The Global Transportation Management System market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure.
Global Transportation Management System (TMS) Market is valued approximately USD 70 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 16% over the forecast period 2020-2026. Transportation Management System is a platform designed to streamline the transportation process.
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That eradicates human error and enhance the effectiveness of the business. This TMS is the necessity for reverse logistics procedure. This technology evaluates and report complete shipping data, monitor vendor and carrier accomplishment, improve routing and mode, and also gives end-to-end visibility of transportation movement. Digital Revolution in Transport is one of the key driving forces in the market growth. Through these digital technologies, such as Radio-Frequency Identification (RFID) and collaboration platforms, TMS providers are discovering ways to fulfill real-time economy demand for a timely and faster accomplishment of business process in each industry. Timing, Speed, optimization and efficiency are the key factors in transportation and logistics, which are attainable owing to the implementation of digital technologies. Consequently, the digital technologies are revolutionizing the landscape of the transportation industry, thus encouraging TMS vendors and third-party sources to incorporate digitized systems for transportation activities and supply chain management. For instance, in January 2017, MercuryGate International introduced its Logistics Integrator Program to combine the proficiency of MercuryGateâ€™s TMS technology with pre-certified Logistics Services Providers (LSPs). Similarly, In May 2017, Oracle added new capabilities to its logistic cloud solutions, namely, Oracle Transportation Management (OTM) Cloud and Oracle Global Trade Management (GTM) Cloud. The new capabilities are expected to modernize the transportation process, upsurge the rate of perfect order performance, and decrease the order cycle times. Furthermore, advent of IoT and Big Data is expected to create significant growth opportunity in the market over the forecast period. However, high installation and integration costs impedes the growth of the market over the forecast period of 2020-2026.
The regional analysis of global Transportation Management System market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the integration of GPS and route planning system. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as increasing international trade, particularly in emerging economies, such as China and India, growing economies would create lucrative growth prospects for the Transportation Management System market across Asia-Pacific region.
Major market player included in this report are:
Descartes Systems Group
JDA Software, Inc.
MercuryGate International, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Transportation mode:
Consumer goods and retail
Parcel and package
Travel and tourism
By Deployment mode:
The primary goal of the research report on Global Transportation Management System market is to address all client queries and requirements pertaining to the growth of this business sphere over It divides this industry into several segmentations and thoroughly investigates them in order to unveil the most profitable prospects going forward. Moreover, it highlights the production and consumption aspects to provide a clear indication of the market’s growth patterns for the coming years. The report also contains the following to offer an accurate interpretation of the domain over the stipulated period:
- Future industry trends
- Primary growth catalysts and restraints
- Estimated growth rate projections for the market and its sub-markets
- Footprint of the Coronavirus pandemic on the key regional markets.
Global Transportation Management System market are facing a plethora of challenges. Travel bans and quarantines, halt of indoor/outdoor activities, temporary shutdown of business operations, supply demand fluctuations, stock market volatility, falling business assurance, and many uncertainties are negatively impacting the business dynamics.
- Geographically speaking, Global Transportation Management System market size spans across the regions North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, South America.
- Records of sales figures, imports, and exports of each regional contributor.
- Consumption volume and consumption value of each geography.
- Country wise fragmentation of the listed regions.
- Evaluation of the net revenue, consumption volume, and year-on-year growth rate of each geography over the forecast period.
Summary of the regional outlook documented in this report:
- Consumption pattern and consumption rate with respected to each region.
- Predicted consumption rates over the forecast period.
- Market forecasts of key regions are detailed in the report.
- Consumption market share solely based on the regional contribution.
- Market share held by the listed geographies.
COVID-19, the disease it causes, surfaced in late 2019, and now had become a full-blown crisis worldwide. Over fifty key countries had declared a national emergency to combat coronavirus. With cases spreading, and the epicentre of the outbreak shifting to Europe, North America, India and Latin America, life in these regions has been upended the way it had been in Asia earlier in the developing crisis. As the coronavirus pandemic has worsened, the entertainment industry has been upended along with most every other facet of life. As experts work toward a better understanding, the world shudders in fear of the unknown, a worry that has rocked global financial markets, leading to daily volatility in the U.S. stock markets.
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