Published: Dec, 2018
The global transportation management system market is expected to grow at a significant as the competition among the noticeable players is rising. Leading players in the market are focusing on developing new strategies to offer improved products to their customers. They are investing in mergers and acquisitions activities to expand their geographical reach. Research and development is also one of the key activity in which companies are investing heavily. These efforts made by the leading players will help in expanding dynamics in the transportation management system market. Descartes Systems Group Inc., One Network Enterprises, Manhattan Associates Inc., Oracle Corp, SAP SE, Lean Logistics Inc., 3GTMS Inc., JDA Software Group Inc., and CargoSmart Ltd. are some of the key players operating in this market.
According to a recent report published by Transparency Market Research, the global transportation management systems market is anticipated reach a valuation of US$ 19.2 bn by the end of 2022. Over the forecast tenure from 2014 to 2022, the global transportation management systems market is likely to progress at 12.2% CAGR.
Based on software deployment, the on-demand premises solutions are expected to increase over the forecast period. Rising demand for SaaS-based solutions due to its high level of collaboration and greater visibility will further push the demand in this segment. On regional front, North America held maximum share in 2013 in terms of revenue. This is due to increasing demand for SaaS-based TMS solutions in the region. Moreover, rising demand for RFID technology in the supply chain system and proliferation of cloud-computing technologies further drive the market’s growth.
Rising Use of Cloud Computing to Fuel Market Growth
The demand for transportation management solutions is likely to increase in the near future as more and more people are using cloud-based solutions. As cloud computing is fast and easily installed and low start-up cost which has increased its popularity worldwide. Therefore rising use of cloud computing is likely to boost demand in this market. In addition to that, evolving capabilities of transportation management systems is another factor driving growth in this market. Furthermore, growing popularity of SaaS-based transportation management systems will boost this market growth in the near future.
Limited Knowledge among End-Users for TMS Solutions Might Restrict Market Growth
Conversely, few restraining factors might deter the growth in the transportation management systems market. High deployment cost and limited knowledge about these systems among the end-users are the major factors that are negatively impacting the market’s growth. In addition, high initial cost installation may obstruct the demand of these systems. However, rising integration of transportation management systems and yard management system solutions with other supply chain solutions are expected to drive the market’s growth.
The information presented in this review is based on a TMR report, titled “Transportation Management Systems Market (End-Users- Transportation and Logistics, Food and Beverage, Electrical and Electronics, Industrial, Retail, and Others (Pharmaceutical, etc.); Software Deployment - On-Premise and On-Demand) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022.”
The Global Transportation Management Systems Market is segmented into:
Global Transportation Management Systems Market: By End Users
- Transportation and Logistics
- Food and Beverage
- Electrical and Electronics
- Others (Pharmaceutical, etc.)
Global Transportation Management Systems Market: By Software Deployment
Global Transportation Management Systems Market: Geography
- North America
- Rest Of Europe
- Asia Pacific
- Australia & New Zealand
- Rest Of Asia Pacific
- Latin America
- Rest of South America
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453