Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the dock and
yard management system market provides an in-depth analysis of segments and
sub-segments in the global as well as regional dock and yard management system
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional dock and yard management system market
over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast, and dollar values of the global dock and yard
management system market. According to the report, the global dock and yard
management system market is projected to grow at a CAGR of 11.8% over the
forecast period of 2020-2026.
A dock and yard management system is a software system intended
for the movement of trucks and trailers in the yard of a manufacturing facility
and warehouse management. It provides real-time information on the location of
the yard and allows yard employees to fill orders in an efficient manner. The
current concerns over the spread of coronavirus are expected to create a strong
demand for the dock and yard management system in the global market. As the spread
of COVID-19 is accelerating, and continues to hinder operations across major
industrial sectors worldwide with reeling effects on the supply chains. Thus,
the demand for supply chain management solutions such as dock and yard
management system is expected to gather momentum post the clearance of the
pandemic, as supply chains across major industries continue to feel the
repercussions of the pandemic. Moreover, companies operating in the current
dock and yard management systems market are expected to rely on technological
innovation and likely to find opportunities in the forecast period.
The emergence of e-Commerce sector, rising demand for real-time and
automated approaches in managing warehouse and logistics operations are the key
factors driving the demand for dock and yard management system. Automation in
the system eliminates the uncertainty in manual processes, as well as the labor
costs associated. Dock and yard management system are majorly used in
combination with warehouse management systems (WMS) and transportation
management systems (TMS). This system offers effective results due to cloud
based system. In addition, it also has radio frequency identification (RFID)
technology built-in for faster and more accurate tracking. This yard management
system also facilitates accuracy in the warehouse, inventory, and distribution
centers, thereby reducing the extra costs involved in the processes. They also aid in
connecting processes and boost throughput in logistics.
Further, increasing the need for operational and logistics efficiency
of warehouse by constant advancement in technologies is bolstering the demand
for dock and yard management system. Additionally, growing preferences of the on-time delivery system will create a high demand for such transportation and
warehouse management system. This in turn is projected to fuel the demand for
dock and yard management systems market. In addition, increasing the need of offering
better effective services with lower cost leads to escalating the demand for dock
and yard management systems market. However, lack of awareness about
cloud-based advanced solutions hampers the growth of the dock and yard management
system market. Moreover, the growing adoption of cloud-based dock and yard
management systems in logistics and warehouse sectors is expected to facilitate the growth of the dock and yard management systems market during the forecast
period.
Geographically, the dock and yard management system market is
dominated by North America. Factors such as technological advancement and
rising demand for cost-effective solutions from warehouse and inventory
management will increase demand for the dock and yard management system market in
this region. The US is a key revenue generator in the North America dock and yard management system market. However, Asia Pacific is anticipated to escalate in
the forecast period. The rapid growth of industrialization in Asian countries such
as China, South Korea, and India is expected to propel the demand for dock and yard management system market.
The report on the global dock and yard management system market covers
segments such as type, and application. On the basis of type, the sub-markets
include warehouse management systems (WMS), and transportation management
systems (TMS). On the basis of application, the sub-markets include
transportation & logistics, manufacturing, grocery, retailing and parcel
post, and others.
The report provides profiles of the companies in the market such
as Epicor Software Corp., Descartes Systems Group Inc., C3 Solutions Inc.,
Made4net LLC, Manhattan Associates, Inc., ProAct International Ltd., Oracle
Corporation, Lazer Spot, Inc., HighJump Software, Inc., and 4sight Solutions
Pvt. Ltd.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the dock and yard
management system market. Moreover, the study highlights current market trends
and provides forecast from 2020-2026. We also have highlighted future trends in
the market that will affect the demand during the forecast period. Moreover,
the competitive analysis given in each regional market brings an insight into
the market share of the leading players.
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