The global Transportation Management Systems (TMS) Market size was valued at USD 9.22 Billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 14.6% from 2022 to 2030
Transportation Management Systems (TMS) Market Overview
A Transportation Management Systems (TMS) is a platform designed to streamline the transportation process, a subset of the supply chain. We monitor, organize, manage and handle everything related to product transportation from ordering to final delivery. The popularity of the TMS platform continues to grow. According to a recent study, nearly 35% of businesses are currently using platforms to manage their transportation networks. As businesses grow with the increasing complexity of logistics and transportation, the need for a transportation management system cannot be overstated. Technically, TMS enables better trading and communication systems, enabling users to leverage vast amounts of real-time data, make easier decisions, and plan and strategize optimal transportation solutions.
The Transportation Management Systems (TMS) has recently published by Contrive Datum Insights to its huge database which helps to shape the future of the businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Transportation Management Systems (TMS) market.
Some Of the key players study are the
Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: JDA Software, Oracle Corporation, Manhattan Associates, Descartes, SAP SE, BluJay, TMW Systems, Omnitracs, ORTEC, HighJump, MercuryGate., and others.
- In June 2022, Descartes acquires XPS Technologies to expand its cloud-based multi-carrier parcel delivery service for small, medium and large e-commerce shippers.
- In May 2022, MercuryGate and Amazon partnered to give shippers the ability to take advantage of Amazon Freight's reliable network and competitive dynamic rates through the MercuryGate platform.
- In February 2022, Oracle and RHI Magnesita, the world's leading supplier of refractory products, selected Oracle Fusion Cloud Transportation Management, part of Oracle Fusion Cloud Supply Chain & Manufacturing (SCM), to help the company expand and modernize its technology.
What are the major Applications, Types, and Regions for the Transportation Management Systems (TMS) Market?
- Revenue forecast
- company ranking
- competitive landscape
- growth factors
- mode of transportation
- end use
- Single Sourcing
- Multiple Sourcing
- Hybrid Sourcing
- Logistics & Transport
Transportation Management Systems (TMS) Market Regional Insights:
North America dominated the global market with a revenue share of over 33.1% in 2021. Across several North American countries, regional authorities have built a connected infrastructure to facilitate smooth transportation, enabling the region to dominate the global market.
Asia Pacific is expected to register a significant growth rate during the forecast period. Continued growth in retail and e-commerce industries in India, China, Singapore, and Indonesia is expected to drive the growth of the regional market over the forecast period. Initiatives and policy drafts being pursued by various governments across Asia Pacific to create a favorable environment for the development and rollout of intelligent transportation systems are also expected to contribute to the growth of the regional market.
Additionally, manufacturing and production units have increased at a rapid rate in countries such as India and China. This has increased the demand for traffic management systems in the region. Therefore, with an expected growth rate of nearly 12.2%, transportation management systems revenue is expected to grow at the fastest pace in the Asia Pacific region.
Geographically, the global Transportation Management Systems (TMS) market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Transportation Management Systems (TMS) Market report scope:
Frequently Asked Questions (FAQ) about the Transportation Management Systems (TMS) market:
What is the CAGR of the global Transportation Management Systems (TMS) market?
The Transportation Management Systems (TMS) Market is growing at a CAGR of 14.6% During Forecast Period.
Which region would offer high growth for vendors in the Transportation Management Systems (TMS) market?
North America dominated the global market with a revenue share of over 33.1% in 2021.
Which Is the Most potential market segment?
By Types- Single Sourcing, Multiple Sourcing, Hybrid Sourcing
By Applications - Logistics & Transport, Manufacturing, Commercial, Retail, Others
Which are the top industry players in the Transportation Management Systems (TMS) market?
JDA Software, Oracle Corporation, Manhattan Associates, Descartes, SAP SE, BluJay, TMW Systems, Omnitracs, ORTEC, HighJump, MercuryGate.
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