Market Highlights
Market Research Future (MRFR) predicts the Global Transportation Management System (TMS) Market size to expand at a CAGR of 17.3% to reach USD 35.42 Billion from 2017–2025 (forecast period). Key factors propelling the growth of the TMS industry include technological developments in the transport and logistics sector and the rapid growth in the eCommerce industry.
Transportation Management System Market Drivers/TMS Market Trends
Technological Innovations in the Transportation and Logistics Industry to Boost Market Growth
Technological innovations in the transportation and logistics industry will boost the market growth over the forecast period. The demand for higher agility in transport and logistics operations which enables companies in offering superior customer service is driven mostly by digital transformation across the industry. Most companies are embracing new technologies as a part of the digital transformation trend, creating unparalleled opportunities for operational efficiency, richer customer experience, and sustainability, and new business models. Advanced technologies such as AI, IoT, and big data and their predictive capabilities make transport operations more efficient and smarter. This will impact the transportation management systems market share.
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Key Players
Eminent players profiled in the global Transportation Management Systems Market Analysis report Oracle Corporation (US),,JDA Software Group Inc. (US),,Manhattan Associates Inc. (US),,Descartes Systems Group Inc. (Canada),,SAP SE (Germany),,BluJay Solutions Ltd (US),,CTSI-GLOBAL (US),,EFKON GmbH (Austria),,Alpega Group (Austria),,HighJump (US),,MercuryGate (US),,One Network (US),,QAD Precision (US),,Cargosmart (Hong Kong),,Next Generation Logistics (US) ORTEC (The Netherlands),,TMW Systems (US),,Omnitracs LLC (US).
Key players are incorporating several strategies to stay at the forefront such as mergers and acquisitions, partnerships, new product launches, and others.
Segmentation:
By Component
- Solution
- Hardware
- Services
By Deployment
- On-premise
- Cloud
By Industry
- Retail
- Travel and Tourism
- Healthcare
- Construction and Mining,
- Others
Regional Analysis
North America to Remain Frontrunner in Transportation Management Systems Market
North America will remain frontrunner in transportation management systems market in the forecast period. It is predicted to touch USD 1,241.0 million at a 5.9% CAGR by 2027. The presence of major transport management solutions, early adoption of technology, and increase in demand for TMS systems from the e-commerce sector are adding to the global transportation management systems market growth in the region over the forecast period.
Industry Updates
Hy-Vee Inc. has chosen in implementing Manhattan Associates’ transportation management system for boosting visibility and efficiency of its logistics network and aid with its supply chain operations. The solution will improve supply chain ops and logistics.
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Transportation Management System (TMS) Market Research Report: By Component (Solution Hardware and Services), By Deployment (On-Premise and On-Cloud), By Industry (Retail, Travel and Tourism, Healthcare, Construction, Others) – Forecast till 2027
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