Global Transportation Management System Market is expected to reach $486.44 billion by 2027 growing at a CAGR 19.2% during 2018 to 2027.
Some of the key players in the Transportation Management System market include SAP SE, TMW Systems Inc, The Descartes Systems Group Inc, Oracle Corporation, Metro Infrasys, JDA Software Inc, Infor Inc, Inet-Logistics GmbH, IBM Corporation, Efkon AG, Descartes, CTSI Global and Blujay Solutions.
Gaithersburg, Maryland, United States – January 9, 2020 /MarketersMedia/ —
Digital revolution in transport, high roi, enhanced visibility, control, urbanization and increasing congestion is likely to boost the growth of the market. However, huge installation and integration costs are likely to hamper the profit boundaries.
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Transportation management system (TMS) is accessible as a module in Supply Chain Management (SCM) and Enterprise Resource Planning (ERP) suites. It helps various industries and organizations with procurement and freight shipment with the help of tools such as freight audit, payments, route planning and optimization, yard management, load building, order visibility, and carrier management. TMS aims at improving the efficiency of shipments lower the costs incurred, and gaining real-time supply chain visibility with enhanced customer service.
Based on the deployment modes, the cloud segment is expected to expand at the highest growth in the forecast period. Cloud TMS offers unique planning and optimizing benefits to shippers, vendors and logistics providers. With the exponential increase in the amount of data being generated, companies are opting for cloud-based TMS solutions. These solutions have proved as a cost-effective alternative to on-premise storage, particularly to lower the licensing cost and avoid having more technical staff. They offer unique benefits to logistics service providers, vendors, customers, and shippers. Another important advantage lies in the storage of information in a central location. This ensures fast and easy access to the system from any geographic location without any interruptions.
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By geography, Asia Pacific is expected to emerge as the fastest-growing market over the next seven years. The growing retail and e-commerce sector in China, India, and Japan is anticipated to boost the growth. The growing investments in railways and the upgradation of the traditional freight infrastructure fare are expected to boost the market growth over the forecast period.
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Components Covered:
• Solution Type
• Services
• Hardware
Transportation Modes Covered:
• Roadways
• Railways
• Maritime
• Airways
Deployment Modes Covered:
• On-Premises
• Hosted
• Cloud
• On-Demand
Applications Covered:
• Travel and Tourism
• Parcel and Package
• Commercial
• Electronics and Electrical
• Industrial
• Mining
• Hospital
• Fire Station
• Consumer Goods and Retail
• Other Applications
End Users Covered:
• Retail & E-commerce
• Manufacturing
• Logistics
• Government Organizations
• Automotive
• Chemicals
• Food and Beverage
• Other End Users
Enterprise Sizes Covered:
• Small and Medium Enterprises
• Large Enterprises
• Government organizations
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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Source: MarketersMedia
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