Transportation Management System Market: Current trends, Opportunities, Challenges and Forecast by 2025

Transportation management systems are software solutions targeted at improving the interconnectivity between various components of a transportation network in order to make it more efficient. The global transport management systems market has been driven in recent years primarily by the increase in intermodal transport due to the demands of globalization. The sustained rise in global trade is likely to enable steady growth of the global transportation management system market in the coming years.

The global transportation management system market is divided by application into industrial, food and beverage, electrical and electronics, retail, and transportation and logistics. Of these, transportation and logistics is likely to remain the leading consumer in the global transportation management system market in the coming years. Road transportation service providers are estimated to remain the leading segment for the global transportation management system market within the transportation sector.

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On the basis of deployment, cloud-based transportation management systems are likely to dominate the global transportation management system market in the coming years. Cloud-based transportation management systems are much easier to handle than on-site systems, which is the key factor enabling their steady demand. Cloud frameworks also allow the transportation manager to handle growing amounts of customer data with ease, which is likely to be important to the market’s growth in the coming years.

The global transportation management system market is likely to benefit significantly from the growth of the global retail, food and beverage, and electronics industries in the coming years. Despite the steady dominance of the transportation and logistics sector in the global transportation management system market, the booming global trade in food and beverage is likely to be vital to the market’s growth prospects in the coming years. The steady growth of the retail industry in developing regions has also boosted the overall growth prospects of the global transportation management system market. The rising disposable income of consumers in developing countries is thus likely to play a crucial role in the development of the transportation management system market in the coming years.

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The prime trend in the global transportation management system market is the steady adoption of technological advances. The rising adoption of transportation management systems based on the Software-as-a-Service (SaaS) configuration is thus a key driver for the global transportation management systems market. Widespread replacement of conventional transportation management systems by SaaS-based transportation management systems is still ongoing, making its impact on the transportation management systems market vital. The rising adoption of radiofrequency identification in transportation management is also an important driver for the global market.

The global transportation management system market is dominated by North America, due to the presence of several industry leaders and the rapid adoption of technological advances such as RFID and cloud. Europe is also likely to remain an important region for the global transportation management system market in the coming years due to the increasing volume of trade in Pan-European corridors. The booming retail and food and beverage industry in Asia Pacific is also likely to have a lasting impact on the global transportation management system market in the coming years.

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