Transportation Management System - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Transportation Management System Market is accounted for $100.13 billion in 2018 and is expected to reach $486.44 billion by 2027 growing at a CAGR of 19.2%. Digital revolution in transport, high roi, enhanced visibility, control, urbanization and increasing congestion is likely to boost the growth of the market. However, huge installation and integration costs are likely to hamper the profit boundaries.
Transportation management system (TMS) is accessible as a module in Supply Chain Management (SCM) and Enterprise Resource Planning (ERP) suites. It helps various industries and organizations with procurement and freight shipment with the help of tools such as freight audit, payments, route planning and optimization, yard management, load building, order visibility, and carrier management. TMS aims at improving the efficiency of shipments lower the costs incurred, and gaining real-time supply chain visibility with enhanced customer service.
Based on the deployment modes, the cloud segment is expected to expand at the highest growth in the forecast period. Cloud TMS offers unique planning and optimizing benefits to shippers, vendors and logistics providers. With the exponential increase in the amount of data being generated, companies are opting for cloud-based TMS solutions. These solutions have proved as a cost-effective alternative to on-premise storage, particularly to lower the licensing cost and avoid having more technical staff. They offer unique benefits to logistics service providers, vendors, customers, and shippers. Another important advantage lies in the storage of information in a central location. This ensures fast and easy access to the system from any geographic location without any interruptions. By geography, Asia Pacific is expected to emerge as the fastest-growing market over the next seven years. The growing retail and e-commerce sector in China, India, and Japan is anticipated to boost the growth. The growing investments in railways and the upgradation of the traditional freight infrastructure fare are expected to boost the market growth over the forecast period.
Some of the key players in the Transportation Management System market include SAP SE, TMW Systems Inc, The Descartes Systems Group Inc, Oracle Corporation, Metro Infrasys, Mercurygate International Inc, Manhattan Associates, JDA Software Inc, Infor Inc, Inet-Logistics GmbH, IBM Corporation, Efkon AG, Descartes, CTSI Global and Blujay Solutions.
• Solution Type
Transportation Modes Covered:
Deployment Modes Covered:
• Travel and Tourism
• Parcel and Package
• Electronics and Electrical
• Fire Station
• Consumer Goods and Retail
• Other Applications
End Users Covered:
• Retail & E-commerce
• Government Organizations
• Food and Beverage
• Other End Users
Enterprise Sizes Covered:
• Small and Medium Enterprises
• Large Enterprises
• Government organizations
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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