Companies spent over $804 million on Transportation Management Systems (TMS) in 2001, and the market is forecasted to grow to $1.7 billion by 2006, representing a compound annual growth rate (CAGR) of 16.4 percent.
Now that the hype storm surrounding transportation marketplaces has blown over, the surviving TMS suppliers are battling for market leadership. Users have become more demanding, forcing suppliers to expand the scope of their solutions and re-evaluate pricing and deployment models.
ARC defines TMS as “software solutions that facilitate the procurement of transportation services, the short-term planning and optimisation of transportation activities, and the execution of transportation plans.” International trade solutions, parcel shipping applications, and transportation-focused Supply Chain Process Management (SCPM) solutions are also included in the scope of the study
The spotlight is back on execution solutions like TMS, and despite the recent consolidation, the market remains crowded. Rising above the noise and providing quick and significant ROI will be critical for success.
Reproduce with permission from http://www.eyefortransport.com/News Room
