Information Communication and Technology Reports TMS Market Research Report 2022 | Page 2

The roadways segment is anticipated to account for larger market size, as compared to the railways segment,
during the forecast period. Roadways enable logistics companies to reduce their cartage, loading, and unloading
expenses significantly. Moreover, they are used for short-distance transportation and ideal for moving small
quantities of goods to widely dispersed markets. The use of Information and Communication Technology (ICT) in
the transportation management system has witnessed considerable advancements through cellular, Wi-Fi, Radio
Frequency Identification (RFID), and Near Field Communication (NFC) technologies. The use of such technologies in
the transportation management system would, in turn, result in market growth.
Asia Pacific to grow at the highest CAGR during the forecast period
Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period. The region is involved in
rapid deployment of interactive technologies, due to the growing use of cellular devices and rapid proliferation of
the internet. The ongoing smart city projects across countries in APAC is expected to show significant growth
opportunities in the transportation management system market, thus opening new avenues to the market growth.
The implementation of transportation management solutions helps organizations in maintaining and managing
their distribution networks and supply chains and in reducing expenses and increasing profitability, leading to
market growth.
Browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/transportation-
management-market-232446179.html
Key Target Audience for Transportation Management System Market
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Government agencies
Transportation management system solutions/services vendors
Application developers
Information Technology (IT) managers
System integrators
Managed networking solution providers
Application end-users
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