Transportation Management System Global Market – Overview
The global transportation management system market is growing with the rapid pace due to growing demand of transportation system during travelling and increasing populations which is expected to have the largest market size. The rise in demand for support and maintenance service of transportation system which is propelling the transportation management system market. According to a recent study report published by the Market Research Future, The global market of Transportation Management System is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
The global Transport Management System Market is driven by changing lifestyle of people and increasing transportation traffic are few factors which are propelling the growth of transportation management system market to the large extent. Increase in cloud services which are connected to the system as well as infrastructure developments and solution deployments for logistics services are considered as a factor which is boosting the market growth of transportation management system. On the other hand, the lack of training for operators is the factors hindering the growth of transportation management system market.
Oracle Corporation (U.S.), 3GTMS, Inc. (U.S.), SAP SE (Germany), Lean Logistics (U.S.), Mercury Gate International, Inc. (U.S.), Cargo Smart (China), JDA Software (U.S.), Manhattan Associates (U.S.), Precision Software (U.S.), Descartes Systems Group (Canada), Inet-Logistics GMBH (Austria), BluJay Solutions (U.K), Efkon AG (Austria), Metro Infrasys Private Limited (India), TMW Systems, Inc. (U.S). CTSI-Global (U.S), are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global transportation management system market.
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25 April 2017– 3Gtms, Inc., global provider of Tier 1 transportation management software, has announced to expand its transportation offerings with Crowley Logistics , a provider of logistics services around the world. This is done to increase the velocity of customers’ supply chains and reducing their total landed costs.
July 2016– CargoSmart announced the extended partnership with Ningbo E-port.
January 2016- CargoSmart announced the upgradation of its existing software by adding the premium features to their sailing schedule search engine.
Sep 14, 2015– Oracle Corporation announced transportation management system for the modern user experience. This solution is related to transportation, compliance and customs processes across virtually all industries and geographies.
Transportation Management System Global Market – Competitive Analysis
The market of Transportation Management System appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on latest technology and, most of all, in acquiring other firms.
Transportation Management System Global Market – Segmentation
The Transportation Management System Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Deployment: Comprises On Premises and On Cloud.
Segmentation by Services: Comprises Maintenance and Repairs, Professional Services among others.
Segmentation by Application: Comprises Logistics & Transport, Manufacturing, Commercial, Retail among others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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Transportation Management System Global Market – Regional Analysis
North-America is dominating the global transportation management system market with the largest market share is due to the presence of global player in this region as well as established road map is supporting the market of transportation management system in this region and is expected to grow over its previous growth records by 2022. Transportation management system market in Asia-Pacific market is expected to grow at a substantial CAGR during 2016 to 2022 due to technological advancement, macro economical which boost the transportation management system market growth. The European market for transportation management system market is expected to grow at a considerable CAGR (2016-2022).
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