Transportation management systems Market Size, Share Report, Analysis, Trends, Growth 2032

Transportation management systems Market

Transportation management systems Market By Component (Solution, Planning and Execution, Order Management, Audit, Payment and Claims, Reporting and Analytics, Routing and Tracking Services, consulting, Integration and Implementation, Support and Maintenance), By Transportation Mode (Roadways, Railways, Airways, Maritime), By Application (Retail, Healthcare and Pharmaceutical, Manufacturing, Transportation and Logistics, Energy and Utilities, Government, Others* (include construction and agriculture)), By Deployment Type (On-premises, Cloud), By Organization Size (Large Enterprises, SMEs) and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Category: Technology & Media Report Format : PDF Pages: 160 Report Code: ZMR-860 Published Date: Mar-2022 Status : Published

The global transportation management systems market was worth $8162.5 M in 2021 and is expected to reach $21811.9 M by 2028, growing at 17.8% CAGR.

Transportation management systems Market

Transportation management systems Market Industry Prospective:

The global transportation management systems market was worth around USD 8162.5 million in 2021 and is estimated to grow to about USD 21811.9 million by 2028, with a compound annual growth rate (CAGR) of approximately 17.8 percent over the forecast period. The report analyzes the transportation management systems market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the transportation management systems market.

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Transportation management systems Market: Overview

Transportation Management Systems helps organizations to streamline their operational functionality regarding accurate freight audit, logistic payments, route planning and optimization, freight tracking, and carrier management, which enhances the logistics and transportation industry.

Increasing demand for smart transportation will be governed largely by driverless transport systems for which transportation management systems are a compulsion because they will be the only way to manage and operate these systems. Increasing demand for connected infrastructure and high internet penetration will further bolster market potential over the forecast period.

However, high costs regarding deployment and adoption of transportation management systems and concerns regarding security of data are expected to have a restraining effect of the transportation management systems market growth to 2028.

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COVID-19 Impact:

The COVID-19 pandemic had a significantly adverse impact on the transportation management systems market. The transportation management systems market saw a major downfall owing to travel restrictions across the world to curb the spread of coronavirus infections. Disrupted supply chain and logistics activity on a global scale also led to a negative trend in the transportation management systems marketplace in this era.  

Strict restrictions prohibiting outdoor activity, international travel bans, closed borders of nations, and disrupted international trade are some other factors that hindered overall market growth in the year 2020.

The transportation management systems market is expected to see a boost in demand in the post-pandemic era as the travel activity resumes and demand for transportation management systems sees a hike. With industrial activity resuming there will be spike in demand for raw materials and other supplies which wil bolster demand for logistics over the forecast period.

Transportation management systems Market: Growth Drivers

Rapid Advancements in transportation and high technological proliferation

Advancements in technology have changed the world and have now become an essential part of all walks of life and transportation is no different from this. Demand for intelligent transportation has increased due to high internet infrastructure and growing technological advancements in the same. The establishment of smart cities, rapid digitization are other trends that will govern the transportation management systems market growth through 2028. Advanced technologies are increasing in integration with transportation management systems such as the Internet of Things (IoT), Artificial Intelligence (AI), machine vision, deep learning, and their predictive capabilities to manage a system more effectively are also expected to shape transportation management systems market growth.

Transportation management systems Market: Restraints

Data Security Issues

Transportation management systems are completely online and have the issue of being under a cyberattack which has substantially increased in recent times and has proven to be catastrophic in the wrong hands. Digitization of logistics and transportation management systems will be at risk until proper security of these systems will not prove which is what transportation management systems companies are striving to attain

Transportation management systems Market: Opportunities

Increasing Demand for Autonomous vehicles

Autonomous vehicles have been a dream of mankind for a while now and now the technology is finally there with some tweaks it might be something of a real-world application soon and this is a major opportunity for transportation management systems companies. They can deploy autonomous vehicle fleets and create effective transportation management systems that is less prone to error or flaws than conventional ones that are present now.

Global Transportation management systems Market: Segmentation

The global transportation management systems market is segregated based on component, transportation mode, deployment type, end user industry, organization size, application, and region.

By organization size, the market is divided into large enterprises and SMEs. The large enterprises segment will lead the market as these enterprises have high investment capacity and are capable of deploying a high cost system that will enable route optimization, carrier tracking, analytics, and other aspects of transportation. Increasing productivity and efficiency will drive the demand for transportation management systems in these large enterprises through 2028.

