Transportation Management System Market Size, Status and Business Growth 2020 to 2025

The MarketWatch News Department was not involved in the creation of this content. Sep 30, 2020 (Market Insight Reports) — The report titled “Transportation Management System Market” has recently added by MarketInsightsReports to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries […]

The MarketWatch News Department was not involved in the creation of this content.

Sep 30, 2020 (Market Insight Reports) —
The report titled “Transportation Management System Market” has recently added by MarketInsightsReports to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners, and industry experts.

The Transportation Management System market was valued at USD 110.98 million in 2019 and is expected to reach USD 317.23 million by 2025, at a CAGR of 13% over the forecast period 2020 – 2025.

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Key Market Players:

3GTMS Inc., CargoSmart Ltd ., Manhattan Associates Inc., JDA Software Group, Inc., Oracle Corporation, SAP SE, One Network Enterprises Inc., Precision Software Inc., and Other

Key Market Trends

Shifting towards Cloud Technologies in Supply Chain Management to Augment the TMS Market

– Vendor innovation along with the proliferation of e-commerce and omnichannel distribution are both pushing more shippers to consider TMS as part of their overall supply chain management strategy.
– Growing demand to improve governance and transparency, while expanding business capabilities among transportation industries is likely to drive the demand for cloud-based services in their operation.
– Major companies, such as Amazon and Walmart utilize cloud-based services in supply chain management to gain both financial and operational benefits. As cloud-based technologies are universally accessible, cloud-based software in logistics is estimated to increase rapidly, primarily because of its ability to connect teams and monitor the exact whereabouts of a shipment.
– A lot of companies are moving from older, on-premise platforms to either multi-tenant (when a single instance of the software runs on a server and serves multiple tenants) or Cloud-based solutions.
– Moreover, third party logistic providers offer technology service of TMS 87% over the year 2019. This traction is due to the increasing usage of TMS across the transportation and logistics industries.

Asia – Pacific is expected to be the Fastest Growing Market

– Asia-Pacific is projected to be the fastest-growing region for the transportation management system market, owing to the increase in international trade, especially in developing economies, such as China and India. The growth in international business is an essential element that has supported infrastructural developments and solution deployments for logistics services.
– In many Asia-Pacific countries, the transportation infrastructure is inadequate for useful goods and public transportation, thus driving the demand for the transportation management system market.
– Moreover, the rate of technological change has been rapid with the Chinese government introducing new policies to create a favorable environment for smart transportation development.
– By 2020, over 50% of new vehicles produced in China are expected to have Driver Assistance (DA), Conditional Automation (CA) systems, with over 10% connected to an Advanced Driver Assistance System (ADAS). These factors are further expected to drive the demand for TMS solutions to accelerate the deployment of smart transportation.

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The market factors explained in the report:

Market Overview: It includes the Transportation Management System Market study scope, top key players, segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.

Executive Summary: The Transportation Management System Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Regional Study: All of the regions and countries analyzed in the Transportation Management System Market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.

Key Players: This part of the Transportation Management System Market report discusses expansion plans of companies, key mergers and acquisitions, funding and investment analysis, company establishment dates, revenues of manufacturers, and their areas served and manufacturing bases.

Market Forecast: Here, the report offers a complete forecast of the global Transportation Management System Market by product, application, and region. It also offers global sales and revenue forecasts for all years of the forecast period.

The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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