The global air freight software market size was valued at USD 6.02 billion in 2022 and is projected to reach a valuation of USD 6.34 billion in 2023. The market is expected to reach USD 7.41 billion by 2030 with a CAGR of 2.3% during the forecast period. Air freight transportation refers to arranging and planning the transportation of cargo from one point to another by air. Increasing cargo fleets by various airlines to meet the increasing demand for air cargo will propel market growth. Rising demand for air freight services by the e-commerce companies is set to drive the service demand. Fortune Business Insights™ shares this information in its report titled “Air Freight Software Market, 2023-2030.”
Informational Source:
https://www.fortunebusinessinsights.com/air-freight-software-market-104057
List of Key Players Profiled in the Air Freight Software Market Report:
Segments
Cloud-based to Have Highest Share as it Provides a Range of Features
On the basis of deployment, the market is divided into on-premise and cloud based. Cloud-based dominated the market as it is providing a range of functionalities and features such as cost effectives, automatic software updating, data security, ease of maintenance, and others.
Deferred Service Segment to Lead Due to Lower Rates
On the basis of air freight service, the market is divided into expedited service, standard service, and deferred service. The deferred service segment dominates the market and is set to be the fastest growing segment as customers have an advantage of lower rates and is suitable for non-urgent shipments with flexible delivery timeline due to longer transit time.