The transportation management system (TMS) market in North America to grow at a CAGR of 8.35% during the period 2018-2022.
Transportation Management System (TMS) Market in North America 2018-2022, 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 increasing use of vehicular communication systems. A vehicular communication system is a network that uses roadside units and vehicles as communicating nodes to offer information on traffic and safety. It is effective in overcoming traffic congestion and avoiding accidents.
According to the report, one driver in the market is increase in number of smart connected devices. The number of smart connected devices is increasing worldwide, and the total number of installed smart devices is expected to reach around 21 billion by 2020.
Further, the report states that one challenge in the market is sluggish connectivity of devices. Connected devices consume more power and bandwidth on internet networks, especially in the transportation and telecom sectors. However, providing seamless connectivity to transportation devices remains a challenge in North America.