Transportation Management Systems Market Projection of Each Major Segment over the Forecast Period 2018 - 2030
Global Transportation Management System Market: Overview The global market for transportation management systems stood at US$ 12,249.9 Mn in 2018 . Rising at a healthy CAGR of 14.3% from 2020 to 2030 , the opportunity in this market is likely to touch US$ 59,748.5 Mn by the end of 2030. A transportation management system (TMS) is a subset of supply chain management and is centered mainly on transportation and logistics. Increasing use of cloud computing technologies for managing supply chain activities is one of the major trends prevailing in the transportation management systems market across the globe. Cloud-based deployments generally need less customization and configuration. These two factors are driving down lifecycle costs, making web-based applications much more attractive and appealing to shippers. Retailers across the globe have realized the importance of technology for achieving real-time visi...