According to a new report by Expert Market Research titled, “Global Transportation Management Systems Market Share, Size, Report and Forecast 2024-2032″, the global transportation management systems market reached a value of USD 95.54 billion in 2023. Aided by the rising deployment of smart devices and increased research and development within the field, the market is projected to further grow at a CAGR of 15.90% between 2024 and 2032 to reach a value of nearly USD 232.12 billion by 2032.
Transportation management systems (TMS) are advanced software solutions designed to manage and optimise the daily operations of transportation fleets. These systems play an instrumental role in order routing, carrier selection, freight audit, payment, and order visibility, ensuring cost-effectiveness and operational efficiency. Beyond their primary functionalities, TMS also leverage cutting-edge technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and machine learning, which further refine the process of transportation management, making it smarter and more adaptive.
The realm of digital transformation across various industries has had its impact on transportation management systems as well, which contributed to the transportation management systems market size. Companies are increasingly pivoting towards cloud based TMS solutions, recognising the benefits of scalability, real-time tracking, and seamless integration capabilities they offer. As industries grapple with the complexities of global supply chains, these systems prove invaluable in offering visibility and control, vital components in today’s fast-paced commerce landscape.
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The continuous growth in e-commerce is another substantial driver for the transportation management systems market growth. With consumers expecting swift deliveries and real-time tracking, e-commerce giants and budding startups alike are leaning heavily on advanced TMS solutions. Such systems not only ensure timely deliveries but also follow most cost-effective routes and carriers, significantly influencing the market growth trajectory.
The transportation management systems market demand is expected to rise further owing to the growing push towards sustainability. Modern TMS solutions are being engineered to focus on green transportation. By calculating the most fuel-efficient routes or suggesting eco-friendly carriers, these systems are catering to businesses’ increasing inclination towards sustainability and carbon footprint reduction.
An in-depth transportation management systems market analysis highlights the growing emphasis on the seamless integration of TMS solution and their adaptability. With businesses operating on various software platforms across departments, the need for a TMS solution that seamlessly integrates with other enterprise software – be it ERP, WMS, or CRM – is quite essential. Moreover, in an industry where change is the only constant, the adaptability of these systems, their capability to evolve with changing business dynamics, is likely to increase.
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Market Segmentation
The market can be divided based on mode of transportation, deployment mode, end use, and region.
Market Breakup by Mode of Transportation
• Roadways
• Railways
• Waterways
• Airways
Market Breakup by Deployment Mode
• Hosted
• On-Premises
Market Breakup by End Use
• Retail and E-Commerce
• Manufacturing
• Logistics
• Government Organisations
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global transportation management systems market. Some of the major players explored in the report by Expert Market Research are as follows:
• 3Gtms, LLC
• BluJay Solutions LLC
• C.H. Robinson Worldwide, Inc.
• The Descartes Systems Group Inc.
• Infor Inc.
• Alpega Group
• Others
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