NEW
YORK, June 24, 2024 /PRNewswire/ -- The
global transportation management systems market size is
estimated to grow by USD 4.36 mn
from 2024-2028, according to Technavio. The market is estimated to
grow at a CAGR of over 11.87% during the forecast
period. Increasing number of smart-connected devices is
driving market growth, with a trend towards emergence of
meta-intelligence concept in TMS. However, data privacy
concerns poses a challenge. Key market players include
3M Co., 3T Logistics Ltd., Alpega SA
NV, C H Robinson Worldwide Inc., Continental Traffic Service Inc.,
Descartes Systems Group Inc., E2open Parent Holdings Inc.,
GlobalTranz Enterprises LLC, Koch Industries Inc., Manhattan
Associates Inc., MercuryGate International Inc., Next Generation
Logistics Inc., Omnitracs LLC, One Network Enterprises Inc., Oracle
Corp., Panasonic Holdings Corp., QAD Inc., SAP SE, Trimble Inc.,
and Uber Technologies Inc..
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Transportation
Management Systems Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
11.87%
|
Market growth
2024-2028
|
USD 4366.8
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
10.72
|
Regional
analysis
|
North America, Europe,
APAC, Middle East and Africa, and South America
|
Performing market
contribution
|
North America at
36%
|
Key
countries
|
US, China, Germany, UK,
and Japan
|
Key companies
profiled
|
3M Co., 3T Logistics
Ltd., Alpega SA NV, C H Robinson Worldwide Inc., Continental
Traffic Service Inc., Descartes Systems Group Inc., E2open Parent
Holdings Inc., GlobalTranz Enterprises LLC, Koch Industries Inc.,
Manhattan Associates Inc., MercuryGate International Inc., Next
Generation Logistics Inc., Omnitracs LLC, One Network Enterprises
Inc., Oracle Corp., Panasonic Holdings Corp., QAD Inc., SAP SE,
Trimble Inc., and Uber Technologies Inc.
|
Market Driver
Transportation Management Systems (TMS) are evolving with the
integration of meta-intelligence, combining business intelligence
and data analytics. This enhancement provides comprehensive
operational visibility, enabling informed decisions and maximum
facility utilization. Big data and IoT analytics are key
components, offering real-time inventory monitoring and predictive
capabilities. Cloud-based TMS solutions offer cost-effective
alternatives, enabling real-time data access and streamlined IT
support. The convergence of technologies like GPS trackers, 3D
printers, and AI optimizes transportation management strategies,
driving market growth during the forecast period.
The Transportation Management System (TMS) market is currently
experiencing significant growth, driven by the need for efficient
and effective supply chain management. Companies are seeking to
optimize their logistics operations through the use of advanced
technologies such as real-time tracking, predictive analytics, and
automation. TMS solutions enable businesses to manage their
transportation networks, from planning and execution to tracking
and reporting. This results in improved visibility, reduced costs,
and increased customer satisfaction. Additionally, the integration
of TMS with other systems, such as Warehouse Management Systems
(WMS) and Enterprise Resource Planning (ERP) systems, provides a
seamless end-to-end solution. The use of cloud-based TMS is also on
the rise, offering flexibility and scalability to businesses of all
sizes. Overall, the TMS market is expected to continue growing as
more companies recognize the benefits of implementing these systems
to streamline their logistics operations.
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Market Challenges
• In the rapidly
evolving transportation management systems (TMS) market, data
privacy and security are paramount concerns. With the
interconnection of multiple devices and reliance on private and
public networks, a secure environment is essential for transferring
critical data. Interoperability issues may arise, leading to
cybersecurity risks and potential data breaches. The economic
consequences of cyberattacks in industries can be substantial,
threatening sensor and device data accessibility via the Internet.
This heightened risk may deter adoption of TMS, hindering market
growth during the forecast period.
• Transportation
Management Systems (TMS) play a crucial role in logistics and
supply chain management. However, implementing these systems comes
with challenges. One major challenge is integrating different
systems and technologies for seamless data flow. Another challenge
is ensuring real-time visibility and tracking of shipments.
Additionally, managing complex transportation networks and
optimizing routes can be time-consuming and resource-intensive.
Furthermore, ensuring compliance with regulations and maintaining
security are ongoing concerns. Lastly, training staff to
effectively use the TMS and adapting to changes can also present
challenges. Despite these hurdles, TMS offer significant benefits,
including improved efficiency, reduced costs, and enhanced customer
service.
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challenges - Request a sample report!
Segment Overview
This transportation management systems market report extensively
covers market segmentation by
- Solution
- 1.1 On-premise
- 1.2 Cloud-based
- Mode Of Transportation
- 2.1 Roadways
- 2.2 Airways
- 2.3 Railways
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 On-premise- Transportation Management Systems
(TMS) streamline the movement of goods from one place to another.
These systems help businesses manage their freight transportation,
optimize logistics, and improve supply chain efficiency. TMS
provide real-time visibility into the transportation process,
enabling companies to make informed decisions and reduce costs.
They also facilitate communication between shippers, carriers, and
third-party logistics providers, ensuring smooth transportation and
timely delivery.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Transportation Management Systems (TMS) market is
experiencing significant growth due to the integration of advanced
technologies such as AI, machine learning, cognitive visual
recognition, and Big Data. Intelligent TMS solutions are
revolutionizing the logistics industry by optimizing routes,
minimizing disruptions, and improving carrier selection. Digital
technology is enabling real-time data exchange between SMEs and the
IT department, leading to operational efficiency gains. Autonomous
vehicles, platooning systems, drones, and route optimization are
transforming the way goods are transported. Procurement and
financial losses are also being addressed through TMS platforms,
ensuring a streamlined and cost-effective logistics process.
Market Research Overview
The Transportation Management System (TMS) market refers to a
dynamic and evolving industry focused on optimizing the movement of
goods from one location to another. These systems utilize advanced
technologies such as real-time analytics, IoT, and machine learning
to streamline logistics operations, improve supply chain
visibility, and reduce costs. TMS solutions enable businesses to
manage their freight transportation, inventory, warehousing, and
order fulfillment in a unified platform. The market for these
systems is significant, with numerous applications across various
industries, including manufacturing, retail, healthcare, and
e-commerce. The adoption of TMS is driven by the need for efficient
and cost-effective transportation solutions, increasing
globalization, and the growing complexity of supply chains.
Additionally, the integration of these systems with other business
applications, such as ERP and CRM, further enhances their value
proposition. Overall, the TMS market presents a robust growth
opportunity for businesses seeking to optimize their logistics
operations and gain a competitive edge.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Solution
-
- Mode Of Transportation
-
- Roadways
- Airways
- Railways
- Geography
-
- North America
- Europe
- APAC
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio