Lewes, DE -- (SBWIRE) -- 01/23/2017 -- Report forecast the global transport management system market to grow at a CAGR of 6.87% during the period 2017-2021.

Transport management system (TMS) is a subsection of supply chain management relating to transportation operations. TMS provides a wide variety of functions to optimize and automate transport processes for shippers and logistics service provider. It includes planning, execution, financials (freight payment and cost allocation), and fleet management.

The report covers the present scenario and the growth prospects of the global transport management system market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of transport management solutions including the issue of new licenses, subscriptions, installations, updates, technical support, and software maintenance.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one driver in the market is high ROI and improved process efficiency by implementing TMS solutions. Transportation management systems are mentioned by companies as delivering higher ROI than other supply chain technologies such as order and labor management. Cloud and SaaS deployments of a TMSs have the potential to deliver faster ROI due to low upfront costs and ease of integration. Some quantifiable measurements of value include 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 benefits include greater agility, increased visibility, and lower risks.

Further, the report states that one challenge in the market is high cost associated with deployment of TMS solutions. Upfront costs are the major obstacle to the adoption of TMS solution by SMEs. Many decision makers in SMEs lack the understanding that TMS solutions can improve their business efficiency. They are not able to justify spending on TMS solutions as they consider it a cost center rather than a profit center. Different government organizations, such as CII in India, are pushing for the adoption of cloud by SMEs to help them reduce costs and mitigate the risk of over or under buying equipment, which is a major pain point for CFOs in the allocation of funds to IT departments.

Global Transport Management System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global transport management system market: Descartes, JDA Software, Manhattan Associates, Oracle, and SAP.

Other Prominent Vendors in the market are: 3Gtms, Acuitive?Solutions, Agistix, Aljex?Software, Amber?Road, Argos?Software, Cerasis, Cirrus TMS, Cloud?Logistics, CTSI-Global, GT?Nexus, HighJump?Software, Kewill, LeanLogistics, Logility, MercuryGate, One?Network?Enterprises, Omnitracs, TMW?Systems, and Wolters?Kluwer?Transport Services.

Market driver
- High ROI and improved process efficiency by implementing TMS solutions.
- For a full, detailed list, view our report

Market challenge
- High cost associated with deployment of TMS solutions.
- For a full, detailed list, view our report

Market trend
- SaaS-based TMS solutions continue to gain traction.
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 77 pages and 42 Exhibits "Global Transport Management System Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by solutions and services, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Market challenges, Market trends, Five forces analysis, Vendor landscape, Key vendor analysis, Appendix.

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