Transportation Management System (TMS) Market Opportunities, Market Share, Key Players And Competitive Landscape Prediction To 2027
Global Transportation Management System (TMS) Market Research Report: By Component (Solution Hardware and Services), By Deployment (On-Premise and On-Cloud), By Industry (Retail, Travel and Tourism, Healthcare, Construction, Others) - Forecast till 2027
(firmenpresse) - Industry Landscape
Market Research Future offers a five-year forecast for the Global Transportation Management System (TMS) Market 2020 between 2017 and 2025. By value, the global Transportation Management Systems Market might register 6.7% CAGR during the forecast period. As the economy has started to mend after long terms impact of COVID-19, the market will be attaining a high valuation by the year 2025 up from the previous share.
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Transportation Management System Growth Boosters
Rapidly mounting economies offer opportunities and challenges to the transportation industries. Surged shipment of goods across the globe is a foremost cause behind channel congestion and boost in competition between market players. Thus, the requirement of the transportation management system is escalating owing to the need for safety standards during transportation, storage and handling of goods.
MRFR finds that with the escalating transportation costs owing to complex and intensive transportation networks, the need for Global Transportation Management Systems Market is also growing which is motivating the overall global transport management system market. In fact, surging demand for ‘software as a service (SaaS)’ based transport management system is further anticipated to kindle the global transport management system market.
Apart from this, the rising advancements in transport management systems over the conventional ones is yet another significant factor fuelling the growth of the Transportation Management Systems Industry. Furthermore, an escalating collaboration between hardware providers and content suppliers is a prime element driving the global transport management system market.
On the contrary, the factor such as lack of awareness concerning the transport management system among various end-use industries is a foremost challenge hampering the growth of the global transport management system market. With this, the factor of the high cost associated with the initial installation of the transport management system is yet another critical factor restraining the smooth development of global transport management system market.
Vendors Landscape
The vendors present in the global Transportation Management System Market are JDA Software Group, Inc. (US), Oracle Corporation (US), Descartes Systems Group Inc. (Canada), Manhattan Associates Inc. (US), BluJay Solutions Ltd (US), SAP SE (Germany), EFKON GmbH (Austria), CTSI-GLOBAL (US), HighJump (US), Alpega Group (Austria), One Network (US), MercuryGate (US), TMW Systems (US), Next Generation Logistics (US) ORTEC (The Netherlands), and Omnitracs, LLC (US).
Detailed Regional Analysis
The regional scrutiny of the transportation management system market includes regions such as Asia-Pacific, the Middle East, North America, Europe, Africa, and South America. The North American region was credited for the principal market segment in 2018, with a market worth of USD 1,241.0 million. The transportation management system market is likely to record a CAGR of 5.9% for the duration of the forecast period. The development in the North American market is motivated by the incidence of crucial transportation management solutions suppliers. In addition, the initial adoption of technology and an upsurge in demand for transportation management system from the e-commerce sector in the region are additionally anticipated to boost the augmentation of the transportation management system market in North America. The regional market in Asia-Pacific is anticipated to record the highest CAGR of 8.4% for the extent of the forecast period. Soaring investments by the domestic e-commerce sector, implementation of IoT based fleet management solutions, and augmentation of smart logistics are the factors inspiring the market augmentation in the region.
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Competitive Analysis
The state of the market is exceptionally indecisive due to the effect of the macro factors operating in the global economy. The road to the resurgence of the market is estimated to be elongated and arduous due to the degree of setbacks it has suffered. The prospects for growth in the market have to be carefully sought out and examined to ensure that they will ensure the favorable development of the market in the coming period. The competitors present in the market are recalibrating their market share to open up new areas of development in the market. The stress on enhancing the production potential and upgradation of the workforce are the top priorities to reinvigorate the development potential of the market in the coming period. The establishment of robust distribution channels is estimated to define the development of the market in the future. The investment in robotic elements in the supply chain is estimated to be seen in the future to reduce the impact of the human capital on the long term market expansion.
The notable contenders of the transportation management system market TMW Systems (US), JDA Software Group, Inc. (US), Manhattan Associates Inc. (US), are Oracle Corporation (US), Next Generation Logistics (US) ORTEC (The Netherlands), Cargosmart (Hong Kong), BluJay Solutions Ltd (US), CTSI-GLOBAL (US), EFKON GmbH (Austria), Alpega Group (Austria), Descartes Systems Group Inc. (Canada), SAP SE (Germany ), HighJump (US), MercuryGate (US), One Network (US), QAD Precision (US), and Omnitracs, LLC (US).
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