Transparency Market Research (TMR) has
recently published a market study on the global
transportation management systems market. The research report,
titled “Transportation Management Systems Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022”,
pegs the value of the global market at US$6.8 bn in 2013. Over the
period from 2014 to 2022, analysts expect this marker to develop at a
CAGR of 12.20% and reach an estimated value of US$19.2 bn by the end
of the forecast period.
According to the report, the rise in
intermodal transportation is fuelling the demand for TMS solutions.
The old TMS installations are in dire need of replacements, which is
another significant factor driving the demand for transportation
management systems. Apart from this, the increasing popularity of
SaaS-based TMSs is also expected to stimulate the global
transportation management systems market during the forecast period.
The lack of awareness regarding TMS among
end-use industries, coupled with high cost associated with
installation of TMS, is hampering the smooth development of the
worldwide transportation management systems, states the research
report. However, the market study also states that the rising uptake
of cloud computing and the integration of RFID in transportation
management is likely to create opportunities for the players
operating in this market.
The report states that the on-premises
system solutions dominated the global transportation management
systems market in 2013 with majority shares. During the forecast
period, the on-premise systems market is likely to witness a moderate
growth rate, whereas the on-demand systems market is anticipated to
exhibit tremendous development.
Analysts also predict that the on-demand
systems market may outpace the on-premises systems market by the end
of the forecast period.Transportation and logistics market emerged as
the biggest end user of TMSs in 2013, accounting for more than 50% of
the overall revenue generated in the global transportation management
systems market. The market segment is expected to retain its leading
position over the forecast period, notes the market study.
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The global transportation management
market is also segmented on the basis of geography in the research
report. North America dominated the worldwide transportation
management systems market in 2013, holding a majority share in terms
of revenue. The rise in the demand for SaaS-based TMSs is considered
as the main factor driving the growth in North America transportation
management systems market. The regional market is likely to maintain
its dominance during the forecast period.
The market report also profiles the major
players operating in the global transportation management systems
market in order to present the competitive landscape. SAP SE,
Descartes Systems Group Inc., Manhattan Associates Inc., One Network
Enterprises, Oracle Corp, 3GTMS Inc., Lean Logistics Inc., JDA
Software Group Inc., CargoSmart Ltd., and Precision Software Inc. are
the key transportation management systems providers mentioned in this
research report.
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