Transportation Management System Market 2027 Emerging Trends | Challenges, Application Scope, Size, Status

Transportation Management System Market size is expected to grow from USD 11.7 billion in 2022 to USD 28.0 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 19.1% during the forecast period according to report published by MarketsandMarkets™. Factors such as the cloud-based SaaS solutions, mergers and acquisitions and the consolidation of top-tier TMS product players with new age/start up solutions, strengthening of bilateral relations between various nations and growth in global trade will drive the market. A TMS with optimization capabilities presents load options and calculates the true profitability of each load as well. This helps the carriers to enhance their profitability and reduce deadline miles.

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By components the services segment to have the highest growth rate during the forecast period

The services segment is expected to have a higher growth rate during the forecast period. The transportation management system market, by service, is segmented into consulting, implementation and integration, and support and maintenance services. The services segment is expected to witness fast growth in the future. The need to ensure the successful deployment of TMS systems without hampering ongoing critical business processes and achieve optimized performance with increased efficiency will drive the services segment.

By transportation mode, the roadways segment to have the highest market share during the forecast period

The roadways segment is expected to have the highest market share during the forecast period. The TMS market is segmented based on transportation mode into four categories: roadways, railways, airways and maritime. The significant growth in the volume of on-road commercial transportation across the world will drive the market. Also, the emergence of autonomous and connected vehicles will further increase in the demand for TMS in the roadway’s transportation mode

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North America region to account for highest market share in transportation management system market

North America is one of the prominent regions the transportation management system market. The region has witnessed the earliest adoption of cloud computing and mobile technologies and has been significantly responsive in adopting TMS solutions and services. Also the regions governments and laws support technological advancements. For instance The U.S. Department of Transportation (DOT) has taken initiatives to advance the adoption and use of emerging practices and technologies for transportation. The presence of prominent TMS vendors in North America will drive the markets growth

Key and innovative vendors in the Transportation Management System Market are Oracle (US), SAP ( Germany), Manhattan Associates (US), C.H. Robinson (US), E2open (US), Trimble (US), WiseTech Global (Australia), Descartes Systems Group (Canada), MercuryGate International (US), Blue Yonder (US), Transplace (US), Alpega Group (Belgium), Worldwide Express (US), Infor (US), Generix Group (France), 3Gtms (US), Shipwell (US), 3T Logistics & Technology Group (UK), Ratelinx (US), oTMS ( China), nShift (UK), BlueRock Logistics (Netherlands), Elemica (US), TESISQUARE (Italy), DDS Logistics ( France), Supplystack (Belgium), vTradEx (China), Shiptify ( France), GlobalTranz (US), InMotion Global (US), MP Objects (US), Logistically (US), One Network Enterprises (US), Envase Technologies (US), IntelliTrans (US), Allotrac (Australia), Revenova (US), Princeton TMX (US), CTSI Global (US) and Ultraship TMS (US)

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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What is the projected market size & growth rate of the Pipeline Network Market?

Pipeline Network Market size to grow from USD 8.5 billion in 2019 to USD 12.3 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period according to report published by MarketsandMarkets. Major growth drivers for the market include the rising demand for oil and gas from developing countries, growing demand for commercial off-the-shelf technology, rising big data and analytics trends, and need for maintaining Quality of Experience and Quality of Service of the overall pipeline transportation.

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By solution, the operation management and control segment to hold the largest market size during the forecast period

Operation management and control solutions remotely monitor pipeline operations and their performance. These solutions follow government regulations and compliance requirements related to the pipeline infrastructure and are integrated with advanced Information and Communications Technology (ICT) technologies to gain real-time control on ongoing pipeline operations. The growing demand for a transparent, real-time view of a complex pipeline operations for effective pipeline transportation is one of the major factors driving the demand for operation management and control solutions in the Pipeline network market.

By pipeline monitoring application, the leak detection segment to hold the largest market size during the forecast period

Pipeline leak detection is one of the major pipeline monitoring applications and is required to inspect cracks, leaks, and holes in the walls of the pipeline infrastructure. Incidents of liquid or gas spill are increasing day-by-day and a huge amount of liquid or gas can be released in the surrounding environment, which is hazardous to animals that live in the vicinity of the accident location. Liquid and gas companies look forward to avoid financial and human losses, due to pipeline leakage accidents; thereby, these companies adopt pipeline leakage management solutions. A growing need to avoid the loss of a significant amount of crude oil and gas due to pipeline leakage is a major growth factor for this segment.

