According to a new report by Expert Market Research titled, “Israel Transportation Management Systems Market Share, Size, Report and Forecast 2024-2032″, the Israel transportation management systems market size is being aided by the growing global transportation management systems industry, which is expected to grow at a CAGR of 15% in the forecast period of 2024-2032.
Transportation Management Systems (TMS) are an integral component of supply chain management, primarily designed to plan, execute, and optimise the shipment of goods. They play a crucial role in route planning, freight consolidation, carrier selection, and real-time freight tracking. Given Israel’s strategic position as a nexus for global trade and its dynamic tech-driven economy, TMS solutions are of paramount importance.
Israel, often hailed as the “Startup Nation,” has been at the forefront of technological innovations, and its transportation sector is no exception. As businesses expand and the need for efficient, cost-effective, and timely transportation of goods intensifies, the reliance on advanced TMS solutions is growing exponentially.
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A significant driver of the Israel transportation management systems market growth is the country’s booming e-commerce industry. The surge in online shopping, facilitated by technological advancements and shifting consumer preferences, has necessitated the overhaul of traditional logistics and supply chain structures. TMS solutions, with their capabilities of real-time tracking, optimised route planning, and data analytics, have emerged as pivotal tools for e-commerce logistics.
Furthermore, Israel’s push towards sustainable and eco-friendly transportation solutions is another factor bolstering the Israel transportation management systems market share. Advanced TMS platforms enable companies to reduce carbon footprints by optimising routes, reducing fuel consumption, and minimising empty runs. Given the global and local emphasis on sustainability, this feature of TMS is garnering significant attention.
The country’s rich technological ecosystem, characterised by a plethora of tech startups and innovation hubs, also plays a key role. Local startups are coming up with cutting-edge TMS solutions, embedding features like AI-driven analytics, predictive maintenance, and IoT-enabled tracking. These home-grown innovations, coupled with investments from global tech giants, are further propelling the Israel transportation management systems market demand.
Furthermore, the future seems promising. Continuous advancements in the field of AI, machine learning, and IoT are anticipated to drive the next wave of innovations in TMS. Additionally, governmental support in the form of incentives and favourable regulations for tech startups is likely to boost the market further.
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Market Segmentation
The market can be divided based on component, mode of transportation, deployment mode, and end use.
Market Breakup by Component
• Solution
o Traffic Management
o Operations Management
• Hardware
o Camera
o Sensors
o Others
• Services
Market Breakup by Mode of Transportation
• Roadways
• Railways
• Waterways
• Airways
Market Breakup by Deployment Mode
• Hosted
• On-Premises
Market Breakup by End Use
• Retail and E-commerce
• Manufacturing
• Hospital
• Logistics
• Government Organisation
• Travel and Tourism
• Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Israel transportation management systems market. Some of the major players explored in the report by Expert Market Research are as follows:
• SAP SE
• Oracle Corporation
• DHL International
• BDO Israel
• C&G Logistics Solutions Ltd
• Paragon Logistics Center
• Others
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