Global Transportation Management System Market, By Transportation Mode (Railways, Roadways), Component (Solution Type, Hardware, Services), Deployment Mode (Hosted, On-Premises)-Industry Trends and Forecast to 2029.
Global Transportation Management System Market Analysis and Size
Transportation management is currently considered a subset of modern supply chain management technologies. Whether in-house or outsourced, supply chains are hampered by deadlines and the need for excellence in order to meet demand and supply side expectations. From quotation through delivery, transportation management systems have been automating the entire process. Furthermore, these systems consolidate procedures, allowing for planning for both anticipated and unanticipated occurrences, and reduce overall supply chain stress.
- on-premise segment are expected to hold a larger share in the transportation management system market due to the because of the data security requirements, simple access to the server, and superior control over customisation, several large manufacturing and distribution organisations still prefer on-premise transportation management system. Data Bridge Market Research analyses that the transportation management system market was valued at USD 10.08 billion in 2021 and is further estimated to reach USD 30.41 billion by 2029, and is expected to grow at a CAGR of 14.8% during the forecast period of 2022 to 2029.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Transportation Mode (Railways, Roadways), Component (Solution Type, Hardware, Services), Deployment Mode (Hosted, On-Premises)
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Countries Covered
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U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA)
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Market Players Covered
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Oracle (US), Manhattan Associates. (US), THE DESCARTES SYSTEMS GROUP INC (Canada), CTSI-GLOBAL (US), Alpega Group (Belgium), BluJay Solutions Ltd. (US), Metro Infrasys Pvt. Ltd. (India), Software Group (Bulgaria), 3GTMS (US), Infor. (US), C.H. Robinson Worldwide, Inc (US), THE DESCARTES SYSTEMS GROUP INC (Canada), BluJay Solutions Ltd. (US), MercuryGate (US), Omnitracs (US), Next Generation Logistics, Inc (US).
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Market Opportunities
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Global Transportation Management System Market Definition
A transportation management system (TMS) is a software platform that automates the transportation process, which is a part of the supply chain. From the time an order is placed until it is delivered, it is responsible for monitoring, arranging, managing, and handling all aspects of product transportation.
Transportation Management System Market Dynamics
Major factors that are expected to boost the growth of the transportation management system market in the forecast period are as follows:
Drivers:
- Rise in the transportation and logistics industry
Digital transformation across the industry is driving the desire for more agility in transportation and logistics operations that help businesses deliver improved customer experiences which will further accelerate the market growth.
- Technological developments
Constant technical advancements in artificial intelligence (AI), as well as increased expenditures in the development of sensors and vision technologies, are driving demand for autonomous cars to alter various areas of transportation is further anticipated to propel the growth of the transportation management system market.
- Growing popularity for E-commerce
The usage of transportation management systems in the transportation and logistics sector is increasing in tandem with the growing trend of E-commerce. The E-commerce business can profit from a transportation management system that helps them locate the most cost-effective shipping choices is further contributing the growth of the transportation management system market.
Opportunities
In addition, the independent and connected vehicles to transform the transportation and logistics industry is further estimated to provide potential opportunities for the growth of the transportation management system market in the coming years.
Restraints/Challenges Global Transportation Management System Market
On the other hand, the rise in the concerns over data security is further projected to impede the growth of the transportation management system market in the targeted period. However, the sluggish adoption of TMS solution because of increased capital investment which might further challenge the growth of the transportation management system market in the near future.
This transportation management system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the transportation management system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Transportation Management System Market
The pandemic of COVID-19 has had a huge impact on the transportation management system market. The COVID-19 pandemic has had a mild impact on the transportation management system market, with a 3-4% growth rate. The current market volatility has highlighted the importance of supply networks in global firms' overall success and valuation. The COVID-19 epidemic has put a huge strain on global supply chains, which are scrambling to finish and dispatch orders as soon as possible. With budget constraints and the need to stay connected through technology, it's more critical than ever for transportation and logistics organisations to have a solid mobility plan in place. However, in the post-COVID scenario, transportation management system market is projected to be positively impacted.
Recent Development
- In February 2020, Power Distribution, a US provider of mission-critical power distribution, static switching, and power monitoring equipment and services for data centres, industrial, and commercial customers, was bought by Eaton. The company's data centre power distribution and monitoring solutions will be expanded as a result of this acquisition.
Global Transportation Management System Market Scope and Market Size
The transportation management system market is segmented on the basis of transportation mode, component and deployment mode. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Transportation Mode
- Railways
- Roadways
On the basis of transportation mode, the transportation management system market is segmented into railways and roadways.
Component
- Solution Type
- Hardware
- Services
On the basis of component, the transportation management system market is segmented into solution type, hardware and services.
Deployment Mode
- Hosted
- On-Premises
On the basis of deployment mode, the transportation management system market is segmented into hosted and on-premises.
Transportation Management System Market Regional Analysis/Insights
The transportation management system market is analysed and market size insights and trends are provided by country, transportation mode, component and deployment mode as referenced above.
The countries covered in the transportation management system market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America dominates the transportation management system market due to the occurrence of major transportation management solutions providers. Furthermore, the rise in the adoption of technology and high demand for TMS systems from the e-commerce sector will further boost the growth of the transportation management system market in the region during the forecast period.
Asia-Pacific is projected to observe significant amount of growth in the transportation management system market due to the development of transportation management system. Moreover, the increase in the retail and e-commerce industries in several countries is further anticipated to propel the growth of the transportation management system market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Transportation Management System Market Share Analysis
The transportation management system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to transportation management system market.
Some of the major players operating in the transportation management system market are:
- Oracle (US)
- Manhattan Associates. (US)
- THE DESCARTES SYSTEMS GROUP INC (Canada)
- CTSI-GLOBAL (US)
- Alpega Group (Belgium)
- BluJay Solutions Ltd. (US)
- Metro Infrasys Pvt. Ltd. (India)
- Software Group (Bulgaria)
- 3GTMS (US)
- Infor. (US)
- C.H. Robinson Worldwide, Inc (US)
- THE DESCARTES SYSTEMS GROUP INC (Canada)
- BluJay Solutions Ltd. (US)
- MercuryGate (US)
- Omnitracs (US)
- Next Generation Logistics, Inc (US)
Research Methodology : Global Transportation Management System Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis.
To know more about the research methodology, drop in an inquiry to speak to our industry experts
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