The recent growth in the intermodal transportations has been driving the demand for transportation management systems significantly since the last few years. The increased popularity of SaaS-based transportation management systems is also influencing the market for transportation management systems greatly across the world.
On the other hand, the lack of awareness among end users and the high cost associated with installation of transportation management systems are expected to limit their application considerably over the next few years.
Rising Adoption of RFID Technology in Supply Chain Systems to fuel Demand for Transportation Management Systems in North America
North America has been leading the overall market for transportation management systems since the last few years. In 2013, it accounted for more than 50% of this market in terms of revenue. The growing uptake of SaaS-based solutions in North America has been propelling this regional market significantly.
In addition, the rising adoption of RFID technology in supply chain systems is likely to boost the application of transportation management systems in this region in the years to come.
On-demand Systems to Witness Higher Adoption in Near Future
The key types of transportation management systems available across the world are on-demand systems and on-premise systems. In 2013, on-premise solutions witnessed a higher adoption than on-demand systems. However, the demand for on-demand systems is expected to increase significantly over the next few years.
The major players in the global market for transportation management systems are Oracle Corp., Precision Software Inc., 3GTMS Inc., One Network Enterprises, SAP SE, Manhattan Associates Inc., Lean Logistics Inc., Descartes Systems Group Inc., CargoSmart Ltd., and JDA Software Group Inc. These players are mainly focusing on increasing the competence of transportation management systems beyond their conventional features in a bid to support the end users to coordinate efficiently with all their operations in the overall supply chain.
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