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Transportation Management Systems Market Touched USD 9.5 billion in 2021, and to reach USD 31.8 billion in 2029, expanding at a CAGR of 16.3% | Size & Research Report
Transportation Management Systems Market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/transportation-management-systems-market-analysis-industry-research/
The factors driving the growth of Transportation Management Systems Market includes expansion of the e-commerce industry, rising complexities in transportation and logistics, increasing penetration of smart devices, and connected machines and improvements in the living standards. According to the report published by Statista, the market size of E-Commerce Industry in India was calculated around USD 20 billion in 2015 and is expected to reach USD 350 billion by the end of 2030, which will accelerate the Transportation Management Systems Market size in the approaching years. Moreover, integration of advanced technologies such as Artificial Intelligence (AI) and blockchain in transportation management systems, rise in the launch of innovative products, commercialization of 5G technology and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, Government initiatives regarding the rollout of intelligent transportation systems and growing population growth rates, are further contributing towards the market growth.
However, growth of the Transportation Management Systems Market is hindered due to rising concerns related to data security.
The leading players operating in the market are The Descartes Systems Group Inc., Infor, Inc., IBM Corporation, 3GTMS, Hauwei, Cerasis, Inc., Inet-logistics GmbH, JDA Software Group, Inc and C.H. Robinson Worldwide, Inc., among others.
Based on Deployment, the On-Premises segment is predicted to grow at a significant CAGR during the forecast period
On premise solutions enables convenient access to the server and provides better control over customization, is propelling segments' growth.
Based on Mode of Transportation, the Waterways segment is projected to expand at a robust CAGR over the forecast period
Government initiatives promoting the use of waterways for transportation related activities, is pushing growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period
Technological innovations in the transportation management systems, expansion of the e-commerce industry, rollout of 5G technology across India and China, rapid urbanization, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Key Development
In 2019, Hauwei officially introduced its UPS power module globally, which has helped in the expansion of its product portfolio.
Market Segmentation
Segmentation by Deployment
On-Premise
Cloud
Segmentation by Mode of Transportation
Roadways
Railways
Waterways
Airways
Segmentation by End-Use
Retail & E-commerce
Manufacturing
Logistics
Government Organizations
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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