New York, NY -- (SBWire) -- 05/09/2019 --The growth of the market for Transport Management System is driven by the increasing demand of digitalization in transportation
This report on Transport Management System Market offers a detailed analysis of the trends along with the prospective growth of the same in the forecasted period. It evaluates the pricing, demand, growth, revenue, size and gross margin of the industry. For this study, the historical data has been collected from the years 2016 and 2017, taking the year 2018 as the base year and drawing a forecast for the years 2019 to 2026. The industry has seen a stable growth recently and its demand is projected to rise rapidly in the future.
The Transport Management System Market is forecast to grow from USD 82.40 billion in 2018 to USD 206.30 billion by 2026, at a CAGR of 11.24%, during the forecast period.
The Transport Management System Market is forecast to show significant growth due to the increase in implementation of IoT and rising need for digitalization in transport systems.
Transport management system (TMS) is system which provide solution to help companies to perform operation more reliably, efficiently and cost effectively. It is a part of both supply chain management and resource management. In order to monitor and manage the business, Most of the enterprises use Transport management system software.
The major key players in the market are BluJay Solutions (Greater Manchester, UK), Oracle Corporation (California, US), CTSI-Global (Tennessee, US), Metro Infrasys Private Limited (New Delhi, India), JDA Software, Inc. (Arizona, US), MercuryGate International, Inc. (North Carolina, US), Inet-Logistics GMBH (Dornbrin, Austria), TMW Systems, Inc. (Ohio, US), SAP SE (Walldorf, Germany) and Descartes (Waterloo, Ontario)
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Further key findings from the report suggest
- The Transport Management System Market is forecast to grow from USD 82.40 billion in 2018 to USD 206.30 billion by 2026, at a CAGR of 11.24 %, during the forecast period.
- The Transport Management System Market is forecast to show significant growth due to the increase in implementation of IoT and rising need for digitalization in transport systems.
- Based on Management, the market can be divided as Traffic management and Operations management. The traffic management segment is estimated to grow at the highest CAGR of 11.64% during the forecast period. The various methods of traffic management segment reduce the network monitoring costs while improving the control and flexibility.
- As Transportation means, the divisions are Roadways and Railways. The roadways segment is estimated to grow higher than the railways segment. Roadways are mostly suitable for moving small quantities of goods to widely spread markets. Roadways are most preferred modes of transportation, especially when traveling short distances. The major concern in this mode of transportation is the delay due to traffic. As major financial loss to transportation companies is because of the congestion due to the increasing number of vehicles.
- Based on Deployment mode, it is divided as Hosted and on premise. The hosted deployment mode is estimated to dominate the market than the on-premises deployment mode as, hosted deployments are affordable in terms of installation and infrastructure costs compared to on-premises deployments. Less maintenance need and cost effectiveness are the other benefits enhance the growth of the hosted deployments segment.
- The Transport Management System Marketis segmented across five regions, namely, North America, Asia-Pacific (APAC), Europe, the Middle East and Africa (MEA), and Latin America. APAC is forecast to dominate themarket because of the increasing need for digitalization.
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Some of the key findings from our Transport Management System Market forecast report
This report gives an analysis of the historical data and trends to draw a forecast of the potential growth Transport Management System Market exhibits a potential for growth and technological advancement primarily in its uses in rubber industries and shall experience a stable growth in the next five years. The historical analysis suggest certain trends that the industry might experience and the prospects of growth during the forecasted years. This study also offers vital insights into the industry to provide the fields that are the most beneficial for investment and gives a competitive strategy that is most advantageous in the industry.
Segments covered in the report:
For the purpose of this report, the market has been segmented on the basis ofmanagement, Transportation means, deployment andregion:
Management Outlook (Revenue, USD Million; 2018-2026)
- Traffic management
- Operations management
Transportation means(Revenue, USD Million; 2018-2026)
- Railways
- Roadways
Deployment modeOutlook (Revenue, USD Million; 2018-2026)
- Hosted
- On-Premise
Regional Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
- North America
o U.S.
- Europe
o France
o UK
- Asia Pacific
o China
o India
o Japan
- Latin America
o Brazil
- MEA
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Transport Management System Market in-Depth Analysis by Top Players: Oracle, CTSI-Global, SAP SE, Descartes : Market Size by 2026 - USD 206.30 Billion : Market Growth - C
This Transport Management System Market report covers the status of import and export, supply chain management, distribution channels, production volume, production capacity, product price, profit, sale and others elements.