Transportation Management System Market Overview:
The report has forecasted to expected fluctuations in demand of Transportation Management System by year and by country, which is supposed to give good idea about the future course of movement about the Transportation Management System market. The supply side by key players by region and by end user is given in volume as well as volume in the report. The report also has given the expected demand and supply gap over the period, focusing on the market opportunities for key players in Transportation Management System Industry.
Transportation Management Systems (TMSs), which are quickly becoming essential tools, are addressing the problems caused by automation trends, such as rapid growth rates, growing expenses, and more complex client demands. The main end-user drivers of a TMS are enhanced visibility, increased operational efficiency, better business process results, and cost sensitivity. These forces have an impact on the TMS technology trends as well. Business machine-to-machine connectivity can improve visibility. M2M communication enables a cyber-physical connection between different transport logistics companies using intelligent devices. Services like fleet management, route planning, onboard security, logistics and supply chain management, and intelligent transportation are all made possible by Internet of Things (IoT) technology.
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Transportation Management System Market Scope and research methodology:
34 key economies are covered in the report from all five continent, however, that does not make the report general understanding about market but deep insight in each geographical and end user segment have made this report exclusive in the market.
Bottom up approach has been applied to collect the data, analyse, validate the same and come on conclusion for each country. Secondary and primary methods have been used to collect the data. Annual reports of each key players are referred as source however; data is purchased from different sources available in market in each country. Import-export data is purchased from each country’s tax department or relevant department. Primary respondents were selected on the need basis to validate the figures and analysis done through secondary research.
Transportation Management System Segmentation:
During the forecast period, the maritime segment is anticipated to expand at a CAGR of 9.4%. This can be explained by the sizeable investments that various governments are making in the implementation of transportation management systems for the efficient management of waterways. The airline segment is anticipated to experience significant growth over the course of the forecast period. The significant emphasis that players in the e-commerce and logistics industries are placing on expedited product delivery is anticipated to be the primary driving force behind the adoption of TMS for air travel.
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Transportation Management System Key Players:
Due to the limitations of giving profiles of all the players, companies for profiling sections are chosen on different parameters like market leader, local leaders, innovative companies. Profiling section of the report covers the competitive benchmarking of key players by region. Benchmarking is done on market presence, dominance pricing, penetration in end use application, market share, recent expansions, M&A.
Even though all the players in the industry are not profiled, it is taken caret that while estimating market size not a single player in scope area is missed out of consideration. “Profiles of additional companies can be provided on request”, said Sr. Research Analyst at MMR.
The major players covered in the Transportation Management System market report are
- WiseTech Global
- Descartes Systems
- Group
- MercuryGate International
- Blue Yonder
- Transplace
- Alpega Group
- Worldwide Express
- Infor
- Generix Group
- 3Gtms
- Shipwell
- 3T Logistics & Technology Group
- Ratelinx
- oTMS
- nShift
- BlueRock Logistics
Key Questions Answered in the Transportation Management System Market Report are:
- Which segment held the largest share in the Transportation Management System market in 2021?
- Competitive landscape by region
- Who are the market leaders, market followers, and new entrants?
- Strategies of market leaders in each segments with investment
- SWOT analysis of each player
- Region wise market structure and dynamics that impact the industry and companies
- What was the competitive scenario of the Transportation Management System market in 2021?
- Which are the key factors responsible for the Transportation Management System market growth?
- Which region held the maximum share in the Transportation Management System market in 2021?
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The report "Transportation Management System (TMS) Market by Component (Solutions and Services), Transportation Mode (Roadways, Railways, Airways, and Maritime), Deployment Type (On-premises and Cloud), Organization Size, Vertical, and Region - Global Forecast to 2025 ", is expected to grow from USD 7.7 billion in 2020 to USD 17.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 18.2% during the forecast period.
The major factors driving the growth of the TMS industry include Technological advancements in the transportation and logistics industry and exponential growth in the eCommerce industry.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=232446179The large enterprise segment to hold the largest market size during the forecast periodThe adoption of TMS solutions and services is higher in large enterprises, and the trend is expected to continue during the forecast period.
TMS systems offer a single centralized system, with features such as route optimization, carrier tracking, analytics, order management, and account settlement.
Hence, large enterprises heavily invest in advanced technologies to increase their overall productivity and efficiency.
The demand for flexible, scalable, and convenient services by large enterprises is expected to encourage the market players to come up with newer technologies and innovative solutions.Healthcare and Pharmaceutical to record the fastest growth rate during the forecast periodHealthcare enterprises are facing a huge demand due to pandemic.
However, supply chain and logistics disruptions across the globe are making it difficult for enterprises to cater to this demand.
Transportation Management System (TMS) Market-OverviewThe development of the transportation sector is predicted to bolster the transport management system market 2020.
The ICT industry reports are produced by Market Research Future, which highlights market options for expansion.
The necessity to efficiently capture the real-time data is projected to improve the TMS market in the impending period.Segmental Analysis The segmental investigation of the transport management system market is conducted on the basis of component, deployment, industry, and region.
Based on the components, the transport management system market is segmented into services, solutions, and hardware.
The transportation management system market is likely to record a CAGR of 5.9% for the duration of the forecast period.
Soaring investments by the domestic e-commerce sector, implementation of IoT based fleet management solutions, and augmentation of smart logistics are the factors inspiring the market augmentation in the region.Competitive AnalysisThe state of the market is exceptionally indecisive due to the effect of the macro factors operating in the global economy.
