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Global Transportation Management Systems Market to be Hampered by High Cost of Deployment

Transportation Management Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022. Global Transportation Management Systems Market to Rise at 12.2% CAGR Due to Increasing Intermodal Transportation
Published 05 November 2015
Transportation management system (TMS) is a vital component of supply chain management used to manage and plan freight movements. It also comprises the management of logistics and transportation activities. TMS solutions are adopted by end users as they help plan the transportation of goods effectively in terms of cost and reliability.In 2013, the global transportation management systems market stood at US$6.85 billion and is estimated to touch US$19.20 billion by the end of 2022. The global TMS market is projected to grow significantly at a 12.2% CAGR between 2014 and 2022.

Adoption of Cloud Computing Technology to Fuel the Global TMS Market

The rapidly increasing adoption of transportation management systems based on software-as-a-service (SaaS), rising intermodal transportation, and replacement of aging and conventional TMS solutions are some of the factors that are expected to boost the demand for TMS solutions in the near future. Moreover, cloud computing technology and the use of radio frequency identification technology in TMS solutions are the biggest opportunities for the major players in this market in the near future. Increased use of cloud computing will lead to an easy and fast installation process and benefit end users due to its low startup costs. 
On the flip side, the high cost of deployment and the lack of awareness about TMS solutions among end users is expected to hamper the growth of the TMS market in the next few years.
The global transportation management systems market has been segmented on the basis of application into food & beverage, retail, transportation and logistics, industrial (machinery manufacturing), electrical and electronics, and others (such as engineering, construction, and pharmaceutical). Among all these applications, the transportation and logistics segment is anticipated to lead the global TMS market between 2014 and 2022.
On the basis of software deployment, the global TMS market has been divided into on-demand TMS and on-premise TMS solutions. In 2013, on-premise solutions led the global TMS market, accounting for 67.4% of the market in terms of revenue. Even though the on-premise solutions segment is expected to continue with its dominance, the segment of on-demand solutions is anticipated to grow rapidly in the near future.

Asia Pacific to Lead Global TMS Market Due to Rise in Intermodal Transport

The global transportation management systems market has been geographically segmented into Europe, North America, Asia Pacific, and Rest of the World. The Rest of the World segment comprises Middle East, Latin America, and Africa.
Among these regional categories, North America dominated the global transportation management systems market in 2013, holding around 1/3rd of the global market in terms of revenue. On the other hand, Asia Pacific is anticipated to witness substantial growth in the near future, thanks to the beneficial trade environment and rise in intermodal transport in this region. In Asia Pacific, economies such as India, Japan, and China are anticipated to offer profitable growth potential, mainly due to the rise in the logistics network, which is backed by the favorable trading environment in this region. As a result, a rise in the logistics network and the increasing need to ensure efficient operations and supply chain management is expected to boost the adoption of TMS solutions in Asia Pacific. 
Most key players in the global TMS market are taking efforts to expand their business horizon in order to enable its end users to use their supply chain operations in a more effective way. Some of the prominent players in the global TMS market are JDA Software Group, Precision Software Inc., Manhattan Associates, CargoSmart Ltd., One Network Enterprises, SAP SE, Oracle Corporation, LeanLogistics Inc., 3GTMS Inc, and Descartes System Group.
Browse Full Global Transportation Management Systems Market Report With Complete TOC @

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