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Transportation Management: A Growing Enterprise Software Solution Market
Transportation holds a great value in managing most of the supply chain activities from carrying raw materials to shipping the finished products to the distribution center or to the point of sale. End users want their goods and products at any time which has created a need for real-time solutions and services. Thus, transportation management market is considered as a sub-set of supply chain management market. Transportation management market is a growing enterprise software market. Players which are active in this market space includes IBM, Oracle, JDA Software, Descartes System, Manhattan Associates, Inet-Logistics, QAD, CTSI-Global and many others.
Transportation management market offers a significant growth opportunity for the players that are active in this market. The total revenue is composed by the summation of solutions and services. The solutions involve TMS, fleet management solutions, and connectivity solutions. TMS solutions have the largest market share in the solutions market. The key solutions inside TMS includes order management, transportation procurement, dock scheduling, and freight audit and payment, and route planning, scheduling and optimization solutions. There are a number of smaller players which are present with their niche core offerings in this market; consolidation is the trend in this market where these small players are getting acquired by the larger players.
North America is the largest revenue generator for this market in 2014, which is followed by Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. APAC is expected to show a rise in the market size because of factors such as emerging trade blocs, and increase in the intra-Asian, inter-Asian trade. It is expected that APAC will surpass Europe in the forecast period up to 2019. So, APAC is a lucrative market for the players who are trying to expand their businesses across the globe.
According to the announcements of findings, the global market for transportation management market is expected to grow from $8.31 billion in 2014 to $14.85 billion in 2019 at a Compound Annual Growth Rate (CAGR) of 12.3% from 2014 to 2019. In the current scenario, roadway vertical continues to be the largest user for transportation solutions, and services followed by railways and airways. In terms of regions, North America is expected to be the biggest market in terms of revenue contribution, while Europe and Asia Pacific (APAC) is expected to experience increased market traction, in due course.
Transportation Management Market [Transportation Management System, Fleet Management Solutions, Freight Audit & Payment, Route Planning & Optimization, Managed Services, Business Services] - Global Advancements, Forecasts and Analysis (2014–2019)
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