Transportation Management System Market Report 2031
The transportation management system market size is projected to reach US$ 51.58 billion by 2031 from US$ 13.56 billion in 2023. The market is expected to register a CAGR of 18.20 % from 2023 to 2031.
This approach cuts costs, boosts shipping efficiency, and improves customer service. It connects order processing and delivery within a business and is useful in creating a network of good customer services while cutting costs by implementing a cloud-based transportation system.
Transportation Management System Market Analysis
Transportation management systems play an vital role in supply chains, influencing many areas of the process, including operational planning, procurement, logistics, and lifecycle management. TMS provides deep visibility, allowing for more effective transportation planning and monitoring, resulting in a better client experience. Furthermore, the rapidly developing global trade environment and transits make it critical for enterprises to have a TMS system that can help them effectively negotiate complicated transit operations and processes involving trade rules and compliance.
Transportation Management System Market Overview
The global transportation management system (TMS) market is being driven by the growth of the retail and e-commerce industries, consistent technological advancements that have resulted in the introduction of innovative solutions to the market, and the strengthening of bilateral trade relations between various countries worldwide. TMS technologies also help to automate manual supply chain functions such as planning and execution, route optimization, and shipment tracking. As a result, it reduces manual errors, saves time, and lowers the expenses associated with managing transportation operations, which are significant factors driving market growth.
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Transportation Management System Market: Strategic Insights
Transportation Management System Market
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CAGR (2023 - 2031)
18.20 %
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Market Size 2023
US$ 13.56 billion
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Market Size 2031
US$ 51.58 billion
Market Dynamics
GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players
- IBM Corporation
- BluJay Solutions Ltd
- Cargobase
- Cerasis Inc
- Oracle
- SAP
- Trimble Transportation Enterprise Solutions Inc
- MercuryGate International Inc
- Manhattan Associates
- Infor Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Component
- Software
- Solution and Service
Function
- Large Enterprises
- SMEs
Deployment Type
- On-Premise
- Cloud
Industry Vertical
- E-commerce
- Healthcare
- Retail
- Industrial
- Food and Beverage
- Chemicals
- Automotive
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Transportation Management System Market: Strategic Insights
-
CAGR (2023 - 2031)18.20 % -
Market Size 2023
US$ 13.56 billion -
Market Size 2031
US$ 51.58 billion
Market Dynamics
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- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
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Key Players
- IBM Corporation
- BluJay Solutions Ltd
- Cargobase
- Cerasis Inc
- Oracle
- SAP
- Trimble Transportation Enterprise Solutions Inc
- MercuryGate International Inc
- Manhattan Associates
- Infor Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Software
- Solution and Service
- Large Enterprises
- SMEs
- On-Premise
- Cloud
- E-commerce
- Healthcare
- Retail
- Industrial
- Food and Beverage
- Chemicals
- Automotive
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Transportation Management System Market Drivers and Opportunities
Cloud-based SaaS Solutions Will Boost the Transportation Management System Industry to Favor the Market
Large organizations typically have their IT department to manage business processes, but startups and SMEs sometimes lack such a system. Managing an IT department incurs additional costs. Cloud-based transport management systems are popular among SMEs and startups as they provide the benefits of an IT department without the need for additional hiring or costs. This allows internal employees to focus on ongoing business operations. The cloud-based transport management system's storage flexibility allows for expansion, making it ideal for SMEs to manage unexpected growth. The cloud-based transport management system offers cost reductions and a pay-as-you-go strategy, enabling SMEs to compete effectively. This includes real-time payment over the cloud.
Developing 5G to Change Traffic Management Systems
The introduction of 5G technology opens up a variety of options for the Transportation Management System (TMS) business opportunities, including better connectivity, real-time communication, and data interchange between cars and TMS platforms. 5G allows vehicles to communicate information about road conditions, traffic, and accidents, improving route planning and optimization. 5G technology can help TMS platforms acquire real-time data from cars and use advanced analytics for efficient fleet management, proactive decision-making, and predictive maintenance. 5G technology enables seamless connection between TMS platforms and supply chain stakeholders, providing real-time visibility, inventory control, and responsive coordination. Autonomous vehicles and platooning systems can benefit from 5G's fast, low-latency communication.
