The global transportation management systems market size is expected to reach USD 31.18 billion by 2030, registering a CAGR of 14.6% over the forecast period, according to a new report by Grand View Research, Inc. The market growth is attributed to the strong emphasis on automating the supply chain and logistics processes and the continuous development of e-commerce and retail industries. The growing need to increase visibility in the supply chain process by utilizing automated products and the increasing significance of data-driven technologies in the logistics industry are also likely to contribute to market growth.
The logistics industry has evolved significantly, corresponding to the inclusion of advanced technological solutions. The growing use of connected devices, data-driven software, and cloud-based platforms for various applications has encouraged companies to adopt advanced software such as Transportation Management Systems (TMS). TMS facilitates increased visibility, tracking of shipments in real-time, and timely delivery of services for satisfactory customer experiences. These factors are expected to drive the growth of the market.
The demand for Software-as-a-Service (SaaS)-based TMS is growing due to the cost-effectiveness and flexibility associated with the SaaS delivery model. Cloud-based services account for a significant share of the global TMS market. This large share is mainly ascribed to the increased adoption of cloud and subscription-based models by small & mid-sized companies in the industry. Furthermore, with the increasing demand for customized solutions, vendors are competing to offer advanced, on-demand software.
As part of the digital transformation trend, businesses are adopting various digital technologies for improving operational efficiencies and consumer experiences. TMS holds the potential to enhance productivity and decrease the cost of business operations. The higher ROI offered by TMS acts as a primary driver for market growth.
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The cloud segment is anticipated to register a significant CAGR over the forecast period owing to the continued digitalization, increasing adoption of subscription-based models at affordable prices, and rapid growth of the e-commerce industry in emerging economies
The airways segment is expected to register a considerable CAGR over the forecast period due to the growing demand for quick delivery of products from incumbents in the retail, e-commerce, healthcare, and logistics industries
The government organizations segment is anticipated to register a moderate CAGR over the forecast period due to the rising demand for traffic management solutions, including automatic number plate recognition, signaling, and parking management
North America accounted for the largest revenue share in 2021 owing to the increasing import and export activities across the U.S. and Canada, in turn driving the need for real-time tracking of products
Grand View Research has segmented the global transportation management systems market based on deployment, mode of transportation, end use, and region:
Transportation Management Systems Deployment Outlook (Revenue, USD Million, 2017 - 2030)
On-premise
Cloud
Transportation Management Systems Mode of Transportation Outlook (Revenue, USD Million, 2017 - 2030)
Roadways
Railways
Waterways
Airways
Transportation Management Systems End-use Outlook (Revenue, USD Million, 2017 - 2030)
Retail & E-commerce
Manufacturing
Logistics
Government Organizations
Others
Transportation Management Systems Regional Outlook (Revenue, USD Million, 2017 - 2030)
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
Asia Pacific
China
India
Japan
South America
Brazil
List of Key Players in the Transportation Management Systems Market
3GTMS
BluJay Solutions Ltd.
Cerasis, Inc.
C.H. Robinson Worldwide, Inc.
The Descartes Systems Group Inc.
Infor Inc.
International Business Machines Corporation
inet-logistics GmbH (Alpega Group)
JDA Software Group, Inc.
Manhattan Associates
MercuryGate International, Inc.
Oracle Corporation
SAP SE
Trimble Transportation Enterprise Solutions, Inc.
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