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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
"Hosted deployment mode is expected to witness a higher growth than the on-premises deployment mode."
The global transportation management system market is 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%. The deployment of hosted transportation management systems is expected to rise as hosted deployment is less expensive in terms of implementation and infrastructure costs, as compared to on-premises deployment. Low maintenance requirements and cost effectiveness are some of the other benefits driving the growth of the hosted deployments segment.
"Solution type segment is expected to have the largest market share during the forecast period."
The solution type segment in the transportation management system market includes traffic management, operations management, and others. The solution type segment plays a crucial role in handling all the transportation-related activities that are involved in the moving of goods from the suppliers to the place of production and then finally to the end-users. Transportation management system solutions are required for the timely delivery of raw materials and finished goods to the marketplace, and for improving the operational efficiency.
"Parking management segment is expected to have the largest market size during the forecast period."
Increasing number of vehicles create parking problems. Transportation authorities are implementing smart and efficient parking systems to overcome this issue. Smart parking systems integrate smart solutions and automate open and closed parking facilities. The central management system monitors the status of all linked equipment, counts the difference, helps with financial settlement reports, and manages the customer-handling portal. Parking management solutions enable operators to offer better services to their users, provide full control over parking facilities, and reduce operating costs and payment conflicts.
"Asia Pacific (APAC) is expected to witness the highest growth during the forecast period."
Among the 5 regions, APAC is expected to be the fastest-growing region in the transportation management system market during the forecast period due to the increasing digitalization of industries in this region. Maintaining and managing distribution networks and overall supply linkages are essential for organizations. Therefore, organizations are implementing transportation management solutions that offer control and visibility over the entire transportation process. Hence, the APAC region is positioning itself as an attractive market for transportation management solution vendors.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the transportation management system market.
Full Report Details at
- www.fastmr.com/prod/1293361_transportation_management.aspx?afid= ..
* By Company Type: Tier I: 22%, Tier II: 30%, Tier III: 48%
* By Designation: C-Level: 30%, Director Level: 45%, Others: 25%
* By Region: North America: 48%, Europe: 30%, APAC: 22%
The report includes the study of the key players offering transportation management system solutions, hardware, and services. 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) are some of the companies profiled in the report. The report includes an in-depth competitive analysis of these key transportation management system market players, along with their company profiles, product offerings, recent developments, and market strategies.
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