Deerfield Beach, FL -- (SBWIRE) -- 07/20/2015 -- Global Freight Management System Market 2015-2018

A freight management system is a subset of supply chain management(SCM), concerning freight and cargo management operations. It is a sophisticated application, which provides solutions related to freight handling, scheduling, tracking, and billing-related services. These systems are efficient at providing integrated SCM solutions, which enhance the overall efficiency of the logistics management process. In addition, these systems use IT-enabled applications such as ERP and cloud computing, which further enhances the SCM process.

Global Freight Management System market to grow at a CAGR of 19.87 percent over the period 2013-2018.

Freight management solutions provide better security, and their cargo handling features help streamline the logistics management process.

About the Report
The new report focuses on the increase in adoption of intelligent transport systems (ITS) and transport management systems (TMS) in developing countries, which has spurred growth in the Global Freight Management System Market.

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Covered in this Report
This report covers the present scenario and the growth prospects of the Global Freight Management System market for the period 2015-2018. To calculate the market size, this report covers revenue generated by freight management system service providers. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the Global Freight Management System market. The report also provides data on different segments of the Global Freight Management System market. The market is segmented according to Freight Management System Solutions, Freight Management System Technology, and on the basis of Geography.

Global Freight Management System Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Freight Management System market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

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"The ITS Market in the APAC region is expected to grow at a CAGR of 6.66 percent during the forecast period, and the trend towards using smart transportation services in developing countries like India and China will also drive the growth of this market".

Overall, the market is witnessing an increase in the use of IT services in logistics management. IT-enabled services facilitate routine logistics activities and increase the overall efficiency of business processes. Services like EDI, cloud-based ERP and vendor management tools are being used more and more frequently for freight management services.