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Transportation Management System (TMS) Market Size to Reach at USD 4839 Million by 2025 Expanding at a CAGR of 6.7% | North America Region to Dominate the Global Transport Management Market to Grow Amid COVID-19 Pandemic

Global transport management system market leaders are Oracle, JDA Software Group, EFKON GmbH, Manhattan Associates, Descartes Systems Group, SAP SE, BluJay Solutions, Alpega Group, HighJump, MercuryGate, One Network, QAD Precision, CTSI-GLOBAL, Cargosmart, Next Generation Logistics ORTECH, TMW Systems, Omnitracs LLCPune, India, March 18, 2021 (GLOBE NEWSWIRE) — Market AnalysisAs per Market Research Future (MRFR), the global transportation management system market size is anticipated to expand at a 6.7% CAGR from 2017–2025 (forecast period). Transportation Management System (TMS) helps to make shipping inexpensive and more effective by arranging it into accurate, easy-to-read lists that can then be used easily to make the best possible decisions. The demand for higher agility in transport and logistics operations that allow companies to provide superior customer service is driven largely by digital transformation across the industry. Many companies are adopting a new range of emerging technologies as part of the digital transformation trend, creating unprecedented opportunities for operational efficiency, sustainability, new business models, and richer customer experience. Advanced technologies such as Big Data, the Internet of Things (IoT), and Artificial Intelligence (AI) and their predictive capabilities make transport operations smarter and more effective. For example, AI has enabled back-office automation, predictive operations, intelligent transport assets, and new customer experience models. These emerging technologies are digitizing the entire end-to-end transport process of order management, contracting, delivering, and payment. Digital transformation in the transport sector has proven to be a competitive catalyst for improving the ROI of any company. Consequently, digital innovation from connected warehouses to new autonomous last-mile delivery services has elevated the importance and presence of TMS, making the age-old industry an exciting place to drive change in order to improve society. The continuing digital transformation in the transport sector, which aims to improve production efficiency by promoting innovation and reducing the cost of a variety of business processes, is expected to drive the TMS industry. However, the risks of misuse and theft of data are increasing alongside the digitization of processes by shippers, forwarders, transport companies, and infrastructure operators. According to the study, the logistics industry could have incurred a financial loss of USD 7 billion by 2025. Enterprises have confidential data that must be protected in order to prevent data breaches and fraud since this can affect the credibility of companies. Company data can leak over the Internet and be accessed by unauthorized users, which is a serious concern. For example, TMS needs a multi-tenant architecture in which a single version of the software is operated on a server shared by multiple customers. Here, there is a chance that the customers of the company will be able to access the data of the competitors. These security issues related to the data access by unauthorized users will also jeopardize the data security of the company and the competitive position of the company. According to Hornet Security, the logistics industry is the second most targeted area by attackers. As a result, these concerns about security and privacy increase the level of concern among companies, thus limiting the growth of the TMS market during the forecast period. Get Free Sample PDF Brochure: https://www.marketresearchfuture.com/sample_request/1397 COVID-19 Impact on the Global Transportation Management System MarketThe global transportation management systems (TMS) industry has had a detrimental…