Transportation Management Systems (Tms) Market Scope
Transportation Management system (TMS) is a software and solution or a subset of supply chain management that help companies to carry out operation more efficiently, reliably and cost effectively of the physical movements of goods. Most of the organisations use TMS software in order to manage and monitor their business. The augmented use of cloud computing technologies for managing supply chain activities is one of the significant and major trends that have been prevailing in the growth of the transportation management systems market globally. According to AMA, the Global Transportation Management Systems (Tms) market is expected to see growth rate of 10.8%
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Transportation Management Systems (Tms) market throughout the predicted period.
Trimble Transportation Enterprise Solutions, Inc. (United States), SAP SE (Germany), Oracle Corporation (United States), Metro Infrasys Private Limited (India), Mercurygate International Inc. (United States), Manhattan Associates (United States), JDA Software Group Inc. (United States), Inet-Logistics GmbH (Austria), Efkon AG (Austria), Descartes (United States), CTSI-Global (United States) and IBM Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Cirrus TMS (United States), Blujay Solutions (United Kingdom), Kratzer Automation AG (Germany) and GTNexus (United States).
The study have segmented the market of Global Transportation Management Systems (Tms) market by Type (Single Sourcing, Multiple Sourcing and Hybrid Sourcing), by Application (Passenger Transportation and Goods Transportation) and Region with country level break-up.
On the basis of geography, the market of Transportation Management Systems (Tms) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
The Growth in Deployment of Internet of Things (IoT) and Big Data Technology to Get Real-Time Information of Logistics and Surging Blockchain in Freight Management
Market Growth Drivers:
Continuously Increasing Global Trade and the Need to Control the Time-In-Transit and Increased Transportation Information and Supply Chain Visibility
Lack of Awareness Regarding Transport Management System Among Numerous End-Use Industries in Developing Economies
Insufficient IT Investment for Transportation Infrastructure in Developing Economies and High Data Security Concerns
Growing Adoption of Cloud Technology and Increasing Demand for Software as a Service (SaaS)
In May 2019, MercuryGate International Inc., a leader in Transportation Management System (TMS) solutions, announced a partnership and technology integration with Convey Inc., the leading provider of Delivery Experience Management (DEM) software. The partnership integrates Convey’s Delivery Experience Management technology into MercuryGate’s TMS solutions to allow shippers to launch DEM programs that provide complete visibility through the last mile of delivery.
California Consumer Privacy Act (CCPA) is passing a law for protection of data in United States which will be effective by January, 2020. It is expected to be country’s highest commendable security and privacy law. Also, SEC is taking risk prohibiting steps to overcome breaches in financial sectors specific to public listed companies to increase risk assurance
Key Target Audience
Transportation Management System Providers, Service Providers, System Integrator, End Users and Others
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.