The Transportation Management Systems (TMS) Market Size was valued at USD 13.5 billion in 2023 and is expected to reach USD 49.04 billion by 2031 and grow at a CAGR of 17.5% over the forecast period 2024-2031.
A transportation management system (TMS) is a software platform that automates the transportation process, which is a component of the supply chain. It is responsible for monitoring, arranging, controlling, and handling all aspects of product transportation from the time an order is placed until it is delivered. The need for transportation management systems can never be overstated, given the increasing complexities of logistics and transportation as a business grows. Technically, TMS allows a superior transactional and communication system, allowing users to make better judgments, plan and strategize for ideal transportation solutions, and exploit huge real-time data.
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Transportation management solutions assist businesses in lowering overall costs, increasing shipment efficiency, and offering real-time supply chain information. Users can leverage cloud-based solutions to improve time-to-value by managing logistical processes more efficiently, connecting and collaborating with trading partners, and reusing and sharing supply chain data. Transportation management systems are also linked to freight savings as a result of process optimization, effective routing, and the use of low-cost modes of transportation.
KEY DRIVERS
The emergence of digitization, from connected warehouses to new mileage delivery systems, boosts the visibility of TMS.
Transportation and logistics industry technological advancements
RESTRAINTS
Concerns about security and privacy are increasing among businesses, which is limiting the TMS market's growth.
Companies with low financial resources are unable to invest in automation systems.
OPPORTUNITIES
Technology advancements, such as IoT and cloud-based services, present prospects for the market's overall growth.
The transportation and logistics business will be transformed by autonomous and networked cars.
CHALLENGES
The digitalization of transportation operations necessitates significant capital expenditures, all of which are costly.
The slow adoption of many IoT platforms and a large number of APIs are due to the integration complexity.
IMPACT OF COVID-19
Since the coronavirus outbreak, the worldwide transportation management systems market has suffered. As a result of the pandemic, a number of countries have imposed lockdowns and closed businesses save for critical services. These lockdowns have resulted in a significant decline in travel and transportation in recent years. The travel and tourism industry relies heavily on transportation. Companies in the sector must keep their fleets in good operating order in order to provide better services to their customers. With the rise of the general travel & tourist business, overall competition is increasing dramatically, and organizations are investing in expanding their supply chains and logistics channels by deploying complete transport management systems in order to compete effectively in the market. As several governments prepare to lift the lockdowns, demand for this software is expected to rebound in the coming months. The majority of enterprises have been given the authorization to continue operations in accordance with safety rules by the governments of several countries.
Market, By Component
Based on the Component segment, the global market has been divided into solution, and services. The solution segment dominated the global transportation management system market by component, since solutions aid in the optimization of the complete supply chain process, leading to improved profit margins and growth. However, because of the reduced time and costs associated with system optimization, the services segment is predicted to increase the most.
Market, By Deployment
Based on the development segment, the global market has been divided into on-premise, and cloud. In 2023, the on-premise sector had the biggest market share, with over 57 %. Several firms still prefer on-premise solutions because they provide easier access to the server, more customization options, and adequate data security. This has aided the segment's expansion.
Market, By Industry
Based on the industry segment, the global market has been divided into Retail, Energy & Utilities, Manufacturing, Healthcare & Pharmaceutical, Government Sector, and Others. In 2023, the manufacturing sector held the greatest market share of more than 35%. The growing number of industrial units in emerging economies has boosted demand for raw materials and, as a result, transportation costs.
Market, By Transportation Mode
Based on the transportation segment, the global market has been divided into roadways, airways, railways, and maritime. In 2023, the segment of the roadways had the biggest market share, accounting for more than 41%. Because it may load and unload at any location, road transportation is considered cost-effective and adaptable. The waterways segment is expected to increase at a significant rate. The airways segment is also expected to increase significantly.
