Transportation Management System Market Size, Share & Trends Report

Transportation Management System Market Size, Share & Trends Analysis Report By Solution(Operational Planning, Fright & Order Management), By Deployment, By Mode Of Transportation, By End User, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-2-68038-973-9
  • Number of Pages: 100
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2022
  • Industry: Technology

Research Methodology

A three-pronged approach was followed for deducing the transportation management system market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for transportation management system market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of transportation management system market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Transportation Management System Market Categorization:

The transportation management system market was categorized into four segments, namely solution (Operational Planning, Fright & Order Management, Payment & Claims Management, Monitoring & Tracking, Reporting & Analytics), deployment (On-premise, Cloud), mode of transportation (Roadways, Railways, Waterways, Airways), end user (Retail & Ecommerce, Manufacturing, Logistics, Government Organizations), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The transportation management system market was segmented into solution, deployment, mode of transportation, end user, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The transportation management system market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eighteen countries, namely, the U.S.; Canada; Mexico; the UK; Germany; France; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; U.A.E; Saudi Arabia; and South Africa

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Transportation management system market companies & financials:

The transportation management system market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • 3Gtms, LLC - 3Gtms, LLC designs and develops multi-modal transportation management solutions for logistics service providers, third-party logistics providers, and freight brokers. The company offers transportation management solutions such as Transportation Management Suite, Contract Management Suite, and LTL Rate Management Suite. The company also offers 3G-TM shipment management and planning software, which is marketed by Trimble. It has a strategic alliance with Trimble, under which the latter has made an equity investment in the former. 3Gtms, LLC has offices in Raleigh (North Carolina) and Wayne (Pennsylvania) in the U.S., as well as in Utrecht in the Netherlands. 

  • BluJay Solutions - BluJay Solutions offers supply chain software as well as products and solutions for the transport management system and warehouse management system. The company also provides customer support, training, and professional services. Its clientele includes logistics service providers, retailers, distributors, freight carriers, freight forwarders, transport companies, third-party logistics providers, and other incumbents of global trade. BluJay Solutions has a global presence spanning the Americas, Europe, the Middle East & Africa, and Asia Pacific. The company has several strategic partnerships with FedEx, DHL, and UPS. 

  • Cerasis, Inc. - Cerasis, Inc. is a third-party logistics company that provides logistics solutions to freight carriers and shippers across North America. The company provides various solutions, such as Cerasis Rater, a transportation management software used for freight logistics, freight shipment activity, and fright invoice analysis; CarrierLINK, an online portal to track shipment activity and claim status information; and Cerasis Bridge, an integrated solution that provides a connection between internal servers and web-based transportation management systems. The company also provides various transportation management solutions, such as Less-than-Truckload Freight Management, Full Truckload Management, Parcel Management, Freight Claims Management, White Glove Carrier Management, Reverse Logistics, and Inbound and Vendor Freight Management. 

  • C.H. Robinson Worldwide, Inc. - C.H. Robinson Worldwide, Inc. is a third-party logistics company that provides transportation services and logistics solutions to firms operating in various industries. The company offers various transportation services, such as truckload, less than truckload transportation, intermodal transportation, and non-vessel ocean carrier services. TMC, a division of C.H. Robinson Worldwide, Inc., offers managed Transportation Management Systems (TMS), which is a combination of logistics process management, consulting services, and global transportation management system software. It operates through a network of offices spread across North America, South America, Europe, and Asia, as well as in Australia and New Zealand. 

  • The Descartes Systems Group, Inc. - The Descartes Systems Group, Inc. primarily provides cloudbased network and logistics technology solutions to logisticsintensive businesses. The company’s logistics application suite includes various solutions and services, such as transportation management solutions, customs and regulatory compliance solutions, and warehouse management services. The Descartes Systems Group, Inc. has operations across North America, South America, Europe, the Middle East & Africa, and Asia Pacific. 

  • Infor Inc. - Infor Inc. provides enterprise software solutions to its customers in various industries such as manufacturing, automotive, and construction and engineering. It builds cloud-based application suites that include integrated applications to manage various business processes. The company’s CloudSuite comprises integrated applications for incumbents of consumer products, distribution, manufacturing, and service industries. It caters to several end-use industries, such as aerospace & defense, automotive, financial services, energy, healthcare, hospitality, industrial manufacturing, retail, and logistics, as well as to public sector companies and third-party logistics service providers. 

  • International Business Machines Corporation - International Business Machines Corporation is a multinational company that provides integrated technology services, such as integrated communication, maintenance and technical support, storage and data services, and security and privacy solutions. The company serves government agencies as well as incumbents operating in the banking, retail, and telecommunication industries, among others. It has various strategic partners, such as Adobe Inc.; Apple Inc.; Salesforce, Inc.; Samsung Electronics Co., Ltd.; Workday, Inc.; and Microsoft Corporation. The company has established its dealer and client network in over 140 countries across the globe. 

  • Alpega Group - Alpega Group develops cloud-based transport management solutions that can help customers in optimizing the transportation process. The solutions offered by the company include transportation management solutions, container management solutions, mobile solutions, and transportation analytics. Alpega Group also offers business services including consulting, training, project management, and business process outsourcing. The company’s clientele includes the incumbents of the automotive, pharmaceuticals, chemicals, high-tech engineering, FMCG, retail, and logistics, among other industries and industry verticals. 

  • JDA Software Group, Inc. - JDA Software Group, Inc. is a software and consulting company that provides solutions and services related to supply chain management, and manufacturing and retail operations planning. The company serves a diversified client base comprising the incumbents of various industries and industry verticals, including aerospace & defense, automotive, chemicals, paper, consumer electronics, food & beverage, life sciences, pharmaceuticals, and metals & semiconductors. 

  • Manhattan Associates - Manhattan Associates develops software solutions that can help manufacturers, retailers, logistics providers, and other organizations in managing the supply chain and inventory operations. Manhattan Associates categorizes its solutions under three basic categories, namely supply chain solutions, omnichannel solutions, and inventory solutions. The supply chain solutions comprise tools needed to manage distribution and transportation operations as well as to control the three main components of supply chain solutions, namely distribution management, transportation management, and visibility. The omnichannel solutions have order management, customer engagement, and point of sale as their core applications. The inventory solutions provide the ability to forecast demand and meet inventory needs. Manhattan Associates operates through its business centers located in the Americas, EMEA, and APAC regions.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Transportation Management System Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 - 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Transportation Management System Market Report Assumptions:

  • The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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