HOME Top Market Reports Transportation Management System Market by Transportation Mode (Railways and Roadways), Component (Solution Type, Hardware, and Services), Deployment Mode (Hosted and On-premises), Application, and Region - Global Forecast to 2022

Transportation Management System Market by Transportation Mode (Railways and Roadways), Component (Solution Type, Hardware, and Services), Deployment Mode (Hosted and On-premises), Application, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: June 2017
Report Code: TC 2228

 

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The growth of the global transportation management system market is driven by various factors, such as the revolution of industries due to digitization, rapid urbanization, and rising congestion in the metro cities. The growing population and congestion in urban areas are in turn increasing the demands for transportation management systems. Additionally, the evolution of Internet of Things (IoT) and the utilization of big data in the transportation system industry are generating huge growth opportunities for vendors in the market. The global market is expected to grow from USD 78.20 Billion in 2017 to USD 202.14 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.9%. The base year considered for the study is 2016, while the forecast period is 2017–2022.

The objective of the report is to define, describe, and forecast the size of the transportation management system market on the basis of components (solution type, hardware, and services), deployment modes (hosted and on-premises), transportation modes, applications, and regions. The report also aims to provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges).

The research methodology used to estimate and forecast the global transportation management system market size begins with the capturing of data on the key vendor revenues through secondary research, annual reports, government publishing sources, IEEE, Factiva, Bloomberg, and press releases. The vendor offerings are also taken into consideration to determine the market segmentations. The bottom-up procedure is employed to arrive at the overall global market size from the revenues of the key market players. After arriving at the overall market size, the total market is split into several segments and subsegments, which are then verified through primary research by conducting extensive interviews with key individuals, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures are employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of the primary participants is depicted in the figure given below:

Transportation Management System Market

To know about the assumptions considered for the study, download the pdf brochure

The transportation management system market includes various transportation management system vendors, such as SAP SE (Walldorf, Germany), Oracle Corporation (California, US), Manhattan Associates (Georgia, US), Descartes (Waterloo, Ontario), JDA Software, Inc. (Arizona, US), CTSI-Global (Tennessee, US), Inet-Logistics GMBH (Dornbrin, Austria), BluJay Solutions (Greater Manchester, UK), MercuryGate International, Inc. (North Carolina, US), Efkon AG (Raaba/Graz, Austria), Metro Infrasys Private Limited (New Delhi, India), and TMW Systems, Inc. (Ohio, US).

The target audience of the transportation management system market report is given below:

  • Government agencies
  • Transportation management system solutions/services vendors
  • Application developers
  • Information Technology (IT) managers
  • System integrators
  • Managed networking solution providers
  • Application end-users

“The study answers several questions for the stakeholders, primarily, which market segments to focus on in the next 2 to 5 years for prioritizing efforts and investments.”

Scope of the Report

The transportation management system market is segmented on the basis of transportation modes, components (solution type, hardware, and services), deployment modes, applications, and regions:

By Transportation Mode

  • Railways
  • Roadways

By Component

  • Solution type
    • Traffic management
      • Information management
      • Signaling
      • Automatic number plate recognition
      • Parking management
    • Operations management
      • Risk management
      • Predictive fleet maintenance
      • Driver monitoring and assistance
      • Mapping and route guidance
      • Real-time vehicle and asset tracking
      • Automated scheduling and vehicle load optimization
      • Transport data management, visualization, and analytics
      • Others (network and connectivity and contract management)
    • Others (order and warehouse management, and workforce monitoring and management)
  • Hardware
    • Camera
      • Vehicle surveillance
      • On-street surveillance
    • Sensors
    • Others (radio modems, information displays, traffic light controllers, and communication interface devices)
  • Services
    • Training and education
    • System integration
    • Support and maintenance

By Application

  • Consumer goods and retail
  • Parcel and package
  • Fire station
  • Hospital
  • Travel and tourism
  • Mining
  • Others (food and beverage, and electronics and electrical)

By Deployment Mode

  • Hosted
  • On-premises

By Region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the North American transportation management system market
  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Microquadrant Research Methodology
           2.3.1 Vendor Inclusion Criteria
    2.4 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Market Opportunities in the Market
    4.2 Transportation Management System Market, By Region (2017 vs 2022)
    4.3 Global Market, By Regions and Application, 2017
    4.4 Life Cycle Analysis, By Region
    4.5 Regional Growth Scenario

