Press Release
Press Release
The global market for air freight software is driven by the increasing air freight traffic due to the advantages of cargo transportation via air, such as low risk of damage and speedy cargo delivery. In addition, the expanding e-commerce industry and the growing preference of consumers for online shopping are also projected to contribute to the growing air freight traffic. These factors are expected to lead to the increased adoption of air freight software to ensure the efficient management of cargo. Furthermore, the benefits offered by air freight software including streamlined cargo operations and real-time cargo tracking are further expected to propel the air freight software industry.
The growing demand for air freight software to improve productivity is leading many companies to develop advanced and innovative technological solutions, which is predicted to aid the market growth in the forecast period. For instance, Descartes Forwarder Logic™ developed by the Descartes Systems Group Inc (NASDAQ: DSGX) is one of the most comprehensive software-as-a-service freight operations platform that enables the traffic departments and freight forwarders to access real-time information through a single interface. Its main features include automated data entry, purchase order management, trade documentation, supply chain inventory, customs management, and reporting analytics through Descartes Reporting Systems. The major advantages of this software include efficient shipment handling, improved information integrity, error elimination, real-time connectivity with trade partners, streamlined payment process, and reduced investment costs, among others. Such developments are expected to invigorate the air freight software industry in the forecast period.
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The major players in the global air freight software market are CHAMP Cargosystems S.A., Freightdata 2000 Ltd, Freightos Limited, Infor (US), Inc., Magaya Corporation., Riege Software International GmbH., and The Descartes Systems Group Inc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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