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  • Transportation Management System Market Size, Competitors Strategy, Regional Analysis and Industry Growth by Forecast to 2022

    (I-SoftwareNews.Com, September 10, 2019 ) According to a new market research report "Transportation Management System Market by Transportation Mode (Railways and Roadways), Component (Solution Type, Hardware, and Services), Deployment Mode (Hosted and On-Premises), Application, and Region - Global Forecast to 2022", published by MarketsandMarkets, the global transportation management system market size is expected to grow from USD 78.2 billion in 2017 to USD 202.1 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.9% during the forecast period.
    The factors that drive the market growth are a digital revolution in transport, and urbanization and rising congestion.

    Browse and in-depth TOC on “Transportation Management System Market”
    111 - Tables
    56 - Figures
    161 - Pages

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    Moreover, high Return on Investment (RoI), and enhanced visibility and control are a few other factors driving the market growth. With the adoption of digital technologies, transportation vendors and third-party providers have reduced the overall transportation costs and minimized delivery errors, resulting in the growth of the transportation management system market.

    Support and maintenance segment to grow at the highest CAGR during the forecast period
    Among services, the support and maintenance segment is expected to account for the highest CAGR during the forecast period. These services provide transport operators with the necessary tools to control the entire transportation supply chain, leading to an increase in the demand for transportation management solutions. The support and maintenance services have a promising future as the transportation management system market is rapidly evolving; hence, the requirement for appropriate pre- and post-sales services, such as design and implementation, maintenance, and overall training and system support would run high.

    Roadways segment to account for a larger market size during the forecast period
    The roadways segment is anticipated to account for larger market size, as compared to the railways segment, during the forecast period. Roadways enable logistics companies to reduce their cartage, loading, and unloading expenses significantly. Moreover, they are used for short-distance transportation and ideal for moving small quantities of goods to widely dispersed markets. The use of Information and Communication Technology (ICT) in the transportation management system has witnessed considerable advancements through cellular, Wi-Fi, Radio Frequency Identification (RFID), and Near Field Communication (NFC) technologies. The use of such technologies in the transportation management system would, in turn, result in market growth.

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    Asia Pacific to grow at the highest CAGR during the forecast period

    Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period. The region is involved in rapid deployment of interactive technologies, due to the growing use of cellular devices and rapid proliferation of the internet. The ongoing smart city projects across countries in APAC is expected to show significant growth opportunities in the transportation management system market, thus opening new avenues to the market growth. The implementation of transportation management solutions helps organizations in maintaining and managing their distribution networks and supply chains and in reducing expenses and increasing profitability, leading to market growth.

    Major vendors offering transportation management solutions and services include SAP SE (Germany), Oracle (US), Manhattan Associates (US), Descartes (Canada), JDA Software (US), CTSI-Global (US), Inet-Logistics GMBH (Austria), BluJay Solutions (UK), MercuryGate International (US), and Efkon AG (Austria).

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    About MarketsandMarkets™

    MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

    Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

    MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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    Source: EmailWire.Com


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