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High ROI Attracting Investments In Global Transport Management System Market

Press Release   •   Jan 23, 2017 04:30 EST

The 77-page report, titled “Global Transport Management System Market 2017-2021” is a thorough analysis of the market in current scenario, and based on all the prominent factors that are expected to influence the growth rate, the report presents a figurative estimation of the opportunities available until 2017. To calculate the market size, the report considers the revenue generated from the sales of transport management solutions including the issue of new licenses, installations, subscriptions, updates, technical support, and software maintenance.

The transport management system (TMS) belongs to supply chain management, which relates to transportation operations. The report observes that with TMS, a wide variety of functions and automate transport processes are available for shippers and other logistics service provides, including financials, planning, execution, and fleet management. The report projects the global transport management system market to expand at a healthy CAGR of 6.87 during the forecast period of 2017 to 2021. This is due to several factors such as high return of investment (ROI) and improved process efficiency by implementing TMS solutions, rebalancing of trade toward the East, increase in international trade, and the requirement of multimodal TMS.

Some of the challenges pertaining to the global transport management systems market are: high cost associated with deployment of TMS solutions, rise in protectionism, data privacy and security risks, integration issue of disparate TMS solutions, and uncertain economic conditions across various countries. The report also picks out some of the trends in the market, such as SaaS-based TMS solutions which will continue to gain traction, integration of TMS with IoT and cognitive computing, and viral role of analytics and BI in omnichannel. All of these driving, restraining, and trend factors have been analyzed in detail in the report and eventual impact has been estimated.

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To present a clear picture of the market dynamics, the report segments it on the basis of solutions and services, into cloud solutions, on-premises solutions, maintenance services, and professional services. Geographically, the report studies the global transport management system market in the regions of Americas, EMEA, and APAC. Porter’s five forces analysis has also been included to understand the current market situation.

The report identifies Descartes, JDA Software, Manhattan Associates, Oracle, and SAP as the prominent players in the global transport management system market. Some of the other players in the market are: 3Gtms, AmberRoad, ArgosSoftware, Cerasis, AcuitiveSolutions, Agistix, AljexSoftware, Cirrus TMS, CloudLogistics, LeanLogistics, Logility, CTSI-Global, GTNexus, HighJumpSoftware, Kewill, MercuryGate, OneNetworkEnterprises, Omnitracs, TMWSystems, and WoltersKluwerTransport Services. For each player, feature and capabilities, geographical presence, and product portfolio have been provided. The report also takes note of recent merger and acquisitions and other strategies of the players.

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