According the report, Replacement of On-premises TMS to Cloud-Based TMS
is one of the primary growth factors for the market. Growing congestion problems and environmental & safety considerations are driving the demand for freight transportation management system market. Moreover, owing to globalization, companies need to enhance their competitiveness through leanness or agility.
is also expected to contribute significantly to the Freight Transportation Management System market. Overall, Freight Management
applications of Freight Transportation Management System, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Freight Transportation Management System market identified that the demand is rising in many different parts of the world as "Technological Innovations Such As IoT Fleet Monitoring, Adaptive Intelligence and Machine Learning, Blockchain, and Cold Chain Management
". Furthermore, some recent industry insights like "On January 8, 2020, Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, has announced that Jackson, MI-based Automated Logistics Systems (ALS), is improving real-time shipment visibility and operating efficiency through the Descartes MacroPoint solution." is constantly making the industry dynamic. One of the challenges that industry facing is "Integration with Other System and Software’s"
The Enterprise Size, such as Large Enterprises, is boosting the Freight Transportation Management System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Industry Vertical, such as Aerospace and Defence, is boosting the Freight Transportation Management System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Deployment, such as On-premises, is boosting the Freight Transportation Management System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Mode of Transport, such as Rail Freight, is boosting the Freight Transportation Management System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Component, such as Software (Stand-alone Software, and as Modules), is boosting the Freight Transportation Management System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End User, such as Manufacturers, is boosting the Freight Transportation Management System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Freight Transportation Management System market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Freight Transportation Management System market and other related sub-markets covered in the study.
o Key & emerging players in the Freight Transportation Management System market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Freight Transportation Management System market size is calculated using market estimation process, the Freight Transportation Management System market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Freight Transportation Management System market size has been validated using both top-down and bottom-up approaches.