Transport System Market forecast to witness phenomenal growth opportunities by 2024

Global Transport System Market: Overview

Being a division of planning and execution system, transport system provides solutions that aid companies to complete operations in a more reliable, efficient, and cost-effective way. TMS can also be called as a part of resource management and supply chain management. To monitor and manage the business, a majority of the companies utilize this software. The software is also used for transport companies as it optimizes the shipment routes (source to destination) taking into account all other aspects such as execution, planning, fleet management, and so on.

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Global Transport System Market: Growth Factors

Swiftly growing economies provide opportunities as well as challenges in the global market for transportation industries. Growing goods shipment all around the world is a key factor responsible for channel congestion as well as for rising cutthroat competition in the global market. As a result, the demand of transport system is rapidly increasing mainly owing to the increasing need for safety standards during transportation, handling, and storage of goods. Furthermore, rising transportation costs owing to intricate and exhaustive transportation networks results in growing need for TMS, positively impacting the global market growth. New advancements in TMS software as compared to the conventional software is another major reason boosting the global transport system market growth.

Global Transport System Market: Segmentation

The global transport system market is categorized based on the applications, features, transportation modes, and types of license. Based on the feature, the global market is segmented as execution, planning & optimization, and visibility & performance management. On the basis of application, the global market is categorized as capacity management, transport sourcing, performance management, shipping consolidation, network design, and route planning. The transport sourcing segment is further sub-segmented as multiple sourcing, single sourcing, and hybrid sourcing. Based on the type of license, the global market is divided as on-premises hosted licensing, on-premises licensing, and hosted licensing. On the basis of mode of transportation, the global transport system market is segmented as roadways, railways, seaways, and airways.

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Global Transport System Market: Regional Analysis

North America is anticipated to witness the highest growth in the global transport system market in the near future mainly owing to the integration of route planning system and GPS. Furthermore, increasing international trade particularly in developing countries—such as India and China—and in Asia Pacific is also anticipated to contribute to the growth of the market in these regions. Additionally, owing to the high demand of cost-effective operations, Europe is estimated to experience a steady growth in the global market in the near future.

Global Transport System Market: Competitive Players

Major players in the global transport system market include MercuryGate International Inc., Capterra Inc., Cerasis, Inc., SAP, Kratzer Automation AG, Oracle, Manhattan Association, JDA Software, Epicor, IBS, GTNexus, IBM, Infor Global Solution, PTC, High Jump Software, Kewill System, IFS, and Logility.

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Transport System Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa

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