The Latin America, Middle East and Africa Transportation Management System Market would witness market growth of 18.0% CAGR during the forecast period (2021-2027).
The transport management system is included in both supply chain management (SCM) and enterprise resource planning (ERP) suites as a module. Transportation management systems also streamline the shipping process and make it easier for businesses to manage and optimize their transportation operations, whether they are by land, air, or sea.
Digital transformation in the transportation sector has paved the way for companies to improve their Return on Investments (ROI). Hence, a wide adoption of digitalization from connected warehouses to modern mileage delivery services eventually enhances the value and adoption of TMS, transforming the obsolete sector into an attractive place to encourage change in community growth.
In the year 2017, the Ministry of Transportation of Argentina with the help of various shareholders hosted the “Latin America Workshop on Green Freight Programs” in the city of Buenos Aires, Argentina. These programs showcased the government's supportive steps towards data collection, infrastructure, and vehicle technology. In addition, the major objective of the program was to share the efforts and expedite the harmonization of green freight programs in the region. Such programs are supporting that freight is becoming a major part of the discussion for various nations in the region.
The Brazil market dominated the LAMEA Other End use Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $35 million by 2027. The Argentina market is anticipated to grow a CAGR of 22% during (2021 - 2027). Additionally, The UAE market would experience a CAGR of 20.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Transportation Management Systems Market is Predict to reach $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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