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Government Cloud Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2026

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 Government Cloud Market Overview

The market for Government Cloud is forecast to reach $42.3 billion by 2025, growing at a CAGR of 13.9% from 2020 to 2025. Factors such as growth of digital services across government agencies, easier access from remote endpoints, and the need for regulatory enforcement drive government cloud market growth across the globe. In the form of user logs, public policy, and systems, central and state governments have vast volumes of data. Therefore, it becomes critically necessary for the government to have a strong and reliable storage option to provide all on demand services, hence driving the market growth during the forecast period 2020 – 2025.


Report Coverage
The report: “Government Cloud Market– Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Government Cloud Market. 
By Type – Solutions(Cloud Storage, Disaster Recovery, Identity & Access Management, Risk & Compliance Management, Others), Services (Support & Maintenance, Integration & Migration).
By Model – Software as A Service, Platform as A Service, Infrastructure as A Service.
By Deployment Model – Public Cloud, Private Cloud, Hybrid Cloud.
By Geography - North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa).

Key Takeaways
  • By Type, the services segment is expected to grow at the highest rate of around 17.4% during the forecast period as it facilitates reduced costs and business efficiency which causes government service organizations to shift into a cloud world.
  • Government Cloud Market is dominated by APAC with a share of 38% in 2019 due to ever increasing need of maintaining large volumes of government data.
  • The government cloud provides greater computing capabilities when implementing disaster recovery solutions, as it enables government agencies to configure customized settings for backup, with regards to the data and application types, sequence, and backup location, thereby propelling the market growth.
  • Varying structure of regulatory policies is affecting the implementation of government cloud in various countries hence hindering the market growth.
Type - Segment Analysis
The Government Cloud Market is segmented into solutions and services by type. By Type, the services segment is expected to grow at the highest rate of around 17.4% during the forecast period. The main driving forces are reducing costs, business efficiency, and business sustainability through a policy-driven and software-defined environment, which causes government service organizations to shift into a cloud world. These services help in educating government employees about the strategic transformation, business assessment, solution assessment, ROI among others. The benefits offered by education services are rapid adoption of updated technologies, improved individual and team productivity, and increased returns on software investments.
 
Model - Segment Analysis
The Government's cloud sector is segmented into SaaS, PaaS, and IaaS based on business models. These service models are used over the internet to deploy applications, platform, and infrastructure. By model, the IaaS service model held the largest market share of around 47% in 2019 as it provides the capability to transfer work to the cloud at the time of peak demand for on-premises systems. This helps users save their capital resource which may get used for other purposes. IaaS enables and helps government agencies understand their cost savings and efficiencies, while modernizing and improving their IT infrastructure with minimal capital resources.

 
Geography - Segment Analysis
Global Government Cloud Market is dominated by APAC with a share of 38% in 2019. Asia-Pacific is in the middle of a transformation powered by cloud technologies. The increasing proliferation of smartphones and tablets is forcing major corporations to set up their Asia-Pacific cloud data centre. The governments in Australia and Singapore see cloud services as an opportunity to improve government service delivery outcomes by eliminating redundancy, increasing agility, and providing information and communication technology (ICT) services at a cheaper cost. Moreover, the Government of India has implemented a number of ICT initiatives under the National e-Governance Plan (NeGP), including the creation of ICT infrastructure both at the center and state levels. The infrastructure, thus, created is providing the basis for the adoption of cloud computing for the government with the objective of making optimum use of existing infrastructure, re-use of applications, efficient service delivery to the citizens, and increasing the number of e-transactions in the country, as a result, helping achieve the ultimate goal of NeGP.
 
Drivers – Government Cloud Market
  • Greater storage and computing capabilities
Federal agencies and other government entities worldwide recognize the value of managing and monitoring cloud data for purposes of continuity and enforcement. The Government cloud allows these organizations to safely and efficiently handle and store their data. This results in enhanced and unified teams that can handle bigger projects at an effective cost. Cloud hosting services can be advantageous for government agencies and other small departments. These facilities can be leased as much as required for the needs of processing power and data storage. This saves the efforts for procuring one-time cost to for the servers and manage the ongoing costs to maintain the costly data centres. Furthermore, the government cloud provides greater computing capabilities when implementing disaster recovery solutions, as it enables government agencies to configure customized settings for backup, with regards to the data and application types, sequence, and backup location.
  • Increasing adoption of IAM (Identity & Access Management)
Managing and securing multiple accounts growing the cloud is rising with rapid industrialization. This has resulted in increased IAM solutions being implemented. Earlier, IAM was regarded by companies as a capital investment that was bought and introduced on premises. The successful implementation of IAM projects involved a large cost structure, which took months of intensive research. The pattern is now continuously evolving, however, due to the growing cloud market. Implementing and accessing cloud-based IAM software and services has become simpler because of the minimal capital needed for activation and the less time spent on implementation. With the growth of SMEs, the adoption of cloud IAM solutions across organizations has also increased.

