The transportation management system (TMS) market share in North America is expected to grow by USD 443.72 million, decelerating at a CAGR of 9.06% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
Transportation Management System (TMS) Market Analysis in North America: View the Free Sample Report
The rise in the number of strategic partnerships is likely to emerge as a key trend in the industrial transportation management system (TMS) market in North America. However, the high initial investment and implementation costs are hindering market growth.
Technavio's report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable marketers to assess their play in the market and plan for growth opportunities.
The market is fragmented due to the presence of several players. American Software Inc., BluJay Solutions Ltd., E2open LLC, Epicor Software Corp., JDA Software Group Inc., Manhattan Associates Inc., Oracle Corp., SAP SE, The Descartes Systems Group Inc., and WiseTech Global Ltd. are some of the major market participants.
The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio custom reports provide market insights at the global and regional levels along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations. Download the Free PDF Sample Report