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Transportation Management System Market Worth 202.14 Billion USD by 2022

PUNE, India, June 19, 2017 /PRNewswire/ --

According to a new market research report "Transportation Management System Market by Transportation Mode (Railways and Roadways), Component (Solution Type, Hardware, and Services), Deployment Mode (Hosted and On-premises), Application, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the global Transportation Management System Market expected to grow from USD 78.20 Billion in 2017 to USD 202.14 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.9%.

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Browse 111 market data tables and 56 figures spread through 173 pages and in-depth TOC on "Transportation Management System Market "
Early buyers will receive 10% customization on this report

The real-time economy demands faster and timely execution of business processes in every industry, especially in the supply chain, logistics, and transportation industries. This is expected to drive the growth of the Transportation Management System Market. Speed, timing, efficiency, and optimization are the crucial factors in logistics and transportation, which are now achievable due to the adoption of digital technologies. With the adoption of digital technologies, transportation vendors and third-party providers have reduced the overall transportation costs and minimized delivery errors.

Support and maintenance services segment is expected to grow at the highest CAGR during the forecast period. 

The transportation management support and maintenance services segment is expected to have a promising future as the transportation management market is rapidly evolving and therefore, requirements for proper pre and post-sales services, such as design and implementation, maintenance, and overall training and system support will run high. Hence, service providers are focused on delivering dedicated services by understanding buyer demands and needs.

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Travel and tourism application segment is expected to have the largest market size by the end of the forecast period. 

Various travel agencies are installing web portals to provide easy access to their customers for planning their journeys. People are interested in exploring places. In addition to this, travel and tourism is one of the highest revenue generators for many countries. Therefore, the adoption of transportation management systems in the travel and tourism segment is expected to gain pace, resulting in future growth.

APAC is expected to grow at the highest CAGR during the forecast period. 

In the recent times, the APAC region is emerging as a center for economic and international trade developments. The progress in international trade is an important element that has supported infrastructure developments and solution deployments for logistics services. In many APAC countries, the transportation infrastructure is inadequate for effective goods and public transportation.

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The Transportation Management System Market report encompasses the competitive landscape, which presents the positioning of the 25 key transportation management system vendors based on their product offerings and business strategies. Some of these major vendors include SAP SE (Walldorf, Germany), Oracle Corporation (California, US), Manhattan Associates (Georgia, US), Descartes (Waterloo, Ontario), JDA Software, Inc. (Arizona, US), CTSI-Global (Tennessee, US), Inet-Logistics GMBH (Dornbrin, Austria), BluJay Solutions (Greater Manchester, UK), MercuryGate International, Inc. (North Carolina, US), Efkon AG (Raaba/Graz, Austria), Metro Infrasys Private Limited (New Delhi, India), and TMW Systems, Inc. (Ohio, US).

Browse Related Reports: 

Fleet Management Market by Deployment Type, Solution (Operation, Asset, Driver Management, Vehicle Maintenance & Leasing, and Driver Information System,) Connectivity Technology, Industry, Service, and Region - Global Forecast to 2021

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About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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