Albany, NY -- (SBWIRE) -- 10/24/2018 -- The demand within the global market for transportation management solution has been rising on account of improvements in logistics of various industries and sectors. Transportation management solutions cater to a wide range of services for multiple industries including food and beverages, retail, public transport, and iron and steel. The market players operating in the global market providing transportation solutions have overhauled their business strategies to fit the contemporary-day trends in business. It is also true that the advent of nascent technologies such as Internet of Things (IoT) and automation have proved to be extremely useful for the growth of the global market for transportation management solution. Managing fleets of various companies and organisations is a herculean task that requires pinpoint precision and control. Owing to this factor, the global market for transportation management solution has been attracting the attention of various industries over the padt few years. A report added by Market Research Reports (MRR) puts the spotlight on the factors that have aided the growth of the global market for transportation management solution in recent times.

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A robust transport management system is a prerequisite to maintaining an effective supply chain for companies and manufacturers. Henceforth, companies and organizations, especially the ones that deal in consumer goods, are extensively resorting to the deployment of transportation management solutions. This has not only enabled them in expanding their consumer base but has also ensured safety and security of transported goods. The food and beverages industry has been doing the rounds in the market for transportation management solution due to the need for swift recourse in the former. This factor is projected to take the market demand for transportation management solution to new heights in the years to come. Besides this, the retail sector has also emerged as a key consumer for the global market for transportation management solution, and this propensity shall in turn aid market growth.

On the basis of geography, the market for transportation management solution in North America has been expanding at a boisterous CAGR, majorly due to the emphasis laid on increasing the safety of supply chains in the US and Canada. Furthermore, the regional market has also gained from the robustness of the retail as well as food and beverages industry. The market for transportation management solution in Europe is also expanding at the back of growing retail outlets in the region.

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Some of the key players in the global market for transportation management solution are Descartes System, Manhattan Associates, JDA Software, Oracle, 3GTMS, SAP, Lean Logistics, Cargo Smart, and Precision Software.

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