5 Market Overview and Industry Trends (Page No. - 39)
    5.1 Market Overview
           5.1.1 Introduction
           5.1.2 Market Dynamics
                    5.1.2.1 Drivers
                               5.1.2.1.1 Revolution of Industry Due to Digitization
                               5.1.2.1.2 Higher Return on Investment (RoI), and Enhanced Visibility and Control
                               5.1.2.1.3 Population Explosion and Rising Congestion in Metro Cities
                    5.1.2.2 Restraints
                               5.1.2.2.1 High Installation and Integration Costs
                               5.1.2.2.2 Inter-Country Trade Law Issue
                    5.1.2.3 Opportunities
                               5.1.2.3.1 Growth of Cloud-Based Transportation Management System Providers
                               5.1.2.3.2 Use of Iot and Big Data Technology
                               5.1.2.3.3 Increasing Demand for Managed Service Providers
                    5.1.2.4 Challenges
                               5.1.2.4.1 Security Concerns
                               5.1.2.4.2 Insufficient Investment for Transportation Infrastructure
    5.2 Industry Trends
           5.2.1 Introduction
           5.2.2 Transportation Management System Use Cases
                    5.2.2.1 Introduction
                    5.2.2.2 Use Cases
           5.2.3 Transportation Management System, Installation Flow

6 Transportation Management System Market Analysis, By Transportation Mode (Page No. - 47)
    6.1 Introduction
    6.2 Roadways
    6.3 Railways

7 Transportation Management System Market Analysis, By Component (Page No. - 53)
    7.1 Introduction
    7.2 Solution Type
           7.2.1 Traffic Management
                    7.2.1.1 Information Management
                    7.2.1.2 Signaling
                    7.2.1.3 Automatic Number Plate Recognition
                    7.2.1.4 Parking Management
           7.2.2 Operations Management
                    7.2.2.1 Risk Management
                    7.2.2.2 Predictive Fleet Maintenance
                    7.2.2.3 Driving Monitoring
                    7.2.2.4 Mapping and Route Guidance
                    7.2.2.5 Real-Time Vehicle and Asset Tracking
                    7.2.2.6 Automated Scheduling and Vehicle Load Optimization
                    7.2.2.7 Transport Data Management, Visualization, and Analytics
                    7.2.2.8 Others
           7.2.3 Others
    7.3 Hardware
           7.3.1 Cameras
                    7.3.1.1 Vehicle Surveillance
                    7.3.1.2 On-Street Surveillance
           7.3.2 Sensors
           7.3.3 Others
    7.4 Services
           7.4.1 Training and Education
           7.4.2 System Integration
           7.4.3 Support and Maintenance

8 Global Transportation Management System Market Analysis, By Deployment Mode (Page No. - 78)
    8.1 Introduction
    8.2 Hosted
    8.3 On-Premises

9 Global Transportation Management System Market Analysis, By Application (Page No. - 82)
    9.1 Introduction
    9.2 Consumer Goods and Retail
    9.3 Parcel and Package
    9.4 Fire Station
    9.5 Hospital
    9.6 Travel and Tourism
    9.7 Mining
    9.8 Others

10 Geographic Analysis (Page No. - 90)
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia Pacific
     10.5 Middle East and Africa
     10.6 Latin America

11 Competitive Landscape (Page No. - 124)
     11.1 Microquadrant Overview
             11.1.1 Vanguards
             11.1.2 Innovators
             11.1.3 Dynamic
             11.1.4 Emerging
     11.2 Microquadrant
     11.3 Competitive Benchmarking
             11.3.1 Product Offerings
             11.3.2 Business Strategies

12 Company Profiles (Page No. - 129)
(Overview, Products and Services, Financials, Strategy & Development)*
     12.1 SAP SE
     12.2 Oracle Corporation
     12.3 Manhattan Associates
     12.4 Descartes
     12.5 JDA Software, Inc.
     12.6 CTSI-Global
     12.7 Inet-Logistics GmbH
     12.8 Blujay Solutions
     12.9 Mercurygate International, Inc.
     12.10 Efkon AG
     12.11 Metro Infrasys Private Limited
     12.12 TMW Systems, Inc.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

