What Are the Benefits of Transportation Management System Market | Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

The transport management system enables the shipping manager to understand the information and format, which further helps in effective decisions for the company. Moreover, the 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 help in business growth pose as drivers for the growth of the market. In addition, increasing usage of IoT and big data technology along with the growing adoption of cloud technology provide key opportunities for the 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 the growth of the transportation management system market.

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Key Players in the Global 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

On the basis of the deployment model, the global transportation management system market is segmented into:
-Cloud / Hosted
-On Premises

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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On the basis of geography, the global transportation management system market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America holds a dominant position in the global transportation management system market and is projected to retain its dominance throughout the forecast period. The U.S. and Canada are the major countries driving growth of the transportation management system market in the North American region. Companies are focusing on innovation and are continuously adopting advanced technologies, in turn, fueling the demand for transportation management system in the region. Similarly, Asia Pacific is projected to exhibit the highest CAGR over the forecast period. India, China, and Japan are some of the major countries that drive growth of the market in Asia Pacific region. The increasing digitalization in emerging economies contributes to increasing demand for transportation management system, in turn fueling growth of the market in the region.

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