Transport Management System Market Forecast and Segments, 2016-2026
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Transport management system (TMS) is a part of planning and execution system which provide
solution that help companies to carry out operation more efficiently, reliably and cost effectively.
It is a part of supply chain management as well as resource management. Most of the
enterprises use TMS software in order to manage and monitor their business. TMS helps
transport companies to optimize the routes of shipment from origin to destination considering
all the factors including planning, execution, fleet management etc. TMS is used by various
enterprises not only as a multifunction system but also as a comprehensive managerial system.
Various enterprises prefer a system that can handle and manage all the inbound and outbound
supply chain management operations that involves planning, decision making, transport followup, transport execution and transportation management. Various functions of transport
management system includes real time transportation tracking, route optimization and vehicle
load, scheme simulation and transport costs, freight audit among others. Transportation of
goods is done via railways, roadways, airways, seaways or by combination of one or all of these
and thus has to be well planned, executed and delivered. Thus, transport management system
becomes a success factor in achieving operational efficiency for the aforementioned concern.
Global Transport Management System Market: Dynamics
Rapidly growing economies offer opportunities and challenges to the transportation industries.
Increased shipment of goods across the globe is a major cause behind channel congestion and
increase in competition between market players.
Thus, requirement of transportation management system is increasing due to need for safety
standards while transportation, storage and handling of goods. With the increasing
transportation costs due to complex and intensive transportation networks, need for
transportation management system is also increasing which is driving the overall global
transport management system market. Moreover, increasing demand for ‘software as a service
(SaaS)’ based transport management system is further anticipated to stimulate the global
transport management system market. Increasing advancements in transport management
systems over the conventional ones is another significant factor fuelling the growth of the global
transport management system market. Furthermore, increasing collaboration between
hardware providers and content suppliers is a key element driving the global transport
management system market. Moreover, lack of awareness regarding transport management
system among various end-use industries is a major challenge hampering the growth of the
global transport management system market. Also, high cost associated with the initial
installation of transport management system is another key factor restraining the smooth
development of global transport management system market.
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Global Transport Management System Market: Segmentation
The global transport management system market can be segmented on the basis of feature,
application, type of license and transportation mode. On the basis of feature, the global transport
management system market can be segmented into planning & optimization, execution and
visibility & performance management. On the basis of application, the global transport
management system market can be segmented into transport sourcing, capacity management,
performance management, network design, shipping consolidation and route planning. Among
application, the transport sourcing segmented is further divided into single sourcing, multiple
sourcing and hybrid sourcing. On the basis of type of license, the global transport management
system market can be segmented into on premises licensing, on premises hosted licensing and
hosted licensing. Considering transportation mode, the global transport management system
market can be segmented into railways, roadways, airways and seaways.
Global Transport Management System Market: Regional Outlook
Transport management system market is geographically divided into seven key regions including
North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan,
Middle East & Africa and Japan. North America is expected to account for the largest share in the
global transport management system market over the forecast period due to integration of GPS
and route planning system.
With the increase in international trade especially in the developing economies like China, India
etc., Asia-Pacific excluding Japan is expected to witness a significant growth over the forecast
period. Moreover, due to continuous requirement of cost effective operations, Europe is also
projected to witness a steady growth in the global transport management system market.
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Global Transport Management System Market: Key Players
Some of the major key players in the global transport management system market are Capterra
Inc., Mercury Gate International Inc, Cerasis, Inc., Kratzer Automation AG, SAP, Oracle, JDA
Software, Manhattan Association, Epicor, IBM, GT Nexus, Infor Global Solution, Kewill System,
High Jump software, PTC, IFS, IBS, Logility among others.
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