13 Appendix (Page No. - 163)
     13.1 Industry Experts
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Related Reports
     13.5 Author Details


List of Tables (111 Tables)

Table 1 USD Currency Exchange Rate
Table 2 Evaluation Criteria
Table 3 Global Market Size and Growth Rate, 2015–2022 (USD Million) (Y-O-Y %)
Table 4 Use Cases: Application Area and Benefits of Using Transportation Management System Solution
Table 5 Transportation Management System Market Size, By Transportation Mode, 2015–2022 (USD Billion)
Table 6 Roadways: Market Size, By Region, 2015–2022 (USD Billion)
Table 7 Freight: Roadways Market Size, By Region, 2015–2022 (USD Billion)
Table 8 Passenger: Roadways Market Size, By Region, 2015–2022 (USD Billion)
Table 9 Railways: Market Size, By Region, 2015–2022 (USD Billion)
Table 10 Freight: Railways Market Size, By Region, 2015–2022 (USD Billion)
Table 11 Passenger: Railways Market Size, By Region, 2015–2022 (USD Billion)
Table 12 Transportation Management System Market Size, By Component, 2015–2022 (USD Billion)
Table 13 Solution Type: Market Size, By Region, 2015–2022 (USD Billion)
Table 14 Solution Type: Transportation Management System, By Type, 2015–2022 (USD Billion)
Table 15 Traffic Management Market Size, By Region, 2015–2022 (USD Billion)
Table 16 Traffic Management Market Size, By Type, 2015–2022 (USD Billion)
Table 17 Information Management: Traffic Management Market Size, By Region, 2015–2022 (USD Billion)
Table 18 Signaling: Traffic Management Market Size, By Region, 2015–2022 (USD Billion)
Table 19 Automatic Number Plate Recognition: Traffic Management Market Size, By Region, 2015–2022 (USD Billion)
Table 20 Parking Management: Traffic Management Market Size, By Region, 2015–2022 (USD Billion)
Table 21 Operations Management Market Size, By Region, 2015–2022 (USD Billion)
Table 22 Operations Management Market Size, By Type, 2015–2022 (USD Billion)
Table 23 Risk Management: Operations Management Market Size, By Region, 2015–2022 (USD Billion)
Table 24 Predictive Fleet Maintenance: Operations Management Market Size, By Region, 2015–2022 (USD Billion)
Table 25 Driver Monitoring and Assistance: Operations Management Market Size, By Region, 2015–2022 (USD Billion)
Table 26 Mapping and Route Guidance: Operations Management Market Size, By Region, 2015–2022 (USD Billion)
Table 27 Real-Time Vehicle and Asset Tracking: Operations Management Market Size, By Region, 2015–2022 (USD Billion)
Table 28 Automated Scheduling and Vehicle Load Optimization: Operations Management Market Size, By Region, 2015–2022 (USD Billion)
Table 29 Transport Data Management, Visualization, and Analytics: Operations Management Market Size, By Region, 2015–2022 (USD Billion)
Table 30 Others: Operations Management Market Size, By Region, 2015–2022 (USD Billion)
Table 31 Others Solution Type Market Size, By Region, 2015–2022 (USD Billion)
Table 32 Hardware: Transportation Management System Market Size, By Type, 2015–2022 (USD Billion)
Table 33 Cameras Market Size, By Type, 2015–2022 (USD Billion)
Table 34 Cameras Market Size, By Region, 2015–2022 (USD Billion)
Table 35 Vehicle Surveillance: Cameras Market Size, By Region, 2015–2022 (USD Billion)
Table 36 On-Street Surveillance: Cameras Market Size, By Region, 2015–2022 (USD Billion)
Table 37 Sensors Market Size, By Region, 2015–2022 (USD Billion)
Table 38 Others Market Size, By Region, 2015–2022 (USD Billion)
Table 39 Services: Market Size, By Region, 2015–2022 (USD Billion)
Table 40 Services: Market Size, By Type, 2015–2022 (USD Billion)
Table 41 Training and Education Market Size, By Region, 2015–2022 (USD Billion)
Table 42 System Integration Market Size, By Region, 2015–2022 (USD Billion)
Table 43 Support and Maintenance Market Size, By Region, 2015–2022 (USD Billion)
Table 44 Support and Maintenance Market Size, By Type, 2015–2022 (USD Billion)
Table 45 Transportation Management System Market Size, By Deployment Mode, 2015–2022 (USD Billion)
Table 46 Hosted: Market Size, By Region, 2015–2022 (USD Billion)
Table 47 On-Premises: Market Size, By Region, 2015–2022 (USD Billion)
Table 48 Transportation Management System Market Size, By Application, 2015–2022 (USD Billion)
Table 49 Consumer Goods and Retail: Market Size, By Region, 2015–2022 (USD Billion)
Table 50 Parcel and Package: Market Size, By Region, 2015–2022 (USD Billion)
Table 51 Fire Station: Market Size, By Region, 2015–2022 (USD Billion)
Table 52 Hospital: Market Size, By Region, 2015–2022 (USD Billion)
Table 53 Travel and Tourism: tem Market Size, By Region, 2015–2022 (USD Billion)
Table 54 Mining: Market Size, By Region, 2015–2022 (USD Billion)
Table 55 Others: Market Size, By Region, 2015–2022 (USD Billion)
