NEW YORK, July 14, 2021 /PRNewswire/ — The transportation management system (TMS) market in North America is expected to grow by USD 443.72 million during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the transportation management system (TMS) market in North America in optimistic, probable, and pessimistic forecast scenarios.
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The transportation management system (TMS) market in North America will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
The recovery process involves various phases including:
- Addressing Potential Impacts by Facilitating changes in Process Designs
- Building Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Assessing Impact on Critical IT infrastructure and Software System
Find COVID-19 Insights Right Here
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Global Intelligent Transport System Market – Global intelligent transport system market is segmented by application (traffic management, toll management, automotive and infotainment telematics, public transport, and others) and geography (North America, Europe, APAC, South America, and MEA).
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Global Logistics Services Software Market – Global logistics services software market is segmented by deployment (on-premise and cloud-based) and geography (APAC, North America, Europe, South America, and MEA).
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Major Three Transportation Management System (TMS) Market In North America Participants:
American Software Inc.
The company offers the Transport management system. It is a multi-modal, automated solution, which helps organizations gain control of load planning/optimization, load tendering, carrier selection, shipping, tracking, freight audit, and allocation of inbound and outbound shipments. It provides TMS system through its subsidiary Logility.
BluJay Solutions Ltd.
The company offers solutions such as transportation management and warehouse management for end-users to manage their operations effectively.
The company offers TMS, supply chain management applications, which monitor the inventory, invoice, and others.
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Transportation Management System (TMS) Market in North America 2021-2025: Segmentation
Transportation management system (TMS) market in North America is segmented as below:
The transportation management system (TMS) market in North America is driven by the increasing need for efficient operations. In addition, a rise in the number of strategic partnerships is expected to trigger the transportation management system (TMS) market in North America toward witnessing a CAGR of over 9.06% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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