Transportation management market forecast to increase by 12.3% CAGR during 2014 to 2019
Transportation Management Market: Global Advancements, Forecasts and Analysis (2014â2019) - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-30 10:28:03
The global Transportation Management Market is expected to grow from $8.31 billion in 2014 to $14.85 billion by 2019, at an estimated Compound Annual Growth Rate (CAGR) of 12.3% from 2014 to 2019.Increase in the international trade, globalization, and ever growing population is demanding a greater efficiency in transportation and logistics activities to fulfill the on-time delivery demand of the end users. Shippers and carriers want greater visibility for reliability and improvement of their shipping performances. This has created an enormous opportunity for the vendors of this market to provide on-demand, real-time updated and intelligent solutions. This report highlights the various solutions such as Transportation Management System (TMS), fleet management solutions and connectivity solutions which aid in managing the transportation activities effectively and efficiently.The key strategies followed by most companies in the global Transportation Management Market are development of analytical-based end-to-end TMS solutions, route optimization solutions, and acquiring relatively small domain expert players. Some of the major players in this market are IBM, Oracle, JDA Software, Descartes System Group, Manhattan Associates, Inet-Logistics, Lean Logistics, Logility, QAD and CTSI-Global.Consolidation is the trend seen in this market where smaller shippers are acquired by the giants of the industry. There are vendors in this market which offers complete end-to-end solutions for the carriers and the shippers and at the same time there are a few who provide specialized solutions for the Logistics Service Providers (LSPs).Verticals such as roadways, airways, railways, and seaways are extensively used for moving goods both inbound and outbound. Roadways has the major market share in the vertical and is expected to grow in the forecast period; there is a lot of opportunity for the vendors who offers solutions in the roadways as well as other verticals for managing transportation activities. Out of all the regions, North America is the largest revenue generator for solutions and services in the Transportation Management Market. Asia Pacific (APAC) is expected to show a significant rise in the revenues because of the budding inter-Asian and intra-Asian trade that exists between different countries of Asia.The key playing fields are Transportation Management system (TMS), freight audit and payment solutions, route planning, and scheduling, and route optimization solutions in the transportation management market. TMS solutions help in streamlining the transportation activities that are needed in handling inbound and outbound operations for both shippers, and carriers.
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