Transportation Management System Market Actual Need Outlook, Supportive Judgment | Oracle Corporation, SAP, C.H. Robinson, BluJay Solutions

As technology progresses, transportation management systems are expected to become one of the most helpful transportation solutions in the supply chain management. Transportation management system (TMS) is a platform designed to streamline the transportation process, a subpart of the supply chain. It deals with monitoring, organizing, managing, and handling any matter related to the transportation of the products right from placing the order until the final delivery. The popularity of the TMS platform is continuously growing. According to recent studies, almost 35% of the businesses are now using the platform for managing their transportation network. With increasing complexities of logistics and transportation, as the business grows, the need for transportation management systems can never be exaggerated. Technically, TMS enables better transactional and communication system to allow the users to leverage from vast real-time data, make easier decisions, and plan & strategize for optimal transportation solutions.

Download Free Sample of This Strategic Report: https://reportocean.com/industry-verticals/sample-request?report_id=AMR1713

Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.

Transportation management systems equip the shipper with all necessary and advanced tools that play a vital role in monitoring, organizing, and managing the shipment process. The platform can be leveraged to handle several types of shipments all under a single dashboard allowing control from a centralized location. It resolves and mitigates all unnecessary stress and dubieties that might occur due to unknowingness. Huge technological advancements across the transportation & logistics sector create a positive correlation for the global transportation management system market. Furthermore, exponential growth within the e-commerce industry has expanded the significance of logistics process, thereby creating a high need for effective transportation management system. However, there is growing data security concern to create a staggering effect on the market. Growing popularity of autonomous and connected vehicles coupled with rising adoption of cloud technology and industry 4.0 is estimated to have a positive impact on the market growth during the forecast period.

The transportation management system market is primarily segmented on the basis of component, solution type, deployment model, transportation mode, and industry vertical. Based on component, the market is bifurcated into solution and services. By solution type, it is segmented into planning & execution, order management, audit, payment, & claims, reporting & analytics, and routing & tracking. Based on deployment model, the market is divided into on-premise and cloud. On the basis of transportation mode, the market is fragmented into roadways, railways, airways, and maritime. Based on industry vertical, it is classified into retail, healthcare & pharmaceutical, manufacturing, transportation & logistics, energy & utilities, government, and others.

Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=AMR1713

KEY BENEFITS FOR STAKEHOLDERS
- The study provides in-depth analysis of the transportation management system market along with current trends and future estimations to elucidate imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
- Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of transportation management system market for the period 2020-2027 is provided to determine the market potential.

KEY MARKET PLAYERS
- Oracle Corporation
- SAP
- C.H. Robinson
- Trimble
- BluJay Solutions
- MercuryGate International
- Blue Yonder
- Transplace
- 3GTMS
- E2Open

KEY MARKET SEGMENTS
By Component
- Solution
- Services

By Deployment Model
- On-premise
- Cloud

By Solution Type
- Planning & Execution
- Order Management
- Audit, Payment, & Claims
- Reporting & Analytics
- Routing & Tracking

Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=AMR1713

By Transportation Mode
- Roadways
- Railways
- Airways
- Maritime

By Industry Vertical
- Retail
- Healthcare & Pharmaceutical
- Manufacturing
- Transportation & Logistics
- Energy & Utilities
- Government
- Others

BY REGION
- North America
o U.S.
o Canada

- Europe
o UK
o Germany
o France
o Spain
o Italy
o Rest of Europe

- Asia-Pacific
o China
o India
o Japan
o Australia
o South Korea
o Rest of Asia-Pacific

- LAMEA
o Latin America
o Middle East
o Africa

Request full Report : - https://reportocean.com/industry-verticals/sample-request?report_id=AMR1713

About Report Ocean:

We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.

Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel:+1 888 212 3539 (US - TOLL FREE)
Website: https://www.reportocean.com

This release was published on openPR.