London, 11 February 2015 – TechNavio has new offerings focusing on the transportation IT sector, with the publication of its Transportation Management System (TMS) Market in North America and Global Transportation IT Spending Market reports.
The markets are expected to post CAGRs of 5.13 and 4.26 percent, respectively, through 2019.
About the Report
The latest reports by TechNavio draw attention towards SaaS-based TMS solutions, which continue to gain traction in the market. On-premises deployment of TMS requires high capital, which is detrimental for firms with a low capital base. Hence, vendors are opting for blue ocean scenarios, and have started providing SaaS-based models, where companies pay an annual subscription fee instead of a huge upfront license fee.
“Though data security remains a concern, the demand for SaaS-based TMS is on the rise, as these solutions help reduce labor costs by making use of low manpower on location,” says Faisal Ghaus, Vice President of TechNavio.
Furthermore, the reports emphasize increased use of cloud computing and RFID technology, which has affected the TMS Market in North America. TMS vendors are partnerning with RFID providers to develop integrated solutions and to ensure better returns on R&D investments.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- SaaS-based TMS Solutions Continue to Gain Traction
- For a full detailed list, view our report.
Market Challenges:
- High Cost Associated with Deployment of TMS Solutions
- For a full detailed list, view our report.
Market Trends:
- Increased Use of Cloud Computing and RFID Technology
- For a full detailed list, view our report.
Key Vendors:
- Descartes Systems Group Inc.
- JDA Software Group Inc.
- Manhattan Associates Inc.
- Oracle Corp
Other Prominent Vendors:
- 3Gtms
- Accellos
- Agile Network
- CargoSmart
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