Transportation Management System (TMS) Market – Industry Analysis and Key Trends Forecast (2022-2029)

Transportation Management System (TMS) Market size was valued at US$ 9.10 Bn. in 2021 and the total revenue is expected to grow at 18.24% through 2022 to 2029, reaching nearly US$ 34.78 Bn.
Transportation Management System (TMS) Market Overview:
TMS is for transportation management system it is a platform for optimizing the transportation process, which is an element of the supply chain. It is in charge of overseeing, scheduling, coordinating, and managing all parts of product transportation from the time an order is placed to the time it is delivered. The TMS platform is growing in popularity. According to a recent study, more than 35% of businesses are currently using the platform to manage their transportation networks. Given the increasing difficulties of logistics and transportation as a company grows, the relevance of transportation management systems cannot be overestimated.


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Transportation Management System (TMS) Market Dynamics:
Digital transformation is driving the desire for greater agility in transportation and logistics operations, which allows organisations to provide better customer experience. As part of the digital transformation movement, many firms are adopting a wide spectrum of developing technologies, resulting in unprecedented prospects for operational efficiency, sustainability, new business models, and a richer consumer experience. Digitalization, the Internet of Things (IoT), and Artificial Intelligence (AI), as well as their predictive capacities, improve transportation operations. AI has enabled, for example, back-office automation, predictive operations, intelligent transportation assets, and imaginative customer experience models. By digitising the entire order management, contracting, delivery, and payment process, new technologies are revolutionising the transportation sector.

In the transportation industry, digital transformation has proven to be a competitive driver for increasing a company's ROI. As a result, digital innovation has increased the significance and prominence of TMS, from connected warehouses to innovative autonomous last-mile delivery systems, giving the age-old industry an exciting area to drive change in order to improve society. The TMS market is expected to be driven by the transportation sector's ongoing digital transformation, which help to enhance production efficiency by increasing innovation and lowering the cost of a number of business activities.

However, as shippers, forwarders, transportation companies, and infrastructure owners digitise processes, the risks of data misuse and theft are increasing. According to the research, by 2025, the logistics industry could have lost $7 billion in revenue. Enterprises contain private information that must be protected in order to avoid data hacks and theft, which can harm a company's financial health. Also, Automation equipment, solutions, and software are necessary for the adoption of TMS solutions, which makes it quite costly. TMS implementation is low in several emerging countries due to high investment, which is estimated to limit market growth.
Transportation Management System (TMS) Market Segment Analysis:
Based on the Deployment Mode, the global Transportation Management System (TMS) market is segmented into Cloud and On-premises. The On-premises segment held the largest market share of 57% in 2021. Because of data security needs, quick access to the server, and superior control over modification, several large manufacturing, and distribution organizations still prefer on-premise TMS. However, as the advantages of cloud-based TMS become more widely recognized, incumbents across a variety of industries and industry verticals are estimated to switch to cloud-based TMS in droves over the forecast period.



The cloud segment is expected to grow at the highest CAGR of 18.24% in the global transportation management system (TMS) market during the forecast period. Distributors, vendors, and logistics providers can all benefit from a cloud-based TMS for planning and optimization. Companies are choosing cloud-based TMS because of the improved and efficient installation capabilities they can offer as data quantities continue to increase tremendously. When compared to on-premise TMS, cloud-based TMS can be more cost-effective, especially because cloud-based TMS has the cheaper licence and administrative costs.

Based on the Transportation Mode, the global Transportation Management System (TMS) market is segmented into Roadways, Railways, Airways and Maritime. The Roadways segment held the largest market share of 41.1% in 2021. Road transport is one of the most common modes of transportation in the globe. It is thought to be less expensive than other types of transportation. It is also thought to be cost-effective and versatile because to its ability to load and unload at any location. Concurrently, many governments, particularly in emerging economies, are implementing programmes to modernise transportation infrastructure, which is projected to drive demand for logistics via roadways and, as a result, promote the growth of the highways segment.

