Transportation Management Systems (TMS) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Report Scope

This report analyzes the global transportation management systems (TMS) market in terms of deployment, end-use application, and geography. Based on deployment method, the global transportation management systems market is segregated into on-premise and on-demand or cloud-based. Similarly, on the basis of end-use application, the market for transportation management systems is further classified into food and beverage, retail, electronics/high-tech, automotive, manufacturing, transportation and logistics, others (pharmaceuticals, chemicals, etc.). The geographical distribution of the global transportation management systems market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Overview

Growing popularity of SaaS-based solutions offering superior benefits in terms of cost, visibility, and maintenance is identified as the major factor driving market growth. The emergence of these cloud-based solutions is also expected to trigger the replacement of aging conventional TMS solutions. In addition, the growing preference for multi-channel distribution and demand for greater visibility in supply chain among shippers is expected to have positive impact on the market growth. These factors are expected to contribute towards 9.8% CAGR during the forecast period 2021 - 2029.

Report Description

Purpose of the Report

The purpose of this strategic research study titled “Transportation Management Systems Market - Growth, Share, Opportunities, and Competitive Analysis, 2021 - 2029” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the transportation management systems market.

Target Audience

• Industry Investors
• Transportation Management System Solution Providers
• Supply Chain Management Solution Providers
• End-users

USP and Key Offerings

The report titled “Global Transportation Management Systems Market - Growth, Share, Opportunities, and Competitive Analysis, 2021 - 2029” offers strategic insights into the global transportation management systems market along with the market size and estimates for the duration 2021 to 2029. The said research study covers in-depth analysis of multiple market segments based on deployment, end-use application, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the key industry participants, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and recent developments.

Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive sub-markets within the transportation management systems market
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2019 - 2020)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global transportation management systems market, offering market size and estimates for the period from 2021 to 2029, keeping in mind the above mentioned factors.

Traditionally, the deployment of transportation management systems was limited to industry verticals including food and beverage, retail, consumer goods, and hi-technology industries since these verticals had more opportunities to earn savings in different fields. However, the recent trend shows that wide range of manufacturers and distributors in other industry verticals are now convinced regarding the benefits offered and returns achieved using transportation management system solutions. On the basis of end-use application, the transportation management system (TMS) market is categorized into following segments:

• Food and Beverage
• Retail
• Electronics/High-tech
• Automotive
• Manufacturing
• Transportation and Logistics
• Others (Pharmaceuticals, Chemicals, etc.)

The transportation and logistics segment was the largest revenue contributing end-use application segment in the global transportation management system market in the base year of 2020. The segment accounted for around 60 percent of the global transportation management system market revenue in the same year. The limited workforce of truck drivers remains a major concern for transportation and logistics service providers and their shippers. The use of transportation management system solutions allows shippers to get a clearer scenario regarding the availability of driver and carrier capacity. Thus, transportation and logistics segment is poised to witness steady growth over the forecast period 2021 - 2029. On the other hand, with the proliferation of e-commerce and growing preference for omni-channel distribution, the demand for transportation management system solutions in retail is expected to exhibit robust growth over the forecast period.

Based on deployment type, the global transportation management systems (TMS) market is segmented into following categories

• On-premise Solutions
• On-demand or Hosted Solutions

In the base year of 2020, on-premise transportation management system solutions outnumbered on-demand transportation management system solutions. Although many transportation firms are favoring cloud-based prototypes, the bigger and established players are still heavily reliant on the on-premise software installations. Thus, on-premise solutions are expected to exhibit reasonable growth over the forecast period between 2021 and 2029. Transportation management solutions were one of the first supply chain management solutions to adopt the cloud-based model. Low upfront costs and easy maintenance coupled with the low entry barriers have enabled cloud-based applications to grow significantly across different supply chain management platforms. In addition, benefits offered in terms of visibility across the supply chain are fueling the demand for on-demand transportation management system solutions. In view of these benefits, shippers across the globe are less interested in implementing software solution and are more skewed towards changing their operation models to house a more sophisticated and comprehensive transportation network scenario.

On the basis of geography, the global transportation management systems (TMS) market is segmented into following regions and countries.

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Russia
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Australasia
• Rest of Asia Pacific
• Rest of the World
• Latin America
• Middle East
• Africa

In the base year of 2020, North America (comprising U.S. and Canada) was the largest transportation management systems market worldwide. The region accounted for over one third of the global market revenue in the same year. The U.S. represents the largest individual transportation management systems market worldwide. With the growing trend towards near-shoring and reshoring, the manufacturers are now relocating their manufacturing facilities back to the U.S. This has resulted in an increase in volumes of freight and related inflation in the region. To address these challenges and optimally manage freight, manufacturers are increasingly deploying TMS solutions that offer better supply chain visibility offering. Furthermore, with the prevailing trend towards omni-channel distribution, especially in e-commerce has been instrumental in pushing shippers to streamline their transportation components, which, in turn is stimulating the demand for transportation management systems.


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