The Asia Pacific Transportation Management System Market would witness market growth of 18.4% CAGR during the forecast period (2021-2027).
The applications of transportation management systems are increasing due to the integration of automation and functions like real-time tracking and growing preference among the shippers to facilitate supply chain optimization and visibility. In addition, the major applications of transportation management systems are industrial, transportation and logistics, retail, and electrical & electronics.
TMS solutions are capable of scaling the business by fulfilling and surpassing the demands of customers for rapid, on-time shipments In addition, the demand for sophisticated transportation management solutions would be driven by the requirement to substitute and upgrade the current and traditional transportation management systems.
Quadrennial Policy Framework for Integrated Logistics of Japan aimed to fulfill the emerging needs of the transportation and distribution industry. In addition, China is a rapidly growing industry in the logistics market. Also, China is a member of WTO (World Trade Organization), APEC (Asia Pacific Economy Corporation), G-20 (Group of Twenty Finance Ministers and Central Bank Governors), or Shanghai Cooperation Organization which are motivating the country to rapidly transform its transportation industry.
The China market dominated the Asia Pacific Logistics Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $381.4 million by 2027. The Japan market is experiencing a CAGR of 18.5% during (2021 - 2027). Additionally, The India market would exhibit a CAGR of 18.5% during (2021 - 2027).
Based on Deployment, the market is segmented into On-premise and Cloud. Based on End Use, the market is segmented into Manufacturing, Logistics, Retail & E-commerce, Government Sector and Others. Based on Mode of Transportation, the market is segmented into Roadways, Railways, Airways and Waterways. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Transportation Management Systems Market is Projected to reach USD 21.08 billion by 2027, at a CAGR of 17.0%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, SAP SE, Descartes Systems Group, Inc., Manhattan Associates, Inc., E2open Parent Holdings, Inc., C.H. Robinson Worldwide, Inc., MercuryGate International (Summit Partners), Blue Yonder, and Infor, Inc. (Koch Industries).
By Deployment
By End Use
By Mode of Transportation
By Country
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