Dallas, Texas (PRWEB) August 26, 2014
One major trend anticipated in the market is the increase in cloud-based on-demand models which makes the vendor the IT equivalent of a 3PL provider.
Analysts forecast the Global Transportation Management market to grow at a CAGR of 6.67 percent over the period 2013-2018. According to the report, the growing demand for SaaS-based TMS solutions is one of the major drivers of the Global Transportation Management market. TMS vendors have started providing SaaS models, where an annual subscription fee has to be paid instead of the huge upfront license fees paid in the on-premises model.
A transportation management system (TMS) is mainly used to plan freight movements. TMS helps customers plan and execute transportation across their supply chain. It offers a number of important tools, such as strategic planning and optimization, freight consolidation, and freight audit and payment, which helps to maximize the efficiency and reduce freight costs associated with product shipments. The Global Transportation Management market can be divided into three segments: Planning and Execution Solutions, Fleet Management Solutions, and Niche Solutions, which covers only a part of the entire TMS process. TMS helps in improving communication between shippers and carriers, enabling them to share information in real time.
Covered in this Report
The Global Transportation Management market is characterized by intense competition, consolidation, rapid technological enhancements, frequent product innovations, and changes in customer requirements. This market is experiencing a significant shift from on-premises software solutions to cloud solutions.
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The Global Transportation Management Market 2014-2018 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Transportation Management market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Further, the report states that one of the main challenges that the market faces is the high cost of deployment, preventing enterprises from adopting TMS software. Also, the TMS software has to be regularly upgraded to incorporate recent advances, increasing the cost of the software.
The report recognizes the following companies as the key players in the Global Transportation Management Market: Descartes Systems Group Inc., JDA Software Group Inc., Manhattan Associates Inc., Oracle Corp. and SAP AG.
Other Prominent Vendors in the market are: 3Gtms, Accellos, AcuitiveSolutions, AgileNetwork, Agistix, AljexSoftware, AmberRoad, ArgosSoftware, CargoSmart, Cerasis, Cirrus TMS, CloudLogistics, CT Logistics, CTSI-Global, GTNexus, HighJumpSoftware, IBM, Inet-logistics, Infor, Kewill, LeanLogistics, Logility, MercuryGate, OneNetworkEnterprises, PrecisionSoftware, RoadnetTechnologies, TMWSystems, TransWorks and WoltersKluwerTransport.