DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/zwh5j7/transportation) has announced the addition of the "Transportation Management System (TMS) Market in North America 2015-2019" report to their offering.
The Transportation Management Systems market in North America to grow at a CAGR of 5.13% over the period 2014-2019
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. 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.
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.
One key trend upcoming in this market is an increase in cloud-based on-demand models. To confront the intense competition, enterprises are adopting low-cost cloud technology, which provides them with a distinct competitive advantage.
According to the report, growing demand for SaaS-based TMS is one of the major drivers of the TMS market in North America. The on-premises deployment of TMS requires high capital, which is challenging for firms with a low capital base. Therefore, TMS vendors have started providing SaaS models, where an annual subscription fee is paid instead of the huge upfront license fee required for the on-premises model.
Further, the report states that one of the main challenges that the market faces is the high cost of deployment, which prevents enterprises from adopting TMS. Companies are hesitant to use it because of the initial paid-up capital. Also, TMS has to be regularly upgraded to incorporate recent advances, increasing the cost of the software.
Key Vendors
- Descartes Systems Group
- JDA Software Group
- Manhattan Associates
- Oracle
- SAP
Other Prominent Vendors
- 3Gtms
- Accellos
- Acuitive Solutions
- Agile Network
- Agistix
- Aljex Software
- Amber Road
- Argos Software
- CargoSmart
- Cerasis
- Cirrus TMS
- Cloud Logistics
- CT Logistics
- CTSI-Global
- GT Nexus
- HighJump Software
- Infor
- Kewill
- LeanLogistics
- Logility
- MercuryGate
- One Network Enterprises
- Precision Software
- Roadnet Technologies
- TMW Systems
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TransWorks
For more information visit http://www.researchandmarkets.com/research/zwh5j7/transportation