Table 56 Transportation Management Market Size, By Region, 2015–2022 (USD Million)
Table 57 North America: Market Size, By Transportation Mode, 2015–2022 (USD Billion)
Table 58 North America: Market Size, By Railways Mode, 2015–2022 (USD Billion)
Table 59 North America: Market Size, By Roadways Mode, 2015–2022 (USD Billion)
Table 60 North America: Market Size, By Component, 2015–2022 (USD Billion)
Table 61 North America: Market Size, By Solution Type, 2015–2022 (USD Billion)
Table 62 North America: Market Size, By Traffic Management Solution, 2015–2022 (USD Billion)
Table 63 North America: Market Size, By Operation Management Solution, 2015–2022 (USD Billion)
Table 64 North America: Market Size, By Hardware, 2015–2020 (USD Billion)
Table 65 North America: Market Size, By Service, 2015–2020 (USD Billion)
Table 66 North America: Market Size, By Deployment Mode, 2015–2022 (USD Billion)
Table 67 North America: Market Size, By Application, 2015–2022 (USD Billion)
Table 68 Europe: Market Size, By Transportation Mode, 2015–2022 (USD Billion)
Table 69 Europe: Market Size, By Railways Mode, 2015–2022 (USD Billion)
Table 70 Europe: Transportation Management System Market Size, By Roadways Mode, 2015–2022 (USD Billion)
Table 71 Europe: Market Size, By Component, 2015–2022 (USD Billion)
Table 72 Europe: Market Size, By Solution Type, 2015–2022 (USD Billion)
Table 73 Europe: Market Size, By Traffic Management Solution, 2015–2022 (USD Billion)
Table 74 Europe: Market Size, By Operation Management Solution, 2015–2022 (USD Billion)
Table 75 Europe: Market Size, By Hardware, 2015–2022 (USD Billion)
Table 76 Europe: Market Size, By Service, 2015–2022 (USD Billion)
Table 77 Europe: Market Size, By Deployment Mode, 2015–2022 (USD Billion)
Table 78 Europe: Market Size, By Application, 2015–2022 (USD Billion)
Table 79 Asia Pacific: Transportation Management System Market Size, By Transportation Mode, 2015–2022 (USD Billion)
Table 80 Asia Pacific: Market Size, By Railways Mode, 2015–2022 (USD Billion)
Table 81 Asia Pacific: Market Size, By Roadways Mode, 2015–2022 (USD Billion)
Table 82 Asia Pacific: Market Size, By Component, 2015–2022 (USD Billion)
Table 83 Asia Pacific: Market Size, By Solution, 2015–2022 (USD Billion)
Table 84 Asia Pacific: Market Size, By Traffic Management Solution, 2015–2022 (USD Billion)
Table 85 Asia Pacific: Market Size, By Operation Management Solution, 2015–2022 (USD Billion)
Table 86 Asia Pacific: Market Size, By Hardware, 2015–2022 (USD Billion)
Table 87 Asia Pacific: Market Size, By Service, 2015–2022(USD Billion)
Table 88 Asia Pacific: Market Size, By Deployment Mode, 2015–2022 (USD Billion)
Table 89 Asia Pacific: Market Size, By Application, 2015–2022 (USD Billion)
Table 90 Middle East and Africa: Market Size, By Transportation Mode, 2015–2022 (USD Billion)
Table 91 Middle East and Africa: Market Size, By Railways Mode, 2015–2022 (USD Billion)
Table 92 Middle East and Africa: Market Size, By Roadways Mode, 2015–2022 (USD Billion)
Table 93 Middle East and Africa: Market Size, By Component, 2015–2022 (USD Billion)
Table 94 Middle East and Africa: Market Size, By Solution Type, 2015–2022 (USD Billion)
Table 95 Middle East and Africa: Market Size, By Traffic Management Solution, 2015–2022 (USD Billion)
Table 96 Middle East and Africa: Market Size, By Operation Management Solution, 2015–2022 (USD Billion)
Table 97 Middle East and Africa: Market Size, By Hardware, 2015–2022 (USD Billion)
Table 98 Middle East and Africa: Market Size, By Service, 2015–2022 (USD Billion)
Table 99 Middle East and Africa: Market Size, By Deployment Mode, 2015–2022 (USD Billion)
Table 100 Middle East and Africa: Market Size, By Application, 2015–2022 (USD Billion)
Table 101 Latin America: Transportation Management System Market Size, By Transportation Mode, 2015–2022 (USD Billion)
Table 102 Latin America: Market Size, By Railways Mode, 2015–2022 (USD Billion)
Table 103 Latin America: Market Size, By Roadways Mode, 2015–2022 (USD Billion)
Table 104 Latin America: Market Size, By Component, 2015–2022 (USD Billion)
Table 105 Latin America: Market Size, By Solution Type, 2015–2022 (USD Billion)
Table 106 Latin America: Market Size, By Traffic Management Solution, 2015–2022 (USD Billion)
Table 107 Latin America: Market Size, By Operation Management Solution, 2015–2022 (USD Billion)
Table 108 Latin America: Market Size, By Hardware, 2015–2022 (USD Billion)
Table 109 Latin America: Market Size, By Service, 2015–2022 (USD Billion)
Table 110 Latin America: Market Size, By Deployment Mode, 2015–2022 (USD Billion)
Table 111 Latin America: Market Size, By Application, 2015–2022 (USD Billion)


