New York, NY, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Digital Freight Brokerage Market by Type (Roadway, Seaway, Airway, and Railway) and by Vertical (Food and Beverages, Automotive, Retail & E-commerce, Healthcare, Manufacturing, and Others [Defense, Aerospace, etc.]): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2026”. According to the report, the global digital freight brokerage market was valued at approximately USD 836.06 million in 2017 and is expected to generate revenue of around USD 21,355.49 million by end of 2026, growing at a CAGR of more than 43.0% between 2018 and 2026.

The digital freight broker is also referred to as urbanization of trucking. The digitalization is the latest craze in the logistics industry. The latest advancement in freight brokerage is the adoption of technically advanced apps. The increasing technological innovation in supply chain and logistics are gaining the attention of digital freight brokers market. The proliferation of on-demand or app-based trucking providers is gaining a noteworthy amount of investment and attention.

Browse through 49 Tables & 26 Figures spread over 130 Pages and in-depth TOC on “Global Digital Freight Brokerage Market: Industry Size, Share, Growth Analysis and Forecast, 2017 - 2026”.

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The digital freight brokerage market is segmented on the basis of type, vertical, and by geography. Based on the type, the digital freight brokerage market is categorized into roadway, railway, seaway, and airway. By type, the roadway segment accounted for highest share in the global digital freight management brokerage market in 2017 and is expected to remain dominant over the forecast period. To utilize cargo space and avoid hefty brokerage fees, the uses of digital applications are increasing in the trucking industry. Road shipping is a flexible mode of transport of goods nationwide, and thus this segment contributed the highest share in the global digital freight brokerage market. The seaway segment is anticipated to register highest CAGR from 2018 to 2026 in the global digital freight brokerage market.

Food and beverages, retail & e-commerce, automotive, manufacturing, healthcare, and others (defense, aerospace, etc.) are the key industry verticals of the global digital freight brokerage market. The retail & e-commerce segment accounted for the highest share of more than 30% in the global digital freight brokerage market in 2017. The large transportation of retail & e-commerce products is the key factor contributing towards the high share of segment in the global digital freight brokerage market. 

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North America dominated the digital freight brokerage market in terms of value share in 2017 and is expected to remain dominant over the forecast period. The strong presence of IT industry and a large number of consumers in the region are contributing towards the growth of the market in the region. Growing requirement for process automation and the advancements in the freight brokerage has contributed to the growth of global digital freight brokerage market in the U.S.  The digital network among trusted partners is expected to make freight procurement proactive and automatic. The high awareness among the freight brokers about digital technology is also boosting the growth of the global digital freight brokerage market in North America.

After North America, Europe is the second largest market for the digital freight brokerage and is anticipated to show significant growth over the coming years. The increasing imports and exports in Europe for automotive and e-commerce sectors are expected to drive the growth of the digital freight brokerage market. Moreover, the high development for technological connectivity in the U.K., France, and Germany is also contributing towards the significant share of digital freight brokerage market in Europe.

Browse the full "Digital Freight Brokerage Market by Type (Roadway, Seaway, Airway, and Railway) and by Vertical (Food and Beverages, Automotive, Retail & E-commerce, Healthcare, Manufacturing, and Others [Defense, Aerospace, etc.]): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2026" report at https://www.zionmarketresearch.com/report/digital-freight-brokerage-market

The Asia Pacific is anticipated to have the highest CAGR over the forecast period. The web-based apps business has a high potential to grow as one of the most globally detached high-tech industries. This sector has seen very high growth rates during the last two decades and an intense upsurge in the spread of computer software and services worldwide. The developing countries such as China and India of the region has shown an increased expansion of the IT industry in the last decade which has positively contributed to the digital freight brokerage market in the Asia Pacific region.

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Some of the key players in digital freight brokerage market include Coyote Logistics, Echo Global Logistics Inc., Convoy, Transfix, LLC, Trucker Path Inc., Cargomatic Inc., Cargocentric Inc., J.B. Hunt Transport, Inc., TGMatrix Limited, and Uber Freight.

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This report segments the global digital freight brokerage market as follows:

Global Digital Freight Brokerage Market: Type Segment Analysis

  • Roadway
  • Seaway
  • Airway
  • Railway 

Global Digital Freight Brokerage Market: vertical Segment Analysis

  • Food and Beverages
  • Automotive
  • Healthcare & e-commerce
  • Manufacturing
  • Others (Defense, Aerospace, etc.)

Global Digital Freight Brokerage Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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