Challenges – Government Cloud Market
  • Fluctuating structure of the regulatory policies
Regulatory strategies differ across countries, and from organization to organization. There is not a consigned entity in many countries to control such policies. The policies must therefore be controlled and enforced taking into account the regional factors, such as macroeconomic risk factors, as well as the business needs. Organizations have begun introducing risk and compliance approaches along with approaches to audit management to help address this restriction. The complexity of the evolving regulatory policies and the shifting macroeconomic conditions make it difficult for vendors to meet the requirements of government agencies. Some organizations, especially in the regions where there are no proper governing and regulatory bodies, tend to implement in-house regulatory guidelines and policies.

Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Government Cloud Market. Government Cloud driver market is expected to be dominated by major companies such as AWS (US), Microsoft (US), IBM (US), Google (US), HPE (US), Oracle (US), Salesforce (US), Cisco Systems (US), Dell Technologies (US), VMware (US), Verizon (US), CGI Group (Canada), AT&T (US), SAP (Germany), NetApp (US), Informatica (US), Huddle (UK), Capgemini (France), CenturyLink (US), Citrix (US), Equinix (US), Fujitsu (Japan), NTT DATA (Japan), Red Hat (US), and NEC (Japan) among others.


Acquisitions/Technology Launches/Partnerships
  • In April 2019, U.S. government has planned to sign a $10 billion military cloud contract called JEDI (Joint Enterprise Defense Infrastructure). This contract is aimed to upgrade legacy systems with newer cloud services. According to the original proposal, JEDI Cloud will provide enterprise-level, commercial IaaS and PaaS to the Department and any mission partners for all Department business and mission operations.
  • In November 2018, Amazon Web Services has expanded its global footprint by establishing a new region of interconnected data centers specifically for the US government and its various contractors. This initiative has been taken following the launch of Amazon’s first West Coast government cloud region in 2011.

Location: United States

Data-Centric Security Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2020-2025

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Data-Centric Security Market Overview

Data-Centric Security Market is expected to reach $7.3 billion by 2025 at a CAGR of 23.5% during the forecast period 2020-2025. The demand for data-centric security solutions is expected to be majorly driven by the stringent compliances and regulations pertaining to data-centric security. In addition, data security governance and exploitation of trending technologies such as big data, machine learning, and artificial intelligence are expected to boost the adoption of data-centric security in the forecast period. Moreover, rising investments by companies for innovation in this technology is also analyzed to drive the market in the forecast period 2020-2025.

Data-Centric Security Market Report Coverage

The report: “Data-Centric Security Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Data-Centric Security market
By Solutions: Data Protection, Data Governance, Data Auditing, Others 
By Services: Professional Services (Support and Maintenance, Training and Education, Planning and Consulting), Managed Services
By Deployment Type: On-Premises, Cloud
By Organization Size: Small & Medium-Sized Enterprises, Large Enterprises
By Industry Vertical: Banking, Financial Services, and Insurance, Government and Defense, Telecom and IT, Retail, Healthcare, Manufacturing, Energy and Utilities, Others
By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa)

Key Takeaways

  • North America dominated the market by a market share of more than 34.5% in 2019, owing to Increasing of cyber-attacks, government data protection regulations, and proliferation of the adoption of cloud-based platforms. 
  • Data-Centric Approach in Retail Sector is growing at a CAGR of 25.2% in the forecast period. Owing to the need to audit and protect critical consumer data stored in databases, files, and cloud. 
  • Data-Centric Security in E-commerce segment is growing at a CAGR of 22.71% in the forecast period. With the increased growth and acceptance across the globe, several companies need to ensure a high-end shopping experience by updating their homepage, current content, trends, and improve search engine optimization to offer their customers better visibility.
  • Data-Centric Security top 10 companies include IBM, Avepoint, Bluetalon, Dataguise, Datiphy, Imperva, Informatica, Micro Focus, Nextlabs, Oracle, Protegrity among others.