List of Figures (56 Figures)

Figure 1 Transportation Management System Market Segmentation
Figure 2 Market Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Transportation Management System Market: Assumptions
Figure 8 North America is Expected to Hold the Largest Market Share in 2017 and Asia Pacific is Estimated to Grow at the Highest CAGR During the Forecast Period
Figure 9 Global Transportation Management System Market (2015–2022)
Figure 10 Market Size By Component (2017 and 2022): Services Segment is Expected to Have the Highest CAGR
Figure 11 Market Share By Deployment (2017–2022): Hosted Deployment Expected to Increase at A Higher CAGR During the Forecast Period
Figure 12 Market Size By Operation Management Solution (2017 and 2022): Driver Monitoring and Assistance Segment is Expected to Witness the Highest CAGR During the Forecast Period
Figure 13 Emerging Economies Offer Attractive Market Opportunities in the Transportation Management System Market During the Forecast Period
Figure 14 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 North America is Estimated to Hold the Largest Market Share Among All the Regions in 2017
Figure 16 Asia Pacific is Expected to Grow Exponentially During the Forecast Period
Figure 17 Transportation Management System Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Roadways Segment is Expected to Have the Highest Growth Rate During the Forecast Period
Figure 19 Solution Type Segment is Expected to Hold the Largest Market Share During the Forecast Period
Figure 20 Parking Management is Expected to Hold the Largest Market Share During the Forecast Period
Figure 21 Sensors Segment is Expected to Grow at the Highest Rate During the Forecast Period
Figure 22 Support and Maintenance Segment is Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 23 Hosted Market to Grow at A Higher Growth Rate During the Forecast Period
Figure 24 Asia Pacific and Middle East and Africa: Opportunity Pockets for the Transportation Management System Market During the Forecast Period
Figure 25 Asia Pacific is Estimated to Grow at the Highest CAGR From 2017 to 2022
Figure 26 North America Market Snapshot
Figure 27 Asia Pacific Market Snapshot
Figure 28 Transportation Management System Market: Ranking Analysis
Figure 29 SAP SE: Company Snapshot
Figure 30 SAP SE: Product Offering Scorecard
Figure 31 SAP SE: Business Strategy Scorecard
Figure 32 Oracle Corporation: Company Snapshot
Figure 33 Oracle Corporation: Product Offering Scorecard
Figure 34 Oracle Corporation: Business Strategy Scorecard
Figure 35 Manhattan Associates: Company Snapshot
Figure 36 Manhattan Associates: Product Offering Scorecard
Figure 37 Manhattan Associates: Business Strategy Scorecard
Figure 38 Descartes: Company Snapshot
Figure 39 Descartes: Product Offering Scorecard
Figure 40 Descartes: Business Strategy Scorecard
Figure 41 JDA Software, Inc.: Product Offering Scorecard
Figure 42 JDA Software, Inc.: Business Strategy Scorecard
Figure 43 CTSI-Global : Product Offering Scorecard
Figure 44 CTSI-Global: Business Strategy Scorecard
Figure 45 Inet-Logistics GmbH: Product Offering Scorecard
Figure 46 Inet-Logistics GmbH: Business Strategy Scorecard
Figure 47 Blujay Solutions: Product Offering Scorecard
Figure 48 Blujay Solutions: Business Strategy Scorecard
Figure 49 Mercurygate International: Product Offering Scorecard
Figure 50 Mercurygate International: Business Strategy Scorecard
Figure 51 Efkon AG: Product Offering Scorecard
Figure 52 Efkon AG: Business Strategy Scorecard
Figure 53 Metro Infrasys Private Limited: Product Offering Scorecard
Figure 54 Metro Infrasys Private Limited: Business Strategy Scorecard
Figure 55 TMW Systems, Inc.: Product Offering Scorecard
Figure 56 TMW Systems, Inc.: Business Strategy Scorecard

