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Transport Management System Market Hit USD 285.47 Bn by 2028, Implementation of IoT & rising need for digitalization

Reports And Data

Reports And Data

Transport Management System Market Size – USD 122.02 Billion 2020, Market Growth - CAGR of 11.24%, Market Trends –IoT along with transportation.

NEW YORK, NY, UNITED STATES, August 8, 2022 /EINPresswire.com/ -- The growth of the market for   TMS is driven by the increasing demand of digitalization in transportation

The Transport Management System Market is forecast to grow from USD 82.40 billion in 2020 to USD 285.47 Billion by 2028, at a CAGR of 11.24%, during the forecast period.

The Transport Management System Market is forecast to show significant growth due to the increase in implementation of IoT and rising need for digitalization in transport systems.

TMS (TMS) is system which provide solution to help companies to perform operation more reliably, efficiently and cost effectively. It is a part of both supply chain management and resource management. In order to monitor and manage the business, Most of the enterprises use TMS software.

The major key players in the market are BluJay Solutions (Greater Manchester, UK), Oracle Corporation (California, US), CTSI-Global (Tennessee, US), Metro Infrasys Private Limited (New Delhi, India), JDA Software, Inc. (Arizona, US), MercuryGate International, Inc. (North Carolina, US), Inet-Logistics GMBH (Dornbrin, Austria), TMW Systems, Inc. (Ohio, US), SAP SE (Walldorf, Germany) and Descartes (Waterloo, Ontario)

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 Further key findings from the report suggest

• The Transport Management System Market is forecast to grow from USD 82.40 billion in 2020 to USD 285.47 Billion by 2028, at a CAGR of 11.24 %, during the forecast period.
• The Transport Management System Market is forecast to show significant growth due to the increase in implementation of IoT and rising need for digitalization in transport systems.
• Based on Management, the market can be divided as Traffic management and Operations management. The traffic management segment is estimated to grow at the highest CAGR of 11.64% during the forecast period. The various methods of traffic management segment reduce the network monitoring costs while improving the control and flexibility.
• As Transportation means, the divisions are Roadways and Railways. The roadways segment is estimated to grow higher than the railways segment. Roadways are mostly suitable for moving small quantities of goods to widely spread markets. Roadways are most preferred modes of transportation, especially when traveling short distances. The major concern in this mode of transportation is the delay due to traffic. As major financial loss to transportation companies is because of the congestion due to the increasing number of vehicles.
• Based on Deployment mode, it is divided as Hosted and on premise. The hosted deployment mode is estimated to dominate the market than the on-premises deployment mode as, hosted deployments are affordable in terms of installation and infrastructure costs compared to on-premises deployments. Less maintenance need and cost effectiveness are the other benefits enhance the growth of the hosted deployments segment.
• The Transport Management System Marketis segmented across five regions, namely, North America, Asia-Pacific (APAC), Europe, the Middle East and Africa (MEA), and Latin America. APAC is forecast to dominate themarket because of the increasing need for digitalization.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/transport-management-system-market

For the purpose of this report, the market has been segmented on the basis ofmanagement, Transportation means, deployment andregion:

Management Outlook (Revenue, USD Million; 2020-2028)

Traffic management
Operations management

Transportation means(Revenue, USD Million; 2020-2028)

Railways
Roadways

Deployment modeOutlook (Revenue, USD Million; 2020-2028)

Hosted
On-Premise

Regional Outlook (Revenue, USD Million; 2020-2028)

North America
Europe
Asia Pacific
Latin America
MEA

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Market Report includes major TOC points:

• Transport Management System Market Overview
• Global Economic Impact on Industry
• Global Market Competition by Manufacturers
• Global Production, Revenue (Value) by Region
• Global Supply (Production), Consumption, Export, Import by Regions
• Global Production, Revenue (Value), Price Trend by Type
• Global Market Analysis by Application
• Manufacturing Cost Analysis
• Industrial Chain, Sourcing Strategy and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders
• Market Effect Factors Analysis
• Transport Management System Market Forecast

Conclusively, all aspects of the Transport Management System Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

Tushar Rajput
Reports and Data
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