Transportation Management System Market - Forecast(2024 - 2030)
Transportation Management System Market Overview
Transportation Management System Market Size is
forecast to reach $23.36 billion by 2027, at a CAGR of 17.6% during 2022-2027. The transportation management system is a part of enterprise resource planning
which is a subset of supply chain management through which enterprises are able
to plan effectively for in- shipment of route planning documentation and
others. Transportation management allows tracking freight that’s on the road
and even receiving alerts to any transit exceptions or unforeseen delays from one
location. The increasing complexities of logistics & transportation have
resulted in connected warehouses to new mileage delivery services which
ultimately increases the value and presence of TMS, transforming the old
industry into an exciting place to drive change in community
development. An increase in demand for consumer goods leads along with the
usage of cloud computing to a greater requirement of trade and transportation
accomplishing the need for fleet management. An increase in the volume of trade goods
will have a direct implication on the number of transportation management
solutions & services. Hence,
these are some of the factors propelling the growth of the Transportation
Management System market in the forecast period 2022-2027.
Report Coverage
The report: “Transportation Management
System Market - Forecast Repost (2022 - 2027)" by Industry ARC, covers an
in-depth analysis of the following segments in the Transportation Management
System Market.
By Offering: Solution (Traffic & Route Management, Order Management,
Audit, Rating, Billing, Payment & Claims management, Fleet Monitoring &
Tracking, Staff management, Warehouse, Hub & Yard Management, Reporting
& Analytics, Others), Services (Training & Education, System
Integration, Support & Maintenance).
By Transportation Mode: Roadways, Railways, Airways, Maritime.
By Organization Size: Small & Medium Enterprises, Large Enterprises.
By Deployment: Cloud, On-Premises.
By End-Users: Healthcare & Pharmaceuticals, Manufacturing, Mining,
Marine, Energy & Utilities, Retail & E-Commerce, Transportation &
Logistics, Government, Others.
By Geography: North America (U.S, Canada, Mexico), South America (Brazil,
Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and
Others), APAC (China, Japan India, SK, Aus and Others) and RoW (the Middle East
and Africa).
Key Takeaways
- As the global demand for agricultural seeds is rising consistently, transportation management in the agricultural industry becomes even more vital in ensuring the agricultural production and food supply chain runs smoothly to prevent shortages across the world.
- The Transportation Management Systems Market Size is witnessing significant growth in the U.S. due to the advent of Solar PV and wind power technologies, both of which are recognized for their intermittent nature and also account for a large portion of the renewable energy potential in the United States. The problem necessitates the development of more efficient battery energy storage devices.
- Leading transport management solution providers in the U.S. are offering a multi-modal, automated solution through cloud-based services which helps organizations gain control of load planning/optimization, load tendering, carrier selection, shipping, tracking, freight audit and allocation of inbound and outbound shipments. These factors are increasing the transportation management system market share.
Global Transportation Management System Market, By Region, 2021
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Transportation Management System Market Segment Analysis - By Organization Size
The SMEs
is growing at a significant CAGR of 19.36 % in the forecast period. In the
transportation management system market, the Small and Medium Enterprises
(SMEs) category is expected to dominate and hold the largest market share. The
transportation management software and services help SMEs improve overall
business productivity by offering concise information with a faster response
time. Implementing these applications in SMEs through cloud-based services can
also help with tracking deliveries in real-time, increasing customer service and increasing supply chain management along with fleet management ultimately
increasing the transportation management system market share. As digitalization
affects the contours of organizations across industries, the concept of small
and medium-sized business models is destined to take on many new connotations.
Automation's penetration in enterprises of all sizes, large and small, is now
the sole avenue that creates a level playing field for both large and small
organizations. It is safe to conclude that in the coming years, the seamless
deployment of SME transportation management systems will be the core competency
that differentiates businesses.
Transportation Management System Market Segment Analysis - By Offerings
The transportation management system for solution market was valued at $5,819.85 Mn in 2021 and is
estimated to reach $14424.46 Mn by 2027, growing at around a CAGR of 16.27%
during 2022-2027. The solution is sub-segmented into traffic & route
management, order management, audit, rating, billing, payment & claims
management, fleet monitoring & tracking, staff management, warehouse, hub
& yard management, reporting & analytics and
others. A transportation management solution acts as a logistics
platform that uses technology to help businesses plan, execute and optimize
the physical movement of goods, both incoming and outgoing, ensuring that the
shipment is compliant and proper documentation is available. TMS provides
visibility into day-to-day transportation operations, trade compliance
information and documentation and ensures the timely delivery of freight and
goods. Transportation management systems also streamline the shipping process
and make it easier for businesses to manage and optimize their transportation
operations, thus increasing the transportation management system market share.
