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Progressive Markets added a detailed report titled, "Global Transportation Management System Market- Size, Trend, Share, Opportunity Analysis & Forecast, 2015–2023". According to the report, the transportation management system industry is expected to grow at a considerable CAGR during the forecast period.
Transportation management system is a part of the supply chain management that deals with conveyance solutions. The system ensures cost-effective and efficient transportation and movement of goods and services to their destination.
The transportation management system market has experienced widespread acceptance owing to the use of technologically advanced methods such as number plate recognition and customized robots for loading and unloading the goods. The benefits of implementing transportation management systems include freight brokerage and route management, improved warehouse efficiency, better supply chain efficiency, and most importantly high level of customer satisfaction.
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Drivers, Restraints, and Opportunities:
The global transportation management system report delves into the key contributing factors that lead to the growth or the failure of the market. With the growing presence of digitization in every sector, the industry has witnessed a complete transformation.
The rapid urbanization in developing and developed countries has led to an unprecedented congestion in metro cities. Growth in population has resulted in a high demand for transportation options, thus fueling the need for efficient systems to manage the increasingly complicated network.
The report attributes the increase in the growth rate to the improved on-time delivery performance, better transportation visibility, and the automated routing and rating obtained due to the installation of transportation management systems. However, the technology involved in the development of these systems is extremely complex and expensive.
In addition to the technology, the high costs associated with the installation and integration of these systems limit the growth of the market. The transportation system market forecast is based on the past trends and market size and share.
The global transportation management system industry is analyzed across four major categories- transportation mode, component, application, and the geography. Based on the mode of transportation, the market is segregated into railways and roadways.
The components that constitute a transportation management system include software, hardware, and services. These systems find applications in diverse fields, ranging from consumer goods & retail, travel & tourism, hospital, parcel & package, mining, fire station, and others.
The report identifies the most lucrative investment options across the globe in the regions of North America, Asia-Pacific, Europe, and LAMEA. The report includes the region-wise transportation management system market size of the aforesaid segments.
The report profiles the leading players in the market and presents a brief overview of the organization, their financials and business segments, and the recent developments made in the global market. The key players that account for a major part of the global transportation management system market share include Robert Bosch GmbH, Continental AG, Denso Corporation, Harman International Industries, Inc., Siemens AG, IBM Corporation, Sierra Wireless, Inc., Cisco Systems, Inc., Calamp Corp., and Precious Shipping Public Company Ltd.
SAP SE, Oracle Corporation, Manhattan Associates, Descartes, JDA Software, Inc., CTSI-Global, Inet-Logistics GmbH, Blujay Solutions, Mercurygate International, Inc., and Efkon AG. Information about the key winning strategies adopted by the leading market players enable the new entrants and potential investors to obtain a strong foothold in the market.
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Key Benefits of the Report:
Quantitative and quantitative analysis of the global transportation management system market highlights the current and emerging market trends and provides detailed information on the key market dynamic factors. The extensive study is conducted by observing the key product positioning and closely monitoring the top contenders within the framework of the transportation management system market.
Porter's Five Forces Model analyzes the influence of the bargaining powers of buyers and suppliers, the threat of new entrants and substitutes, and the intensity of competitive rivalry, on the development of the market.
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