According to SPER Market Research, the Israel Transportation Management Systems Market is showing a remarkable increase, fuelled by various factors such as the rising call for efficient logistics and transportation, the growth of e-commerce, and the necessity for instant tracking and visibility of shipments. Israel's strategic location as a crucial transit point for global trade, acting as a gateway to Europe and Asia, is one of the primary drivers for the TMS market's growth in the country. Additionally, the government has been investing in transportation infrastructure such as new highways, expanded ports, and airports to facilitate the flow of goods and reduce logistics costs.
Another significant factor contributing to the growth of the TMS market in Israel is the increasing adoption of cloud-based TMS solutions, which provide several benefits, including real-time tracking and visibility of shipments, lower IT infrastructure costs, and flexibility to scale up or down as per business requirements. The TMS market in Israel is highly competitive, with both domestic and international players offering a diverse range of solutions catering to various industries like retail, manufacturing, and healthcare. Major players in the TMS market in Israel include Oracle Corporation, SAP SE, JDA Software Group, Inc., Manhattan Associates, Inc., and MercuryGate International, Inc.
Due to the COVID-19 epidemic, businesses in Israel have adopted digital technology to manage their transportation operations remotely, which had a huge influence on the TMS industry. Due to the rising need for effective and affordable transportation and logistics solutions, the market is anticipated to expand over the next several years.
Israel Transportation Management Systems Market Overview:
- Forecast CAGR (2022-2032): 10.24%
- Forecast Market Size (2032): XX billion
Overall, it is anticipated that the market for transportation management systems in Israel will expand over the upcoming years due to the rising demand for effective and affordable transportation management solutions, investments in the nation's transportation infrastructure, and its advantageous geographic location.
Impact of COVID-19 on the Israel Transportation Management Systems Market
The Israeli Transportation Management Systems (TMS) Market has been hit by the COVID-19 epidemic, like many other sectors. The epidemic caused supply chains to be disrupted and economic activity to diminish, which had a negative impact on the transportation sector as a whole. The lockdowns and travel restrictions implemented to stop the virus's spread decreased demand for transportation services, which directly affected demand for TMS systems. Many logistics organisations and transportation providers were forced to scale down or temporarily cease operations, which had an impact on their capacity to spend money on new TMS systems.
However, despite the difficulties brought on by the epidemic, Israel's TMS sector has demonstrated adaptation and tenacity. New TMS solutions that can aid transportation companies in streamlining their processes and lowering costs have been the attention of businesses. In conclusion, the Israel Transportation Management Systems Market has suffered as a result of the COVID-19 epidemic, but the sector has shown resilient and adaptable. The epidemic has brought to light the importance of technology in the transportation industry, and businesses have been creating innovative solutions to address the evolving demands of transportation providers.
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Israel Transportation Management Systems Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
- Audit, Payment and Claims
- Integration and Implementation
- Order Management Reporting and Analytics
- Planning and Execution
- Routing and Tracking
- Support and Maintenance
By Deployment Mode:
By End User:
- Energy and Utilities
- Healthcare and Pharmaceutical
- Transportation and Logistics
By Organization Size:
- Large Enterprises
- Small & Medium Enterprises (SMEs)
- Haifa and Jerusalem
- Tel Aviv metropolitan
In Israel, the demand for efficient supply chain and logistics management is driving growth in the market for transportation management systems (TMS). The nation's strategic location at the intersection of Europe, Asia, and Africa makes it an ideal centre for logistics and transportation services.
Israel Transportation Management Systems Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; BDO Israel, C&G Logistics Solutions Ltd., DHL International, Oracle Corporation, Paragon Logistics Center, SAP SE.
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Israel Transportation Management Systems Market Size
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SPER Market Research