FELTON, Calif., March 10, 2021 /PRNewswire/ -- The global transportation management systems market size is projected to touch USD 198.82 billion by the year 2025, according to a new report by Million Insights. It is anticipated to grow at a CAGR of 16.2% through the forecast period of 2019-2025.

What will be the future of the transportation management systems?

The evolving e-commerce and retail sector and the rising demand for technology and automation in logistics and supply chain are propelling the adaption of transportation management system (TMS). Advancing digital technologies which have resulted in implementing cloud transportation management systems, predictive analysis, blockchain technology, Artificial Intelligence (AI) solutions and Internet of Things (IoT) facilitating the growth of the market. Additionally, the high rate of return on investment on implementing TMS module is captivating the attention of huge number of players that would want to penetrate the market, which would further drive the market growth.

Supply chain and logistics companies are making huge investments in deploying advanced technologies in their TMS to make the best of use of the large volume of data produced on a daily basis. Logistics companies extensively use AI to enhance their real-time decision-making abilities to cut costs, make the optimum utilization of inventories and track the availability of shipments and cargos. The logistics industry is streamlined mostly by big data-driven applications on a global level.

The demand for scalability, flexibility, and visibility all over the supply chain is a key factor in driving the transportation system market. With the growing e-commerce market across the globe, the online retail market is evolving at an accelerated speed and the customers are eyeing on highly personalized experiences that further drives the growth of the market. As the transportation and logistics sectors continue growing, the demand for smarter, efficient, and faster shipping services is very important and would contribute significantly to the transportation management system market growth.

Please click here to get the sample pdf and find more details on "Transportation Management Systems (TMS) Market" Report 2025.

The competition in the market is fierce amongst several module developers owing to the presence of advanced technologies like blockchain and AI. These technologies considerably contribute to improving the TMS. Companies are making hefty investments in R&D to improve the process of making payments, order fulfillment and freight location monitoring. Automation in logistics would prove crucial for companies trying to embrace blockchain and AI to maintain an edge over its competitors in the market.

Key Questions Answered in the Report:

What is the driving factors of the market?

Growing e-commerce industry and rapid digitalization in developing countries are anticipated to drive the TMS market in the forecast period. Increasing investments in the railway infrastructure sector are anticipated to propel the growth of the transportation management systems market in the upcoming years.

What is the growth rate of the market?

The cloud TMS is anticipated to grow at the fastest CAGR of 17.2% in the forecast period.

Which regions are anticipated to dominate the market?

North America dominated the market in 2018. The rising export and import activities between Canada & U.S., Mexico and U.S. and other countries with U.S. are projected to drive the growth of the market.

Which are the key players in the market?

Major companies operating in the market are Oracle Corporation; The Descartes Systems Group, Inc.; JDA Software Inc. and SAP SE. They majorly account for the maximum revenue generated in 2018.

Browse 150 page research report with TOC on "Global Transportation Management Systems Market" at: https://www.millioninsights.com/industry-reports/global-transportation-management-system-market

Million Insights has segmented the global transportation management system market on the basis of deployment mode, mode of transportation, end user, and region:

• Transportation Management Systems Deployment Mode Outlook (Revenue, USD Billion, 2015 - 2025)
• On-Premise
• Cloud
• Transportation Management Systems Mode of Transportation Outlook (Revenue, USD Billion, 2015 - 2025)
• Roadways
• Railways
• Waterways
• Airways
• Transportation Management Systems End User Outlook (Revenue, USD Billion, 2015 - 2025)
• Retail & E-commerce
• Manufacturing
• Logistics
• Government Organizations
• Others
• Transportation Management Systems Regional Outlook (Revenue, USD Billion, 2015 - 2025)
• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• India
• Japan
• South America
• Brazil
• Middle East & Africa

Read the Latest Press Releases by Million Insights:

• Plant Biotechnology Equipment Market - The global plant biotechnology equipment market size is anticipated to value USD 18.35 billion until 2025. It is also expected to register a CAGR of 12.8% over the forecasted years, 2018 to 2025. The surging demand for various transgenic crops to attain enhanced productivity, yield and output is projected to trigger market growth.
• U.S. Wound Care Centers Market - The United States wound care centers market size is projected to account for USD 17.0 billion by the end of 2027, growing at 3.7% CAGR over the forecast duration. Rise in awareness about the application of Hyperbaric Oxygen Therapy (HBOT) in the treatment of chronic wounds coupled with increasing geriatrics population is driving the market growth.
• LED Modular Display Market - The global LED modular display market size is estimated to account for US 12.59 billion in 2027. The market is estimated to register over 13.0% CAGR from 2020 to 2027. Growing demand for displaying multiple information and rise in the number of outdoor events are attributing to market growth.
• Smart Electricity Meters Market - The global smart electricity meters market size is projected to account for USD 18.9 billion by 2027. It is likely that the market would register 7.8% CAGR over the forecast duration. The demand for energy security is gaining traction in the energy sector. With the advent of renewable energy sources, this demand has been addressed to some extent.

About Million Insights:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact:

Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: +1-408-610-2300
Toll Free: 1-866-831-4085
Email: sales@millioninsights.com 
Web: https://www.millioninsights.com/ 
Follow Us: LinkedIn | Twitter