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The major Key players in Intermodal Freight Transportation Market are IBM, Aljex Software, Cognizant, GE Transportation, High Jump Software, Motorola Solutions, Profit Tools, TMW Systems, and Trinium Trucking Systems and many more.
(PRWEB) November 13, 2014
The market research report "Intermodal Freight Transportation Market by Solutions (Fleet Management, Intermodal Dispatch, Freight Security, Intermodal Terminals, Trucking Software, Warehousing), Services (Truck-Rail, Truck-Water, Truck-Air) - Worldwide Forecast & Analysis (2014 - 2019)", segments the global market to define the market size for in-depth analysis and forecasting for the next few years. The global Intermodal Freight Transportation Market is expected to reach $26.19 billion by 2019, which is estimated to be worth $12.28 billion in 2014. The market is estimated to grow at a projected Compound Annual Growth Rate (CAGR) of 16.4% during the forecasted period.
Browse 85 market data tables and 53 figures spread through 142 pages and in-depth TOC on "Intermodal Freight Transportation Market"
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The augmented requirement for more trustworthy, safe, well-organized transportation and growth of domestic intermodal transportation market are playing a key role in determining the future of the market. As the transportation industry is growing globally, the ideals for transportation has considerably improved. Organizations need to transport goods as quickly as possible, without any damage and at lowest cost. Because of these requirements, the transportation industry is witnessing vivid technological changes, intermodal being one of them. The introduction of containerization has eliminated the concept of repackaging while change of modes and permitted easy handling.
However, the lack of intermodal transportation knowledge and training is limiting the rapid growth of the market. Compared to the overall growth of market, the growth of domestic intermodal transportation market especially in North America is aggressive. According to IANA (Intermodal Association of North America) statistics, the intermodal traffic is expected to rise from 1.2 % in the first quarter to 3.2 percent in the second in 2014.
MarketsandMarkets has separated the global Intermodal Freight Transportation Market
- Solutions: Fleet Management, Intermodal Dispatch, Freight Security, Terminals, Warehousing, and Trucking Software
- Services: Consulting, Managed, And Customization Services
- Modes: Rail-Road, Road-Water, Road-Air, and Others
- Verticals: Consumer and Retail, Oil and Gas, Industrial and Manufacturing, Energy and Mining, Aerospace and Defense, Construction, Chemicals, Pharmaceuticals and Healthcare, Food and Beverages, and Others
- Regions: Europe, Asia-Pacific, Middle East and Africa, North America and Latin America (LA)
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The key forces driving this market are enhanced adoption of containerization, need for more reliable, safe and efficient transportation system, and growth in domestic intermodal transportation market. The prime opportunity, which is expected to boost this market, is adoption of multimodal transportation and Geospatial Intermodal Freight Transportation (GIFT). In the current scenario, based on spending and adoption of the intermodal freight transportation market, North America is expected to be the biggest market
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