Transportation Management System Market Segment Analysis - By Geography
Transportation Management System Industry in the North American region held a significant market share of 34% in 2020. U.S. Transportation Management System Market Size was valued at $2192.74 Mn in 2021 and is estimated to reach $5069.98 Mn by 2027, growing at around a CAGR of 14.91% during 2022-2027. The growth of the U.S. Transportation Management System is majorly attributed to factors like the exceptional growth of e-commerce in the US which subsequently surged online purchases and raised retail sales. In order to fulfill the growing demand, distributors, retailers and manufacturers are adopting robust TMS for managing customer expectations and streamlining the shipping process, while making it easier for businesses to manage and optimize their transportation operations. Furthermore, the trend of automation has penetrated into every industry vertical in the U.S. including the supply chain management market. As a result, logistics processes need to be planned more quickly and in greater detail. The Transportation Management Solution perfectly coordinates the warehouse and the road. Hence, Transportation management solution has been widely adopted in the U.S. among manufacturers, distributors and third-party logistics providers (3PLs) as a part of streamlining planning and executing the physical movement of goods.
Transportation Management System Market Drivers
Digital transformation in the sector is projected to drive market expansion:
Integration
of the latest technologies such as blockchain and artificial intelligence, to
improve transportation management system capabilities is one of the most recent
and popular trends. The increasing preference for cloud-based services, Cloud
Computing, anti-theft GPS and IoT-enabled solutions to provide transparency and
security is pushing the use of sophisticated transportation management systems.
The introduction of AI-enabled, self-driving trucks, fleet management, as well
as the continuous development of 5G networks, are expected to change the
transportation Management System industry and create new potential for market
growth. The desire for greater agility in transportation and logistics
operations that enable businesses to generate better customer experiences is
being driven primarily by the industry's digital transformation. The Internet
of Things (IoT), big data and artificial intelligence (AI), as well as its
predictive capabilities, have resulted in smarter and more effective
transportation operations and this will help to boost the market growth.
AI-powered predictive analytics can assist transportation service providers in
optimizing route planning and delivery timetables. Furthermore, the
technology-based strategy provides increased asset performance through timely
maintenance, resulting in fewer failures.
Growing demand for E-commerce projected to drive the market:
With the internet gaining momentum and influence in all aspects of daily
life over the last 15 years, package transportation has seen an increase in its
reach and influence increasing the transportation management system market size.
Because of the popularity of e-commerce, a rising number of individuals are
purchasing things online rather than visiting brick-and-mortar establishments.
This dramatic shift in the e-commerce sector is forcing shippers to adjust
their supply chains to new technologies such as cloud computing and new ways
for consumers to purchase items online. The e-commerce sector is rapidly
expanding as more consumers use online platforms and smart gadgets for this
purpose. E-commerce is on course to overtake traditional sales channels. The
need for scalability, flexibility and visibility throughout the supply chain is
propelling the transportation system market. With the rising e-commerce market
around the world, the online retail market is evolving at a rapid pace and
customers are looking for highly tailored experiences, which support market
growth. As the transportation and logistics industries expand, the desire for
smarter, more efficient and faster shipping services becomes increasingly
vital, contributing considerably to the growth of the transportation management
system market.
Transportation Management System Market Challenge
Concerns about data security are growing and this will hinder market growth:
The risks
of data exploitation and theft are increasing as shippers, forwarders,
transportation companies and infrastructure providers digitize their
processes. Enterprises have confidential data that must be protected to avoid
data breaches and theft, which can harm the reputation of the enterprise as a
whole. Data from businesses can leak across the internet and be viewed by
unauthorized individuals, which is an increasing worry. For example, Transportation
Management System Industry necessitates multitenant architecture, in which a
single version of the software operates on a server shared by numerous
customers. In this case, subscribers of an enterprise may be able to examine
the data of competitors. These security risks pertaining to illegal data access
would endanger enterprise data security as well as competitive business
position.
Transportation Management System Market Landscape
Product launches, acquisitions,
Partnerships and R&D activities are key strategies adopted by players in
the Transportation Management System top 10 companies are Oracle
Corporation, SAP SE, C.H ROBINSON, TRIMBLE, Inc., Blujay Solutions, Blue Yonder,
Inlet-Logistics, Manhattan Associates, Metro Infrasys Private Limited,
Mercuryate International Inc., among others.
Recent Developments
- In 2022, C. H. Robinson announced a long-term strategic partnership with Waymo on mutually exploring the practical application of autonomous driving technology in both logistics and supply chains.
