FutureTrans is following the Transportation Management System (TMS) market trends as the global TMS Market is projected to reach USD 11,367 Million by 2027, registering a CAGR of 9.6% from 2020 to 2027, news provided by Valuates Reports (click to link to release and full report).
What are the major factors driving the growth of transportation management system market?
- Increased demand for efficient transportation solutions
- The e-commerce industry’s rapid growth
- Growing adoption of cloud technologies
- Industry 4.0
“All of these factors are creating the need for better transactional and communication systems that can help capitalize on real time data, aid in easier decisions, and plan & strategize for optimal transportation solutions. A transportation management system can help increase ROI of companies in the transportation industry. TMS in e-commerce enables shippers to use all modes of transportation, which is especially important during peak shipping times and during the ongoing capacity crunch.” – Values Reports
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