The global transportation management systems market is currently witnessing robust growth. 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. Looking forward, IMARC Group expects the market to register a CAGR of around 16% during 2020-2025.
IMARC Group provides an analysis of the key trends in each sub-segment of the global transportation management systems market report, along with forecasts for growth at the global, regional and country-level from 2020-2025. Our report has categorized the market based on region, transportation mode, offering, deployment type, and application.
Breakup by Transportation Mode:
Breakup by Offering:
Breakup by Deployment Type:
Breakup by Application:
Breakup by Region:
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., TMW Systems Inc., etc.
Key Questions Answered in This Report:
The rising utilization of e-commerce services for buying essential and non-essential goods on account of the surging cases of the coronavirus disease (COVID-19) and increasing adoption promotion of social distancing measures by governing agencies are escalating the demand for transportation management systems across the globe.
The global transportation management system market was worth around US$ 91 Billion in 2019.
According to the estimates by IMARC Group, the global transportation management system market will exhibit robust growth during the next five years.
The thriving e-commerce sector, rising traffic congestion and the improving bilateral relationships between countries are among the major factors strengthening the market growth.
The growing popularity of online shopping and the integration of advanced technologies, such as internet of things (IoT), software as a service (SaaS) and cloud-based solutions, with the TMS, are positively influencing the market growth.
Based on the transportation mode, the market has been divided into railways, roadways, airways and waterways.
On the basis of the offering, the market has been categorized into software, hardware and services.
The market has been bifurcated on the basis of the deployment type into on-premises and cloud-based transportation management system.
Based on the application, the market has been classified into retail and e-commerce, manufacturing, logistics, government organizations, healthcare, travel and tourism, and others.
Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia and others); Latin America (Brazil, Mexico and others); and Middle East and Africa.
Leading industry players are 3GTMS Inc., BluJay Solutions Ltd., CargoSmart Ltd., Continental Traffic Service, Inc. (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.
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