- In 2021, SAP Transportation Management announced merging with Sedna Systems to allow shippers to use both products to gain a whole new level of control over transportation management-related data.
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LIST OF TABLES
1.Global Transportation Management System Market Analysis By Transportation Mode Market 2023-2030 ($M)1.1 Roadways Market 2023-2030 ($M) - Global Industry Research
1.2 Railways Market 2023-2030 ($M) - Global Industry Research
2.Global Transportation Management System Market Analysis By Component Market 2023-2030 ($M)
2.1 Solution Type Market 2023-2030 ($M) - Global Industry Research
2.1.1 Traffic Management Market 2023-2030 ($M)
2.1.2 Operations Management Market 2023-2030 ($M)
2.2 Hardware Market 2023-2030 ($M) - Global Industry Research
2.2.1 Cameras Market 2023-2030 ($M)
2.2.2 Sensors Market 2023-2030 ($M)
2.3 Services Market 2023-2030 ($M) - Global Industry Research
2.3.1 Training & Education Market 2023-2030 ($M)
2.3.2 System Integration Market 2023-2030 ($M)
2.3.3 Support & Maintenance Market 2023-2030 ($M)
2.4 Hosted Market 2023-2030 ($M) - Global Industry Research
2.5 On-Premises Market 2023-2030 ($M) - Global Industry Research
2.6 Consumer Goods & Retail Market 2023-2030 ($M) - Global Industry Research
2.7 Parcel & Package Market 2023-2030 ($M) - Global Industry Research
2.8 Fire Station Market 2023-2030 ($M) - Global Industry Research
2.9 Hospital Market 2023-2030 ($M) - Global Industry Research
2.10 Travel & Tourism Market 2023-2030 ($M) - Global Industry Research
2.11 Mining Market 2023-2030 ($M) - Global Industry Research
3.Global Transportation Management System Market Analysis By Transportation Mode Market 2023-2030 (Volume/Units)
3.1 Roadways Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Railways Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Transportation Management System Market Analysis By Component Market 2023-2030 (Volume/Units)
4.1 Solution Type Market 2023-2030 (Volume/Units) - Global Industry Research
4.1.1 Traffic Management Market 2023-2030 (Volume/Units)
4.1.2 Operations Management Market 2023-2030 (Volume/Units)
4.2 Hardware Market 2023-2030 (Volume/Units) - Global Industry Research
4.2.1 Cameras Market 2023-2030 (Volume/Units)
4.2.2 Sensors Market 2023-2030 (Volume/Units)
4.3 Services Market 2023-2030 (Volume/Units) - Global Industry Research
4.3.1 Training & Education Market 2023-2030 (Volume/Units)
4.3.2 System Integration Market 2023-2030 (Volume/Units)
4.3.3 Support & Maintenance Market 2023-2030 (Volume/Units)
4.4 Hosted Market 2023-2030 (Volume/Units) - Global Industry Research
4.5 On-Premises Market 2023-2030 (Volume/Units) - Global Industry Research
4.6 Consumer Goods & Retail Market 2023-2030 (Volume/Units) - Global Industry Research
4.7 Parcel & Package Market 2023-2030 (Volume/Units) - Global Industry Research
4.8 Fire Station Market 2023-2030 (Volume/Units) - Global Industry Research
4.9 Hospital Market 2023-2030 (Volume/Units) - Global Industry Research
4.10 Travel & Tourism Market 2023-2030 (Volume/Units) - Global Industry Research
4.11 Mining Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Transportation Management System Market Analysis By Transportation Mode Market 2023-2030 ($M)
5.1 Roadways Market 2023-2030 ($M) - Regional Industry Research
5.2 Railways Market 2023-2030 ($M) - Regional Industry Research
6.North America Transportation Management System Market Analysis By Component Market 2023-2030 ($M)
6.1 Solution Type Market 2023-2030 ($M) - Regional Industry Research
6.1.1 Traffic Management Market 2023-2030 ($M)
6.1.2 Operations Management Market 2023-2030 ($M)
6.2 Hardware Market 2023-2030 ($M) - Regional Industry Research
6.2.1 Cameras Market 2023-2030 ($M)
6.2.2 Sensors Market 2023-2030 ($M)
6.3 Services Market 2023-2030 ($M) - Regional Industry Research
6.3.1 Training & Education Market 2023-2030 ($M)
6.3.2 System Integration Market 2023-2030 ($M)
6.3.3 Support & Maintenance Market 2023-2030 ($M)
6.4 Hosted Market 2023-2030 ($M) - Regional Industry Research
6.5 On-Premises Market 2023-2030 ($M) - Regional Industry Research
