Transportation Management Systems Market- Global Industry Analysis, Size, Growth and Forecast 2014 - 2022

Transparency Market Research foresees bright prospects in the global transportation management systems market on account of growing competition in the market. Noticeable players are carrying out extensive research and development activities and investing heavily in it. They are also using new strategies to develop new products by using advanced technologies that will widen the scope in the transportation sector. Companies are also engaged in mergers and acquisition, partnership, collaboration, and expansion to gain larger share in the market. In this report, researches have analyzed few leading players such as SAP SE, Oracle Corp, Manhattan Associates Inc., Lean Logistics Inc., JDA Software Group Inc., 3GTMS Inc., and CargoSmart Ltd.

As per the report, the global transportation management systems market is anticipated to reach US$19.2 bn by the end of forecast period. The market is likely to progress at 12.2% CAGR between 2014 and 2022. In terms of software deployment, the demand for on-premises solutions is high in the global transportation management systems. Growing popularity of SaaS-based transportation management system is the key factor driving demand in this segment.

Want to know the obstructions to your company’s growth in future? Request a Brochure

Geographically, North America is expected to hold larger share in the global transportation management systems market due to increasing use of cloud-based technologies. Increasing use of RFID technology is also expected to drive demand in North America transportation management systems market. Moreover, presence of leading players in the regions adopting freight management systems would also increase the dominance of North America in this market. On the other hand, Asia Pacific is also expected to contribute in the growth of this market. Significant rise in cost-effective operations is a key reason fueling growth in the Asia Pacific transportation management systems market.