To assist enterprises in maximizing the value of global supply chains, Oracle Corp. announced additional logistics management features for Oracle Fusion Cloud Supply Chain & Manufacturing (SCM).
The largest, dedicated transportation management system (TMS) provider, MercuryGate International, Inc., has added key intelligence and delivery features to its platform to help customers handle supply chain challenges in a smart, efficient manner.
Increasing need for efficient and cost-effective transportation processes, as well as the integration of advanced technologies such as AI and IoT.
The market size of the transportation management system is anticipated to attain a CAGR of ~12% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are 3GTMS, BluJay Solutions Ltd., MercuryGate International, Inc., Oracle Corp., SAP SE, Cerasis, Inc., inet-logistics GmbH, Infor Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by deployment, component, transportation mode, end-use, and by region.
The cloud segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Complexity of managing a transportation network and lack of standardization in the industry.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.