Research Reports
Transport Management System Market Revenue Trends, Company Profiles, Revenue Share Analysis, 2017–2026
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.…
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Published : 3 years ago, on
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.
Key participants include
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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For this report, Reports and Data have segmented into the global Transport Management System market on the basis of resin type, composite phases, industry vertical, and region:
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; 2018-2028 and Revenue, USD Million; 2018-2028)
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
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The post Transport Management System Market Revenue Trends, Company Profiles, Revenue Share Analysis, 2017–2026 first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
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