By crude and refined petroleum end-user industry, the natural gas segment to account for the highest market share in 2019

Climate change and a demand for low carbon fuels aids the demand for natural gas across all sectors, especially power generation. An extremely extensive and elaborate transportation system is required for natural gas to be moved from the production end to the consumption end. Transportation systems consist of a complex network of pipelines designed to quickly and efficiently transport natural gas from its origin to areas of high natural gas demand. Hence, the growing demand for natural gas consumption for power generation to drive the demand for pipeline network management solutions in the natural gas end-user industry.

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North America to hold the largest market size during the forecast period

The US and Canada are contributing to the growth of the Pipeline network market in North America. Oil and gas companies, government bodies, and environmental agencies in the region are focused on preventing oil spills and gas leaks, which is one of the important addressable factors as the number of pipelines has increased in the US and Canada. This compels oil and gas companies to adopt pipeline network management solutions. Moreover, the presence of key vendors, such as Honeywell (US), GE (US), Emerson (US), Rockwell Automation (US), Cisco Systems (US), ORBCOMM (US), and Pure Technologies (Canada), in the region drives the growth of the Pipeline network market in North America.

Market Players

Major vendors in the Pipeline network market include Huawei (China), ABB (Switzerland), Siemens (Germany), Hitachi (Japan), Schneider Electric (France), PSI Software (Germany), Honeywell (US), GE (US), Wipro (India), Emerson (US), Cisco Systems (US), Rockwell Automation (US), Moxa (Taiwan), ORBCOMM (US), OptaSense (UK), Pure Technologies (Canada), Necon Group (Qatar), Sensornet (UK), Open Access Technology International (US), and KROHNE Group (Germany).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Mr. Aashish Mehra

MarketsandMarkets™ INC.

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How much was the global Digital Experience Platform market worth in 2022?

Digital Experience Platform Market size is expecting to grow from USD 7.9 billion in 2019 to USD 13.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 12.0% during the forecast period according to report published by MarketsandMarkets. Major factors expected to drive the growth of the Digital Experience Platform Market include help in understanding the immediate needs of the customer, reducing the customer churn rate, growing deployment of cloud-based solutions, and rising demand for big data analytics. The other factors supporting the market growth include the increasing implementation of advanced technologies, such as AI, data analytics, and cloud computing.

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Based on component, services segment to record a higher growth rate than platform segment during the forecast period

Base on component, the services segment is expected to grow at a higher rate than the platform segment during the forecast period. The services segment has a major influence on the DXP market’s growth. The demand for services is increasing with the growing adoption of DXP by enterprises across major verticals. These services assist end users in reducing costs, increasing overall revenues, and improving business performance. With the help of these services, organizations can track, evaluate, and analyze the requirements of their business to make better-informed decisions.

Among services, managed services segment to register a higher growth rate than professional services segment during the forecast period

Among services, the managed services segment is expected to witness a higher growth rate than the professional services segment during the forecast period. Managed services help clients manage their DXP operations on-premises as well as in the cloud. The prime responsibility of the managed services providers is to improve the efficiency of inbound and outbound operations cost-effectively for enterprises.

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North America to account for the largest market size during the forecast period

North America is expected to hold the largest market size during the forecast period. The US has emerged as the largest market for DXPs due to the large-scale implementation of DXPs by organizations and enterprises in the country. The high pace of digital transformation, along with the high growth of Artificial Intelligence (AI) and data analytics, is attributed to the fast growth of the DXP market in the US.

Key and emerging market players include Adobe Systems (US), Oracle (US), SAP (Germany), IBM (US), Microsoft (US), Salesforce (US), OpenText (Canada), SDL (UK), Sitecore (US), Acquia (US), Jahia (Switzerland), Episerver (US), Squiz (Australia), BloomReach (US), Liferay (US), Kentico (Czech Republic), and censhare (Germany). These players have adopted various strategies to grow in the DXP market.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

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Suite 430

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How Low-Code Development Platform Industry Work: All-in-One Development Guide

Low-Code Development Platform Market size is projected to grow from USD 13.2 billion in 2020 to USD 45.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 28.1% during the forecast period according to report published by MarketsandMarkets. The increasing need of digitalization and maturity of agile DevOps practices are expected to enhance the use of low-code development platform market across the globe. The study involved four major activities to estimate the current size of the low-code development platform market.

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Based on organization size, the SMEs segment to lead the market in 2020

Small businesses are expected to witness a higher growth in the adoption of low-code development platform and services. The growing awareness of the benefits of process automation, the increasing focus of governments on digital transformation, and business expansions by global vendors are expected to be the driving factors for the growth of the low-code development platform market. The adoption rate for low-code development platform and services is high in SMEs and is expected to dominate the market, in terms of market size, during the forecast period.

