MarketsandMarkets recently conducted a study on the Transportation Management Market [Transportation Management Systems, Fleet Management Solutions, Freight Audit & Payment, Route Planning & Optimisation, Managed Services, Business Services] - Global Advancements Market Forecasts and Analysis (2014 - 2019), which analysed and studied the major market drivers, restraints, and opportunities in North America, Europe, Middle East and Africa, Asia Pacific (including Japan), and Latin America.
The study report
The study reports that the global transportation management market is expected to grow from US$8.31 billion in 2014 to US$14.85 billion by 2019, at an estimated compound annual growth rate (CAGR) of 12.3 per cent from 2014 to 2019.
Increase in the international trade, globalisation, and ever-growing population is demanding a greater efficiency in transportation and logistics activities to fulfil 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 systems (TMS), fleet management solutions and connectivity solutions which aid in managing the transportation activities effectively and efficiently.
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 report also draws the competitive landscape of the transportation management market, providing an in-depth comparative analysis of the technological and marketing strategies that the key players are adopting in order to gain an edge over their competitors. The key strategies followed by most companies in the global transportation management market are development of analytical-based end-to-end TMS solutions, route optimisation solutions, and acquiring relatively small domain expert players. Some of the major players in this market are
