Global Transportation Management Systems (TMS) Industry
According to the reports, global transportation Management Systems market is set to capture a Compound Annual Growth of (CAGR) of 16.2% over the forecast period. In 2018, the market was valued at CAGR of 16.2% over the forecast period.
Key factors driving the growth are the emergence of advanced technologies, growth in the retail and e-commerce sector, and increase in bilateral trade relations between various nations.
Transportation management system helps various industries and organizations, freight shipment and procurement. With the tools such as audit, payments, route, planning and optimizations, yard management, load building, order visibility and carrier management.
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Transportation management system improves the efficiency of shipments, gaining real-time supply chain visibility with enhanced customer service. It is accessible as a module in Enterprise Resource Planning (ERP), and Supply Chain Management (SCM) suites.
To avoid failure of on-time shipments which lead to significant losses in profit margins and which can result in customer frustration, end-use industries have increasingly started adopting TMS. Overall efficiency of the TMS and enhance the developer’s RoI is by providing new forms of optimization.
Global Transportation Management Systems: Segmental Analysis
The segmental analysis of the global transportation management systems market has been conducted based on type, applications, companies and region.
By type, the global transportation management systems market has been segmented into Type 1 and Type 2.
By applications, the global transportation management systems market has been segmented into Manufacturing, Retail, Commercial, Logistics and Transport.
By companies, the global transportation management systems market has been segmented into Oracle Corporation, Descartes, Manhattan Associates, SAP SE, BluJay, Omnitracs, TMW Systems, High Jump, ORTEC, One Network Enterprises, HighJump, MercuryGate, Precision Software, One Network Enterprises, Next Generation and CargoSmart.
Global Transportation Management Systems: Regional Analysis
On the basis of region the global transportation management systems market has been segmented into North America, Canada, United States, Latin America, Mexico, Argentina, Brazil, Europe, Germany, France, United Kingdom, Italy, France, Spain, Italy, Spain, Russia and Others. Demand for reliable transportation management system is boost by the bilateral economic relations between various countries. Us-Japan bilateral relations involve substantial trade and investment, Japan is a major market for many US, goods and services, including agricultural products, pharmaceuticals, metals, plastics, agricultural products, organic chemicals and machinery.
Also U.S and India have bilateral trade ties where US annually exports precious metals, fuels, aircraft and machinery to India, while importing agricultural products, spices, essential oils, rice, and processed food products from India.
According to new reports by Office of the United States Representative reveals that good and services trade between US and India was estimated to be USD billion 126.2 billion in 2017 and is expected to grow over the coming years.
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