According to the latest market study released by Technavio,
transport management system (TMS) market is expected to
grow at a CAGR of close to 7% during the forecast period.
This Smart News Release features multimedia. View the full release here:
Technavio has published a new report on the global transport management system (TMS) market from 2017-2021. (Graphic: Business Wire)
This research report titled 'Global
Transport Management System Market 2017-2021' provides an
in-depth analysis of the market in terms of revenue and emerging market
trends. This market research report also includes up to date analysis
and forecasts for various market segments and all geographical regions.
One of the key drivers of this market is the high return on investment
(ROI) and improved process efficiency obtained by implementing TMS
solutions. Companies that have enlisted TMS solutions have constantly
reported a higher ROI with lower freight costs, faster order-to-delivery
cycle times, reduced compliance fines, lower inventory management costs,
the ability to select better carrier rates, and less time spent on
maintaining customs paperwork.
Other important drivers for this market are rebalancing of trade
toward east, increase in international trade, and requirements for
multimodal TMS. With these drivers pushing for market growth, the global
TMS market is forecast to be valued at USD 1,982 million by 2021,
showcasing a CAGR of almost 7%.
Request a sample report: http://www.technavio.com/request-a-sample?report=55242
Technavio's sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.
Based on solutions and services, the report categorizes the global TMS
market into the following segments:
services segment of TMS occupies the majority share of
the global TMS market with a share of over 60% (2016 figures). The
cost-effectivness and flexibility provided by cloud TMS services are
the main drivers pushing the growth of this segment. With the market
environment for software
as a service (SaaS)-based TMS solutions continuing to bloom, the
adoption of this service is becoming more prevalent. The increasing
demand has set off an intense competition among vendors, leading to the
introduction of advanced and reliable on-demand software.
"Cloud TMS solutions also include managed transportation services.
This arrangement would give firms the centralized view of the
transportation function and provide a base from which continuous
enhancements can be initiated. Some of the important benefits provided
by the use of TMS managed services are improvement in service levels
such as on-time delivery by more than 30%, an increase in transportation
asset utilization by around 10%, and an increase in transportation
capacity by 30%," says Amit Sharma, one of the lead analysts at
Technavio for enterprise
"The global maintenance services market was valued at USD 233 million
in 2016 and is forecast to reach USD 240 million by 2021. Various
companies are looking to reduce the burden of TMS maintenance services
by outsourcing these services to third party companies who specialize in
providing these solutions," says Amit.
Since there are many companies in this market space, the services are
priced competitively. These private, third-party companies have trained
crew who thoroughly understand the business, thus saving training and
procurement costs to the companies availing the maintenance solutions.
Many big and small companies do not have in-house experts to
troubleshoot their front-line technical support. Professional services
firms employ trained experts who provide technical support to such
companies and keep their operations running smoothly without any
glitches. They also provide services to help the companies recover from
unanticipated front-line problems. The analysts at Technavio forecast
this market segment to be valued at USD 205 million by the end of the
market forecast period.
On-premises TMS solutions are a consolidated form of standalone
applications wrapped in a package that supports almost the entire
transportation management business. This market segment is forecast to
be valued at USD 152 million by 2021. This TMS segment is struggling to
keep up as they still employ the traditional legacy architectural
design, which makes the solution expensive and creates transport
Seeing the decreasing demand for the on-premise solutions, new vendors
created cloud-based TMS solutions based on the SaaS model to cut down
implementation costs, reduce upfront fees, and lower the overall support
effort required by customers. Therefore, the global TMS market by
on-premises software solutions is forecast to grow at a very slow rate
during the forecast period.
The top vendors highlighted by Technavio's research analysts in this
Browse Related Reports:
Become a Technavio
Insights member and access all three of these reports for
a fraction of their original cost. As a Technavio Insights member, you
will have immediate access to new reports as they're published in
addition to all 6,000+ existing reports covering segments like cloud
center, and ITO
and BPO. This subscription nets you thousands in savings, while
staying connected to Technavio's constant transforming research library,
helping you make informed business decisions more efficiently.
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
If you are interested in more information, please contact our media team
View source version on businesswire.com: http://www.businesswire.com/news/home/20161226005043/en/
[ Back To NFVZone's Homepage ]