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TMS or Transportation Management System is a software which enables the organization to create a bridge between the distribution center to company’s logistic department. As the need of stable distribution network is arising, and companies are trying hard to make their distribution channel more efficiency, TMS comes in picture. It allows the distribution department to monitor the fleet very efficiently.
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On the other hand, Asia-Pacific is expected to witness the fastest growth at a CAGR of 8.4% in the transportation management system market during the forecast period. huge investments by the domestic e-commerce sector, growth in parcel shipment market, adoption of IoT-based fleet management solutions, collaboration among the telecom giants in the industry to develop strong supply chain management solutions, and growth of smart logistics is driving the market in the region. The Asia-Pacific region has been segmented into five regions–China, Japan, India, and the rest of Asia-Pacific. China is dominating the market in the Asia-Pacific region owing to rapid digitalization transformation in the logistics sector and domestic retail sector investing in the development of smart logistics network across the country is also driving the demand for efficient transportation management systems. India is expected to grow with the fastest CAGR of 8.9% owing to the growth of e-commerce companies such as Flipkart, Myntra, and Amazon.com in the country.
Europe is witnessing a steady growth in the global transportation management system market. For the purpose of analysis, Europe has been segmented into five countries—the UK, Germany, France, and the rest of Europe. increase in adoption of click and collect strategies by the retailers to improve the customer experience is driving the market growth in Europe. The UK, Germany, and France are the major revenue contributors to the market in the region.
Segmentation by Deployment: On Premises and On Cloud.
Segmentation by Services: Maintenance and Repairs, Professional Services.
Segmentation by Application: Logistics & Transport, Manufacturing, Commercial, Retail among others.
Segmentation of Global Transportation Management Systems Market Size
The report for Global Transportation Management Systems Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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