Artificial Intelligence
Transportation Management System (TMS) Market Size to Reach at USD 4839 Million by 2025 Expanding at a CAGR of 6.7% | North America Region to Dominate the Global Transport Management Market to Grow Amid COVID-19 Pandemic
Pune, India, March 18, 2021 (GLOBE NEWSWIRE) — Market Analysis Transportation Management System (TMS) helps to make shipping inexpensive and more effective by arranging it into accurate, easy-to-read lists that can then be used easily to make the best possible decisions.
The demand for higher agility in transport and logistics operations that allow companies to provide superior customer service is driven largely by digital transformation across the industry. Many companies are adopting a new range of emerging technologies as part of the digital transformation trend, creating unprecedented opportunities for operational efficiency, sustainability, new business models, and richer customer experience. Advanced technologies such as Big Data, the Internet of Things (IoT), and Artificial Intelligence (AI) and their predictive capabilities make transport operations smarter and more effective. For example, AI has enabled back-office automation, predictive operations, intelligent transport assets, and new customer experience models. These emerging technologies are digitizing the entire end-to-end transport process of order management, contracting, delivering, and payment. Digital transformation in the transport sector has proven to be a competitive catalyst for improving the ROI of any company. Consequently, digital innovation from connected warehouses to new autonomous last-mile delivery services has elevated the importance and presence of TMS, making the age-old industry an exciting place to drive change in order to improve society. The continuing digital transformation in the transport sector, which aims to improve production efficiency by promoting innovation and reducing the cost of a variety of business processes, is expected to drive the TMS industry.
However, the risks of misuse and theft of data are increasing alongside the digitization of processes by shippers, forwarders, transport companies, and infrastructure operators. According to the study, the logistics industry could have incurred a financial loss of USD 7 billion by 2025. Enterprises have confidential data that must be protected in order to prevent data breaches and fraud since this can affect the credibility of companies. Company data can leak over the Internet and be accessed by unauthorized users, which is a serious concern. For example, TMS needs a multi-tenant architecture in which a single version of the software is operated on a server shared by multiple customers. Here, there is a chance that the customers of the company will be able to access the data of the competitors. These security issues related to the data access by unauthorized users will also jeopardize the data security of the company and the competitive position of the company. According to Hornet Security, the logistics industry is the second most targeted area by attackers. As a result, these concerns about security and privacy increase the level of concern among companies, thus limiting the growth of the TMS market during the forecast period.
Get Free Sample PDF Brochure: https://www.marketresearchfuture.com/sample_request/1397 COVID-19 Impact on the Global Transportation Management System Market COVID-19 Impact on Transport Management System Market: Market Segmentation By component, the global transportation management system market has been segregated into solutions, hardware, and services.
Based on deployment, the global transportation management system market has been segregated into on-premise and cloud. Based on industry, the global transportation management system market has been segmented into retail, travel and tourism, healthcare, construction and mining, and others.
Browse In-depth Market Research Report (122 pages) on transportation management Industry: Regional Analysis North America to dominate the global market Ask Your Queries: https://www.marketresearchfuture.com/enquiry/1397 Competitive Landscape Notable Players of The Global Transportation Management Market Are:
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About Market Research Future:
As per Market Research Future (MRFR), the global transportation management system market size is anticipated to expand at a 6.7% CAGR from 2017–2025 (forecast period).
The global transportation management systems (TMS) industry has had a detrimental effect since the coronavirus outbreak in December 2019. The pandemic has led to a number of countries imposing lockdowns and shutting down businesses, with the exception of essential services (allowed with minimal workforce). In recent years, these lockdowns have resulted in a substantial decline in travel and transport. Transport is a critical part of the transport and tourism industry. Companies operating in the sector need to manage their fleets effectively so that they can offer better services to end-users. With the growth of the overall travel & tourism sector, particularly in developing countries, overall competition in the industry is increasing significantly and, in order to compete effectively in the market, companies are investing in strengthening their supply chains and logistics channels by deploying comprehensive transport management systems (TMSs). These travel and tourism companies are primarily looking for TMS solutions that effectively collect real-time data on fleet status and carrier contract management, among other applications. As a consequence, manufacturers operating in the market are expanding their solutions to satisfy the needs of travel and tourism enterprises. The demand for this software is predicted to recover in the coming months as many governments are planning to lift the lockdown. Governments in several countries have issued permission to the majority of businesses to restart operations in compliance with the safety guidelines. The demand for transport management systems is projected to increase significantly in the long run.
https://www.marketresearchfuture.com/report/covid-19-impact-transportation-management-systems-market
The global transportation management system industry has been segmented into components, deployment, and industry.
https://www.marketresearchfuture.com/reports/transportation-management-systems-market-1397
By region, the global transportation management system market has been segmented into North America, Asia Pacific, Europe, the Middle East, and Africa, and South America.
North America captured the highest market share in 2018, with a market value of USD 1,241.0 million; the market is expected to have a CAGR of 5.9% over the assessment period. The growth in the North American market is driven by the involvement of major providers of transport management solutions such as Oracle Corporation, JDA Software Group, and CTSI Global, among others. Furthermore, the early adoption of technology and increased demand for TMS systems from the e-commerce sector in the region are predicted to further propel the growth of the transport system market in North America in the near future.
The transport management systems market is highly competitive. This market has an enormous potential to grow due to rapid industrialization. As a result, vendors started targeting untapped smaller companies. This is fuelling the industry to hit every corner of the business.
Smart Transportation Market by Solution (Traffic Management, Smart Ticketing, Parking Management, Integrated Supervision, Passenger Information, Insurance Telematics Solution), by Service (Consulting Service, Deployment and Integration, Support and Maintenance) – Forecast to 2022
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Artificial Intelligence
Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors
BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.
The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development.
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference.
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
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Artificial Intelligence
CGTN: China honors individuals with highest awards in celebration of 75th National Day
BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.
The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
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Artificial Intelligence
Kazakhstan Government Delegation Visited SUPCON
HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.
The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
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