Digital Tech Is Driving Growth in Transportation Management Systems

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A recent market report by Grand View Research suggests that blockchain is one of the digital technologies driving market growth in the global transportation management systems (TMS) sector, according to a press release on July 11.According to Grand View Research, a market research company based in San Francisco, the TMS market is expected to reach $198.82 billion by 2025 with a compound annual growth rate of 16.2%.A number of digital technologies are credited as driving forces for current and projected TMS market growth alongside blockchain, including Artificial Intelligence (AI), cloud transportation management systems, the so-dubbed Internet of Things (IoT), and predictive analytics.Blockchain tech and AI reportedly contribute significantly to streamlining TMS. According to the report, these technologies have led to a rise in competition among module developers as they scramble to invest in the best streamlining tech.There is also said to be an increasing need for automation and technology in…

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