The Europe Transportation Management System Market would witness market growth of 16.5% CAGR during the forecast period (2021-2027).
Transportation management systems simplify the shipping process and facilitate the businesses to better manage their transportation activities by land, air or sea. TMS helps to enhance shipping quality, bring down costs, and to get real-time visibility of the supply chain, thereby enhancing the customer experience.
With the help of TMS, companies can effortlessly transfer products from origin to destination in an effective, trustworthy, and cost-effective manner. Generally, the TMS includes two kinds of solutions i.e., planning & execution and fleet management. The focus of planning and execution is on freight movement involving a carrier.
In the region, the Governments are setting up, enhancing, and maintaining progressive laws, norms, and institutional policies to facilitate effective operation of the logistics industry and to develop a healthy competitive landscape. For example, the Freight Transport and Logistics Planning policy of Germany help the country to redefine the logistics industry. Moreover, the governments are formulating supportive policies for the adoption of transportation management systems so that they can bridge the existing gaps in the market.
The Germany market dominated the Europe Manufacturing Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $431.8 million by 2027. The UK market would witness a CAGR of 14.1% during (2021 - 2027). Additionally, The France market is poised to grow a CAGR of 16.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Transportation Management Systems Market Size will Hit $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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