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Transportation Management Systems (TMS) Market to Witness Robust Expansion by 2023
A transportation management system (TMS) is a subset of supply chain management concerning transportation operations and may be part of an enterprise resource planning system.
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Global Transportation Management Systems (TMS) Market: Forecast by Type / Application / Region
Transportation management solutions play a crucial role in handling transportation related activities, such as moving goods from the supplier to the place of production and then to the end user. There is a high demand for an efficient transportation management system to reduce the overall delivery time, owing to the increase in global trade activites. Enterprises look forward to a system that can handle all the inbound and outbound operations of supply chain management that involves transportation management, planning and decision making, transportation execution, transport follow-up, and measurement. Transportation done via roadways, railways, airways, and seaways or in a combination of one or more of these, has to be well planned, executed, and delivered.
In the past five years from 2012 to 2016, due to the intellectualization of transportation management systems, global TMS industry developed fast with near 13% growth rate. The major growth factors that drive the implementation of transportation management systems includes decreasing prices of RFID-based devices and sensors and the increased collaboration between hardware providers and content suppliers. North America is the leader in the adoption and implementation of transportation management systems followed by Europe. APAC and MEA are setting interactive technologies owing to the growing usage of cellular devices the internet.
Over the next five years, LPI(LP Information) projects that Transportation Management Systems (TMS) will register a 14.8% CAGR in terms of revenue, reach US$ 3640 million by 2023, from US$ 1830 million in 2017.
Global Transportation Management Systems (TMS) Market: Key Players
JDA Software
Oracle Corporation
Manhattan Associates
Descartes
SAP SE
BluJay
TMW Systems
Omnitracs
ORTEC
HighJump
MercuryGate
One Network Enterprises
Precision Software
CargoSmart
Next Generation Logistics
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Related Information:
United States Transportation Management Systems (TMS) Market Research Report 2018
Europe Transportation Management Systems (TMS) Market Research Report 2018
North America Transportation Management Systems (TMS) Market Research Report 2018
Asia-Pacific Transportation Management Systems (TMS) Market Research Report 2018
China Transportation Management Systems (TMS) Market Research Report 2018
EMEA Transportation Management Systems (TMS) Market Research Report 2018
Global Transportation Management Systems (TMS) Market Research Report 2018
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