close
close

Global Transport Management System Industry Research

Posted on by darion

Dublin, July 03, 2024 (GLOBE NEWSWIRE) — The report “Global Transportation Management Systems Market by Offering (Solutions (Planning & Execution, Order Management, Analytics & Reporting, Routing & Tracking) and Services), Transportation Mode, End User, Vertical and Region – Forecast to 2029” has been added to Research & Marketing.com offering.

The transportation management system (TMS) market is estimated to grow from USD 16.0 billion to USD 40.3 billion at a compound annual growth rate (CAGR) of 20.2% during 2024–2029

Technologies such as artificial intelligence (AI), machine learning (ML) and the Internet of Things (IoT) are significantly enhancing the capabilities of TMS. AI and ML algorithms can predict demand patterns, optimize routes in real time and automate decision-making processes, reducing human error and increasing efficiency. IoT devices provide real-time data from vehicles and shipments, enabling proactive management of transportation operations. These technologies not only improve operational efficiency, but also enable better strategic planning and forecasting.

The main players in the TMS market are Oracle (USA), SAP (Germany), Manhattan Associates (USA), CH Robinson (USA), Trimble (USA), WiseTech Global (Australia), Descartes (Canada), E2open (USA), Generix Group (France), MercuryGate (USA), Blue Yonder (USA), Uber Freight (USA), Alpega Group (Belgium), Worldwide Express (USA), Infor (USA), Kinaxis (Canada).

These entities have adopted various growth strategies such as partnerships, agreements and collaborations, new product introductions, product enhancements and acquisitions to expand their TMS businesses.

The services segment is forecasted to record the highest compound annual growth rate (CAGR) during the forecast period.

TMS services include consulting, integration and implementation, and support and maintenance. Consulting services provide specialized expertise to assess and design customized logistics strategies that meet specific business requirements. Integration and implementation services ensure seamless implementation and integration of TMS solutions into existing operations, facilitating smooth transitions and maximizing system benefits.

Support and maintenance services offer ongoing technical support and regular updates to ensure consistent and optimal system performance, quickly resolving any operational challenges. Together, these services enable companies to fully leverage TMS solutions, increasing operational efficiency, reducing costs and achieving excellent logistics management capabilities.

The largest share in the transport management systems market in the forecast period was held by end users – freight forwarders.

Shippers are responsible for organizing and transporting their freight, relying on a robust TMS that offers a comprehensive set of capabilities. These include route planning, scheduling, carrier management, cloud-based freight auditing, and load-building tools.

TMS solutions benefit both shippers and service providers throughout the supply chain. Shippers are increasingly using TMS solutions to strengthen relationships with customers and suppliers. They are also leveraging advanced features such as route planning, rating systems, and real-time tracking to further optimize operations. This adoption underscores how TMS is a key tool for improving operational efficiency and streamlining overall logistics management in today’s competitive market environment.

Asia and the Pacific will record the highest growth rate over the forecast period.

The Asia-Pacific region is at the forefront of TMS market growth, driven by factors such as intense global competition, widespread adoption of smart devices and connected technologies, and significant investments in smart city initiatives. Countries such as India, China, and Vietnam are experiencing rapid economic growth, leading to increased adoption of connected solutions, including sensors and RFID tags that generate massive amounts of data.

This proliferation of data has raised the importance of TMS in optimizing transportation and logistics operations across the region. Moreover, diversification of transportation modes and operators, coupled with advancements in cloud and mobile technologies, is expected to further fuel the growth of the TMS market in the Asia Pacific region.

Key Features:

Report Attribute Details
number of pages 322
Forecast period 2024-2029
Estimated Market Value (USD) 2024 16 billion dollars
Projected Market Value (USD) to 2029 $40.3 billion
Compound Annual Growth Rate 20.2%
Regions covered Global

Premium Insight

  • Growing demand for transport management systems in e-commerce sector is driving the market
  • Retail and US will dominate the North American market in 2024
  • The road segment and China will have the largest share in the Asia-Pacific market in 2024.

Case Study Analysis

  • Tetra Pak Modernizes Global Logistics with Oracle Cloud
  • SAP helps Xiwei build an efficient transportation and delivery platform
  • Carhartt Implements Manhattan TMS Supply Chain Solution
  • Billerud Reshapes Outbound Logistics with Mercurygate TMS
  • Trimble Transportation Solutions Drive Efficiency and Innovation at Mccoy Group
  • Avery Dennison Implements Transplace TMS to Simplify U.S. and Mexican Customs Compliance

Market dynamics

Drivers

  • Using SaaS solutions in the cloud
  • Mergers and acquisitions of leading players in the TMS product market with startups
  • Strengthening bilateral trade relations between countries and increasing global trade
  • Technological advances in the transport and logistics industry
  • Growth in last mile deliveries in transportation

Limitations

  • Growing concerns about data security
  • Slow implementation due to high capital investment

Possibilities

  • Developing 5G Logistics
  • The use of autonomous and connected vehicles in transport and logistics
  • Growing adoption of cloud-based technologies and Industry 4.0

Challenges

  • Increase in the use of electric vehicles
  • Lack of awareness of TMS benefits among end users
  • History of the Transport Management System

Ecosystem analysis

  • Solution/Service Providers
  • System integrators
  • Carriers
  • Technology enablers

Regulatory Landscape

  • International Organization for Standardization
  • Iso/Iec Jtc
  • ISO/IEC 27001 standard
  • ISO/IEC 19770 standard
  • Iso/Iec Jtc 1/Swg
  • Iso/Iec Jtc 1/Sc
  • Iso/Iec Jtc 1/Sc
  • Iso/Iec Jtc 1/Wg
  • General Data Protection Regulation
  • Federal Motor Carrier Safety Administration (FMCSA)
  • Federal Highway Administration (FHWA)
  • Maritime Administration (Marad)
  • Federal Aviation Administration (FAA)
  • Federal Railway Administration (Fra)
  • Institute of Electrical Engineering and Electronics
  • Price/Iso
  • Price/Cenelec
  • European Telecommunications Standards Institute
  • Itu-T

Technology Analysis

  • Key technologies
  • Artificial Intelligence and Machine Learning
  • Blockchain
  • Internet of Things
  • Complementary technologies
  • Cloud computing
  • Robotic Process Automation
  • Neighboring technologies
  • Autonomous vehicles
  • Warehouse management systems

Company profiles

Main players

  • Oracle
  • SAP
  • Manhattan Associates
  • CH Robinson
  • Trimble
  • Global
  • Descartes
  • E2Open
  • Generix Group
  • Mercurygate International
  • Blue there
  • Uber Freight
  • Alpega Group
  • World Express
  • Information

Other players

  • Kinaxis
  • Ship well
  • 3T Group Logistics and Technology
  • Rate
  • OTM
  • Nshift
  • Bluerock TMS
  • Elemica
  • Tesisquare
  • Vtradex
  • Send
  • Global tranz
  • Global Inmotion
  • Logistically
  • One Network Enterprises
  • Smarttrans
  • Allocator
  • Revenowa
  • Princeton Tmx
  • Ctsi Global
  • Computer software
  • Ships

For more information on this report, please visit https://www.researchandmarkets.com/r/qcm9se

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. We provide the latest data on international and regional markets, key industries, leading companies, new products and the latest trends.

  • Global Transportation Management Systems Market