According
to a new market report published by Credence Research,
Inc., “Transportation Management Systems (Food and Beverage, Retail,
Electronics/High-tech, Automotive, Manufacturing, Transportation and Logistics,
and Others (Pharmaceuticals, Chemicals, etc.))Market – Growth, Share,
Opportunities, Competitive Analysis, and Forecast 2015 – 2022” the transportation management
systems market is
poised to witness a double digit compound annual growth rate during the
forecast period.
Market
Insights
A
transportation management system (TMS) is one of the critical components of
supply chain management used to manage and control freight movement. With the
advancements in technology, transportation management systems have been
instrumental in helping companies control ever-higher freight costs;
integration with several other supply chain technologies including Global Trade
Management Systems and Warehouse Management Systems; and allow electronic
communications with carriers, trade partners, and customers. With the expansion
in breadth of offerings integration capabilities, transportation management
systems have become a preferred choice for firms of all sizes and across varied
industries.
Browse
the full Transportation Management Systems Market @ http://www.credenceresearch.com/report/transportation-management-systems-tms-market
Competitive Insights
The market for transportation management systems is moderately
competitive across varied end-use verticals. The transportation management
solution providers are required to understand distinct differences and
requirements of different modes of transportation and industry verticals. SAP
SE (Germany) is identified as the market leader in the global transportation
management systems market for the base year of 2014. Some other promising
players identified in the global transportation management systems market
include 3GTMS, Inc. (the U.S.), Oracle Corporation (the U.S.), JDA Software
Group, Inc. (the U.S.), Manhattan Associates Inc. (the U.S.), CargoSmart Ltd.
(Hong Kong), One Network Enterprises (the U.S.), Lean Logistics, Inc. (the
U.S.), Descartes Systems Group, Inc. (the U.S.), and MercuryGate International,
Inc. (the U.S.) among others. The global transportation management
systems market also includes number of niche players, which account for trivial
market share individually.
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The market for transportation management systems worldwide is
driven by technology development and technology innovation. Thus the
competitive rivalry among current market players, which is currently moderately
high, is expected to elevate in the coming years.
Key Trends
·
Growing demand for Software-as-a-Service-based transportation
management solutions
·
Growing preference for omni-channel distribution
·
Proliferation of e-commerce and growing demand for supply chain
analytics
·
Transportation Management Systems with improved functionalities
and capabilities to replace aging conventional systems.
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