Transportation Management Systems Market Driven by Consistent Rise in Intermodal Transportation

Transportation management systems (TMS) aren’t a novelty to the global industrial sector, as the consistent need for sophisticated logistics has always driven the demand for comprehensive and efficient transportation management systems. However, the global transportation management system market has undergone sea change through the last decade, as the steady incorporation of digital means into the transportation and logistics sector has resulted in the development of a modern, digitalized transportation management systems market. Due to the rapid adoption of digitalized means, the transportation management systems market is set to remain a key part of the supply chain management sector in the coming years.

According to Transparency Market Research (TMR), the global transportation management systems market is set to exhibit a robust CAGR of 13.6% between 2017 and 2025. The market, valued at US$9.6 bn in 2016, is likely to rise to a valuation of more than US$30 bn by the end of 2025.

Rising Intermodal Trade Likely to Anchor Transportation Management System Market’s Growth

The prime driver for the global transportation management system market is the rising need for intermodal travel in order to satisfy the demands of today’s globalized, capitalistic society. The transportation management system market has benefited from the rising domestic trade in several emerging countries. However, the increase in international trade, further complicated by the rise of piracy operations as well as geopolitical tension around several marine trade routes, is likely to provide significant impetus to the global transportation management systems market in the coming years.

The global transportation management systems market is marked by rising adoption of cloud computing. The key feature of modern transportation management systems is the availability of real-time updates as well as analysis of the historical movement of a system and the capability to learn from the previous iterations of the operation. Cloud architecture has thus become vital for the global transportation management systems market in recent years. The large amount of data that can be stored on cloud networks has become a key factor for the global transportation management system market, while the ability to easily retrieve even remote pieces of data is also one of the benefits presented by cloud computing to the global transportation management systems market.

Cloud architecture also allows providers of transportation management systems to customize their products to the highest degree in order to make it fulfill the customer’s needs. The variety of revenue channels into the transportation management market has made this a key asset for cloud computing, which is likely to remain a key part of the global transportation management system market in the coming years. Radiofrequency identification has also become important for the global transportation management system market in recent years due to its guarantee of accuracy.

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SaaS-based TMS Likely to Dominate Global Market

The global transportation management systems market is dominated by players such as CargoSmart Ltd., 3GTMS Inc., BluJay Solution, Descartes Systems Group Inc., One Network Enterprises, Precision Software Inc., Oracle Corporation, Manhattan Associates Inc., JDA Software Group Inc., and SAP SE. Leading players in the transportation management system market are likely to be major consumers for SaaS-based transportation management systems.

Leading transportation management system provider 3GTMS Inc. announced in May 2017 that YRC Freight, a leading transporter of commercial as well as industrial goods, has incorporated its TMS in its operations. The system aims to increase the visibility of the shipment throughout the supply chain, reducing freight costs and thus driving productivity, and improving shipment efficiency by enhancing the communication between various nodes of the services.


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