Transportation Management System Market Size & Share 2022-27 According to IMARC Group’s latest report, titled “Transportation Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global transportation management systems market reached a value of US$ 6.4 Billion in 2021. 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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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. Looking forward, IMARC Group expects the transportation management systems market to reach US$ 17.0 Billion by 2027, exhibiting a CAGR of 18.3% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with 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.
Market Segmentation:
Breakup by Transportation Mode:
- Railways
- Roadways
- Airways
- Waterways
Breakup by Offering:
- Software
- Hardware
- Services
Breakup by Deployment Type:
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, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- 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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