Transportation Management System Market Size, Report and Growth 2023-2028

Transportation Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A2110

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Market Overview:

The global transportation management systems market size reached US$ 7.6 Billion in 2022. Looking forward, IMARC Group 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.

Key Market Segmentation:

IMARC Group 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.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Transportation Mode, Offering, Deployment Type, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global transportation management systems market was valued at US$ 7.6 Billion in 2022.

We expect the global transportation management systems market to exhibit a CAGR of 17.7% during 2023-2028.

The growing integration of IoT-enabled solutions with transportation management systems for real- time monitoring of routes and minimizing the frequency of shipment delays, is primarily driving the global transportation management systems market.

The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of transportation management systems, owing to the rising trend of using e-commerce services for buying essential and non-essential goods, on account of surging cases of the coronavirus infection.

Based on the transportation mode, the global transportation management systems market has been divided into railways, roadways, airways, and waterways. Currently, roadways hold the majority of the global market share.

Based on the offering, the global transportation management systems market can be categorized into software, hardware, and services. Among these, software exhibits clear dominance in the market.

Based on the deployment type, the global transportation management systems market can be bifurcated into on-premises and cloud-based. Currently, on-premises deployment type accounts for the majority of the total market share.

Based on the application, the global transportation management systems market has been segmented into retail and e-commerce, manufacturing, logistics, government organizations, healthcare, travel and tourism, and others. Among these, the manufacturing sector currently represents the largest market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global transportation management systems market include 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.

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