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  • Transportation Management System Market 2019 Global Applications, Development and Trends by 2022

    (I-SoftwareNews.Com, November 12, 2019 ) MarketsandMarkets forecasts the new research report “global transportation management system market is expected to grow from USD 78.20 billion in 2017 to USD 202.14 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.9%. Digital technologies are transforming the transportation business landscape, thereby encouraging transportation management system vendors and third-party providers to adopt digitized systems for transportation activities. This is expected to drive the growth of the transportation management system market. Urbanization has caused a population shift from rural to urban areas. This shift has resulted in several problems for commuters, transit operators, and regional transport authorities. The prevalent transportation problems include traffic congestion and parking difficulties. Transportation management solutions help curb such issues.

    Browse 111 market data Tables and 56 Figures spread through 161 Pages and in-depth TOC on "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"

    The regional markets in North America and Europe are expected to be the main revenue contributors in the transportation management system market as these regional markets are the first to experience the benefits offered by transportation management systems. These regions also host the major market players and are open to technology-related innovations. The emerging economies in the Asia Pacific (APAC) and Middle East and Africa (MEA) regions offer several untapped and unexplored opportunities for transportation management vendors. Among the regions, APAC is expected to witness the fastest growth rate in the transportation management system market during the forecast period due to increasing digitalization of the industries situated in the region.

    On the basis of applications, the transportation management system market is broadly classified into consumer goods and retail, parcel and package, fire station, hospital, travel and tourism, mining, and others. The others segment includes food and beverage, and electronics and electricals. The fire station application segment is expected to grow at highest CAGR during the forecast period. This growth is mainly attributed to the increasing deployment of transportation management systems in fire stations to improve the response time in emergency situations. The various solutions that are integrated into transportation management systems include notification and paging, video and alarm management systems, fire station alerting systems, and record management systems.

    Request PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=232446179

    Among the components, the services segment is expected to grow at the highest CAGR during the forecast period. Under services, the support and maintenance services segment offers the essential tools needed for the timely maintenance, monitoring, and application updates of transportation management systems. The support and maintenance services segment is expected to have a promising future as the transportation management market is evolving rapidly and needs organized pre and post-sales services, such as design and implementation, maintenance, and overall training and system support. Hence, service providers are focused on understanding buyer demands and needs to deliver dedicated services.

    On the basis of deployment modes, the transportation management system market is segmented into hosted and on-premises deployments. Out of the 2, the hosted deployment mode is expected to grow at the highest CAGR during the forecast period. Organizations adopt on-premises solutions to have full control over enterprise infrastructure and assets and to ensure robust security. The large costs associated with on-premises implementations along with the expenses involved in IT expansion may hinder the adoption of on-premises solutions in Small and Medium-Sized Enterprises (SMEs).

    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).

    For More Information do visit @ https://www.marketsandmarkets.com/Market-Reports/transportation-management-market-232446179.html

    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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