Carrier
and rate management solutions allow the users to manage the performance
of the carrier and benchmark it against guaranteed delivery
commitments. However, measuring delivery performance is complicated, and
relying on the carriers can be misleading sometimes as they normally
modify their reporting to fit in with their service-level agreements.
Thus, with the help of carrier and rate management solutions, each
shipment is monitored and tracked against the actual delivery
commitment, and reports are printed to verify the performance. Carrier
and rate management solutions comprise national, multi-modal transport
and manage orders from initiation to delivery. It manages all modes of
transport such as air, rail, parcel, express, and carriers with the
region specific rates and lane specific rates.
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One
of the driving factors for the carrier and rate management solutions
market is that these solutions provide accurate information that helps
the user to take smarter and faster decisions. It also helps to expand
communication across transportation management. This is anticipated to
boost the market during the forecast period. In addition, the carrier
and rate management solutions market offers a platform for maintaining
rates from time of initiation to end of the commitment. Carriers,
procurement specialists, and transportation managers are able to
collaborate on changes of rates and are alerted when the given rates are
about to expire. Allowing the carriers to suggest and access changes
before implementing it. This solution also helps to integrate tightly
with the logistics sourcing solution to provide up-to-date rate
information. In addition, carrier and rate management solutions analyses
the transportation and logistics marketplace from the viewpoint of a
user’s unique shipping profile to enhance the user’s solutions. It
administers the full shipment process from management of order, carrier
selection, and locating of the carrier to financial settlement and
performance reporting. This is projected to boost the growth of carrier
and rate management solutions market during the forecast period.
The
global carrier and rate management solutions market can be segmented in
terms of deployment, mode of transport, enterprise size, and geography.
In terms of deployment, the market can be divided into cloud and
on-premise. Based on mode of transport, the carrier and rate management
solutions market can be divided into road transport, rail transport,
ocean transport, and air transport. Based on enterprise size, the
carrier and rate management solutions market can be bifurcated into
small and medium enterprises and large enterprises. The small and medium
enterprises segment is anticipated to rise at a rapid pace during the
forecast period.
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Based
on geography, the global carrier and rate management solutions market
can be divided into North America, South America, Asia Pacific, Europe,
and Middle East & Africa. The market in North America is projected
to expand at a notable pace during the forecast period. Asia Pacific is
expected to be a lucrative market for carrier and rate management
solutions in the near future, led by the wide client base and rapid
digitization in the region. Continuous technological advancements in
various sectors, growth in infrastructure development in different
countries in Southeast Asia, and increase in foreign investments are
estimated to drive the carrier and rate management solutions market in
Asia Pacific.
Key players operating in the global carrier and rate management solutions market
are focused on providing solutions as per client requirements, for
example, implementation of different technologies and upgrade and
expansion of the existing systems. The global carrier and rate
management solutions market is characterized by presence of several key
players. Main vendors compete with each other in terms of price and
quality of their products. Major players operating in the global market
include The Descartes Systems Group Inc., Amber Road, Inc., CT
Logistics, Elemica, and Oracle.
E-commerce shipping solutions rates vary according to the new tax rates which are in the country.
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