Transportation Management System Market To Witness Huge Potential In The Future

The global transportation management system market size was evaluated at USD 13.61 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2030.

The global transportation management system market size was evaluated at USD 13.61 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2030. 

The factors driving the global transportation management system (TMS) market include the growth of retail and e-commerce industries, consistent advancement in technology leading to the introduction of innovative solutions in the market, and the strengthening of bilateral trade relations among various countries across the world. Further, TMS solutions help automate the manual tasks of supply chain operations, including planning and execution, route optimization, and shipment tracking. Thus, it helps reducing manual errors, saves time, and costs involved in managing transportation operations are the key factors driving the market growth. 

Gather more insights about the market drivers, restrains and growth of the Transportation Management System Market 

Transportation management systems play a primary role in supply chains, significantly affecting various aspects of the process, from operational planning, procurement, logistics, and lifecycle management. TMS offers deep visibility that helps in efficient transportation planning and monitoring, driving enhanced customer experience. Further, the dynamically expanding global trade environment and transits are making it highly crucial for businesses to have a TMS system that can allow them to successfully navigate complex transit operations and processes around trade policies and compliance. Thus, the following factors are aimed at driving the market growth. 

In recent years, transportation and logistics industries in emerging countries have come under significant pressure from growing consumer demands, rising competition from start-ups and rival logistics operators, and changing customer expectations. Most logistics companies in countries in the APAC region utilize advanced IoT technologies to localized inventory and manage orders instead of supply chains, fleets, and assets. For instance, Here Technologies, a location platform solution provider based in the Netherlands, conducted an "APAC on the Move 2023 Survey" to offer insights on the current trends in the supply chain, logistics, and fleet management. The survey offered insights on robotics, drones, machine learning, and artificial intelligence, which are the most likely investments among logistics companies in APAC. The survey found that 45% of APAC logistics companies are utilizing shipment monitoring and asset tracking solutions with manual inputs to shipments, tracking assets, and cargo. Thus, these are the primary factors expected to drive the market growth. 

AI is being implemented in several industries, including transportation, supply chain, and logistics. The growing size of data in transportation and supply chain management is driving the need for more effective data processing solutions. As such, transportation management systems are increasingly using AI to track data in real-time and optimize efficiency. For instance, several businesses in the transportation sector are using IBM Watson, which integrates AI in transportation management to identify damages to logistics assets. The solution also optimizes transportation routes and manages the network through its predictive analysis, thereby leveraging cognitive visual recognition capabilities that are anticipated to drive the market growth. 

Inefficiencies in transportation operations between the source and destination can significantly increase the overall cost and success of the operation. Similarly, it can also lead to customer dissatisfaction and frustration, tarnishing the brand’s reputation. Hence, various industries are involved in deploying advanced TMS solutions in their business processes to minimize errors and discrepancies, saving the company from financial losses and protecting its reputation. TMS aims to provide new forms of optimization solutions that can enhance the ROI for end-users and bring operational efficiency within the business processes. Deployment of TMS solutions also helps in noticeable freight savings by streaming and optimizing transportation and supply chain operations, including efficient routing, selection of low-cost transport modes, and better procurement negotiations. 

Key companies in the market are taking various strategic initiatives, including new product launches, mergers and acquisitions, and partnerships to offer advanced solutions and service offerings. For instance, in May 2023, BlackBerry Limited announced a strategic partnership with McLeod Software, a leading transportation management system provider. Based on the partnership, BlackBerry Radar, which offers innovative asset tracking and monitoring solutions for intermodal containers, chassis, trailers, equipment, and railcars, is aimed at integrating directly into McLeod Software's Loadmaster trucking dispatch management system with the intent to support McLeod's customers in gaining actionable and real-time insights on the status of their assets. 

Browse through Grand View Research's Automotive Transportation Industry Research Reports.

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Transportation Management System Market Segmentation 

Grand View Research has segmented the global transportation management system market based on solution, deployment, mode of transportation, end user, and region: 

Transportation Management System (TMS) Solution Outlook (Revenue, USD Billion, 2018 - 2030) 

  • Operational Planning
  • Freight  Order Management
  • Payment Claims Management
  • Monitoring Tracking
  • Reporting Analytics
  • Others 

Transportation Management System (TMS) Deployment Outlook (Revenue, USD Billion, 2018 - 2030) 

  • On-premise
  • Cloud 

Transportation Management System (TMS) Mode Of Transportation Outlook (Revenue, USD Billion, 2018 - 2030) 

  • Roadways
  • Railways
  • Waterways
  • Airways 

Transportation Management System (TMS) End User Outlook (Revenue, USD

Billion, 2018 - 2030) 

  • Retail Ecommerce
  • Manufacturing
  • Logistics
  • Government Organizations
  • Others 

Transportation Management System (TMS) Regional Outlook (Revenue, USD Billion, 2018 - 2030) 

  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK.
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Argentina
  • Middle East Africa
    • U.A.E
    • Saudi Arabia
    • South Africa 

Key Companies profiled:

  • BluJay Solutions Ltd.
  • Cargobase
  • Cerasis, Inc.
  • GoComet
  • 3GTMS
  • Infor Inc.
  • IBM Corporation
  • JDA Software Group, Inc.
  • Manhattan Associates
  • MercuryGate International, Inc.
  • Oracle Corporation
  • SAP SE
  • The Descartes System Group Inc. 
  • Trimble Transportation Enterprise Solutions, Inc. 

Order a free sample PDF of the Transportation Management System Market Intelligence Study, published by Grand View Research. 


Steve Rey

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