Transportation
management system software and solution is a tool used by shipping
professionals to detect distribution, warehouse supplies, route possibilities,
prices, and transportation network data points. The shipping manager can grasp
the information and format thanks to the transportation management system,
which aids in making informed decisions for the organisation. Furthermore,
transportation management systems that include cheap prices, high-level
customer service management, improved productivity and efficiency of the
logistic operation, and capability to target logistic initiatives that aid in
business growth serve as market growth drivers.
Furthermore,
the growing adoption of cloud technology, as well as the expanding use of IoT
and big data technologies, give major
potential for the transportation management system market to flourish.
Inadequate IT investment in transportation infrastructure and significant data
security concerns, on the other hand, are two major issues impeding the growth
of the transportation management system market.
Transportation Management Systems
Market Report Highlights
Because of
the continuing digitalization and growth of the e-commerce industry in emerging
nations, the cloud segment is expected to rise at a high rate over the
projected period.
Over the
projection period, the airways segment is expected to increase at a significant
rate.
The desire
for speedy product delivery from incumbents in the retail, e-commerce,
healthcare, and logistics industries is projected to drive the adoption of TMS
for air transportation.
Due to
increased demand for traffic management solutions such as automatic number
plate recognition, signalling, information management, and parking management,
the government organisations segment is expected to rise at a modest rate
throughout the projected period.
Restraint: Growing concerns over data
security
With the
digitization of procedures by shippers, forwarders, transportation providers,
and infrastructure operators, the risks of data exploitation and theft are
increasing. According to a report, the logistics industry could lose $7 billion
in revenue by 2025. Data from businesses may leak across the internet and be
accessed by unauthorised people, posing an increasing threat. TMS, for example,
necessitates a multitenant architecture, in which a single version of the
programme operates on a server shared by a number of customers. Subscribers to
an enterprise may be able to examine the data of competitors in this scenario.
These data security risks involving unauthorised users would jeopardise the
enterprise's data security as well as its competitive business position.
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