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Global Transportation Management Systems (TMS) IndustryNew Study On “Global Transportation Management Systems (TMS) Market 2019 Trends, Research, Analysis & Review Forecast 2023” Added to Wise Guy Reports Database
A transportation management system is an integral part of supply chain management which concerns with transportation operations and can also be a part of an enterprise resource planning (ERP) system. A transportation management system (TMS) aids organizations with better customer service and improved warehouse efficiency.
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The global transportation management system market, as provided Reports, is estimated to witness sizeable growth over the forecast period. Such proliferation can be accredited to the increasing scope of application across several industry verticals. Such end-user industries include mining, travel, consumer goods, retail, hospital, healthcare, fire station, and travel and tourism.
Furthermore, growing urbanization and proliferation of digitization in organizations have encouraged the adoption of transportation management systems. Along with that, the digital transportation in the transportations industry is estimated to push market growth. Enhanced visibility, lucrative returns on investment and better control are some other factors contributing to the ascension observed in the transportation management systems market.
Market Segmentation
The transportation management system market is studied for a segmentation which has been conducted on the basis of product and application. On the basis of product, the TMS market is segmented into roads and railways. Based on application, the market for transportation management systems market is segmented into retail, commercial, manufacturing, and transportation, and logistics.
Detailed Regional Analysis
The transportation management system market is studied for several regions such as Asia Pacific, North America, South America, Europe, and the Middle East & Africa. North America held the largest share of the global transportation management system market. The region is also anticipated to retain its dominion through the forecast period. This is attributable to the technological advancements in the region and the early adoption of such latest technologies. Further, the presence of developed infrastructure is enabling easy integration of latest technologies, promoting the adoption of next-generation transportation management systems, driving the market.
Asia Pacific is expected to witness the fastest growth trajectory over the assessment period. The emergence of digitization in almost all industry verticals residing in the region has led to skyrocketing demand for transportation management systems market. Additionally, urbanization in the region is also contributing to regional market growth. Acceleration noted in several end-user industries such as consumer goods, automotive, healthcare, mining, and tourism & travel is bound to provide higher traction to the regional transportation management systems market.
Key Players
The recent report has profiled several market giants to provide an insight into the market landscape and business environment. The global transportation management market boasts a presence of several providers of state-of-the-art transportation management systems including JDA Software, Oracle Corporation, Manhattan Associates, Descartes, SAP SE, BluJay, TMW Systems, Omnitracs, ORTEC, HighJump, MercuryGate, One Network Enterprises, Precision Software, CargoSmart, and Next Generation Logistics
Industry Update
August 2019: Descartes Systems Group recently announced the successful acquisition of BestTransport. Descartes Systems Group is a market leader in the unification of logistics-incentive businesses in commerce. Best Transport is a providers of a cloud-based transportation management system (TMS) which is focused on flatbed-intensive manufacturers and distributors.
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