Colombia
          1. Market Size and Forecast
          2. Key Trends and Developments
       6. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
       7. Rest of Latin America
          1. Market Size and Forecast
          2. Key Trends and Developments
    8. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
    9. Middle East & Africa
       1. South Africa
          1. Market Size and Forecast
          2. Key Trends and Developments
       2. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
       3. Saudi Arabia
          1. Market Size and Forecast
          2. Key Trends and Developments
       4. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
       5. UAE
          1. Market Size and Forecast
          2. Key Trends and Developments
       6. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-use
       7. Rest of Middle East & Africa
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Platform, Service, Transportation mode, Industrial vertical and End-user
11. Competitive Landscape
    1. Market Share Analysis
    2. Company Profiles
       1. Uber Freight (U.S.)
       2. Convoy (U.S.)
       3. Transfix (U.S.)
       4. Loadsmart (U.S.)
       5. Flexport (U.S.)
       6. Freightos (Israel)
       7. NEXT Trucking (U.S.)
       8. Trucker Path (U.S.)
       9. Cargomatic (U.S)
12. Strategic Recommendations
13. Appendix
    1. List of Tables
    2. List of Figures
14. References