Asia Pacific region held the highest share in 2022.

Managed Transportation Services Market is expected to be 18.2% during the forecast period and the market size is expected to reach nearly US$ 34.67 billion by 2029.

Managed Transportation Services Market Overview:

The purpose of this study is to provide a thorough examination of the Managed Transportation Services market by component, application, industry, and geography. The study goes into great detail on the primary factors influencing the Managed Transportation Services market's growth. The study also offers a comprehensive analysis of the market's value chain.

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Managed Transportation Services Market Scope:

The research method used to assess and anticipate the Managed Transportation Services market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segmentation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Managed Transportation Services market was calculated using the revenue of significant enterprises.

Restrains: The cyber security concerns, lack of technological infrastructure and risk in migrating sensitive data from traditional to new cloud approaches are restraining the market growth over forecast period. The concerns regarding risk in migrating sensitive data from traditional to new cloud approaches and agility of the data restrains the growth of the market. the approval for cybersecurity solutions is swelling to combat the sophisticated and advanced threats created by professional opponents. Furthermore, because cybercrimes are on the rise and can lead to the loss of financial and intellectual assets, it is projected that cloud service providers and verticals in the energy, education, and oil & gas sectors will adopt cybersecurity solutions more willingly.

Opportunities: Advent of Next-generation network services such as 4G, and rise in deployment of 5G extend profitable provide opportunities to the market player for the growth of the market during the forecast period. Key factors driving the web-scale IT market include wireless communication, strict government mandates, rapid adoption of cloud-based services, and growing cybercrimes in public utility industries. Web-scale IT needs more attention be paid to lean and agile models rather than frameworks like ITIL. These arrangements favour smaller businesses over giant corporations. This provides the opportunities for the growth of the market. The growing need for proficiently handling database of the firms and large-scale dependence of firms on web for carrying out routine tasks will prompt the business growth over the projected timeline. The data sourced from the GSM Association, about 3.8 billion of the population across the globe uses mobile internet, and 3G and 4G which covers 50% of the total population. This in response accelerates the market opportunities.

Managed Transportation Services Market Segmentation:

by Function

Freight Management
Planning and Execution

by End users

Manufacturing
Food and Beverages
Healthcare
Automotive
Aerospace
Retail
Consumer-Packaged Goods

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Managed Transportation Services Market Key Players:

The major players covered in the Managed Transportation Services market report are

1. Amber Road, Inc. (US)
2. Aptean (US)
3. Descartes (Canada)
4. SAP SE (Germany)
5. Integration Point, Inc. (US)
6. Oracle (US
7. Precision Software (US)
8. QuestaWeb, Inc.
9. Livingston International (Canada)
10. MIQ Logistics (US)
11. Thomson Reuters (US)
12. MIC Customs Solutions (Austria)

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Managed Transportation Services Market Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

COVID-19 Impact Analysis on Managed Transportation Services Market:

Aerospace and defence, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 epidemic. COVID-19 has had an impact on the Managed Transportation Services market in general, as well as the growth rate, as the impact of COVID-19 spreads. Our most recent inquiry, opinions, and bits of knowledge on administration are critical to the businesses and associations in the Managed Transportation Services industry, which is driving through the COVID-19 emergency to handle risk digitising jobs in order to convey trusted data and experiences to the CEOs.

Key Questions Answered in the Managed Transportation Services Market Report are:

• Which segment grabbed the largest share in the Managed Transportation Services market?
• How was the competitive scenario of the Managed Transportation Services market ?
• Which are the key factors responsible for the Managed Transportation Services market growth?
• Which region held the maximum share in the Managed Transportation Services market ?

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