Transportation Management System Market Report Segmentation Analysis
Key segments that contributed to the derivation of the transportation management system market analysis are component, function, deployment type, and industry verticals.
- Based on components, the transportation management system market is segmented into software and solutions & services.
- By function, the market is segmented into large enterprises and SMEs.
- By deployment type, the market is segmented into on-premise and cloud
- In terms of industry vertical, the market is segmented into E-commerce, healthcare, retail, industrial, food & beverage, chemicals, and automotive.
Transportation Management System Market Share Analysis by Geography
The geographic scope of the transportation management system market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. The North American region is well-known for its rapid adoption of roads as the primary form of transportation for moving freight and delivering goods. Local communities' increased spending on linked infrastructure aims to provide a positive and smooth transit environment. It is one of the primary drivers of growth in the North American TMS market. Furthermore, the presence of several significant TMS vendors, like IBM Corporation and JDA Software Group Inc., propelled the growth of the market.
Transportation Management System Market News and Recent Developments
The transportation management system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In April 2023, Trimble announced the completion of its previously announced acquisition of Transporeon, the platform powers a global network of 145,000 carriers, 1400 shippers, and load recipients, offering integrated capabilities for sourcing, planning, execution, monitoring, and settlement.
(Source: Trimble, Company Website, 2023)
- In April 2023, Descartes purchased Localz, a 10-year-old startup that enables shops to communicate with customers during delivery. Localz's technology platform uses real-time truck tracking and communication to enhance the client delivery experience.
(Source: Descartes, Company Website, 2023)
Transportation Management System Market Report Scope
Report Attribute
Details
Market size in 2023
US$ 13.56 billion
Market Size by 2031
US$ 51.58 billion
Global CAGR (2023 - 2031)
18.20 %
Historical Data
2021-2022
Forecast period
2023-2031
Segments Covered
By Component - Software
- Solution and Service
By Function - Large Enterprises
- SMEs
By Deployment Type - On-Premise
- Cloud
By Industry Vertical - E-commerce
- Healthcare
- Retail
- Industrial
- Food and Beverage
- Chemicals
- Automotive
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
- IBM Corporation
- BluJay Solutions Ltd
- Cargobase
- Cerasis Inc
- Oracle
- SAP
- Trimble Transportation Enterprise Solutions Inc
- MercuryGate International Inc
- Manhattan Associates
- Infor Inc
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Attribute | Details |
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Market size in 2023 | US$ 13.56 billion |
Market Size by 2031 | US$ 51.58 billion |
Global CAGR (2023 - 2031) | 18.20 % |
Historical Data | 2021-2022 |
Forecast period | 2023-2031 |
Segments Covered |
By Component
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Regions and Countries Covered | North America
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Market leaders and key company profiles |
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Transportation Management System Market Report Coverage and Deliverables
The "Transportation Management System Market Size and Forecast (2023–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component ; Function ; Deployment Type ; and Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The global transportation management system market was estimated to be US$ 13.56 billion in 2023 and is expected to grow at a CAGR of 18.2% during the forecast period 2023 - 2031.
Cloud-based SaaS solutions are the major factors that propel the global transportation management system market.
Growth in e-commerce sales to play a significant role in the global transportation management system market in the coming years.
The global transportation management system market is expected to reach US$ 51.58 billion by 2031.
The key players holding the majority of shares in the global transportation management system market are IBM Corporation, BluJay Solutions Ltd., Cargobase, Cerasis, Inc., and Oracle.
- IBM Corporation
- BluJay Solutions Ltd.
- Cargobase
- Cerasis, Inc.
- Oracle
- SAP
- Trimble Transportation Enterprise Solutions, Inc.
- MercuryGate International, Inc.
- Manhattan Associates
- Infor Inc.