According to a new market researchreport ”Transportation Management SystemMarket by Transportation Mode (Railways and Roadways), Component (SolutionType, Hardware, and Services), Deployment Mode (Hosted and On-premises),Application, and Region - Global Forecast to 2022", published byMarketsandMarkets™, The global transportation management system market isexpected 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%.
The growth of the globaltransportation management system market is driven by various factors, such asthe revolution of industries due to digitization, rapid urbanization, andrising congestion in the metro cities. The growing population and congestion inurban areas are in turn increasing the demands for transportation managementsystems.
Browse 111market data Tables and 56 Figures spread through 161 Pages and in-depth TOC on"Transportation Management System Market by Transportation Mode (Railways and Roadways), Component (SolutionType, Hardware, and Services), Deployment Mode (Hosted and On-Premises),Application, and Region – Global Forecast to 2022"
Major Key Companies
Majorvendors offering transportation management solutions and services include SAPSE (Germany), Oracle (US), Manhattan Associates (US), Descartes (Canada), JDASoftware (US), CTSI-Global (US), Inet-Logistics GMBH (Austria), BluJaySolutions (UK), MercuryGate International (US), and Efkon AG (Austria).
The regional markets in North Americaand Europe are expected to be the main revenue contributors in thetransportation management system market as these regional markets are the firstto experience the benefits offered by transportation management systems. Theseregions also host the major market players and are open to technology-relatedinnovations. The emerging economies in the Asia Pacific (APAC) and Middle Eastand Africa (MEA) regions offer several untapped and unexplored opportunitiesfor transportation management vendors. Among the regions, APAC is expected towitness the fastest growth rate in the transportation management system marketduring the forecast period due to increasing digitalization of the industriessituated in the region.
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On the basis of applications, thetransportation management system market is broadly classified into consumergoods and retail, parcel and package, fire station, hospital, travel andtourism, mining, and others. The others segment includes food and beverage, andelectronics and electricals. The fire station application segment is expectedto grow at highest CAGR during the forecast period. This growth is mainlyattributed to the increasing deployment of transportation management systems infire stations to improve the response time in emergency situations. The varioussolutions that are integrated into transportation management systems includenotification and paging, video and alarm management systems, fire stationalerting systems, and record management systems.
Among the components, the servicessegment is expected to grow at the highest CAGR during the forecast period.Under services, the support and maintenance services segment offers theessential tools needed for the timely maintenance, monitoring, and applicationupdates of transportation management systems. The support and maintenanceservices segment is expected to have a promising future as the transportationmanagement market is evolving rapidly and needs organized pre and post-salesservices, such as design and implementation, maintenance, and overall trainingand system support. Hence, service providers are focused on understanding buyerdemands and needs to deliver dedicated services.
On the basis of deployment modes, thetransportation management system market is segmented into hosted andon-premises deployments. Out of the 2, the hosted deployment mode is expectedto grow at the highest CAGR during the forecast period. Organizations adopton-premises solutions to have full control over enterprise infrastructure andassets and to ensure robust security. The large costs associated withon-premises implementations along with the expenses involved in IT expansionmay hinder the adoption of on-premises solutions in Small and Medium-SizedEnterprises (SMEs).
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Key TargetAudience for Transportation Management System Market
· Government agencies
· Transportation management system solutions/services vendors
· Application developers
· Information Technology (IT) managers
· System integrators
· Managed networking solution providers
· Application end-users
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