Transportation Management Systems Global Market Report 2024

The transportation management systems market size has grown rapidly in recent years. It will grow from $10.53 billion in 2023 to $12.01 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. The growth in the historic period can be attributed to various factors such as the globalization of supply chains, the surge in e-commerce activities, the need for regulatory compliance, the demand for cost-efficient solutions, and a heightened focus on ensuring customer satisfaction.

The transportation management systems market size is expected to see rapid growth in the next few years. It will grow to $20 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The anticipated growth in the forecast period is likely to stem from factors such as the increasing complexity of supply chain networks, a growing emphasis on sustainability and green initiatives, evolving consumer expectations, and the rise of last-mile delivery solutions. Major trends expected in this period include a heightened demand for cloud-based solutions, the integration of internet of things (IoT) sensors, dynamic route planning and optimization, and an increased emphasis on user-friendly interfaces and mobile applications.

The growth of the transportation management system market is anticipated to be fueled by the widespread adoption of cloud and IoT applications. These applications encompass APIs and interfaces facilitating seamless data exchange between IoT sensor devices and downstream applications. IoT integration offers streamlined transportation and warehouse management solutions across sectors such as transport, logistics, and fleet management. Notably, a 2022 report from Finoit Inc., an IT services firm, highlights the success of transportation and logistics organizations utilizing RFID technology, achieving exceptional shipping and receiving accuracy, inventory precision, and notable improvements in order processing speed and labor costs. Hence, the integration of cloud and IoT applications is poised to drive the transportation management system market.

The transportation management system market is poised for growth due to the rapid expansion of e-commerce. E-commerce, a digital platform for goods and services exchange, has experienced substantial growth, driving an increased need for efficient logistics and supply chain management. Transportation management systems play a pivotal role in optimizing these processes for e-commerce entities, reducing costs, enhancing customer satisfaction, and ensuring smooth flow within the supply chain. For example, the United States Census Bureau reported a significant 7.8% surge in retail e-commerce sales, reaching an estimated $284.1 billion in the third quarter of 2023, underscoring the direct impact of e-commerce growth on the transportation management system market.

WrxFlo, an Ireland-based software company, unveiled its Transport Management System (TMS) software in December 2022. This cloud-based solution aims to optimize supply chain processes, enhance warehouse efficiency, and reduce transportation expenses. It offers real-time data access for swift decision-making, integrates seamlessly with existing business systems, and supports third-party logistics management.

Major companies within the transportation management system market are keenly focused on the development of intelligent solutions aimed at bolstering their market profitability. These solutions harness advanced technologies and data analytics to significantly elevate operational efficiency, visibility, and decision-making processes within transportation operations. An illustrative instance is 3SC Solutions, an India-based data analytics company, which in September 2023 introduced the Intelligent Transport Management Solution (iTMS). This pioneering solution amalgamates the power of AI and data analytics to optimize the entire transportation cycle. Employing AI for comprehensive data analysis enables precise demand predictions and informed decision-making, offering a holistic solution for logistics and supply chain management. iTMS integrates automated order acquisition, AI-driven shipment planning, real-time execution orchestration, and advanced tools for contract management and financial auditing in global logistics.

In November 2021, Transportation Insight Holding Company (TI Holdco), a US-based logistics and freight brokerage solutions provider, completed the acquisition of SwanLeap Inc. This acquisition, the financial details of which remain undisclosed, integrates SwanLeap’s cloud-based transportation management system into TI Holdco’s offerings. The objective is to provide comprehensive execution and visibility across all transportation modes, offering a unified platform from the first mile to the last. SwanLeap Inc., a US-based transportation management software company, brings its expertise to enhance TI Holdco's services.

Major companies operating in the transportation management systems market report are Oracle Corporation, SAP SE, C.H. Robinson Worldwide Inc., GlobalTranz Enterprises Inc., Trimble Inc., Blue Yonder Group Inc., Manhattan Associates Inc., JDA Software Group Inc., E2open LLC, The Descartes Systems Group Inc., Transporeon Group, Transplace LLC, BluJay Solutions Inc., Generix Group SA, Parade Inc., Alpega Group, project44 Inc., Southern Motor Carriers Rate Conference Inc., Shippo Inc., LeanLogistics Inc., TMW Systems Inc., Unifaun AB, UltraShipTMS, vTradEx International Ltd., Shipwell Inc., Kuebix LLC, 3GTMS Inc., InMotion Global Inc., MP Objects B.V., ShipStation, Logistically Inc., Revenova LLC, MercuryGate International Inc., Supplystack NV.

North America was the largest region in the transportation management system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the transportation management systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the transportation management systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The key components of a transportation management system (TMS) encompass solutions and services. These solutions offer comprehensive visibility into transportation operations, providing insights into day-to-day logistics, trade compliance data, and documentation, ensuring the timely delivery of freight and goods. Notable solution types within TMS encompass planning & execution, order management, audit, payment, claims, reporting & analytics, and routing & tracking, available both on-premises and on the cloud. Transportation management systems cover various modes such as roadways, railways, airways, and maritime, benefiting industries such as retail, healthcare & pharmaceuticals, manufacturing, energy & utilities, the government sector, and others.

The transportation management system market research report is one of a series of new reports that provides transportation management system market statistics, including transportation management system industry global market size, regional shares, competitors with a transportation management system market share, detailed transportation management system market segments, market trends and opportunities, and any further data you may need to thrive in the transportation management system industry. This transportation management system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The transportation management system market consists of revenues earned by entities by traffic & route management, order management, audit rating, billing, payment & claims management, and fleet monitoring & tracking. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.


The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.