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Transportation Management Systems Market to Rise at CAGR of 12.20% between 2014 and 2022 as Intermodal Transportation Grows
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A transportation management system (TMS) is a software solution that forms an integral part of the supply chain management. These systems are employed for planning and managing the movement of freight and all forms of logistical activities. Transportation management systems enable reliable and cost-effective supply chain management.
According to the market research report published by Transparency Market Research, Analysts predict that between 2014 and 2022, the market will rise at a CAGR of 12.20% to reach US$19.2 bn by the end of 2022. The positive incline in the overall transportation management systems market is attributable to the expansion of intermodal transportation. Furthermore, as the old transportation management system installations require renewals and replacements, they are expected to fuel the overall transportation management systems market. Additionally, the growing usage of SaaS-based TMSs is also expected to propel the global transportation management systems market in the coming years.
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The global transportation management systems market is segmented on the basis of end-use application, software deployment, and geography. The end users of transportation management systems are food and beverages, transportation and logistics, electrical and electronics, retail, and others such as pharmaceuticals. On the basis of software deployment, the overall market is segmented into on-demand and on-premise. Geographically, this market is segmented into Asia Pacific, North America, Asia Pacific, and Rest of the World.
In terms of regions, North America held the leading share in terms of revenue in the global transportation management systems market in 2013. North America is expected to maintain its dominance in the coming years due to the growing demand for SaaS-based transportation management systems in the region.
The leading players in the transportation management systems market are Precision Software Inc., SAP SE, Descartes Systems Group Inc., One Network Enterprises, Manhattan Associates Inc., 3GTMS Inc., Oracle Corp., Lean Logistics Inc., CargoSmart Ltd., and JDA Software Group Inc. The research report has profiled these players to provide a thorough explanation of the competitive landscape of the global transportation management systems and the policies governing its trajectory in the foreseeable future. Additionally, the research report also provides an analysis of the investment outlook, research and development activities, business and marketing strategies, joint ventures, product portfolio, and strategic mergers and acquisitions of these players in the near future.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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