TMS is used to plan the movement of freight. It helps the customer plan and execute transportation efficiently across the supply chain. It offers a number of services such as strategic planning and optimization, freight consolidation, and freight audit and payment, which helps maximize efficiency and reduce transportation costs. Transportation Management System (TMS) solutions help businesses improve their logistics by reducing transportation costs and improving overall efficiency. In addition, they improve communication between shippers and carriers, enabling them to share information in real time.
Transportation Management Systems market in North America to grow at a CAGR of 5.13% over the period 2014-2019.
About the Report
The latest reports draw attention towards SaaS-based TMS solutions, which continue to gain traction in the market. On-premises deployment of TMS requires high capital, which is detrimental for firms with a low capital base. Hence, vendors are opting for blue ocean scenarios, and have started providing SaaS-based models, where companies pay an annual subscription fee instead of a huge upfront license fee.
“Though data security remains a concern, the demand for SaaS-based TMS is on the rise, as these solutions help reduce labor costs by making use of low manpower on location,”.
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Covered in this Report
The Transportation Management Systems market can be broadly categorized into two segments: Solutions and Services. Based on the type of deployment method, the Solutions segment can be further classified into on-premises software solutions and on-demand solutions, whereas the Services segment can be further categorized into maintenance services and professional services.
Transportation Management Systems Market in North America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape of the Transportation Management Systems market in North America and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Furthermore, the reports emphasize increased use of cloud computing and RFID technology, which has affected the TMS Market in North America. TMS vendors are partnerning with RFID providers to develop integrated solutions and to ensure better returns on R&D investments.
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