Cargo
management solutions are designed to meet the needs of air,
water and road cargo, and freight transportation companies. Such
solutions are deployed to transport passenger and industrial cargo
from one place to another safely and securely. Cargo management
solutions tracks the item in transit and provides alternate and
cost-effective routes for easier and faster transportation.
Additionally, these software provides vendor and carrier
communication tools along with warehousing and maintenance solutions
for preservation and safety of the goods. Recent developments in
cargo management solutions have included analytics and best practices
in quality management and operations management to further benefit
the end-users. These solutions also enable integration of other
software solutions which include customer relationship management
(CRM), financial management and others to provide augmented
end-to-end services. Some software solutions also include fleet
management options to cater to logistics companies managing large
number of vehicles in various routes.
Population growth
and outsourcing of manufacturing activities have led to the growing
demand for augmented cargo management solutions. The need for safety
and security of shipments are some of the major factors aiding the
growth of cargo management solutions. Timely delivery and
cost-effectiveness are some of the major concerns for regular trading
and shipping organizations. Cargo management solutions provide tools
to meet and address these concerns. This has further enhanced the
growth prospects of the cargo management systems market.
Additionally, rise in air cargo volumes and necessity for faster and
better transportation has resulted in an increase in requirement for
cargo management solutions to effectively manage such concerns.
Advancements in technology are driving innovations in the cargo
management solutions market which include integration of software for
finance, workforce management and customer relationship management to
meet end-to-end functioning of the organization. Increasing
maintenance costs and high set-up costs along with strong
infrastructure are some of the major challenges encountered by the
market. Integration of big data analytics solutions are expected to
drive the growth of the market during the forecast period.
Consolidation of orders is a growing trend in case of small shipments
in order to minimize costs.
The global cargo
management solutions market can be segmented on the basis of
deployment, end-use industry, service, mode of transportation and
geography. On the basis of deployment, the market has been segregated
into cloud-based, on-premise and hybrid solutions. Based on end-use
industry, the cargo management solutions market has been divided into
manufacturing, trading, travel and tourism, logistics, courier and
delivery services, and others. In terms of service, the market can be
segmented into integration service, support and maintenance service
and consulting service. Based on mode of transportation, the market
is divided into water, air, rail and road. As per geography, the
global cargo management solutions market can be classified into
Europe, North America, Asia Pacific, Middle East and Africa and South
America.
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Some of the leading
players in the global cargo management solutions market are Damco,
IBS Software Services, Camelot 3PL Software, Awery Aviation
Management System, Bitmetric Technologies, Jada Management Systems,
Catapult International, LeanLogistics, Accenture PLC, Hyundai
Merchant Marine, Agility and Sabre.
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