14.8% CAGR to Be Achieved by Transportation Management Systems (TMS) Market by Extensive market growth.

Transportation Management Systems Market

A transportation management system (TMS) is a subset of supply chain management concerning transportation operations and may be part of an enterprise resource planning system.

Transportation management solutions play a crucial role in handling transportation related activities, such as moving goods from the supplier to the place of production and then to the end user. There is a high demand for an efficient transportation management system to reduce the overall delivery time, owing to the increase in global trade activites. Enterprises look forward to a system that can handle all the inbound and outbound operations of supply chain management that involves transportation management, planning and decision making, transportation execution, transport follow-up, and measurement. Transportation done via roadways, railways, airways, and seaways or in a combination of one or more of these, has to be well planned, executed, and delivered.

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In the past five years from 2012 to 2016, due to the intellectualization of transportation management systems, global TMS industry developed fast with near 13% growth rate. The major growth factors that drive the implementation of transportation management systems includes decreasing prices of RFID-based devices and sensors and the increased collaboration between hardware providers and content suppliers. North America is the leader in the adoption and implementation of transportation management systems followed by Europe. APAC and MEA are setting interactive technologies owing to the growing usage of cellular devices the internet.

Over the next five years, LPI(LP Information) projects that Transportation Management Systems (TMS) will register a 14.8% CAGR in terms of revenue, reach US$ 3640 million by 2023, from US$ 1830 million in 2017.

This report presents a comprehensive overview, market shares and growth opportunities of Transportation Management Systems (TMS) market by product type, application, key companies and key regions.

To calculate the market size, LP Information considers value generated from the sales of the following segments:

Segmentation by product type:
Railways
Roadways
Segmentation by application:
Logistics & Transport
Manufacturing
Commercial
Retail

We can also provide the customized separate regional or country-level reports, for the following regions:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

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The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
JDA Software
Oracle Corporation
Manhattan Associates
Descartes
SAP SE
BluJay
TMW Systems
Omnitracs
ORTEC
HighJump
MercuryGate
One Network Enterprises
Precision Software
CargoSmart
Next Generation Logistics

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Transportation Management Systems (TMS) market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Transportation Management Systems (TMS) market by identifying its various subsegments.
Focuses on the key global Transportation Management Systems (TMS) players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Transportation Management Systems (TMS) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Transportation Management Systems (TMS) submarkets, with respect to key regions (along with their respective key countries).

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