Transportation Management System Market Opportunities and Key Market Players

Transportation Management System Market

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% during the forecast period as per a report by MarketsandMarkets.

Moreover, high Return on Investment (RoI), and enhanced visibility and control are a few other factors driving the market growth. With the adoption of digital technologies, transportation vendors and third-party providers have reduced the overall transportation costs and minimized delivery errors, resulting in the growth of the transportation management system market.

Why rise of SaaS and cloud is an opportunity?

The advent of cloud applications in the transportation industry has ensured that companies no longer need to worry about upfront investments in terms of software, hardware, and storage. Several cloud-based transportation management system solutions are now available in the marketplace, such as Omnitracs Transportation Management System, which is delivered in the solution as a service (SaaS) web model, and eSOMA, a cloud-based transportation management enterprise resource planning (ERP) solution.

Cloud-based transportation management systems are empowering companies to connect with their global supply chain partners in real time by giving them role-based access to the same system. These systems ensure compliance with legislation and enable delivery automation and real-time visibility across the global supply chain. These integrated solutions automate the freight management process, starting from the carrier selection to the final delivery of shipments. They also enable multiple supply chain partners to collaborate in real time to resolve issues as they arise, thereby creating huge opportunities for cloud-based solution providers in the transportation management system market.

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Key Market Players for Transportation Management System Market

The major transportation management system vendors include 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). New product launches and partnerships are the key strategies adopted by these market players to offer feature-rich products and services to their customers and penetrate deeper into unserved regions.

Oracle Corporation is a reputed global vendor of enterprise-grade products and solutions. The company’s product and services portfolio includes databases and relational servers, application development and decision support tools, and enterprise business applications. In the past couple of years, Oracle has undertaken acquisitions and partnerships to expand its presence in the transportation management system market. The information available on industrial websites can be used by the Oracle enterprise solutions, such as Oracle Cloud Applications and ERP, Oracle Cloud Platform, and Supply Chain Management to enhance asset visibility, improve the supply chain, support intelligent manufacturing, and optimize business processes.

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