6.6 Consumer Goods & Retail Market 2023-2030 ($M) - Regional Industry Research
6.7 Parcel & Package Market 2023-2030 ($M) - Regional Industry Research
6.8 Fire Station Market 2023-2030 ($M) - Regional Industry Research
6.9 Hospital Market 2023-2030 ($M) - Regional Industry Research
6.10 Travel & Tourism Market 2023-2030 ($M) - Regional Industry Research
6.11 Mining Market 2023-2030 ($M) - Regional Industry Research
7.South America Transportation Management System Market Analysis By Transportation Mode Market 2023-2030 ($M)
7.1 Roadways Market 2023-2030 ($M) - Regional Industry Research
7.2 Railways Market 2023-2030 ($M) - Regional Industry Research
8.South America Transportation Management System Market Analysis By Component Market 2023-2030 ($M)
8.1 Solution Type Market 2023-2030 ($M) - Regional Industry Research
8.1.1 Traffic Management Market 2023-2030 ($M)
8.1.2 Operations Management Market 2023-2030 ($M)
8.2 Hardware Market 2023-2030 ($M) - Regional Industry Research
8.2.1 Cameras Market 2023-2030 ($M)
8.2.2 Sensors Market 2023-2030 ($M)
8.3 Services Market 2023-2030 ($M) - Regional Industry Research
8.3.1 Training & Education Market 2023-2030 ($M)
8.3.2 System Integration Market 2023-2030 ($M)
8.3.3 Support & Maintenance Market 2023-2030 ($M)
8.4 Hosted Market 2023-2030 ($M) - Regional Industry Research
8.5 On-Premises Market 2023-2030 ($M) - Regional Industry Research
8.6 Consumer Goods & Retail Market 2023-2030 ($M) - Regional Industry Research
8.7 Parcel & Package Market 2023-2030 ($M) - Regional Industry Research
8.8 Fire Station Market 2023-2030 ($M) - Regional Industry Research
8.9 Hospital Market 2023-2030 ($M) - Regional Industry Research
8.10 Travel & Tourism Market 2023-2030 ($M) - Regional Industry Research
8.11 Mining Market 2023-2030 ($M) - Regional Industry Research
9.Europe Transportation Management System Market Analysis By Transportation Mode Market 2023-2030 ($M)
9.1 Roadways Market 2023-2030 ($M) - Regional Industry Research
9.2 Railways Market 2023-2030 ($M) - Regional Industry Research
10.Europe Transportation Management System Market Analysis By Component Market 2023-2030 ($M)
10.1 Solution Type Market 2023-2030 ($M) - Regional Industry Research
10.1.1 Traffic Management Market 2023-2030 ($M)
10.1.2 Operations Management Market 2023-2030 ($M)
10.2 Hardware Market 2023-2030 ($M) - Regional Industry Research
10.2.1 Cameras Market 2023-2030 ($M)
10.2.2 Sensors Market 2023-2030 ($M)
10.3 Services Market 2023-2030 ($M) - Regional Industry Research
10.3.1 Training & Education Market 2023-2030 ($M)
10.3.2 System Integration Market 2023-2030 ($M)
10.3.3 Support & Maintenance Market 2023-2030 ($M)
10.4 Hosted Market 2023-2030 ($M) - Regional Industry Research
10.5 On-Premises Market 2023-2030 ($M) - Regional Industry Research
10.6 Consumer Goods & Retail Market 2023-2030 ($M) - Regional Industry Research
10.7 Parcel & Package Market 2023-2030 ($M) - Regional Industry Research
10.8 Fire Station Market 2023-2030 ($M) - Regional Industry Research
10.9 Hospital Market 2023-2030 ($M) - Regional Industry Research
10.10 Travel & Tourism Market 2023-2030 ($M) - Regional Industry Research
10.11 Mining Market 2023-2030 ($M) - Regional Industry Research
11.APAC Transportation Management System Market Analysis By Transportation Mode Market 2023-2030 ($M)
11.1 Roadways Market 2023-2030 ($M) - Regional Industry Research
11.2 Railways Market 2023-2030 ($M) - Regional Industry Research
12.APAC Transportation Management System Market Analysis By Component Market 2023-2030 ($M)
12.1 Solution Type Market 2023-2030 ($M) - Regional Industry Research
12.1.1 Traffic Management Market 2023-2030 ($M)
12.1.2 Operations Management Market 2023-2030 ($M)
12.2 Hardware Market 2023-2030 ($M) - Regional Industry Research
12.2.1 Cameras Market 2023-2030 ($M)
12.2.2 Sensors Market 2023-2030 ($M)
12.3 Services Market 2023-2030 ($M) - Regional Industry Research
12.3.1 Training & Education Market 2023-2030 ($M)
12.3.2 System Integration Market 2023-2030 ($M)
12.3.3 Support & Maintenance Market 2023-2030 ($M)
12.4 Hosted Market 2023-2030 ($M) - Regional Industry Research
12.5 On-Premises Market 2023-2030 ($M) - Regional Industry Research
