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Dock and Yard Management Systems Market : Industry Development Scenario and Forecast to 2027

08-16-2022 04:58 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR

Logistics management systems and technologies continue to evolve with evolving requirements. At present, the significant growth in the transported volume across the globe and just-in-time operation models have added a great amount of pressure at logistic hubs such as shipping yards. The glaring rise in inbound and outbound activities across yards around the world has led to the rise in demand for efficient and reliable dock and yard management systems. Yard managers are increasingly being burdened with increased freight volumes due to which, the demand for yard and dock management systems is on the rise. Furthermore, as the yard and docks around the world are expected to comply with security regulations, yard management solutions have gradually gained a great level of traction- a trend that is expected to drive the dock and yard management systems market during the forecast period.

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At present, dock managers are highly in favor of installing efficient dock and yard management systems to streamline operations. Dock and yard management systems are increasingly being used across a host of facilities, including fulfillment centers, airlines cross-docks, warehouses, distribution centers, and other facilities to monitor the movement of ships and facilitate seamless loading and unloading of goods. Dock and yard management systems are gradually replacing redundant manual operations, including approving dock bookings, tracking the carrier movement, and allocating docks to trucks, among others. At the back of these factors, along with growing emphasis on developing advanced dock and yard management systems, the global dock and yard management systems market is expected to attain a market value of ~US$ 9 Bn by the end of 2027.

Focus on Improving Supply Chain Management Expected to Propel Market Growth
Advancements in technology have played an imperative role in improving the efficiency levels across the supply chains worldwide. The advent of cloud technology is expected to revolutionize logistics and transportation management in the upcoming years, as more number of yards and docks across the word are leaning toward leveraging these technologies to maximize cost-efficiency and performance output.

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Cloud based supply chain management systems are expected to gain a notable amount of popularity over the upcoming years as awareness pertaining to the advantages of cloud-systems is on the rise. Drawback circling around traditional supply chain models, including manual inventory management coupled with local area purchasing are some of the leading factors due to which, cloud-based yard and dock management systems are making inroads in recent years - a trend that is expected to gather noteworthy momentum over the course of the assessment period. This is likely to propel the dock and yard management systems market during the forecast period.

Cost-efficiency, seamless workflow modeling, and minimizing losses across supply chains worldwide are some of the major benefits of deploying cloud-based yard and dock management systems. In addition, another factor that is likely to generate demand for cloud-based systems is the ease at which these systems can be integrated with the existing localized software and systems.

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Yard and dock management systems and tools, including RFID tags and GPS are set to gain notable traction in the upcoming years in the dock and yard management systems market, as they assist staff to locate goods across yard and warehouse. Although the logistics sector lags behind as far as digital transformation led by technological advancements is concerned, the adoption of dock and yard management systems has garnered momentum over the past few years- a trend that is expected to fuel the expansion of the dock and yard management systems market during the forecast period. Logistics companies particularly based in North America and Europe are increasingly focusing on integrating advanced yard and dock management systems. Although logistics companies are likely to focus on remaining independent and negate the risk of providing control to the system, the development of an in-house system is projected to remain a daunting task.

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About Transparency Market Research

Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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