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Transportation Management Systems Market Size, Share & Trends Analysis Report By Deployment, Mode of Transportation, End-use, Region, And Growth Forecasts, 2030

The global transportation management systems market size is expected to reach USD 31.18 billion by 2030, registering a CAGR of 14.6% over the forecast period, according to a new report by Grand View Research, Inc. The market growth is attributed to the strong emphasis on automating the supply chain and logistics processes and the continuous development of e-commerce and retail industries. The growing need to increase visibility in the supply chain process by utilizing automated products and the increasing significance of data-driven technologies in the logistics industry are also likely to contribute to market growth.

Transportation Management Systems Market Report Highlights

·         The cloud segment is anticipated to register a significant CAGR over the forecast period owing to the continued digitalization, increasing adoption of subscription-based models at affordable prices, and rapid growth of the e-commerce industry in emerging economies

·         The airways segment is expected to register a considerable CAGR over the forecast period due to the growing demand for quick delivery of products from incumbents in the retail, e-commerce, healthcare, and logistics industries

·         The government organizations segment is anticipated to register a moderate CAGR over the forecast period due to the rising demand for traffic management solutions, including automatic number plate recognition, signaling, and parking management

·         North America accounted for the largest revenue share in 2021 owing to the increasing import and export activities across the U.S. and Canada, in turn driving the need for real-time tracking of products

Gain deeper insights on the market and receive your free copy with TOC now @: Transportation Management Systems Market Report

The logistics industry has evolved significantly, corresponding to the inclusion of advanced technological solutions. The growing use of connected devices, data-driven software, and cloud-based platforms for various applications has encouraged companies to adopt advanced software such as Transportation Management Systems (TMS).  TMS facilitates increased visibility, tracking of shipments in real-time, and timely delivery of services for satisfactory customer experiences. These factors are expected to drive the growth of the market.

The demand for Software-as-a-Service (SaaS)-based TMS is growing due to the cost-effectiveness and flexibility associated with the SaaS delivery model. Cloud-based services account for a significant share of the global TMS market. This large share is mainly ascribed to the increased adoption of cloud and subscription-based models by small & mid-sized companies in the industry. Furthermore, with the increasing demand for customized solutions, vendors are competing to offer advanced, on-demand software.

As part of the digital transformation trend, businesses are adopting various digital technologies for improving operational efficiencies and consumer experiences. TMS holds the potential to enhance productivity and decrease the cost of business operations. The higher ROI offered by TMS acts as a primary driver for market growth.

For Any Questions or Inquire please visit @: https://www.grandviewresearch.com/industry-analysis/transportation-management-systems-market/request/rs5

Transportation Management Systems Market Segmentation

Grand View Research has segmented the global transportation management systems market based on deployment, mode of transportation, end use, and region:

·         Transportation Management Systems Deployment Outlook (Revenue, USD Million, 2017 - 2030)

·         Transportation Management Systems Mode of Transportation Outlook (Revenue, USD Million, 2017 - 2030)

·         Transportation Management Systems End-use Outlook (Revenue, USD Million, 2017 - 2030)

·         Transportation Management Systems Regional Outlook (Revenue, USD Million, 2017 - 2030)

·         List of Key Players in the Transportation Management Systems Market

Research Methodology

We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.

For Customized reports or Special Pricing please visit @: https://www.grandviewresearch.com/special-pricing/6025/rfsp2

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

 

Contact:

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll-Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com



on November 25 at 10:34

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