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Transportation Management System Market to Reflect Significant Incremental Opportunity During 2018-2026

08-17-2018 04:47 PM CET | IT, New Media & Software

Press release from: CMI - Information and Communication Technology

Transportation Management System Market

Transportation Management System Market

Transportation management system software and solution is a tool by shipping professionals to detect the data points of the distribution, warehouse supply, route options, rates, transport network. Transport management system enables the shipping manager to understand the information and format, which further helps in effective decision for the company.  Moreover, transportation management system involves low costs, management of high level customer services, improvement of productivity and efficiency of the logistic operation, and capability of target logistic initiatives that helps in business growth pose as drivers for growth of the market. In addition, increasing usage of IOT and big data technology along with growing adoption of cloud technology provide key opportunities for growth of the transportation management system market. However, insufficient IT investment for transportation infrastructure and high data security concerns are some of the major factors, hindering growth of the transportation management system market.

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Key Vendors of Transportation Management System Market: TMW Systems, Inc., SAP SE, Oracle Corporation, Metro Infrasys Private Limited, Mercurygate International, Inc., Manhattan Associates, JDA Software, Inc., Inet-Logistics GmbH, Efkon AG, Descartes, CTSI-Global, and Blujay Solutions are some of the major players operating in the global transportation management system market.

Transportation Management System Market Taxonomy

On the basis of mode of transportation, the global transportation management system market is segmented into:

Railways
Roadways
Airways
Seaways

Among mode of transportation, the roadways segment is projected to grow with the largest CAGR over the forecast period. Increasing number of vehicles have resulted in congested roads, in turn causing financial losses to transportation companies. To overcome this issue, the companies are adopting transportation management solutions to find the best routes and reduce financial losses.

On the basis of deployment model, the global transportation management system market is segmented into:

Cloud / Hosted
On Premises

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Among deployment model, the cloud/ hosted segment is projected to exhibit the highest CAGR over the forecast period. Increasing adoption of cloud technology by various industries has contributed to its rapid growth, in turn boosting the transportation management system solutions market.

On the basis of application, the global transportation management system market is segmented into:

Aerospace & Defense
Automotive
Chemical
Electronics & Electrical
Food & Beverage
Government
Machinery Manufacturing
Pharmaceutical
Retail
Transportation & Logistics
Wholesale & Distribution
Others

On the basis of function, the global transportation management system market is segmented into:

Planning & Execution
Fleet Management

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About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Coherent Market Insights
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