The Pivotal Study of Global Transportation Management Systems (TMS) Market – Market Synopsis, Industry Key Players, Market Tracking, Regional Forecast till 2026
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2019 to 2026
Description:
According to the report, the global Transportation Management Systems (TMS) market is valued at approximately USD 90,975 million in 2019 and is expected to generate revenue of around USD 351,518 million by 2026, growing at a CAGR of roughly 21.3% from 2019 and 2026.
Transportation management systems market is expected to grow owing to the increasing trade between various countries, rapid growth in communication technologies and IoT. Meanwhile, the advancements in freight security, safety, and transportation solutions are also projected to propel this market’s growth. However, congested trade routes and cross-border trade risks and environment concerns related to transportation and logistics may hamper the market’s growth.
A transportation management system (TMS) is a subset of supply chain management (SCM) that deals with the planning, execution and optimization of the physical movements of goods. In simpler terms, it's a logistics platform that enables users to manage and optimize the daily operations of their transportation fleets.
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Competitive Insights
Major manufacturers profiled in the analysis report include 3GTMS, Inc, Oracle Corporation, JDA Software Group, Inc, Manhattan Associates Inc, CargoSmart Ltd, One Network Enterprises, Lean Logistics, Inc, Descartes Systems Group, Inc, MercuryGate International, Inc, The Descartes Systems Group, Logility, SAP, and others.
Regional Insights
In 2018, the global transportation management systems market was mainly concentrated in the three regions of Asia-Pacific, North America and Europe, with the market share of 22.41%, 36.32% and 35.22% respectively, accounting for a total of 93.95%.
North America is expected to hold a substantial share in the global transportation management systems market. This can be attributed to freight management solutions and services, which are adopted by many users in this region. The U.S. is estimated to make a major contribution in North America due to its sustainable and well-established economy which empower it to make huge investments in R&D activities. The European transportation management systems market is mainly driven by the rising exports of motor vehicles. The Asia Pacific is estimated to grow at a significant rate in global transportation management systems market during the forecast period owing to the rising investments in the aviation sector.
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Type Insights
Important types of the product covered in this report include Railways, Roadways, and Other.
Application Insights
The Transportation Management Systems (TMS) is deployed in various end users: Consumer goods and retail, Parcel and package, Fire station, Hospital, Travel and tourism, Mining, Others (food and beverage, and electronics and electrical).
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Audience
Transportation management systems manufacturers
Distributors and resellers of transportation management systems
Transportation management systems industry associations
Product managers, transportation management systems industry administrator, C-level executives of the industries
Market Research and consulting firms
Healthcare organizations
Technology providers
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