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A transportation management system is a platform that is designed to organize the shipping of goods. It is a part of supply chain management concerning transportation solutions. Transport Management System allows shippers to automate the processes and receive valuable insights to save time and reduce the costing. It provides solutions that help companies to carry out operations more efficiently, reliably and cost-effectively. TMS helps transport firms to optimize the route chart of shipment from origin to destination taking into account all factors including planning, execution, fleet management, etc.
The major growth drivers of the transportation management system market include the Industrial Revolution due to population explosion, digitalization and rising obstruction in the cities.
The evolution of IoT and the utilization of Big Data in transportation industry give huge opportunities for growth to the vendors in the market.
The rapid urbanization in developing and developed countries has led to unprecedented congestion in metro cities. Growth in the population has resulted in high demand for transportation options. The need for transportation management systems is increasing day to day due to the need for safety standards during transportation, storage and handling of goods. The report accredits the increase in the growth rate of the improved on-time delivery performances, better transportation visibility, and the automated routing and rating obtained due to the installation of TMS; however, the technology involved in the development of these systems is extremely complex and expensive. The high costs associated with the installation and integration of these systems limit the growth of the market and for the End Users. The transportation system market forecast is based on the past trend and market size and share.
The challenges of transportation management right now are
One of the highest costs contributing to the concern is fuel prices. Higher fuel prices are likely to increase transportation costs which are reversing the trend that cut into the revenue and earnings of truckers and the firms as fuel prices increase at high speed.
Business Process Improvement
It has become an increasing challenge for the transportation industry to stay on top of new advances in business processes. Taking advantage of these new opportunities and technologies. It sounds attractive, but adoption and onboarding can be great.
With the increasing fuel prices comes a greater credit crisis and rising inflationary demands that take a greater toll on the economy. This industry is getting overloaded by increasing compliance regulations, declining demand, additional capacity with additional increases in key cost centers. A diverse pricing model would be more beneficial for small businesses and developers who lack a strong financial position.
Selecting the best carrier
Not all shipments are the same. Sometimes, shipments are time or temperature-sensitive, it requires special delivery services or needs to be handled with extreme care. Not all shipments should be handled by a single carrier.
The Transport Management System is segmented into Components, Mode of transportation, Applications, End-use Industry and others.
Component Segment Analysis
Mode of Transportation Segment Analysis
Application Segment Analysis
· Passenger Transportation
· Goods Transportation
End-Use Industry Segment Analysis
· Travel & Tourism
· Construction & Heavy Equipment
· Government Transportation
· Consumer Electronics
· North America
· Asia Pacific
· Latin America
· Middle East and Africa
• SAP SE (Walldorf, Germany)
• Oracle Corporation (California, US),
• Manhattan Associates (Georgia, US),
• Descartes (Waterloo, Ontario),
• JDA Software, Inc. (Arizona, US)
• CTSI-Global (Tennessee, US),
• Inet-Logistics GMBH (Dornbrin, Austria),
• BluJay Solutions (Greater Manchester, UK),
• MercuryGate International, Inc. (North Carolina, US),
• Efkon AG (Raaba/Graz, Austria),
• Metro Infrasys Private Limited (New Delhi, India)
• TMW Systems, Inc. (Ohio, US).
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities). The study also provides company’s positioning and market share of the overall market.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global Transportation Management System market by the following segments:
- Mode of Transportation
- End Use Industry
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Transportation Management System Industry Report
• What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
• Which region would have high demand for product in the upcoming years?
• What are the factors driving the growth of the market?
• Which sub-market will make the most significant contribution to the market?
• What are the market opportunities for existing and entry-level players?
• What are various long-term and short-term strategies adopted by the market players?
The report offers a comprehensive insight on the Transportation Management System Market share, competitor landscape, market trends, growth, revenue, and key driver’s analysis with coverage of key players, top geographies, product types and end user.
Exhaustive secondary research and in-depth primary interviews with industry experts has been conducted to present qualitative and quantitative insights in the report.
We offer customizations as per client’s specific needs.