The growth of the market for   Transport Management Solution is driven by the increasing demand of digitalization in transportation

The Transport Management Solution Market is forecast to grow from USD 82.40 billion in 2020 to USD 285.47 Billion by 2028, at a CAGR of 11.24%, during the forecast period.

The Transport Management Solution Market is forecast to show significant growth due to the increase in implementation of IoT and rising need for digitalization in transport solutions.

Transport management solution (TMS) is solution which provide solution to help companies to perform operation more reliably, efficiently and cost effectively. It is a part of both supply chain management and resource management. In order to monitor and manage the business, Most of the enterprises use Transport management solution software.

Major factors providing impetus to revenue growth of the global ICT market are increasing penetration of mobile devices such as smartphones, tablets, and smart watches, increased affordability and accessibility of the Internet for people worldwide, and rapid digitalization across various industrial sectors including banking finance, telecommunications, education, healthcare, automotive, buildings construction, agriculture, power energy, and oil gas. Other key factors expected to contribute to the global market revenue growth are rapid adoption of emerging technologies such as AI, machine learning, big data analytics, Internet of Things (IoT), and cloud computing in a wide range of industries, emergence of the 5G technology, rising demand for advanced Wi-Fi solutions, increasing need for faster Internet services, and growing concerns about user data safety and privacy.  

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Table of Contents:

Chapter 1. Methodology Sources

1.1. Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

       1.4.1. Primary Sources

       1.4.2. Secondary Sources

       1.4.3. Paid Sources

1.5. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2020-2030

Chapter 3. Key Insights

Chapter 4. Global Pharma Healthcare Market Segmentation 

4.1. Global Pharma Healthcare Market COVID-19 Impact Analysis

4.2. Industrial Outlook

       4.2.1. Market indicators analysis

       4.2.2. Market drivers’ analysis

       4.2.3. Market restraints analysis

 4.3. Technological Insights

 4.4. Porter’s Five Forces Analysis

 4.5. Regulatory Framework

 4.6. Price trend Analysis

 4.7. Competitive Metric Space Analysis

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Key Regional Markets Covered in the Report:

• North America (U.S., Canada, Mexico)
• Europe (U.K., Italy, Germany, Spain, France, BENELUX, Rest of Europe)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

Top 10 Companies Operating in the Global Transport Management Solution Market:

BluJay Solutions (Greater Manchester, UK), Oracle Corporation (California, US), CTSI-Global (Tennessee, US), Metro Infrasys Private Limited (New Delhi, India), JDA Software, Inc. (Arizona, US), MercuryGate International, Inc. (North Carolina, US), Inet-Logistics GMBH (Dornbrin, Austria), TMW Solutions, Inc. (Ohio, US), SAP SE (Walldorf, Germany) and Descartes (Waterloo, Ontario)

Further key findings from the report suggest

• The Transport Management Solution Market is forecast to grow from USD 82.40 billion in 2020 to USD 285.47 Billion by 2028, at a CAGR of 11.24 %, during the forecast period.
• The Transport Management Solution Market is forecast to show significant growth due to the increase in implementation of IoT and rising need for digitalization in transport solutions.
• Based on Management, the market can be divided as Traffic management and Operations management. The traffic management segment is estimated to grow at the highest CAGR of 11.64% during the forecast period. The various methods of traffic management segment reduce the network monitoring costs while improving the control and flexibility.
• As Transportation means, the divisions are Roadways and Railways. The roadways segment is estimated to grow higher than the railways segment. Roadways are mostly suitable for moving small quantities of goods to widely spread markets. Roadways are most preferred modes of transportation, especially when traveling short distances. The major concern in this mode of transportation is the delay due to traffic. As major financial loss to transportation companies is because of the congestion due to the increasing number of vehicles.
• Based on Deployment mode, it is divided as Hosted and on premise. The hosted deployment mode is estimated to dominate the market than the on-premises deployment mode as, hosted deployments are affordable in terms of installation and infrastructure costs compared to on-premises deployments. Less maintenance need and cost effectiveness are the other benefits enhance the growth of the hosted deployments segment.
• The Transport Management Solution Marketis segmented across five regions, namely, North America, Asia-Pacific (APAC), Europe, the Middle East and Africa (MEA), and Latin America. APAC is forecast to dominate themarket because of the increasing need for digitalization.

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