Market Synopsis of Global Terminal Management System Market:
Terminal management system is a combination of hardware & software elements which helps to carry out all data management task which are required to perform while loading terminal. The components are developed and tested to manage and control a system. According to CGI, terminal management system can be explained as an innovative solution which chains the main business functions involved in bulk terminal management.
The factors contributing to the growth of the Terminal Management System Market are growing implementation of terminal management solutions in brownfield projects, low operational cost, increasing awareness about security solutions and the increasing awareness about installing automation solutions.
Also, the system manages critical issues faced in bulk terminals such as complexity in handling multiple products and regulatory requirements while improving safety and productivity. The benefits of implementing these solutions reduces the risk of loading incorrect quality of product, the solutions are also used to configurable and improves terminal efficiency among others.
Geographically, North-America accounted for the largest market share in the global terminal management system market, whereas Asia-Pacific is expected to grow at a fast pace over the forecast period, 2017-2023.
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Terminal Management System Global Market – Key Players:
ABB Ltd. (Switzerland), Honeywell International, Inc. (US), Siemens AG (Germany), Rockwell Automation, Inc. (US), Yokogawa Electric Corporation (Japan), Schneider Electric (France), Emerson Electric Corporation (US), Implico GmbH (Germany), Endress+Hauser Management AG (Switzerland), and General Atomics Corp. (California) are some of the leaders in the Global Terminal Management System Market and are profiled in MRFR Analysis.
Global Terminal Management System Market – Segments
The report is segmented into four key dynamics for an easy grasp and enhanced understanding.
By Components: Hardware, Software
By Project Types: Greenfield and Brownfield
By Vertical: Oil & Gas, Chemicals and others.
By Regions: North America, Europe, APAC and Rest-of-the-World.
Global Terminal Management System Market Regional Analysis
North America is dominating the market of Terminal Management System Market due to the presence of global players which provide a competitive advantage to the U.S. and Canada. Growing IT industry and high deployment of cloud computing by middle and large enterprises are some of the major factors which is driving the market of Terminal management system in North America.
Also, factors such as the augmented demand for new technological solutions, increasing number of Brownfield projects, increasing consumer awareness for security solutions and increasing competition among developers in the region, are substantiating the market growth.
Europe is showing steady growth in the market of the Terminal management system. High growth of financial and healthcare sector is leading to the high adoption of on-premises and on-cloud Terminal infrastructure.
The Asia Pacific is emerging as one of the most lucrative markets for the Terminal management system, mushrooming rapidly. Growing manufacturing and BFSI sector in China and India is one of the key driving forces accounting for the market growth in the region. Also, players located in China and Japan is investing heavily in the development of efficient management systems which in turn, is substantiating the market growth in APAC.
Attributing to the increasing need for operational efficiency and the integrated safety along with the better security solutions, the APAC market will demonstrate a galvanizing growth, witnessing enhancement in the terminal automation.
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Industry/Innovation/Related News:
June 28, 2018 – Hughes Network Systems, LLC (US) announced its collaboration with Pasifik Satelit Nusantara (PSN), an Indonesian internet service provider, to provide the Jupiter System for broadband services over the PSN VI High Throughput Satellite (HTS). The comprehensive Hughes solution includes HG240 Gateways, a variety of remote terminals, and a central network management system, enabling PSN to deliver satellite broadband services to consumers and businesses across Indonesia.
April 17, 2018 – Emerson (US), a multinational software company launched the next-generation terminal management software which can help operators streamline operations and manage their terminals more efficiently.
With this TMS launch, Emerson has demonstrated its extent to offer new ways for its customers to improve the efficiency of their operations, not just for loading and unloading operations but the terminal business management process as well.
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