In the world economic growth, the Transportation Management Solution industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Transportation Management Solution market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Transportation Management Solution market size will be further expanded, we expect that by 2024, The market size of the Transportation Management Solution will reach XXX million $.
Overview
Transportation management solution (TMS) is a software solution and a vital component in supply chain management. Generally, it is used to plan and manage the movement of conveyance. Transpiration management solution facilitates organizations to commence all logistics and transportation operations in a cost-efficient and reliable manner beyond the supply chain. The global transportation management solution market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global transportation management solution market is expected to witness significant growth during the forecast period, owing to rising demand for digitization.
Market Driver
High growth of transportation and supply chain management industry is expected to drive growth of the global transportation management solution market during the forecast period. Transportation industry has witnessed massive growth in the recent past in both developed and emerging economies. According to America Trucking Associations, the U.S. trucks transported around 10.8 billion tons of freight in 2017, with trucks transporting over 70% of goods around the country. Transportation management solution enhances overall efficiency of transportation at low cost, which in turn, is increasing the demand for TMS. Thus, these factors are expected to drive growth of the global transportation management solution market during the forecast period. Furthermore, rising demand for digitization is expected to boost the global transportation management solution market growth over the forecast period.
Market Restraint
High cost associated with infrastructural development is expected to hinder the global transportation management solution market growth over the forecast period.
Regional Insights
Among regions, North America is expected to witness robust growth in the global transportation management solution market during the forecast period. This is owing to growing demand for software-as-a-service solutions across the region. Moreover, Asia Pacific is expected to register a lucrative growth rate over the forecast period, owing to rising deployment of TMS services in the region.
Competitive Section
Key players operating in the global transportation management solutions market are Descartes System, Precision Software, JDA Software, Lean Logistics, Manhattan Associates, Cargo Smart, Oracle, 3GTMS, and SAP.
Major companies in the market are focused on mergers and acquisitions, in order to gain a competitive edge in the market. For instance, in August 2019, Descartes System, a software solution provider, acquired BestTransport for US$ 11.2 million.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
Descartes System
JDA Software
Manhattan Associates
Oracle
SAP
3GTMS
Cargo Smart
Lean Logistics
Precision Software
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Key Components
Commercial Software
Industry Segmentation
Transportation and Logistics
Industrial
Retail
Food and Beverages
Electrical and Electronics
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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