Information and Technology

Transport management systems (TMS) are a part of the supply chain management that deals with transportation and tracking. The global market for the transport management system is assessed in the report by Market Research Future (MRFR). It unfolds that the global market is set to mark 20% CAGR over the forecast period 2017 to 2023. The system enhances the visibility of the supply chain which is expected to motivate its adoption across industry verticals. Also, the growth of the retail and e-commerce industry is projected to drive the proliferation of the transportation management system market in the forthcoming years. Market Segmentation: The segments of the transportation management system market, based on component, are solution, hardware, and services. The hardware segment is narrowed down to cameras, sensors, and others. The sub-segments of the solution segment are operations management, traffic management, and others. The sub-segmentation of the services segment covers training ...

Market Highlights The Global Transportation Management System Market is spanned across North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America. North America is expected to be one of the largest markets with the early adoption of TMS. For the purpose of analysis, North America has been segmented into the US, Canada, and Mexico. During the forecast period, the US is expected to be the leading region, growing at a CAGR of 5.7%, followed by Canada with 7.2%, and Mexico with 6.4%. The presence of key market players such as Oracle Corporation, JDA Software Group, Manhattan Associates, and CTSI-Global in the US has driven the growth of the transportation management system market in the region. Moreover, increasing demand for cloud-based TMS by third-party logistics service providers and retail and e-commerce industries is further expected to propel the growth of the virtual reality market in North America in the near future. On the other hand, Asia-Pacific is exp...