The global Transportation Management Systems market size was valued at $6.27 billion in 2018 and is expected to expand at a CAGR of 16% over the forecast period. The emergence of advanced technology, the growth of the retail and e-commerce sectors, high return on investment (RoI), and the increase in bilateral trade relations between various countries are key factors driving growth.
The Transportation Management System (TMS) can be accessed as a module in the Supply Chain Management (SCM) and Enterprise Resource Planning (ERP) suites. It supports a wide range of industries and organizations through procurement and freight forwarding with tools such as freight auditing, payment, route planning and optimization, yard management, load building, order visibility, and carrier management. TMS aims to increase the efficiency of shipments through improved customer service, lower costs incurred, and gain real-time supply chain visibility.
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Transportation Management Systems Market Segments:
By Component
• Solutions
• Traffic Management
• Operational Management
• Services
• Training &Education
• System Integration
• Support &Maintenance
By Deployment Mode
• Cloud
• On-premises
By Mode of Transportation
• Railways
• Roadways
• Maritime
• Airways
By Enterprise Size
• Small & Medium Scale Enterprise
• Large Scale Enterprise
By Application
• Consumer Goods &Retail
• Parcel &Package
• Healthcare
• Fire Solution
• Travel & Hospitality
• Government & Defense
• Mining
• Others
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)