ABB, Honeywell International Inc and Rockwell Automation, Inc. are Dominating the Global Terminal Management System (TMS) Market in 2018

Global Terminal Management System Market is expected to grow at a substantial CAGR of 7.6% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below:

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The global terminal management system (TMS) market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market will have a prominent growth in upcoming years due to integration of business operations in terminal management system helps to control cost and rising demand for safety and security solution in terminal management.

The market has witnessed developments in terms of merger and acquisitions, partnerships or product launches that expand the service coverage for the customers. The companies are focusing to meets the rising demand of advanced digital solutions for terminal management which helps the companies to sustain their position in the market. For instance, In July 2019, Larsen & Toubro Infotech Limited had partnered with Fennech Financial Ltd. which offers products that overcomes the deficiencies of the UK Insurers by managing the cash flow. These partnerships lead to increase the smart cash management solutions by reducing operating cost. With this there will be an execution of many technologies and helps insurance holder by changing management to provide guaranteed benefits.

ABB is dominated player in the global terminal management system (TMS) market. The other key players existing in the market includes International, Inc, Rockwell Automation, Inc., Yokogawa Electric Corporation, Siemens, ION, Agidens International NV, akquinet AG, Dearman Systems, Inc., EDS Systems OÜ, Emerson Electric Co., Endress+Hauser Management AG, General Atomics, Implico, Larsen & Toubro Infotech Limited, Oceaneering International, Inc., Offspring International Limited, PumpingSol, Ramboll Group A/S, Schneider Electric, SGS SA, i.Dohmann GmbH among others.

ABB

ABB is headquartered in Zurich, Switzerland which was founded on 1988. The company operates through three business segments which are electrification products, industrial automation, robotics and motion. The market focused segment is industrial automation. The company provide products from system category which include operations management software. The ownership of the company is public. The company has approx. 146,600 employees as of 31st, December 2018.

  • In January 2019, ABB received contract to refurbish supervisory and control systems of Fuel Logistics Company (CLC), which is an operator in fuel logistics area. Under this refurbishment project, the company installed their T-MAC Plus suite which offers automation in operations as well as safety management features. Through this the company added one customer in their portfolio and introduced their offering for other market players.

The company has wide presences across the globe such as Americas, Europe, Middle East and Africa, Asia-Pacific. It also generate revenue from subsidiaries such as ABB Australia Pty Limited, Moorebank, NSW (Australia), ABB Industrial Solutions (Belgium) BVBA, Gent (Belgium), ABB Canada Holding Limited Partnership, Saint-Laurent, Quebec (Canada), ABB (China) Ltd., Beijing (China), ABB Automation GmbH, Mannheim (Germany), ABB K.K., Tokyo (Japan) among others.

Honeywell International Inc

Honeywell International Inc. is headquartered in New York, U.S. which was founded on 1985. The company is engaged in develop and manufacture technologies for electronic, energy, safety, security, productivity, and global urbanization. The company has various business segments such as aerospace, Honeywell building technologies, performance materials and technologies, and safety and productivity solution. The market focused segment is Honeywell building technologies.

The product & solutions categories of the company include Honeywell NAVITAS, terminal solutions, airside solutions, solution spotlight, advanced software control, monitoring and safety systems, forge cybersecurity, gas measurement & regulation, ICS shield, instrumentation, marine, secure media exchange (SMX), telecom & industrial security, terminal operations, wireless. The market focused category is terminal solutions, terminal operations. The company has approx. 114,000 employees as of 31st, December 2018.

  • In February 2017, Honeywell International Inc introduced new release of terminal manager server software. The software provides improved control over terminal operations such as full integration of CCTV, gas, access control, enterprise building integrator systems and digital video manager. The new software release offers the better control to terminal operations for customers which helped company to improve customer service and support.

The company has wide presences across the globe such as Africa, Asia-Pacific, Europe, Latin America, Middle East, and North America. It also generate revenue from subsidiaries such as Hand Held Products, Inc. (Delaware), Honeywell (China) Co., Ltd., Honeywell Aerospace de México, S. de R.L. de C.V. (Mexico), Honeywell ASCa Inc. (Canada), Honeywell Automation India Limited(India), Honeywell Aerospace Avionics Malaysia Sdn Bhd. (Malaysia), Honeywell Aerospace (UK), Honeywell Pte. Ltd. (Singapore), Honeywell Specialty Chemicals Seelze GmbH (Germany) and among others.

Rockwell Automation, Inc.

Rockwell Automation, Inc. is headquartered in Wisconsin, U.S. and was founded on 1903. The company offers industrial automation solutions for manufacturing processes which helps the organizations to become more sustainable and productive. The company has two business segments which are architecture & software, control products & solutions. The market focused segment is control products & solutions. The product categories of the company include advanced process control, analytics, condition monitoring & I/O, design & operations software, distributed control systems, drive systems, drives, human machine interface, industrial control products, industrial network products, industrial sensors, manufacturing , execution system, motion control, motor control centers, programmable controllers, safety, components, safety instrumented systems, training. The market focused category is distributed control systems. The company has approx. 23,000 employees as of 30th, September 2018.

  • In February 2019, Rockwell Automation, Inc. formed joint venture through signing an agreement with Schlumberger, a technology provider for oil and gas industry. The joint venture is formed to build fully integrated digital oilfield automation solutions named as Sensia for oil and gas industry. Through this joint venture the company will offer the smart technologies for the oil & gas industry customers.

The company has wide presences across the globe such as North America, Central & South America, Europe, Middle East & Africa, Asia-Pacific. It also generate revenue from subsidiaries such as Rockwell Automation Ltd. (Australia), Rockwell Automation B.V. (Netherlands), Rockwell Automation Ltd. (Canada), Rockwell Automation G.m.b.H. (Germany), Rockwell Automation Ltd. (Korea) among others.