Global
Transportation Management System (TMS) Market Analysis:
Market Research Future offers a five-year forecast
for the Global Transportation Management System Market 2020 between 2017 and 2025.
By value, the global transportation management system might register 6.7% CAGR
during the forecast period. As the economy has started to mend after long terms
impact of COVID-19, the market will be attaining a high valuation by the year
2025 up from the previous share.
Transportation Management System Growth
Boosters
Rapidly mounting economies offer opportunities and
challenges to the transportation industries. Surged shipment of goods across
the globe is a foremost cause behind channel congestion and boost in
competition between market players. Thus, the requirement of the transportation
management system is escalating owing to the need for safety standards during
transportation, storage and handling of goods.
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MRFR finds that with the escalating transportation
costs owing to complex and intensive transportation networks, the need for
transportation management system is also growing which is motivating the
overall global transport management system market. In fact, surging demand for
‘software as a service (SaaS)’ based transport management system is further
anticipated to kindle the global transport management system market.
Apart from this, the rising advancements in
transport management systems over the conventional ones is yet another
significant factor fuelling the growth of the global transport management
system market. Furthermore, an escalating collaboration between hardware
providers and content suppliers is a prime element driving the global transport
management system market.
On the contrary, the factor such as lack of
awareness concerning the transport management system among various end-use
industries is a foremost challenge hampering the growth of the global transport
management system market. With this, the factor of the high cost associated
with the initial installation of the transport management system is yet another
critical factor restraining the smooth development of global transport
management system market.
Impact of COVID-19 on the Global Transportation
Management Systems (TMS) Market at: https://www.marketresearchfuture.com/report/covid-19-impact-transportation-management-systems-market
Segment Review
By the segment of component, the market has included
solution, hardware, and services.
By the segment of deployment, the market has
included on-premise and cloud.
By the segment of the industry, the market has
included travel and tourism, retail, construction and mining, healthcare, and
others.
Regional Framework
Transportation management system market by region
has been studied for the prime regions of Europe, North America, Asia-Pacific,
the Middle East and Africa, and South America.
Among these, North America grabbed the largest
market share in 2018, with a market value of USD 1,241.0 million; thus, the
market is expected to register a CAGR of 5.9% during the forecast period. The
development in the North American market is motivated by the incidence of
significant transportation management solutions providers such as JDA Software
Group, Oracle Corporation, and CTSI Global, among others. Moreover, early
adoption of technology and a heave in demand for TMS systems from the
e-commerce sector in the region are further likely to propel the growth
transportation management system market in North America in the near future.
Asia-Pacific region also might register the highest
CAGR of 8.4% during the forecast period. The factors such as the adoption of
IoT based fleet management solutions, high investments by domestic e-commerce
sector, and growth of smart logistics are the factors driving the market growth
in the region.
Vendors Landscape
The vendors present in the global Transportation
Management System Market are JDA Software Group, Inc. (US), Oracle Corporation
(US), Descartes Systems Group Inc. (Canada), Manhattan Associates Inc. (US),
BluJay Solutions Ltd (US), SAP SE (Germany), EFKON GmbH (Austria), CTSI-GLOBAL
(US), HighJump (US), Alpega Group (Austria), One Network (US), MercuryGate
(US), TMW Systems (US), Next Generation Logistics (US) ORTEC (The Netherlands),
and Omnitracs, LLC (US).
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