What is the current market size and future outlook for the digital freight matching market?
The digital freight matching market size has grown exponentially in recent years. It will grow from $32.29 billion in 2024 to $41 billion in 2025 at a compound annual growth rate (CAGR) of 27.0%. The growth in the historic period can be attributed to rising driver shortage, the rise of the internet, the proliferation of smartphones, the integration of Internet of Things (IoT) devices, the focus on sustainability and green logistics, and the emergence of autonomous vehicles.
The digital freight matching market size is expected to see exponential growth in the next few years. It will grow to $105.28 billion in 2029 at a compound annual growth rate (CAGR) of 26.6%. The growth in the forecast period can be attributed to rise of e-commerce, increasing supply chain optimization, growing environmental awareness, increasing globalization, and customer demand for transparency. Major trends in the forecast period include real-time communication, artificial intelligence (AI) and machine learning, blockchain, seamless and automated ecosystem, digital freight brokerage platforms, and freight logistics solutions.
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What are the top drivers to the rising demand in the digital freight matching market?
The increasing e-commerce activities are expected to propel the growth of the digital freight matching market going forward. E-commerce activities refer to any commercial transactions conducted electronically over the internet. The e-commerce activity arises because of convenience, wide variety, competitive pricing, and personalization. Digital freight matching (DFM) is employed to enhance e-commerce activities by providing efficient, cost-effective, and transparent transportation solutions tailored to the specific needs of online businesses. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, total e-commerce sales were estimated at $1,118.7 billion by 2023, which increased by 7.6% (±1.2%) from 2022, and e-commerce total sales increased by 15.4% in 2023 from 14.7% in 2022. Therefore, increasing e-commerce activities are driving the digital freight matching market.
How is the digital freight matching market segmented?
The digital freight matching market covered in this report is segmented –
1) By Platform Type: Open marketplace Platforms, Private/Enterprise Platforms, Brokerage-Owned Platforms
2) By Deployment Model: Cloud Based, On-Premises
3) By Service: Freight Matching Services, Value Added Services
4) By Transportation Mode: Full Truckload (FTL), Less-than-truckload (LTL), Intermodal, Other Transportation Modes
5) By Industry: Food And Beverages, Retail And E-commerce, Manufacturing, Oil And Gas, Automotive, Healthcare, Other Industries
Subsegments:
1) By Open marketplace Platforms: B2B marketplaces, B2C marketplaces, Freight Exchange Platforms
2) By Private Or Enterprise Platforms: Custom Freight Matching Solutions, Proprietary Logistics Platforms, Private Logistics Networks
3) By Freight Broker Platforms: Freight Broker Platforms, Third-Party Logistics (3PL) Platforms, Broker-Led Freight Matching Solutions
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Who are the top competitors in the digital freight matching market?
Major companies operating in the digital freight matching market report are C.H. Robinson Worldwide Inc.; J.B. Hunt Transport Services Inc.; XPO Inc; Uber Freight LLC; Schneider National Inc; Roper Technologies Inc; Flexport Inc; Trimble Inc; Echo Global Logistics Inc; TOTAL QUALITY LOGISTICS LLC; Redwood Logistics; Convoy Inc; JiangSu ManYun Software Technology Co. Ltd; Delhivery; Coyote Logistics; Transfix Inc.; Project44; Roadie Inc; Cargomatic Inc; Motive; NEXT Trucking Inc; FourKites Inc; Freight Tiger; uShip Inc; FreightWaves Inc; DAT Solutions LLC; Freight Technologies Inc; Loadsmart; Getloaded; VeriTread LLC
What significant trends should we anticipate in the digital freight matching market over the forecast period?
Major companies operating in the digital freight matching market are focused on developing advanced technological solutions such as Fr8Now, to enhance the efficiency and reliability of freight operations. Fr8Now is an online marketplace or software solution that connects shippers with carriers in a streamlined and efficient manner. The platform leverages technology such as algorithms and data analytics, to match available freight capacity with shipping requirements in real-time. For instance, in March 2023, Freight Technologies, Inc., a US-based transportation logistics technology company, launched Fr8Now, a digital freight-matching platform that offers less-than-truckload (LTL) services in Mexico. Fr8Now is designed to revolutionize the LTL segment in Mexico by digitizing shipments and providing real-time shipping services to businesses across the region, using technology in a manner that other market participants are unable to offer. Additionally, this platform uses machine-learning algorithms to match shippers with the best carriers, making the shipping process faster, more efficient, and more cost-effective.
Which regional trends are influencing the digital freight matching market, and which area dominates the industry?
North America was the largest region in the digital freight matching market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital freight matching market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Digital Freight Matching Market Report 2025 Offer?
The digital freight matching market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Digital freight matching refers to the use of web and mobile-based technological platforms to connect shippers with the right carrier based on their specific requirements such as the available freight load and the carrier’s available capacity. These platforms use automation to streamline booking, matching, and monitoring processes, leading to improved customer service and operational planning.
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