Transportation Management System Market was valued at USD 11.70 Bn. in 2022 and the total Transportation Management System revenue is expected to grow at 17.6% from 2023 to 2029, reaching nearly USD 36.39 Bn.
Transportation Management System Market Overview:
The goal of this research is to provide an overview of the Transportation Management System market as well as detailed market segmentation based on connection type, end-use, and geography. The study contains critical information on the market positions of the leading Transportation Management System players, as well as noteworthy industry trends and opportunities.
The analysis also focuses on the Global Transportation Management System market's key top industry players, providing information such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information. This study examines the Transportation Management System Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This report analyses the entire Transportation Management System Market Size from a global perspective by analyzing historical data and prospects.
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Transportation Management System Market Scope:
The report also focuses on the leading industry players in the Global Transportation Management System market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.
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Transportation Management System Market Dynamics:
A transportation management system (TMS), a subset of supply chain management that deals with transportation operations, may be included in an enterprise resource planning (ERP) system. TWMS is an addition to the standard TMS (Transportation and Warehouse Management System). TWMS assists supply chain managers in the day-to-day administration of their company by organising, directing, planning, shift and employee scheduling, inventory management, order receipt, order processing, picking, and shipping. By merging all of the capabilities of a traditional transportation management system (TMS) and a warehouse management system (WMS) into a single code set, it eliminates the need for integrations. A TWMS improves traditional WMS and TMS software applications by eliminating the need to construct an additional piece of software known as an add-on.
Transportation Management System Market Segmentation:
by Vertical
• Retail
• Healthcare and Pharmaceutical
• Manufacturing
• Transportation and Logistics
• Energy and Utilities
• Government
• Others
by Deployment Mode
• On-premises
• Cloud
The manufacturing vertical accounted for the greatest market share of more than 31% in the global Transportation Management System Market in 2022. The expansion of industrial facilities in developing countries such as Mexico and India has increased the demand for raw materials, resulting in an increase in transportation. For example, the Indian government's "Make in India" initiative actively encourages indigenous manufacturing and the expansion of the domestic manufacturing sector. Such actions bode well for the manufacturing sector's growth over the foreseeable term.
In terms of Deployment Mode, the on-premise category held a market share of more than 55% in 2022. Many businesses still prefer on-premise solutions because they allow simple access to the server, more control over customisation, and adequate data security. This has aided the segment's expansion. However, as awareness of the benefits of cloud-based solutions rises, rivals in various sectors and industry verticals are expected to aggressively move to cloud-based transportation management systems.
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Transportation Management System Market Key Players:
Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the Transportation Management System market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide Transportation Management System industry.
•Oracle(US)
• Elemica(US)
• 3Gtms(US)
• Shipwell(US)
• Group(US)
• MercuryGate International(US)
• Blue Yonder(US)
• Ratelinx(US)
• oTMS(US)
• Worldwide Express(US)
• Infor(US)
• Transplace(US)
•Manhattan Associatess(US)
• C.H. Robinson(US)
• E2open Trimble(US)
• WiseTech Global (Australia)
• Descartes Systems (Canada)
• Alpega Group( Belgium)
• Generix Group(France)
• 3T Logistics & Technology Group(UK)
• nShift(Finland)
• BlueRock Logistics(Netherlands)
• TESISQUARE(Italy)
• SAP (Germany)
• DDS Logistics(India)
Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the Transportation Management System market in these regions.
COVID-19 Impact Analysis on Transportation Management System Market:
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19's impact on the Transportation Management System market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Transportation Management System Market Report are:
- What will be the CAGR of the Transportation Management System market during the forecast period?
- Which segment emerged as the leading segment in the Transportation Management System market?
- Which are the prominent players in the Transportation Management System market?
- What will be the Transportation Management System market size by 2027?
- Which company held the largest share in the Transportation Management System market?
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