The global transportation management systems market size reached US$ 7.6 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 19.8 Billion by 2028, exhibiting a growth rate (CAGR) of 17.7% during 2023-2028.
A transportation management system (TMS) assists in planning, executing and optimizing the physical movement of goods. It is also used for managing international inbound and outbound shipments. It is a subset of the supply chain management (SCM) system, which helps an organization in managing day-to-day transportation activities, trade compliance information and documentation. It also aids in improving the shipping efficiency, reducing costs, gaining real-time supply chain visibility, ensuring timely delivery of goods, and enhancing customer satisfaction. As a result, TMS is widely utilized by manufacturers, distributors, wholesalers, retailers and third-party logistics (3PL) providers across various industries.
Rapid industrialization, growing population and rising traffic congestion across various cities are increasing the sales of TMS around the world. Additionally, the rising trend of online shopping and burgeoning e-commerce sector are further contributing to the escalating demand for these systems for maintaining shipping operations. Furthermore, improving bilateral economic relations between various countries are creating positive outlook opportunities for TMS providers to expand their consumer base. Apart from this, the integration of the internet of things (IoT)-enabled solutions aids in real-time monitoring of routes, reducing overall maintenance costs and minimizing the frequency of shipment delays, which in turn is expanding its application in various end use industries. In addition to this, continuous advancements in software as a service (SaaS)- and cloud-based solutions, along with the expansion of a multi-channel distribution system, are expected to bolster the market growth in the coming years.
2. What is the expected growth rate of the global transportation management systems market during 2023-2028?
3. What are the key factors driving the global transportation management systems market?
4. What has been the impact of COVID-19 on the global transportation management systems market?
5. What is the breakup of the global transportation management systems market based on the transportation mode?
6. What is the breakup of the global transportation management systems market based on the offering?
7. What is the breakup of the global transportation management systems market based on the deployment type?
8. What is the breakup of the global transportation management systems market based on the application?
9. What are the key regions in the global transportation management systems market?
10. Who are the key players/companies in the global transportation management systems market?
A transportation management system (TMS) assists in planning, executing and optimizing the physical movement of goods. It is also used for managing international inbound and outbound shipments. It is a subset of the supply chain management (SCM) system, which helps an organization in managing day-to-day transportation activities, trade compliance information and documentation. It also aids in improving the shipping efficiency, reducing costs, gaining real-time supply chain visibility, ensuring timely delivery of goods, and enhancing customer satisfaction. As a result, TMS is widely utilized by manufacturers, distributors, wholesalers, retailers and third-party logistics (3PL) providers across various industries.
Rapid industrialization, growing population and rising traffic congestion across various cities are increasing the sales of TMS around the world. Additionally, the rising trend of online shopping and burgeoning e-commerce sector are further contributing to the escalating demand for these systems for maintaining shipping operations. Furthermore, improving bilateral economic relations between various countries are creating positive outlook opportunities for TMS providers to expand their consumer base. Apart from this, the integration of the internet of things (IoT)-enabled solutions aids in real-time monitoring of routes, reducing overall maintenance costs and minimizing the frequency of shipment delays, which in turn is expanding its application in various end use industries. In addition to this, continuous advancements in software as a service (SaaS)- and cloud-based solutions, along with the expansion of a multi-channel distribution system, are expected to bolster the market growth in the coming years.
Key Market Segmentation
The report provides an analysis of the key trends in each sub-segment of the global transportation management systems market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on transportation mode, offering, deployment type and application.Breakup by Transportation Mode:
- Railways
- Roadways
- Airways
- Waterways
Breakup by Offering:
- Software
- Hardware
- Services
Breakup by Deployment Type:
- On-Premises
- Cloud-based
Breakup by Application:
- Retail and E-commerce
- Manufacturing
- Logistics
- Government Organizations
- Healthcare
- Travel and Tourism
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also analysed the competitive landscape of the market with some of the key players being 3GTMS Inc., BluJay Solutions Ltd., CargoSmart Ltd., CTSI-Global, EFKON GmbH, Manhattan Associates Inc., MercuryGate International Inc., Metro Infrasys Pvt. Ltd., Oracle Corporation, SAP SE, The Descartes Systems Group Inc. and TMW Systems Inc., etc.Key Questions Answered in This Report
1. What was the size of the global transportation management systems market in 2022?2. What is the expected growth rate of the global transportation management systems market during 2023-2028?
3. What are the key factors driving the global transportation management systems market?
4. What has been the impact of COVID-19 on the global transportation management systems market?
5. What is the breakup of the global transportation management systems market based on the transportation mode?
6. What is the breakup of the global transportation management systems market based on the offering?
7. What is the breakup of the global transportation management systems market based on the deployment type?
8. What is the breakup of the global transportation management systems market based on the application?
9. What are the key regions in the global transportation management systems market?
10. Who are the key players/companies in the global transportation management systems market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Indicators
2 Scope and Methodology
4 Introduction
5 Global Transportation Management System Market
6 Market Breakup by Transportation Mode
7 Market Breakup by Offering
8 Market Breakup by Deployment Type
9 Market Breakup by Application
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 3GTMS Inc.
- BluJay Solutions Ltd.
- CargoSmart Ltd.
- CTSI-Global
- EFKON GmbH
- Manhattan Associates Inc.
- MercuryGate International Inc.
- Metro Infrasys Pvt. Ltd.
- Oracle Corporation
- SAP SE
- The Descartes Systems Group Inc.
- TMW Systems Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | October 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 7.6 Billion |
| Forecasted Market Value ( USD | $ 19.8 Billion |
| Compound Annual Growth Rate | 17.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
