Transportation Management Systems Market: Overview
According to a new market report published by Transparency
Market Research the global market for transportation management systems,
which stood at US$ 12,249.9 Mn in 2018, is
anticipated to expand at a healthy CAGR of 14.3% during the
period from 2020 to 2030, increasing the
opportunity in this market to US$ 59,748.5 Mn by the end of
the forecast period. The transportation and logistics application segment has
emerged as the key end user of transportation management systems and is
expected to retain its position over the next few years.
Some of the other
significant players engaged in the global transportation management systems
market include:
3GTMS, Inc., CargoSmart Ltd., Descartes
Systems Group, Inc., Manhattan Associates, Inc., BluJay Solution, One Network
Enterprises, JDA Software Group, Inc., Oracle Corporation, SAP SE and Precision
Software, Inc.
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Systems Market” at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4426
Growing Popularity of Software-As-A-Service Based TMS
Solutions are driving the global transportation management systems market:
“Increasing use of cloud computing technologies for managing
supply chain activities is one of the major trends prevailing in the
transportation management systems market across the globe,” says the author of
this report. Fast and easy deployment, limited capital expense, and better
total cost of ownership as compared to on-premise software delivery model are
driving end-users towards cloud-based TMS solutions. The growing popularity of
software-as-a-service (SaaS)-based TMS solutions is the major factor driving
the TMS sales growth. Growing preference for SaaS-based TMS solutions among
logistics and transport companies is due to the benefits offered such as easy
and quick installation and low total cost of ownership.
Other factors including growth in the intermodal transport
and growing need to replace traditional and aging transportation management
solutions is expected to support the demand for advanced transportation
management systems, fueling the market momentum. However, lack of awareness regarding
benefits associated with advanced TMS capabilities among end-users has hampered
the growth of the TMS market. Advancements in the cloud computing and
integration of Radio Frequency Identification (RFID) technology in
transportation management solutions is offering lucrative opportunity for the
growth of the global transportation management systems market over the forecast
period from 2020 to 2030.
Transportation Management Systems market: Scope of the
Report
In terms of geography, the research report categorizes the
global market for transportation management systems into North America, Europe,
Asia Pacific, the Middle East and Africa and South America. Additionally, the
report presents an exhaustive analysis of the global transportation management
systems market, based on the performance of the regional markets. Among all the
regions, the major share in this market was acquired by North America and
Europe. Factors such as gradually improving economic conditions, increasing
desire of shippers to ensure supply chain visibility, supply chain
optimization, and continual advancements in software are collectively driving
the transportation management systems market across the globe.
North America was the largest regional market for
transportation management systems, and the growth in this region is driven by
increasing demand for cloud-based on-demand TMS software solutions. However,
Asia Pacific is expected to witness maximum growth over the forecast period on
account of favorable trade environment and growth in intermodal transport in
the region. Countries in this region, such as China, India, and Japan are
expected to offer lucrative growth opportunities to the growth of the TMS
market, largely due to expansion in the logistics network, supported by the favorable
trade environment in the region. Thus, growth in the logistics network and the
growing need to ensure operational efficiency and supply chain visibility is
expected to trigger the adoption of TMS solutions in the region.
Research objectives:-
– To study and analyze the global Transportation Management
Systems consumption (value & volume) by key regions/countries, product type
and application, history data.
– To understand the structure of the Transportation
Management Systems market by identifying its various sub-segments.
– Focuses on the key global Transportation Management
Systems manufacturers, to define, describe and analyze the sales volume, value,
market share, market competitive landscape, SWOT analysis, and development
plans in the next few years.
– To analyze the Transportation Management Systems with
respect to individual growth trends, future prospects, and their contribution
to the total market.
– To share detailed information about the key factors
influencing the growth of the market (growth potential, opportunities, drivers,
industry-specific challenges and risks).
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In the end,
Transportation Management Systems industry report specifics the major regions,
market scenarios with the product price, volume, supply, revenue, production,
and market growth rate, demand, forecast and so on. This report also presents
SWOT analysis, investment feasibility analysis, and investment return analysis.
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