Data-Centric Security Market Segment Analysis - By Deployment 

Cloud deployment is growing at a highest CAGR of 25.5% in the forecast period owing to its operational flexibility and real-time deployment ease to companies than on-premises deployment. It also offers numerous benefits, including reduced operational costs, simple deployment process, and higher scalability in terms of connected resources. Additionally, the cost-effective cloud-based solutions ease installation when compared to the on-premises solutions. The highest level of data security and reliability offered by the cloud deployment are increasing the share of this deployment in the forecast period. Moreover, cloud deployment in data-centric security emphasizes the security of the data itself rather than the security of networks, servers, or applications. In addition, Data-centric security in cloud deployment is evolving rapidly as enterprises increasingly rely on digital information to run their business and big data projects become mainstream. Hence these benefits are analyzed to drive the market growth in the forecast period 2020-2025.

Data-Centric Security Market Segment Analysis - By Industry Vertical

Data-Centric Approach in Retail Sector is growing at a CAGR of 25.2% in the forecast period. Owing to the need to audit and protect critical consumer data stored in databases, files, and cloud. The increasing use of mobile devices, which have a direct access link to a customer’s confidential information, rise data theft and data loss concerns among retailers. Hence, retailers are adopting comprehensive data-centric security solutions, as data risk is present at all levels, from various transactions to the confidentiality of personal information of customers and employees. In addition several companies have been providing advanced solutions in retail security. For instance, Comforte’s Data-centric security protects every bit of customer data and also provides visibility in building brand reputation. Similarly companies such as IBM, Datiphy, and so on have been providing advanced solutions in the forecast period 2020-2025.

Data-Centric Security Market Segment Analysis - By Geography

North America dominated the market by a market share of more than 34.5% in 2019, owing to Increasing of cyber-attacks, government data protection regulations, and proliferation of the adoption of cloud-based platforms. Furthermore, organizations have invested significantly in technologies pertaining to data-centric security to gain a competitive advantage and improve the business operations. In 2018, RFA and Seclore has announced Strategic Partnership to Deliver Data-Centric Security to Hedge Funds. Similarly, in 2019, U.S. based BlueTalon Data-Centric Security platform has enabled leading enterprises to deploy precise, consistent, and dynamic user access controls across Hadoop, RDBMS and Big Data environments whether on-premises or in the cloud. Hence these advancements are analyzed to drive the market in the forecast period 2020-2025.

Data-Centric Security Market Segment Analysis Drivers

Rapidly Growing IoT to Fuel the Growth of the Dcap Market 

Rapid growth of urbanization across the globe is changing the way of using devices and things present in the technological environment. The growing trend of internet-enabled devices and rising need of internet connectivity are some of the major factors which are anticipated the positive growth of data-centric security globally. In addition technological advancements in devices which are much smarter than the conventional and heavy devices. Rapid advancements in manufacturing, electronics and IT sectors across the globe are gaining traction from consumers which in turn intensified the demand for internet of things (IoT). Increasing usage of internet along with rising penetration of smart phone users around the world is one of the prime factors behind the positive growth of this industry. As data centric security services is used for reducing various threats, hence the growing demand for IoT is analysed to drive the market in the forecast period 2020-2025.

Advancements in Data Centric Security.

Advancements in Data-centric security is analysed to drive the market. Several companies have been investing heavily for the innovation in data centric security. These companies are focusing on security of data based on context, value and compliance controls surrounding the data being secured. In 2018, Seclore, the solution provider for securing and auditing enterprise data, has established the new standard in ease-of-use with the launch of a complete agent-less data-centric security solution. Similarly, Ericsson has introduced industrialized data-centric security which provides customers with a unique approach to cyber security using continuous and real-time verification of system, network, and data integrity. In 2020, QuoLab Technologies has entered the market with a collaborative, data-centric security operations platform. Hence these advancements are analysed to drive the market in the forecast period 2020-2025.

Data-Centric Security Market Challenges

Traffic Barrier while using Mobile Devices

Although data centric security is growing at a rapid phase, lack of Technical Expertise among Enterprise Workforce is a big threat for data centric security which is going to hamper the market growth in the forecast period. Moreover availability of open source data protection software also hampers the growth of security service providers who provide security as a service to end clients. Hence this challenges hamper the market growth in the forecast period 2020-2025.

Market Landscape

Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Data-Centric Security market. In 2019, the market of Data-Centric Security industry outlook has been fragmented by several companies.  Data-Centric Security top 10 companies include IBM, Avepoint, Bluetalon, Dataguise, Datiphy, Imperva, Informatica, Micro Focus, Nextlabs, Oracle, Protegrity among others.

