Increasing preference for Software as a Service (SaaS) based TMS solutions is the major factor driving the TMS market sales growth. The increasing demand for SaaS based TMS solutions can be attributed to the growth in intermodal transport across geographies.
Furthermore, the need for replacing and updating existing traditional TMS solutions is expected to support the demand for advanced transportation management solutions. However, lack of awareness among end-users coupled with high deployment cost is the major inhibitor to the growth of the market.
Integration of cloud computing and Radio Frequency Identification (RFID) technologies with supply chain management systems offer healthy opportunities for the growth of Transportation Management Systems Market over the forecast period. Integration of cloud computing technologies has ensured limited capital expense, low total cost of ownership, and greater real-time visibility across the supply chain operations.
On the basis of end-use applications, the transportation management systems market is segmented into: food and beverage, retail, electrical and electronics, industrial, and transportation and logistics among others.
The market revenue and forecast for different end-use verticals have been included in the report for the period from 2012 to 2022 in terms of US$ million, along with the CAGR for the forecast period from 2014 to 2022.
Furthermore, the report also segments the transportation management systems market on the basis of software deployment methods in to on-premise and on-demand solutions. The market revenue and forecast for different software deployment methods have been included in the report for the period from 2012 to 2022 in terms of US$ million, along with the CAGR for the forecast period from 2014 to 2022.
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The regional analysis of the transportation management systems market gives in-depth insights into the current trends prevailing in different regions including North America, Europe, Asia Pacific, and Rest of the World (RoW). Each of these segments provides market size and forecast for the period from 2012 to 2022, highlighting the key factors responsible for influencing and challenging the market growth.