- The key vendors in the Global Transportation Management Market are Descartes Systems Group Inc., JDA Software Group Inc., Manhattan Associates Inc., Oracle Corp. and SAP AG.
London, 12 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Hodgkin’s Lymphoma Therapeutics Market 2014-2018. The Global Transportation Management market is expected to grow at a CAGR of 6.67 percent during the forecast period of 2013-2018. One of the emerging trends in the market is the increase in cloud-based on-demand models. Enterprises are adopting low-cost cloud technology to face intense competition, which provides them with a distinct competitive advantage.
Transportation Management System is used to plan freight movements and helps the customer plan and execute transportation across the supply chain through a number of important tools such as strategic planning and optimization, freight consolidation, and freight audit and payment, which helps maximize efficiency and reduce freight costs associated with product shipments.
TMS solutions help businesses improve their logistics operations by reducing freight costs and improving overall freight efficiency. In addition, they help in improving the communication between shippers and carriers, thus enabling them to share information in real time.
“The Global Transportation Management market is characterized by intense competition, consolidation, rapid advances in technology, frequent product innovations, and changes in customer requirements,” says Faisal Ghaus, Vice President of TechNavio Research.
“Most of the revenue of the market comes from supply chain linking logistics, manufacturers, distributors, wholesalers, and retailers, where on-time delivery to customers is a key element of market growth.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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