Transportation Management System Market Trends, Share, Analysis, Growth and Forecast 2023-2028
According to IMARC Group’s latest report, titled “Transportation Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, 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) is a technological tool that is widely used by enterprises to plan, execute and optimize the physical movement of goods. It is a subset of enterprise resource planning (ERP) and supplies chain management (SCM) that assists in improving the shipping quality, reducing costs and ensuring timely delivery of goods while enhancing customer satisfaction. As a result, TMS is widely utilized across the retail, e-commerce, manufacturing, and logistics sectors.
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Transportation Management System Market Trends:
The global market is majorly driven by the significant rise in the logistics industry. Furthermore, the widespread adoption of digital technologies by transportation companies to enhance their overall service is providing a boost to the market growth across the globe. Moreover, the rising trend of online shopping among the masses and significant growth in the e-commerce sector have created a positive outlook for the market. Besides this, rapid technological advancements, such as the widespread integration of these management solutions with artificial intelligence and the deployment of sensors and visions technologies, are also propelling the market growth.
Competitive Landscape with Key Players:
The report has also analysed the competitive landscape of the market with some of the key players.
- 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.
Key Market Segmentation:
The report has categorized the market based on transportation mode, offering, deployment type, application and region.
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)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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