Chicago, IL -- (SBWIRE) -- 07/19/2017 -- Transportation Management System (TMS) is a part of supply chain management that deals with the operations of transportation of goods or products. It is an integral part of the enterprise resource planning (ERP). Roadways are highly preferred modes of transportation. Major issue faced during transportation operations is congestion on the road due to traffic. Automatic number plate recognition is also part of TMS technology which is widely used in urban regions that suffer with heavy traffic issues. Using TMS technology in automatic number plate recognition reduces the networking monitoring costs and improves the control and flexibility. In addition, over speeding of the vehicles can be curbed and license plates can be recognized even during harsh weather.

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the transportation management system market. The scope of this report covers the transportation management system market by its major segments, which include the types, applications, and the major geographic regions

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The transportation management software market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. North America is the largest revenue generating region in this market. Dominance of North America is due to high focus on research and development of the TMS technologies. Europe follows as the second largest region contributing revenue in the transportation management software market in the year 2017. Asia-Pacific region also witnesses fast-paced growth due to increase in digitization.

MARKET SEGMENTATION

This report analyzes the transportation management system market by the following segments:

Transportation Management System Market, by Transportation Mode

1. Railways
2. Roadways

Transportation Management System Market, by Component

1. Solution type
2. Hardware
3. Services

Transportation Management System Market, by Application

1. Consumer goods and retail
2. Parcel and package
3. Fire station
4. Hospital
5. Travel and tourism
6. Mining
7. Others

Transportation Management System Market, by Deployment Mode

1. Hosted
2. On-premises

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