By Component
Solution
Services
By Deployment
On-premise
Cloud
By Industry
Retail
Energy & Utilities
Manufacturing
Healthcare & Pharmaceutical
Government Sector
Others
By Transportation Mode
Roadways
Airways
Railways
Maritime
Because of the high number of companies and industry columns, North America dominates the transportation management system market. The TMS industry is one of the primary sectors in the North American landscape, delivering the largest income worldwide. The United States and Canada are collaborating to gain a larger portion of the market for transportation management systems. Furthermore, the transportation management system market in Canada is expected to grow at the quickest rate. Due to increased worldwide trade, Asia-Pacific is predicted to grow rapidly, particularly in emerging economies such as China and India. Furthermore, smartphone penetration is expanding in the Asia-Pacific area, owing to non-renewable revenue. Various elements all have a role in the growth of e-commerce in these sectors.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Palyers are Oracle (US), 3T Logistics & Technology Group (UK), Blue Yonder (US), Manhattan Associates (US), Trimble (US), Blujay Solutions (US), SAP (US), MercuryGate International (US), Transplace (US), Descartes Systems Group (Canada), Logistically (US), E2open (US), Alpega Group (Belgium), 3Gtms (US), Globaltranz (US), C.H. Robinson (US), InMotion Global (US), vTradEx (China), MP Objects (US), One Network Enterprises (US), Elemica (US), Tailwind Transportation Software (Canada), IntelliTrans (US), Allotrac (Australia), Revenova (US), Ratelinx (US), Tracx Systems (Canada), WiseTech Global (Australia), Princeton TMX (US), CTSI Global (US), Fretron (India), Generix Group (France), Unifaun (Sweden), Efreightsolutions (US), Ultraship TMS (US), Supplystack (Belgium), and Other Players
3T Logistics & Technology Group (UK)-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 15.99 Billion |
| Market Size by 2031 | US$ 56.94 Billion |
| CAGR | CAGR 16.7% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Component (Solution, Services) • by Deployment (On-premise, Cloud) • by Industry (Retail, Energy & Utilities, Manufacturing, Healthcare & Pharmaceutical, Government Sector, Others) • by Transportation Mode (Roadways, Airways, Railways, Maritime |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, +D11UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Oracle (US), 3T Logistics & Technology Group (UK), Blue Yonder (US), Manhattan Associates (US), Trimble (US), Blujay Solutions (US), SAP (US), MercuryGate International (US), Transplace (US), Descartes Systems Group (Canada), Logistically (US), E2open (US), Alpega Group (Belgium), 3Gtms (US), Globaltranz (US), C.H. Robinson (US), InMotion Global (US), vTradEx (China), MP Objects (US), One Network Enterprises (US), Elemica (US), Tailwind Transportation Software (Canada), IntelliTrans (US), Allotrac (Australia), Revenova (US), Ratelinx (US), Tracx Systems (Canada), WiseTech Global (Australia), Princeton TMX (US), CTSI Global (US), Fretron (India), Generix Group (France), Unifaun (Sweden), Efreightsolutions (US), Ultraship TMS (US), Supplystack (Belgium), and Infor (US) are some of the major vendors in the Transportation Management Systems Market. |
| Key Drivers | •Transportation and logistics industry technological advancements. |
| Market Opportunities | •The transportation and logistics business will be transformed by autonomous and networked cars. |
The market size of the Transportation Management Systems Market is expected to reach USD 49.04 billion by 2031.
The growth rate of the Transportation Management Systems Market is 17.5 % during the forecast period.
Oracle (US), 3T Logistics & Technology Group (UK), Blue Yonder (US), Manhattan Associates (US), Trimble (US), Blujay Solutions (US), SAP (US), MercuryGate International (US), Transplace (US), Descartes Systems Group (Canada), Logistically (US), E2open (US), Alpega Group (Belgium), and 3Gtms (US) are leading players in the Transportation Management Systems Market.
Transportation Management Systems Market is segmented into 4 categories: By Component, By Deployment, By Industry, and By Transportation Mode
North America region dominated the Transportation Management Systems Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Transportation Management Systems Market Segmentation, by Component
8.1 Solutions
8.2 Services
9. Global Transportation Management Systems Market Segmentation, by Deployment
9.1 On-premise
9.2 Cloud
10. Global Transportation Management Systems Market Segmentation, by Industry
10.1 Retail
10.2 Energy & Utilities
10.3 Manufacturing
10.4 Healthcare & Pharmaceutical
10.5 Government Sector
10.6 Others
11. Global Transportation Management Systems Market Segmentation, by Transportation Mode
11.1 Roadways
11.2 Airways
11.3 Railways
11.4 Maritime
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 the USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 the UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Oracle (US),
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 3T Logistics & Technology Group (UK)
13.3 Blue Yonder (US)
13.4 Manhattan Associates (US)
13.5 Trimble (US)
13.6 Blujay Solutions (US)
13.7 SAP (US)
13.8 MercuryGate International (US)
13.9 Transplace (US)
13.10 Descartes Systems Group (Canada)
13.11 Logistically (US)
13.12 E2open (US)
13.13 Alpega Group (Belgium)
13.14 3Gtms (US)
13.15 Globaltranz (US)
13.16 C.H. Robinson (US)
13.17 InMotion Global (US)
13.18 vTradEx (China)
13.19 MP Objects (US)
13.20 One Network Enterprises (US)
13.21 Elemica (US)
13.22 Tailwind Transportation Software (Canada)
13.23 Infor (US)
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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