Based on industry, the BFSI to grow at the fastest rate during the forecast period.

The BFSI industry requires low-code development platform and services at a large-scale due to the voluminous information produced across these organizations. Low-code development platform and services helps the BFSI industry in enriching the customer experience using new financial products and services driving the overall market during the forecast period.

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North America to hold the largest market share during the forecast period.

North America has the presence of several prominent market players delivering advanced solutions to all the end users in the regions. Owing to their strong economies, the US and Canada are expected to be major contributors to the growth of the low-code development platform market. Apart from this factor, the geographical presence, strategic investments, partnerships, and significant Research and Development (R&D) activities are contributing to the hefty deployments of market solutions. Key pure play vendors, such as Salesforce, Microsoft, Appian, and Oracle, offer enhanced low-code development platform and services to cater to the needs of customers. Such factors are expected to fuel the growth of the global market in North America.

Market Players

Major vendors offering low-code development platform software include Salesforce (US), Microsoft (US), Appian (US), Oracle (US), Pegasystems (US), Magic Software Enterprises (US), AgilePoint (US), OutSystems (US), Zoho (India), Quick Base (US), LANSA (US), Fujitsu RunMyProcess (France), Netcall (UK), WaveMaker (US), and K2 (US).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

 

The best all-in-one Virtualization Security solution in 2022

Virtualization Security Market size is expected to grow from USD 1.3 billion in 2019 to USD 2.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period according to report published by MarketsandMarkets. The virtualization security solution acts as a barrier to secure perimeter access to a network. It provides dedicated security services and assured traffic isolation within the cloud, along with customizable firewall controls as an additional managed service. Some of the other drivers for this market are the rising incidents of cyberattacks and increase in stringent regulations and compliance requirements. The growth of the global virtualization security market is attributed to the growing need for virtualization security to address privacy requirements and compliance concern driven security spending.

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Virtual Infrastructure protection segment to grow at the highest CAGR during the forecast period

Virtualization security led to an increase in the reliability of virtual network environment and the underlying infrastructure, which is essential for growing cloud services. Virtualization security helps to improve business competitiveness by increasing enterprise business efficiency and user productivity. Virtual Infrastructure protection refers to the security configurations and hybrid appliances in a virtualized environment. With the use of this solution, enterprises can lock down configuration of the hypervisor to prevent access to any unused ports. Moreover, this solution limits the potential risk of attack through the bypass of the management console and direct connection to one of the hypervisors control points. Furthermore, this type of solution provides a central control point for authenticated access to all hypervisor and management control points, and hence, organizations are deploying virtualization security solutions.

Managed services to grow at a higher CAGR during the forecast period

Managed services mostly revolve around the term “outsourcing.” Technologies such as big data analytics, blockchain, and AI are rapidly evolving. Therefore, protecting business-critical applications is getting tougher every day. This task becomes even harder when an organization does not have a dedicated IT security team or experts. However, due to high costs and resource constraints, organizations often outsource this task to MSSPs. The MSSPs offer round-the-clock visibility into the IT infrastructure and provide security assessment and monitoring of applications, systems, and devices. The demand for managed services is on the rise due to growth in large-scale networks and increase in IoT and cloud applications in organizations.

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Asia Pacific to grow at the highest CAGR in the market during the forecast period

The APAC region is expected to experience extensive growth opportunities during the forecast period. With the increasing adoption of cloud technologies, virtualization and the increasing amount of business processes, there has been a significant rise in the adoption of virtualization security solutions and services in this region. Increasing focus and investments in areas such as virtualized environment, quality, and advanced security techniques is set to drive the growth of the virtualization security market. Increasing adoption of virtualization security for cloud-based applications has created a demand for full-fledged virtualization security solutions in the region. The APAC region demonstrates a combination of high growth, developing economies, and mass adoption of BYOD and IoT trends. Thus, this region is estimated to be growing at the fastest CAGR during the forecast period.

Top Key Players:

Various growth strategies have been adopted by the major players to increase their market presence, such as mergers and acquisitions, partnerships and collaborations, business expansions, and product developments. Some of the major technology vendors in the virtualization security market are Trend Micro (Japan), VMware (US), Juniper Networks (US), Fortinet (US), Sophos (UK), Cisco (US), IBM (US), Centrify (US), HyTrust (US), Check Point (srael), Tripwire (US), HPE (US), Dell EMC (US), Intel (US), CA Technologies (US), Symantec (US), StrataCloud (US), ESET (Slovakia), McAfee (US), and Huawei (China).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441