Disruption is coming to the traditional freight and parcel delivery sector, enabled in part by the Internet of Things (IoT). Freight as a Service (FaaS) will represent 30 percent of total goods transportation revenues by 2030, according to the latest worldwide market study by ABI Research. The benefits of FaaS -- which are similar in concept to Mobility as a Service (MaaS) -- include cost reductions, resource utilization improvements, and new convergence via the adoption of a 'sharing economy' business model. FaaS streamlines freight and parcel delivery services through new advancements in cargo marketplaces, on-demand transportation, freight brokerage, and ride-sharing. With emerging IoT applications fueling its current growth rate, FaaS revenues are already on track to exceed $900 billion by 2030. FaaS Market Development Opportunities "With an average global air cargo Freight Load Factor of as low as 44 percent and a structural 20 percent long-haul truck cargo ca...
TMT Market Research and Analysis