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 global transportation management system market size was valued at US$ 13.7 Billion in 2020.
According to the estimates by IMARC Group, the global transportation management system market is expected to witness a CAGR of 10.8% from 2021 to 2026.
The expanding e-commerce sector, rising traffic congestion, and the improving bilateral relationships between countries are some of the key drivers for the global transportation management system market.
The rising integration of transportation management system with numerous advanced technologies, such as Internet-of-Things (IoT), Software-as-a-Service (SaaS), cloud-based solutions, etc., represent one of the key trends in the global transportation management system market.
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.
On the basis of the transportation mode, the market has been bifurcated into railways, roadways, airways, and waterways. Currently, roadways hold the majority of the total market share.
On the basis of the deployment type, the market has been divided into on-premises and cloud-based. Among these, on-premises represent the largest segment.
On the basis of the application, the market has been segmented into retail and e-commerce, manufacturing, logistics, government organizations, healthcare, travel and tourism, and others. At present, manufacturing exhibits a clear dominance in the market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
The key companies in the global transportation management system market are 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.
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