By component, the transportation management systems market is segmented into solution, planning and execution, order management, audit, payment and claims, reporting and analytics, routing and tracking services, consulting, integration and implementation, support, and maintenance. The consulting segment will emerge with a dominant outlook through the forecast period and will be a major contributor to transportation management systems market growth through 2028. Consulting services are important for end users as these systems are highly advanced and not many firms have the capability to manage and operate such advanced systems at a large scale.

Report Scope:

 

Recent Developments

  • In February 2020 – Eaton a leading name in the power management industry announced the acquisition of Power Distribution which is known for its power monitoring solution for industrial and commercial customers.

Regional Landscape

The market for transportation management systems in North America holds a major market share and is projected to be the dominant region through the forecast period. This can be attributed to the presence of key transportation management systems vendors such as 3GTMS, Corporation, Kuebix, Manhattan Associates, JDA Software Group Inc, and rapid adoption of advanced technologies in this region. High demand for road transport and effective road transport infrastructure will boost the transportation management systems market in this region. The United States and Canada are the major countries leading the demand in this region through 2028.

Competitive Landscape

Some of the main competitors dominating the global transportation management systems market include -  Oracle (US), SAP (US), Manhattan Associates (US), C.H. Robinson (US), Trimble (US),  Blujay Solutions (US), MercuryGate International (US), Blue Yonder (US), Transplace (US), Descartes Systems Group (Canada), E2open (US), Alpega Group (Belgium), 3Gtms (US), 3T Logistics & Technology Group (UK), Globaltranz (US), InMotion Global (US), vTradEx (China), MP Objects (US), Logistically (US), One Network Enterprises (US), Elemica (US), Tailwind Transportation Software (Canada), IntelliTrans (US), Allotrac (Australia), Revenova (US), Fretron (India), Ratelinx (US), Tracx Systems (Canada), WiseTech Global (Australia), Princeton TMX (US), CTSI Global (US),Generix Group (France), Unifaun (Sweden), Supplystack (Belgium), Efreightsolutions (US), Ultraship TMS (US)  and Infor (US).

Global transportation management systems market is segmented as follows:

Global Transportation management systems Market By Component

  • Solution
  • Planning and Execution
  • Order Management
  • Audit, Payment, and Claims
  • Reporting and Analytics
  • Routing and Tracking
  • Services
  • consulting
  • Integration and Implementation
  • Support and Maintenance

By Transportation mode

  • Roadways
  • Railways
  • Airways
  • Maritime

By Deployment Type

  • On-premises
  • Cloud

By organization size

  • Large Enterprises
  • Small and Medium-sized Enterprises

By Verticals

  • Retail
  • Healthcare and Pharmaceutical
  • Manufacturing
  • Transportation and Logistics
  • Energy and Utilities
  • Government
  • Others* (include construction and agriculture)

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

 

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

Increasing demand for logistics and rising technological proliferation in transportation are some major trends that guide transportation management systems market growth.

According to the Zion Market Research report, the global transportation management systems market was worth about US$ 8162.5 million in 2021 and is predicted to grow to around US$ 21811.9 million by 2028, with a compound annual growth rate (CAGR) of around 17.8 percent.

 

The market for transportation management systems in North America holds a major market share and is projected to be the dominant region through the forecast period. This can be attributed to the presence of key transportation management systems vendors

Some of the main competitors dominating the global transportation management systems market include -- Oracle (US), SAP (US), Manhattan Associates (US), C.H. Robinson (US), Trimble (US),  Blujay Solutions (US), MercuryGate International (US), Blue Yonder (US), Transplace (US), Descartes Systems Group (Canada), E2open (US), Alpega Group (Belgium), 3Gtms (US), 3T Logistics & Technology Group (UK), Globaltranz (US), InMotion Global (US), vTradEx (China), MP Objects (US), Logistically (US), One Network Enterprises (US), Elemica (US), Tailwind Transportation Software (Canada), IntelliTrans (US), Allotrac (Australia), Revenova (US), Fretron (India), Ratelinx (US), Tracx Systems (Canada), WiseTech Global (Australia), Princeton TMX (US), CTSI Global (US),Generix Group (France), Unifaun (Sweden), Supplystack (Belgium), Efreightsolutions (US), Ultraship TMS (US)  and Infor (US).

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