Transportation Management System Market Worth 19.03 Billion USD by 2020

PUNE, India, September 22, 2015 /PRNewswire/ --

According to a new market research report, "Transportation Management System Market by Type (Traffic and Parking Management, Information Management, Inbound and Outbound Operations, and Route Management), by Transportation Modes (Roadway, Railway, Airway, and Seaway) , by Services - Global Forecast to 2020", published by MarketsandMarkets, The Transportation Management System Market is expected to grow from USD 9.22 Billion in 2015 to USD 19.03 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 15.6%.

Browse 83 Tables and 78 Figures spread through 177 Pages and in-depth TOC on "Transportation Management System Market"

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The market report defines and segments the Transportation Management Market into various sub-segments with an in-depth analysis and forecasting of revenues.

MarketsandMarkets: Digital transformation and demand for enhanced visibility and to control the overall supply chain will showcase new growth opportunities for the transportation industry, witnessing a CAGR of 15.6% from 2015 to 2020.

Transportation management solutions play a crucial role in handling transportation related activities, such as moving goods from the supplier to the place of production and then to the end user. There is a high demand for an efficient transportation management system to reduce the overall delivery time, owing to the increase in global trade activities. Enterprises look forward to a system that can handle all the inbound and outbound operations of supply chain management that involves transportation management, planning and decision making, transportation execution, transport follow-up, and measurement. Transportation done via roadways, railways, airways, and seaways or in a combination of one or more of these has to be well planned, executed, and delivered. Thus, it becomes a critical success factor in achieving the operational efficiency. There are many tier 1 players such as Descartes, Oracle Corporation, JDA Software, Inet-Logistics, Manhattan Associates, and SAP SE that provide unique transportation management system solutions.

The major growth factors that drive the implementation of transportation management systems include decreasing prices of RFID-based devices and sensors and the increased collaboration between hardware providers and content suppliers. North America is the leader in the adoption and implementation of transportation management systems followed by Europe. APAC and MEA are setting interactive technologies owing to the growing usage of cellular devices the internet. Transport authorities are investing a lot of money on installing these applications. The ongoing smart city projects across different countries in APAC reveal that the region is expected to show significant growth prospects in the Transportation Management Market thus, offering an excellent opportunity for the companies in this sector.

The global Transportation Management System Market report has been segmented on the basis of systems and solutions, services, deployment types, transportation modes, and regions. The market by system and solution has been classified further into traffic management, information management, parking management, inbound operation management, and intelligent operation management. By deployment type, the market is segmented into on-premises and hosted. The market has been divided into services such as business services; training, support, and maintenance; and managed services.

The Transportation Management System Market is expected to grow from USD 9.22 Billion in 2015 to USD 19.03 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 15.6%. The transportation modes covered in the report are roadways, railways, airways, and seaways. The regions covered in the report are North America, Europe, APAC, MEA, and Latin America.

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