Freight Transportation Management System: Check Latest Market Insights

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Freight Transportation Management System Market Definition

A freight transportation management system (TMS) is a logistics platform that uses technology to help businesses plan, execute, and optimize the physical movement of goods, both incoming and outgoing and making sure the shipment is compliant, proper documentation is available. This kind of system is often part of a larger supply chain management (SCM) system. A freight TMS allows shippers to automate the processes they have in place and receive valuable insights to save time and reduce spend on future shipments.

The market study is broken down, by Application (Freight Management, Planning, Execution, Administration and Others) and major geographies with country level splits.

Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Freight Transportation Management System market throughout the predicted period.

The Descartes Systems Group Inc. (Canada), Oracle Corporation (United States), Werner Enterprises (United States), Mercury Gate (United States), SAP (Germany), Accenture (Ireland), JDA Software (United States), Ceva Logistics (Switzerland), C.H. Robinson (United States) and Manhattan Associates (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are UPS (United States), DB Schenker (Germany), Kuebix (United States), Riege Software (Germany) and Infor (United States).

Segmentation Overview

AdvanceMarketAnalytics has segmented the market of Global Freight Transportation Management System market by Type, Application and Region.

On the basis of geography, the market of Freight Transportation Management System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Enterprise Size, the sub-segment i.e. Large Enterprises will boost the Freight Transportation Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Aerospace and Defence will boost the Freight Transportation Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-premises will boost the Freight Transportation Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mode of Transport, the sub-segment i.e. Rail Freight will boost the Freight Transportation Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software (Stand-alone Software, and as Modules) will boost the Freight Transportation Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Manufacturers will boost the Freight Transportation Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

Market Leaders and their expansionary development strategies

On July 24, 2019, MercuryGate International, Inc., a leader in Transportation Management System (TMS) solutions, has announced that it has acquired TranSolutions, Inc., the leading provider of transportation-centric claims management software
On January 8, 2020, Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, has announced that Jackson, MI-based Automated Logistics Systems (ALS), is improving real-time shipment visibility and operating efficiency through the Descartes MacroPoint solution.

Market Trend

  • Replacement of On-premises TMS to Cloud-Based TMS
  • Ability to Track Freight, both Locally and Globally, On a Single Platform

Market Drivers

  • Growing congestion problems and environmental & safety considerations are driving the demand for freight transportation management system market. Moreover, owing to globalization, companies need to enhance their competitiveness through leanness or agility.
  • Automation of Business Operations for Faster and More Accurate Billing and Documentation
  • Improvement in Visibility and Security, Especially in Transit

Opportunities

  • Technological Innovations Such As IoT Fleet Monitoring, Adaptive Intelligence and Machine Learning, Blockchain, and Cold Chain Management
  • Huge Investments in Transportation Management System

Restraints

  • High Cost of the Package owing to More Features and Functionality

Challenges

  • Integration with Other System and Softwares

Key Target Audience

Freight Transportation Management Developers, Key Vendors and Manufacturers, Distributors and Logistic Service Providers, Government and Public Entities, End-User Industries and Others

About Approach

The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.

Customization available in this Study:

The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase

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