Increasing preference for Software as a Service (SaaS) based TMS solutions is the major factor driving the TMS market sales growth. The increasing demand for SaaS based TMS solutions can be attributed to the growth in intermodal transport across geographies. Furthermore, the need for replacing and updating existing traditional TMS solutions is expected to support the demand for advanced transportation management solutions.

However, lack of awareness among end-users coupled with high deployment cost is the major inhibitor to the growth of the market. Integration of cloud computing and Radio Frequency Identification (RFID) technologies with supply chain management systems offer healthy opportunities for the growth of Transportation Management Systems Market over the forecast period. Integration of cloud computing technologies has ensured limited capital expense, low total cost of ownership, and greater real-time visibility across the supply chain operations.

TMS market was dominated by on-premise solutions accounting for majority of the market share in 2013. Over the forecast period between 2014 and 2022, on-premise solutions are expected to exhibit moderate growth rate and are expected to be outpaced by on-demand solutions.

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Growing preference for SaaS-based solutions owing to the benefits such as greater visibility and high level of collaboration among supply chain participants is expected to drive the demand for on-demand software solutions. In terms of end-use applications, the TMS market was dominated by transportation and logistics vertical, accounting for over half of the market revenue in 2013.