The global transportation management system market is expected to grow from USD 78.20 Billion in 2017 to USD 202.14 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.9%. The major growth drivers of the market include the revolutionization of industries due to digitalization, population explosion, and rising congestion in the metro cities.

In the traffic management segment, automatic number plate recognition is expected to grow at the highest CAGR during the forecast period. Automatic number plate recognition solutions reduce the network monitoring costs while enhancing the control and flexibility. Automatic number plate recognition applications are capable of detecting the license plates of speedy vehicles, recognizing license plates in harsh weather conditions such as hailstorms and heavy rains, and identifying vehicle speed with the use of specially-developed algorithms.
Under transportation modes, the roadways segment is expected to grow at a higher CAGR than the railways segment. Roadways are highly preferred modes of transportation, especially for traveling short distances. Roadways are ideal for moving small quantities of goods to widely dispersed markets. The major issue faced in this mode of transportation is the congestion due to traffic. Roads often get congested due to the increasing number of vehicles and thus, cause major financial loss to transportation companies.

The hosted deployment mode is expected to grow at a higher CAGR than the on-premises deployment mode. This is because hosted deployments are less expensive in terms of implementation and infrastructure costs compared to on-premises deployments. Low maintenance requirements and cost effectiveness are some of the other benefits driving the growth of the hosted deployments segment.

The global transportation management system market has been segmented on the basis of regions into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The North American region, followed by Europe, is estimated to be the largest revenue generating region for transportation management system vendors in 2017. This is mainly because in the developed economies of the US and Canada, there is a high focus on innovations obtained from Research and Development (R&D) technologies. The APAC region is expected to be the fastest-growing region in the market. The growth in this region is primarily driven by increasing digitalization. Therefore, the APAC region is positioning itself as an attractive market for transportation management vendors.

Transportation Management System Market

The transportation management system market faces many challenges, such as security concerns and insufficient investment in transportation infrastructure.

Major vendors that offer transportation management system solutions across the globe are SAP SE (Walldorf, Germany), Oracle Corporation (California, US), Manhattan Associates (Georgia, US), Descartes (Waterloo, Ontario), JDA Software, Inc. (Arizona, US), CTSI-Global (Tennessee, US), Inet-Logistics GMBH (Dornbrin, Austria), BluJay Solutions (Greater Manchester, UK), MercuryGate International, Inc. (North Carolina, US), Efkon AG (Raaba/Graz, Austria), Metro Infrasys Private Limited (New Delhi, India), and TMW Systems, Inc. (Ohio, US). These vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions to expand their presence in the transportation management system market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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