Transportation Management System (TMS) Market-Overview
The development of the transportation sector is predicted to bolster the transport management system market 2020.
The ICT industry reports are produced by Market Research Future, which highlights market options for expansion. A
CAGR of 6.7% is predicted to spur the market in the coming period.
The digitization of the transportation industry is estimated to fuel the transportation management system software
development in the upcoming period. The necessity to efficiently capture the real-time data is projected to improve the
TMS market in the impending period.
Segmental Analysis
The segmental investigation of the transport management system market is conducted on the basis of component,
deployment, industry, and region. Based on the components, the transport management system market is segmented
into services, solutions, and hardware. On the basis of deployment, the transport management system market is divided
into on-premise and cloud. Based on the industry, the transport management system market is segmented into
construction & mining, travel & tourism, healthcare, retail, and others. On the basis of regions, the transport
management system market is segmented into Asia-Pacific, the Middle East, North America, Europe, Africa, and South
America.
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Detailed Regional Analysis
The regional scrutiny of the transportation management system market includes regions such as Asia-Pacific, the Middle
East, North America, Europe, Africa, and South America. The North American region was credited for the principal
market segment in 2018, with a market worth of USD 1,241.0 million. The transportation management system market is
likely to record a CAGR of 5.9% for the duration of the forecast period. The development in the North American market
is motivated by the incidence of crucial transportation management solutions suppliers. In addition, the initial adoption
of technology and an upsurge in demand for transportation management system from the e-commerce sector in the
region are additionally anticipated to boost the augmentation of the transportation management system market in
North America. The regional market in Asia-Pacific is anticipated to record the highest CAGR of 8.4% for the extent of
the forecast period. Soaring investments by the domestic e-commerce sector, implementation of IoT based fleet
management solutions, and augmentation of smart logistics are the factors inspiring the market augmentation in the
region.
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Competitive Analysis
The state of the market is exceptionally indecisive due to the effect of the macro factors operating in the global
economy. The road to the resurgence of the market is estimated to be elongated and arduous due to the degree of
setbacks it has suffered. The prospects for growth in the market have to be carefully sought out and examined to ensure
that they will ensure the favorable development of the market in the coming period. The competitors present in the
market are recalibrating their market share to open up new areas of development in the market. The stress on
enhancing the production potential and upgradation of the workforce are the top priorities to reinvigorate the
development potential of the market in the coming period. The establishment of robust distribution channels is
estimated to define the development of the market in the future. The investment in robotic elements in the supply chain
is estimated to be seen in the future to reduce the impact of the human capital on the long term market expansion.
The notable contenders of the transportation management system market TMW Systems (US), JDA Software Group, Inc.
(US), Manhattan Associates Inc. (US), are Oracle Corporation (US), Next Generation Logistics (US) ORTEC (The
Netherlands), Cargosmart (Hong Kong), BluJay Solutions Ltd (US), CTSI-GLOBAL (US), EFKON GmbH (Austria), Alpega
Group (Austria), Descartes Systems Group Inc. (Canada), SAP SE (Germany ), HighJump (US), MercuryGate (US), One
Network (US), QAD Precision (US), and Omnitracs, LLC (US).
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