Acquisitions/Technology Launches

  • In 2018, Seclore, the solution provider for securing and auditing enterprise data, has established the new standard in ease-of-use with the launch of a complete agent-less data-centric security solution.

Location: United States

CDN Security Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2026

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 Overview

Content Delivery Network (CDN) Security market is expected to reach $8.85 billion by 2025 at a CAGR of 26.2% during the forecast period 2020-2025. With the rapidly changing IT infrastructure, hackers are finding new ways of stealing valuable information and disrupting businesses by surpassing digital security walls. Credential theft cases are also increasing due to an increasing dependency on websites and web applications for critical purposes including transactions, purchases, and other related activities. According to the report given by Verizon, Credential thefts, social attacks accounted for over 67% data breaches. Increased data breaches has encouraged the organizations to adopt high-security solutions, such as CDN security. Moreover, vendors in the global CDN security market are introducing solutions for advanced threats such as DDoS, which is expected to drive the market growth during the forecast period 2020-2025.


Report Coverage
The report: “Content Delivery Network Security Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the CDN Security market

By Type: DDoS Protection, Web Application Firewall, Bot Mitigation & Screen Scraping Protection, Data Security, DNS Protection, others
By Enterprise: Small & Medium-Sized Enterprises, Large Enterprises
By Vertical: Media & Entertainment, and Gaming, E-Commerce, Retail & Consumer Goods, Banking, Financial Services & Insurance (BFSI), Public Sector, Education and Travel & Tourism, Others
By Geography: North America, South America, Europe, APAC, and RoW 

Key Takeaways
  • North America dominated the market by a market share of more than 33.5% in 2019. Early adoption of advanced technologies, growing dominance of popular social media and OTT platforms like Facebook, Twitter, Instagram, Netflix, Amazon prime and many other has brought significant demand for CDN security in the forecast period.
  • DNS Protection is growing at a highest CAGR of 30.2% in the forecast period. The significant demand for DNS protection from various verticals such as e-commerce websites and government agencies in order to protect from rising security threats.
  • Content Delivery Network Security in Media & Entertainment segment is growing at a CAGR of 32.27% in the forecast period. The voluminous increase in the amount of data generated by media and entertainment firms has created a need for reliable Content Delivery Network security solutions.
  • CDN Security top 10 companies include Amazon Web Services, Arbor Networks, Cachenetworks, CDNetworks, Chinacache, Cloudflare, Distil Networks, Fastly, Imperva Incapsula among others.


By Solution- Segment Analysis 
DNS Protection is growing at a highest CAGR of 30.2% in the forecast period. The significant demand for DNS protection from various verticals such as e-commerce websites and government agencies, rising security threats due to the complexity of DNS and the demand for DNS protection as an essential security measure in CDN security are major factors supporting the high growth of the DNS protection segment. In addition, many modern enterprises are often vulnerable to DNS server security risks as they only use a couple of DNS servers. As a result, this may leave them incapable of protecting against volumetric attacks, whereby large amounts of traffic to a website may cause servers to preventing users from finding the website. Hence with the help of DNS protection system enterprises can prevent from these attacks. Hence these benefits are analysed to drive the market in the forecast period 2020-2025.

By Industry Vertical - Segment Analysis
Content Delivery Network Security in Media & Entertainment segment is growing at a CAGR of 32.27% in the forecast period. Increased live streamed content, rising adoption of cloud-based video streaming solutions, and upsurge in demand for online videos in developing economies which are set to drive the growth of the Media and Entertainment market. The voluminous increase in the amount of data generated by media and entertainment firms has created a need for reliable Content Delivery Network security solutions. In addition, the media and entertainment segment is utilizing full capabilities of CDN security solutions as it empowers the media and entertainment companies to secure the strong delivery of content and services. The advanced solutions give end-to-end process skills that eliminates the necessity for involving multiple security vendors at totally different levels. Hence these benefits are analyzed to drive the market in the forecast period 2020-2025.

By Geography - Segment Analysis
North America dominated the market by a market share of more than 33.5% in 2019, early adoption of advanced technologies, growing dominance of popular social media and OTT platforms like Facebook, Twitter, Instagram, Netflix, Amazon prime and many others has been rising in this region. In addition, due to availability of low cost bandwidth in different forms of video formats, CDN Security faces huge demand in this region. In addition to this huge number of developments in the form of acquisitions, partnerships and launches have been driving the market in this region. In addition, iincreasing innovations in technologies through R&D, rise in deployment of the cloud CDN solutions, digital connectivity, and cyber-attacks are the key factors responsible for the deployment of CDN security in the North American region. Moreover, presence of key companies, such as Arbor Networks, Cachenetworks and CDNetworks in this region is also fueling the CDN security market during the forecast period. Hence these developments are analyzed to drive the market in the forecast period 2020-2025.

