DUBLIN, Dec 23, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Transport Management System Market 2017-2021" report to their offering.
The report forecasts the global transport management system market to grow at a CAGR of 6.87% during the period 2017-2021.
The Global Transport Management System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is integration of TMS with IoT and cognitive computing. Organizations, OEMs, and stakeholders in the transport sector use advanced computing solutions such as telematics, smart sensors, cognitive computing, and artificial intelligence to build IoT-based IT infrastructure. Automotive OEMs use IoT solutions integrated with big data technology to enhance the design of vehicles for superior user experiences. In addition, TMS vendors are partnering with RFID providers to develop integrated solutions as they have made R&D investments without much return. RFID systems increase efficiency by reducing manual inputs and broadcasting signal information about the location and specifications of the product in transit.
According to the report, one driver in the market is high ROI and improved process efficiency by implementing TMS solutions. Transportation management systems are mentioned by companies as delivering higher ROI than other supply chain technologies such as order and labor management. Cloud and SaaS deployments of a TMSs have the potential to deliver faster ROI due to low upfront costs and ease of integration. Some quantifiable measurements of value include lower freight costs, faster order-to-delivery cycle times, reduced compliance fines, lower inventory management costs, the ability to select better carrier rates, and less time spent on maintaining customs paperwork. Other benefits include greater agility, increased visibility, and lower risks.
Further, the report states that one challenge in the market is high cost associated with deployment of TMS solutions.
- JDA Software
- Manhattan Associates
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by solutions and services
Part 07: Market segmentation by end-user
Part 08: Geographical segmentation
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Five forces analysis
Part 15: Vendor landscape
Part 16: Key vendor analysis
Part 17: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/7jk5dp/global_transport
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets