Market Size of Digital Freight Forwarding Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 34.67 Billion |
| Market Size (2029) | USD 92.84 Billion |
| CAGR (2024 - 2029) | 21.77 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Digital Freight Forwarding Market Analysis
The Digital Freight Forwarding Market size is estimated at USD 34.67 billion in 2024, and is expected to reach USD 92.84 billion by 2029, growing at a CAGR of 21.77% during the forecast period (2024-2029).
Digitization is continuing to be one of the key drivers supporting growth of the current economy. Companies like convoy, Uber Freight and uShip are coming up with new platforms to fill in the gaps in the logistics industry. With Digital freight forwarding the manual process will be reduced. All the quotations for freight forwarding will be available at one platform without the hassle of hours of conversation and paper trails. The major benefits of digital freight forwarding include instant quotes, transparent pricing, comparison of rates and carriers, tracking, easy documentation and others. The logistics industry is developing to a paperless digitized industry supporting the growth of the market.