Drivers – CDN Security Market
  • Increasing Demand for Cloud-based Services 
Outbreak of Corona Virus has pushed a majority of the IT enterprises to adopt the work from home model. IT and ITES enterprises have enabled mobile workforce, adopting enterprise mobility tools & services. Thus, there is an increased demand for cloud communication and collaboration services across the globe. Digital productivity and collaboration tool providers such as Microsoft and Zoom are witnessing massive upticks in usage across China, Italy, and the US because of coronavirus. Therefore, there will be continuous growth in the demand for cloud infrastructure services and spending on specialized software, communications equipment, and telecom services. With the increased demand for Cloud services, Companies are investing heavily in deploying CDN Security solutions, hence the demand for these services increases in the forecast period 2020-2025.
  • Increasing Instances of DDoS and Application Layer Security Attacks
 The rapid adoption of emerging technologies is greatly increasing efficiency while adding dynamic cybersecurity challenges for organizations. Cyber-attacks have moved beyond identity theft. Cloud based technology continues to adapt and evolve cybersecurity threats and instances of DDoS and Application Layer Security Attacks are increasing at highest rate. With these increased instances of security attacks institutions, organizations are investing heavily in deploying CDN security Solutions. Hence increased instances of DDoS and other security attacks are analyzed drive the market for CDN Security in the forecast period 2020-2025.  

Challenges – CDN Security Market
  • High Operational Costs Related to CDN Security
Although CDN Security Services are growing at significant rate high operational cost associated with these security solutions are analyzed to hamper the market growth. These high operational cost are due to Network deployment features, improved online security posture and so on. Hence these high operational costs are analyzed to hamper the market growth in the forecast period 2020-2025.


Market Landscape
Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the LATAM LMS-Frontline worker training market. In 2019, the market of CDN Security industry outlook has been fragmented by several companies. CDN Security top 10 companies include Amazon Web Services, Arbor Networks, Cachenetworks, CDNetworks, Chinacache, Cloudflare, Distil Networks, Fastly, Imperva Incapsula among others.

Acquisitions/Technology Launches
  • January 2019 - Akamai Technologies, Inc., announced the completion of the acquisition of Janrain, Inc. With this acquisition, the company has planned to offer critical complementary capability to provide immediate security benefits to CIAM customers.

Location: United States

Transportation Management System Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2026

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Transportation Management System Market Overview

Transportation Management System (TMS) Market size was valued at $8.9 billion in 2020, and it is estimated to grow at a CAGR of 17.6% during 2021-2026. The growth of the TMS system is attributed to adoption of advanced technologies such as IoT, machine learning, artificial intelligence and others. Trucking software assists in managing the supply chain management in trucking logistics industry. Increasing investments on transportation and logistics software solutions is estimated to propel the transportation management industry during forecast period 2020-2025. Apart from time, traffic congestion upsurges carbon footprints of an area due to prolonged stationed vehicles, fuel loss, and road fatalities. With both ecological and economic adverse effects pertaining to traffic, TMS system market based on advanced telecommunication and information technology such as GPS and cloud service is gaining traction as an imperative asset for the transportation sector. Ample opportunities from numerous economies aggressively developing their transportation logistics for improved trade routes and transit has driven the trucking software and logistics software thereby driving the transportation management system market


Report Coverage

The report: “Transportation Management System Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Transportation Management System Market.
By Transportation Mode: Roadways, Railways.
By Applications: Retail, Parcel and Package, Mining, Travel and Tourism, Hospital, Public Services and Others.
By Type: Solution, Hardware, Services.
By Deployment: Cloud, On Premises.
By Geography: North America (U.S, Canada, Mexico), South America (Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Australia and Others), and RoW (Middle east and Africa).

Key Takeaways

  • Europe dominates the Transportation Management System market owing to the presence of large number of players.
  • High investments and growing trend of E-commerce sector have been providing ample opportunities to TMS system in transportation and logistics sector.
  • Integration of advanced technologies such as IoT, artificial intelligence with trucking software have been fueling the market growth.
  • High initial cost and lack of skilled people in operating the system is the major challenge of this market.


