Global Transportation Management Solution Market Overview:
A transportation management is a logistics platform that uses a technology framework to assist businesses in planning, execution, and optimization of the physical movement of products, both incoming and outgoing, ensuring the shipment is consistent, legitimate documentation is accessible. Transportation management solutions are also known as transportation management software provides visibility to daily transportation tasks, trade compliance data and documentation, and guaranteeing the ideal conveyance of cargo and products. Additionally, it also smoothes out the delivery process and makes it simpler for organizations to manage and upgrade their transportation activities, regardless they are by air, land, or ocean. The benefits provided by TPS are that it simplifies the supply chain processes across geographies, automation of business operations, improvement in visibility, security in transit, and time & cost saving.
- The rise in demand for transportation management solutions across all small and large scale enterprises
- TMS solution minimizes the cost of RFID based devices and sensors
- Lack of awareness among enterprises with high deployment cost
- High cost of installation of solution system
- Development of logistic industry in emerging countries
- Execution of all transportation and logistics operations in a reliable and cost-effective manner beyond the supply chain
- High cost of maintenance of the transportation management solution for small enterprises
The leading companies in the market make new acquisitions to avail competitive benefits and empowering the customers to optimize their supply chain and transportation management. Also, supply chain companies adopt the new transportation management solution from the leading players in the market.
Some of the key players profiled in the report are Cargo Smart (Hong Kong), SAP (Germany), JDA Software (United States), Oracle (United States), Precision Software (United States), Descartes System (Canada), Manhattan Associates (United States), Lean Logistics (United States), 3GTMS (United States) and One Network Enterprise (United States). Additionally, following companies can also be profiled that are part of our coverage like BluJay (United States), Cloud Logistics (United States), Kuebix (United States) and MercuryGate (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Transportation Management Solution market by 2026.
Latest Market Insights:
On 23 April 2021, Panasonic accelerates the autonomous supply chain with the acquisition of Blue Yonder which will combine IoT/edge and AI/ML solutions to deliver new cloud capabilities and create a more sustainable world. This acquisition strengthens Panasonicís portfolio and accelerates the companiesí Autonomous Supply Chain mission, empowering customers to optimize their supply chains
On 19 May 2020, BridgeNet Solutions (BridgeNet) has selected 3Gtms, LLC, a global provider of Tier 1 transportation management software (TMS), to serve as the foundational platform to offer North American managed transportation services to its clients. This strategic initiative by BridgeNet drives additional value for customers and deepens service and supply chain integration while accelerating potential market growth.
What Can be Explored with the Transportation Management Solution Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Transportation Management Solution Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Transportation Management Solution
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Transportation Management Solution market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Transportation Management Solution market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Logistics and Supply Chain Industry, IT solution Companies, Private Research Institutions, Industry Associations and Government Research Organizations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Transportation Management Solution Market?
The Transportation Management Solution market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Transportation Management Solution Market?
Top performing companies in the Global Transportation Management Solution market are Cargo Smart (Hong Kong), SAP (Germany), JDA Software (United States), Oracle (United States), Precision Software (United States), Descartes System (Canada), Manhattan Associates (United States), Lean Logistics (United States), 3GTMS (United States) and One Network Enterprise (United States), to name a few.
3. What trending factors would impact Transportation Management Solution Market growth most?
"Heavy demand for adequate transportation management system
" is seen as one of major influencing trends for Transportation Management Solution Market during projected period 2020-2026.