Global Managed Transportation Services Market
Global Managed Transportation Services Market is expected to reach US$ XX Bn by 2026 from US$ XX Bn in 2019 at a CAGR of 9.5 % during the forecast period. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Managed Transportation Services Definition:
Managed Transportation Services (MTS) providers consist of planners in a control tower using transportation management system technology who plan and execute loads on behalf of their shipper customers.
Global Managed Transportation Services Market Dynamics:
A company’s transportation spend is one of the largest budgetary items, so finding ways to save money is always a priority. In the supply chain industry, the cost-saving opportunities are endless, but it takes a special skill set to uncover the problems, formulate solutions, and implement changes. Managed Transportation Services providers can remove the budget burden with trained professionals dedicated to finding cost-savings daily, thereby acting as the driving factor for the growth of the Global Managed Transportation Services Market. End-to-end visibility of the goods that are transported is a great asset in terms of increasing customer satisfaction. Also, a driverless transport system that is managed by a TMS improves the business process by reducing traffic congestion and CO2 emissions, thus increasing lane capacity and reducing fuel consumption. Transportation is not only a means of travel but is also a means of business growth. Transportation plays a very useful role in the development of the production sector in a country as well as the service provision so long as supply and demand are a concern. The aim of a customer is to have his or her goods delivered to him or her on time which intends to provide the client satisfaction. The effectiveness of every Supply Chain is built around the carriage of the goods to the customer in time, and on time, just at the time, the customer needs them. Furthermore, it helps to meet the needs of the client as and when they need these services. Effectiveness in timely delivery of goods and services meeting the customer just at the time of need is one of the main factors expected to boost the growth of the Global Managed Transportation Services Market. As local and foreign governments tighten rules and regulations to support increased enforcement activity, the risks of non-compliance and increased fines and penalties are leading companies to reassess trade compliance headcount. Changes to import and export rules and regulations make the search for qualified import and export control professionals more urgent. This environment creates concerns for compliance professionals, which may be held responsible for non-compliance in increasingly strict and complex regulatory systems around the world. In the absence of needed and sufficient skills and expertise, customs and global trade compliance can become a high-pressure job with a heightened danger of noncompliance, which can hamper the growth of the Global Managed Transportation Services Market.
Global Managed Transportation Services Market Segment Analysis:
The report groups the Global Managed Transportation Services Market in different segments by function, industry and region to forecast the revenues and analyze the market share of each segment over the forecast period. To know about the Research Methodology :- Request Free Sample Report Based on Function, the Global Managed Transportation Services Market is segmented into Freight management and Planning and Execution. The Freight Management segment was dominant in 2019 and is expected to command a market share of xx% by 2026. With the use of a transportation management system application freight savings of approximately 8 per cent can be achieved. Of these savings, nearly 60 per cent of users indicated that less than 10 per cent of the net savings were absorbed by the TMS. These freight savings can be attributed to network design, load consolidation, multi-stop route optimization, improved data for procurement, and freight audit. Based on Industry, the Global Managed Transportation Services Market is segmented into Automotive, Electronics and Electrical, Food & Beverage, Retail, Wholesale & Distribution, and Others. The Wholesale & Distribution segment was dominant in 2019 and is expected to command a market share of xx% by 2026. Because of the increasing need for warehousing and storage the need for transportation managed services have increased for better and efficient management of the transportation of goods.
Global Managed Transportation Services Market Regional Insights:
The Asia Pacific is expected to command the largest market share of xx% by 2026
Within the transport sector in Asia and the Pacific, freight and logistics account for a significant portion of total energy use – in many countries upward of 40% – and a correspondingly large share of carbon dioxide (CO2) emissions. Furthermore, on account of economic development and population growth, the region is expected to face substantial increases in trade shares, and thus, freight volumes. Accordingly, some estimates suggest that in Asia, ton-km from surface freight will increase by 261% from 2015 to 2050, accounting for more than two-thirds of all surface freight globally. From an infrastructure perspective alone, the Asia and Pacific region requires a total investment of $126 billion to upgrade the regional transport systems and construct missing links in the identified rail, road, and intermodal network. All these factors have driven the need for Managed Transportation Services in the region. The objective of the report is to present a comprehensive analysis of the Global Managed Transportation Services Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Managed Transportation Services Market dynamics, structure by analyzing the market segments and projects Global Managed Transportation Services Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Managed Transportation Services Market make the report investor’s guide.
Global Managed Transportation Services Market Scope: Inquire before buying
Global Managed Transportation Services Market Key Players:
• Amber Road, Inc. (US) • Aptean (US) • Descartes (Canada) • SAP SE (Germany) • Integration Point, Inc. (US) • Oracle (US • Precision Software (US) • QuestaWeb, Inc. • Livingston International (Canada) • MIQ Logistics (US) • Thomson Reuters (US) • MIC Customs Solutions (Austria)
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