Transportation management market on the basis of components, deployment modes, transportation modes, applications, and regions as well as Transportation management market report also aims to provide detailed information about the major factors influencing the growth of the market.
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The global transportation management system market is expected to grow from $78.20 billion in 2017 to $ 202.14 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.9%.
The deployment of hosted transportation management systems is expected to rise as hosted deployment is less expensive in terms of implementation and infrastructure costs, as compared to on-premises deployment. Low maintenance requirements and cost effectiveness are some of the other benefits driving the growth of the hosted deployments segment.
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Major vendors that offer transportation management system solutions across the globe are 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), and TMW Systems, Inc.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the transportation management system market.
- By Company Type: Tier I:22%, Tier II:30%, Tier III:48%
- By Designation: C-Level:30%, Director Level:45%, Others: 25%
- By Region: North America:48%, Europe: 30%, APAC:22%
Among the 5 regions, APAC is expected to be the fastest-growing region in the transportation management system market during the forecast period due to the increasing digitalization of industries in this region. Maintaining and managing distribution networks and overall supply linkages are essential for organizations.
Some major points from TOC:
9 Global Transportation Management System Market Analysis, By Application
9.2 Consumer Goods and Retail
9.3 Parcel and Package
9.4 Fire Station
9.6 Travel and Tourism
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Therefore, organizations are implementing transportation management solutions that offer control and visibility over the entire transportation process. Hence, the APAC region is positioning itself as an attractive market for transportation management solution vendors.
These vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions to expand their presence in the transportation management system market.
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