Transportation Management System Market worth USD 17.8 billion by 2025 - MnM

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Transportation Management System (TMS) Market Surge Valuation Of USD 17.8 Billion By 2025: Report by MarketsandMarkets™ Transportation Management System (TMS) Market The report "Transportation Management System (TMS) Market by Component (Solutions and Services), Transportation Mode (Roadways, Railways, Airways, and Maritime), Deployment Type (On-premises and Cloud), Organization Size, Vertical, and Region Global Forecast to 2025 ", is expected to grow from USD 7.7 billion in 2020 to USD 17.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 18.2% during the forecast period. The major factors driving the growth of the TMS industry include Technological advancements in the transportation and logistics industry and exponential growth in the eCommerce industry. Browse 297 market data Tables and 41 Figures spread through 250 Pages and in-depth TOC on "Transportation Management System (TMS) Market by Component (Solutions and Services), Transportation Mode (Roadways, Railways, Airways, and Maritime), Deployment Type (On-premises and Cloud), Organization Size, Vertical, and Region Global Forecast to 2025 " Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=232446179 The large enterprise segment to hold the largest market size during the forecast period The adoption of TMS solutions and services is higher in large enterprises, and the trend is expected to continue during the forecast period. TMS systems offer a single centralized system, with features such as route optimization, carrier tracking, analytics, order management, and account settlement. Hence, large enterprises heavily invest in advanced technologies to increase their overall productivity and efficiency. The demand for flexible, scalable, and convenient services by large enterprises is expected to encourage the market players to come up with newer technologies and innovative solutions. Healthcare and Pharmaceutical to record the fastest growth rate during the forecast period Healthcare enterprises are facing a huge demand due to pandemic. However, supply chain and logistics disruptions across the globe are making it difficult for enterprises to cater to this demand. Geographically dispersed locations, frequent delivery schedules, and coordination specifications, and logistics requirements are affecting internal capabilities and lowering operating margins. Hence, healthcare enterprises are turning to TMS solutions to tackle these challenges. Pharmaceutical goods are highly specialized, sensitive, life-impacting, and thus pharmaceutical transportation needs to be highly performant, secure, and controllable. Considering the nature of pharmaceutical goods, it needs safe handling, packaging, and transporting. It also involves customer-specific documentation and dangerous goods


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