Based on the Vertical, the global Transportation Management System (TMS) market is segmented into Retail, Healthcare and Pharmaceutical, Manufacturing, Transportation and Logistics, Energy and Utilities, Government and Others. The Manufacturing segment held the largest market share of 36% in 2021. The growing number of manufacturing units in emerging economies including India and Mexico has enhanced the outsourced of inventory and raw materials for manufacture. The Indian government's 'Make in India' policy, for example, places a heavy emphasis on the growth of the home manufacturing industry and may boost indigenous production. Such projects work well for the industrial sector's growth during the forecast period.
Transportation Management System (TMS) Market Regional Insights:
North America held the largest market share of 30% in 2021. The cooperation of leading suppliers of transport management solutions such as Oracle Corporation, JDA Software Group, and CTSI Global, among others, is driving growth in the North American industry. Additionally, the region's early embrace of technology and rising demand for TMS systems from the e-commerce industry are expected to drive the transport system market in North America forward during the forecast period. Europe held the 2nd largest market share of 18.24% in 2021. TMS vendors in Europe focused their applications on providing a variety of shipment execution features as well as connecting sophisticated carrier networks.

Asia Pacific is expected to grow at a highest CAGR of 10.4% in the global Transportation Management System (TMS) market during the forecast period. . The growing retail and e-commerce industries in India, China, and Indonesia are likely to move the regional market forward throughout the forecast period. The initiatives and policies being created by various governments in the region to foster smart transportation innovation are estimated to fuel the growth of the Asia Pacific regional market.

The objective of the report is to present a comprehensive analysis of the global Transportation Management System (TMS) Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also helps in understanding the global Transportation Management System (TMS) Market dynamic, structure by analyzing the market segments and project the global Transportation Management System (TMS) Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Transportation Management System (TMS) Market make the report investor’s guide.
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Global Transportation Management System (TMS) Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 9.10 Bn.


Forecast Period 2022 to 2029 CAGR:
18.24%
Market Size in 2029:
US $ 34.78 Bn.


 Segments Covered:
by Component
• Solutions
• Planning and Execution
• Order Management
• Audit, Payment and Claims
• Reporting and Analytics
• Routing and Tracking
• Services
• consulting
• Integration and Implementation
• Support and Maintenance


by Deployment Mode
• Cloud
• On-premises


by Organization Size
• Large Enterprises
• Small & Medium Enterprises (SMEs)


by Transportation Mode
• Roadways
• Railways
• Airways
• Maritime


by Vertical
• Retail
• Healthcare and Pharmaceutical
• Manufacturing
• Transportation and Logistics
• Energy and Utilities
• Government
• Others



Transportation Management System (TMS) Market, by Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Transportation Management System (TMS) Market Key Players are:
• 3GTMS, Inc.
• CargoSmart Ltd.
• Descartes Systems Group, Inc.
• Manhattan Associates, Inc.
• BluJay Solution
• One Network Enterprises
• JDA Software Group, Inc.
• Oracle Corporation
• SAP SE
• Precision Software, Inc.
• TECSYS
• John Galt Solutions
• SuperProcure
• Axit AG
• CTSI-Global
• Blue Yonder
• GT Nexus
• Transentric
• Transporeon
• MercuryGate
• Alpega
• Nulogx
• Logistyx Technologies
• RateLinx
• Qiva
• Trimble
Frequently Asked Questions:
1] What segments are covered in Transportation Management System (TMS) Market report?
Ans. The segments covered in Transportation Management System (TMS) Market report are based on Component, Deployment Mode, Organization Size, Transportation Mode and Vertical.

2] Which region is expected to hold the highest share in the global Transportation Management System (TMS) Market?
Ans. North America is expected to hold the highest share in the global Transportation Management System (TMS) Market.

3] What is the market size of global Transportation Management System (TMS) Market by 2029?
Ans. The market size of global Transportation Management System (TMS) Market by 2029 is US $ 34.78 Bn.

4] Who are the top key players in the global Transportation Management System (TMS) Market?
Ans.3GTMS, Inc., Cargo Smart Ltd., Descartes Systems Group, Inc., Manhattan Associates, Inc., BluJay Solution and One Network Enterprise are the top key players in the global Transportation Management System (TMS) Market.

5] What was the market size of global Transportation Management System (TMS) Market in 2021?
Ans. The market size of global Transportation Management System (TMS) Market in 2021 was US $ 9.10 Bn.