Press release
Global Dock and Yard Management System Market Report 2024: Trends, Technologies, and Growth Forecast
Dock and Yard Management System Market Report
The new report published by The Business Research Company, titled Dock And Yard Management System Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the dock and yard management system market size has grown rapidly in recent years. It will grow from $3.65 billion in 2023 to $4.09 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The dock and yard management system market size is expected to see rapid growth in the next few years. It will grow to $6.5 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%.
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What Is Driving The Growth Of The Global Dock And Yard Management System Market?
Impact Of Global Trade Growth On Dock And Yard Management Systems Market
The growth in global trade and logistics is expected to propel the growth of the dock and yard management system market going forward. Trade and logistics encompass the processes of exchanging goods and services across borders and efficiently managing the movement, storage, and distribution of these goods throughout the supply chain. The increased demand for imported and exported goods and the expansion of global supply chains facilitate companies to adopt faster and more efficient movement of trade and logistical supplies. Dock and yard management systems are required for trade and logistics to optimize the handling, scheduling, and tracking of goods, improving efficiency and reducing delays in the supply chain. For instance, in October 2023, according to a report published by the World Trade Organization (WTO), a Switzerland-based intergovernmental organization, trade growth for 2024 is predicted to be 3.3%, slightly surpassing the WTO's estimate of 3.2% from April. Additionally, the share of politically aligned trading partners in total U.S. trade increased to 77% in the first half of 2023, up from 74% in the same period of 2022. Therefore, the growth in global trade and logistics is driving the growth of the dock and yard management system market.
What Is The Key Trend In The Global Dock And Yard Management System Market?
Technological Advancements In Dock And Yard Management
Major companies operating in the dock and yard management system market are developing automated dock door schedulers to serve customers with advanced features better. An automated dock door scheduler is a system that manages and coordinates the allocation and scheduling of dock doors for incoming and outgoing shipments, optimizing their usage and reducing wait times through automated processes. For instance, in February 2024, Yard Management Solutions, a US-based software company, launched the Magic Dock. The automated dock door scheduler is a unique solution to enhance yard management by revolutionizing appointment scheduling and trailer movements. Unlike previous systems that faced prolonged wait times and errors due to manual scheduling, YMS Magic Dock addresses these issues by offering a streamlined, automated approach. This system reduces wait times and errors by automatically assigning appointments to dock doors based on pre-defined rules, allowing for optimized trailer sequencing and redirecting focus to higher-priority tasks, thus significantly boosting operational efficiency.
How Is The Global Dock And Yard Management System Market Segmented?
The dock and yard management system market covered in this report is segmented -
1) By Type: Transportation Management Systems (TMS), Warehouse Management Systems (WMS)
2) By Deployment Model: On-Premises, Cloud
3) By Application: Warehouse Management, Gate Management, Dock Scheduling, Trailer Tracking, Yard Management
4) By End-User Industry: Transportation And Logistics, Manufacturing, Retail And E-Commerce, Warehousing, Healthcare, Other End-User Industries
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How Is The Competitive Landscape Of The Global Dock And Yard Management System Market?
Major companies operating in the dock and yard management system market are Oracle Corporation, SAP SE, Zebra Technologies Corporation, Epicor Software Corporation, Blue Yonder Inc., Samsara Inc., Manhattan Associates Inc., Descartes Systems Group Inc., Project44, Tecsys Inc., FourKites Inc., Softeon, Lazer Spot Inc., HighJump Software Inc., Kueb*ix LLC, Logiwa Inc., TMW Systems LLC, Kelley Dock Solutions, Cerasis Inc., ProAct International Ltd., JDA Software, Royal 4 Systems Inc., Made4net LLC, Transplace, C3 Solutions LLC
Contents Of The Global Dock And Yard Management System Market
1. Executive Summary
2. Dock And Yard Management System Market Report Structure
3. Dock And Yard Management System Market Trends And Strategies
4. Dock And Yard Management System Market - Macro Economic Scenario
5. Dock And Yard Management System Market Size And Growth
…..
27. Dock And Yard Management System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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