12.6 Consumer Goods & Retail Market 2023-2030 ($M) - Regional Industry Research
12.7 Parcel & Package Market 2023-2030 ($M) - Regional Industry Research
12.8 Fire Station Market 2023-2030 ($M) - Regional Industry Research
12.9 Hospital Market 2023-2030 ($M) - Regional Industry Research
12.10 Travel & Tourism Market 2023-2030 ($M) - Regional Industry Research
12.11 Mining Market 2023-2030 ($M) - Regional Industry Research
13.MENA Transportation Management System Market Analysis By Transportation Mode Market 2023-2030 ($M)
13.1 Roadways Market 2023-2030 ($M) - Regional Industry Research
13.2 Railways Market 2023-2030 ($M) - Regional Industry Research
14.MENA Transportation Management System Market Analysis By Component Market 2023-2030 ($M)
14.1 Solution Type Market 2023-2030 ($M) - Regional Industry Research
14.1.1 Traffic Management Market 2023-2030 ($M)
14.1.2 Operations Management Market 2023-2030 ($M)
14.2 Hardware Market 2023-2030 ($M) - Regional Industry Research
14.2.1 Cameras Market 2023-2030 ($M)
14.2.2 Sensors Market 2023-2030 ($M)
14.3 Services Market 2023-2030 ($M) - Regional Industry Research
14.3.1 Training & Education Market 2023-2030 ($M)
14.3.2 System Integration Market 2023-2030 ($M)
14.3.3 Support & Maintenance Market 2023-2030 ($M)
14.4 Hosted Market 2023-2030 ($M) - Regional Industry Research
14.5 On-Premises Market 2023-2030 ($M) - Regional Industry Research
14.6 Consumer Goods & Retail Market 2023-2030 ($M) - Regional Industry Research
14.7 Parcel & Package Market 2023-2030 ($M) - Regional Industry Research
14.8 Fire Station Market 2023-2030 ($M) - Regional Industry Research
14.9 Hospital Market 2023-2030 ($M) - Regional Industry Research
14.10 Travel & Tourism Market 2023-2030 ($M) - Regional Industry Research
14.11 Mining Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Transportation Management System Market Revenue, 2023-2030 ($M)2.Canada Transportation Management System Market Revenue, 2023-2030 ($M)
3.Mexico Transportation Management System Market Revenue, 2023-2030 ($M)
4.Brazil Transportation Management System Market Revenue, 2023-2030 ($M)
5.Argentina Transportation Management System Market Revenue, 2023-2030 ($M)
6.Peru Transportation Management System Market Revenue, 2023-2030 ($M)
7.Colombia Transportation Management System Market Revenue, 2023-2030 ($M)
8.Chile Transportation Management System Market Revenue, 2023-2030 ($M)
9.Rest of South America Transportation Management System Market Revenue, 2023-2030 ($M)
10.UK Transportation Management System Market Revenue, 2023-2030 ($M)
11.Germany Transportation Management System Market Revenue, 2023-2030 ($M)
12.France Transportation Management System Market Revenue, 2023-2030 ($M)
13.Italy Transportation Management System Market Revenue, 2023-2030 ($M)
14.Spain Transportation Management System Market Revenue, 2023-2030 ($M)
15.Rest of Europe Transportation Management System Market Revenue, 2023-2030 ($M)
16.China Transportation Management System Market Revenue, 2023-2030 ($M)
17.India Transportation Management System Market Revenue, 2023-2030 ($M)
18.Japan Transportation Management System Market Revenue, 2023-2030 ($M)
19.South Korea Transportation Management System Market Revenue, 2023-2030 ($M)
20.South Africa Transportation Management System Market Revenue, 2023-2030 ($M)
21.North America Transportation Management System By Application
22.South America Transportation Management System By Application
23.Europe Transportation Management System By Application
24.APAC Transportation Management System By Application
25.MENA Transportation Management System By Application
26.SAP SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Oracle Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Manhattan Associates, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Descartes, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Inet-Logistics GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Blujay Solutions, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Efkon AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Metro Infrasys Private Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)