Transport management systems (TMS) are a part of the supply chain management that deals with transportation and tracking. The global market for the transport management system is assessed in the report by Market Research Future (MRFR). It unfolds that the global market is set to mark 20% CAGR over the forecast period 2017 to 2023.
The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.
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The segments of the transportation management system market, based on component, are solution, hardware, and services. The hardware segment is narrowed down to cameras, sensors, and others. The sub-segments of the solution segment are operations management, traffic management, and others. The sub-segmentation of the services segment covers training & education, system integration, and support & maintenance.
On the basis of transportation, the transportation management system market has been segmented into roadways, seaways, railways, and airways.
Based on licensing type, the transportation management system market has been segmented into on premises hosted licensing, premises licensing, and hosted licensing.
The segmental analysis of the transport management system market, on the basis of deployment, includes hosted and on premise.
By application, Transportation Management Systems Market Covid 19 has been segmented into consumer goods & retail, hospital, mining, fire station, travel & tourism, and others.
The geographical evaluation of the global transportation management system market is covered in this MRFR assessment. The analysis covers four major regions – Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW). North America is prognosticated to account for the maximum share of the global market in the coming years. The growth of the transportation management system market in the region is driven by early adoption of advanced technologies. Also, rising applications among end-users are poised to trigger growth of the regional market in the foreseeable future. Asia Pacific, on the other hand, is supposed to mark a relatively higher CAGR through the review period. Increasing growth rate of the end-user industries seems to drive the expansion of the market in the coming years.
SAP SE (Germany), Manhattan Associates (U.S.), Oracle Corporation (U.S.), Descartes (Canada), CTSI-Global (U.S.), JDA Software, Inc. (U.S.), Inet-Logistics GMBH (Austria), Metro Infrasys Private Limited (India), MercuryGate International, Inc. (U.S.), BluJay Solutions (U.K), Efkon AG (Austria), and TMW Systems, Inc. (U.S.) are few of the major providers of the transport management systems software. These players are emphasizing on the integration of advanced technologies such as AI, blockchain, etc. to boost their product portfolios. This, in turn, is presumed to accelerate competition in the market place over the next few years. Other growth strategies expected to be utilized by the market participants are collaborations, agreements, regional expansion, mergers & acquisitions, strategic partnerships, etc.
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