Transportation Management System Market, By Transportation Mode

Transportation Management System Market, By Transportation Mode
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Transportation Management System Market Segment Analysis – By Deployment

The hosted deployment mode held the major share of 51.5% in 2020 is expected to grow at a higher CAGR during forecast period. As this deployment is less expensive compared to on-premises deployment in terms of implementation and infrastructure costs, there is high adoption of this deployment mode which drives the TMS market. Additionally, the benefits associated with this mode such as low maintenance requirements and cost effectiveness are the factors that drive the market. The advancements in technology coupled with expansion of online business and omni-channel conveyance are driving more shippers to adopt TMS as their management process.

Transportation Management System Market Segment Analysis – By Application

Parking is the fastest growing segment in Event Management Software market and is estimated to grow at a CAGR of 16.5%. There has been increasing adoption of TMS for parking applications owing to government policies in reducing parking problems. Parking problems can be minimized and can be managed efficiently with the operation of TMS and with the interconnection of them with other management systems. This system is also used in parking applications such as collecting information regarding vehicles, demand management, navigation, safety and security of the vehicles and this set to fuel the demand of TMS.

Transportation Management System Market Segment Analysis – By Geography

Europe dominated the Transportation Management System market in 2020 with a share of 37.6%, followed by North America and APAC. Adoption of advanced technologies by European Union (EU) and providing projects to various TMS vendors for upgrading its transportation solutions set to drive the market growth. TMS vendors in Europe focused their applications on offering various shipment execution capabilities and on integrating complex carrier networks. Additionally presence of large number of players has been fueling the market growth in this region.

Transportation Management System Market Drivers

Increasing trend for E-Commerce set to drive the TMS market

With growing trend of E-commerce sector, there is increase in adoption of TMS system in transportation and logistics sector. TMS plays a crucial role in managing customer expectations and keeping fulfillment and delivery costs in update. It also helps customers in leveraging optimization and the utilization of all available modes such as pool distribution, multi-stop truck load TL, and less than truck load (LTL), and to find the most cost-effective way to deliver freight. The adoption of TMS in e-commerce also enable shippers in leveraging all modes of transportation, critical during peak shipping times and through the ongoing capacity crunch. TMS offers E-commerce sector with additional benefits in finding the most cost-effective shipping options. In other words, adoption of TMS has become a single part of an effective transportation and logistics strategy, thereby driving the market.

Adoption of advanced technologies such as internet of things (IoT), artificial intelligence (AI)

There has been increase in adoption of advanced technologies such as machine learning, IoT, artificial intelligence and automation in transportation industry which set to drive the market growth. Transportation companies have been implementing these technologies for various applications such as multi carrier parcel management, 3D load design, and others. The companies also have been partnering with radio frequency identification (RFID) providers in order to develop integrated solutions to enhance operational efficiency by reducing manual inputs and broadcasting signal information regarding location and specifications of the product in transit. Additionally, increasing use of wireless connectivity and smart sensor technologies have been driving the market in order to provide real time information to companies about transport vehicles.

Transportation Management System Market Challenges

High Initial Cost

High initial cost and maintenance cost hamper the growth of transportation management system market. High skilled workforce is required and lack of proper training facilities restrain the market growth. For instance, installing a TMS system set up requires minimum cost of $10,000 and can reach up to $50K. However benefits associated with TMS such as reduction of freight expenses, real time track deliveries increasing efficiency and productivity set to create opportunities for the TMS market.

Transportation Management System Market Landscape

Technology launches, acquisitions and R&D activities are the key strategies adopted by players in the Transportation Management System market. In 2019, the market of Transportation Management System top 10 companies are SAP, Oracle, Manhattan Associates, The Descartes Systems Group Inc, JDA Software Group, Inc, CTSI Global, Trimble Transportation Enterprise Solutions, Inc, BluJay Solutions, MercuryGate International Inc, EFKON GmbH, and among others.

Acquisitions/Technology Launches

  • In March 2019, Trimble Transportation Enterprise Solutions, Inc had launched a new TMT Service Connect module in order to provide its software to more than 4,500 medium and heavy duty service locations which also includes many Original OEM dealers throughout North America. Introduction of new services set to propel the market growth.
  • In July 2019, MercuryGate International, Inc. which is a transportation management solution provider had acquired TranSolutions, Inc., which is a U.S. based company in order to strengthen its business in providing transportation-centric claims management software, thereby driving the transportation management system market share.

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Location: United States
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