Report Ocean has released a research study titled “Freight Procurement Technology Solutions Market” which offers precise economic forecasts, global assessments, and country-level insights. The global Freight Procurement Technology Solutions market in 2021 was valued at USD 812.5 Million and is projected to reach USD 1,392.2 Million by the year 2028, registering a CAGR of 8% over the projected period. The study explores the current market status, anticipated future growth, technological advancements, investment opportunities, market economics, and financial data. Demand for greater visibility and transparency in supply chain data and processes is expected to boost the market growth, while high initial cost of solutions and lack of awareness regarding these solutions are expected to hinder the market growth.
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