Air Cargo Software Market Share Forecast to Witness Considerable Growth from 2018 - 2026
Global air cargo industry is continuously growing. According to a study released by International Air Transport Association (IATA) in February, 2018, air cargo represents more than 35% of the global trade by value. Air cargo Market is a crucial enabler of the global economy. IATA also forecasted a continuous rise in cargo carried to 62.5 million tons in the year 2018 (+4.5% on the 59.9 million tons in 2017). Additionally, the value of goods is also expected to rise and reach up to US$ 6.2 trillion by the end of 2018. The value is expected to represent 7.4% of the world GDP. Many of the big industries including pharmaceutical, FMCG, electronic, and e- commerce rely heavily on air transport for fast and efficient delivery of goods. In fact, currently, live animals are also being transported by air from one place to another. However, rather than being a catalyst to the global economy, the air cargo industry is facing several challenges. These challenges are largely re...