Transportation Management System Market was valued at US$ 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 US$ 36.39 Bn.
Transportation Management System Market Overview:
Maximize Market Research's new report, Transportation Management System Market 2021-2027, is useful for understanding the market's competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2021-2027). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Transportation Management System market.
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Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Transportation Management System market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market's complexities. The research provides an overview of the worldwide Transportation Management System market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Market Dynamics:
A transportation management system (TMS), a branch of supply chain management that deals with transportation operations, may be a part of an enterprise resource planning (ERP) system. The Transportation and Warehouse Management System (TWMS) is an additional variant of the traditional TMS. TWMS assists supply chain managers in running their business on a daily basis in the areas of organising, directing, planning, shift and employee scheduling, inventory management, order receipt, order processing, picking, and shipping. By merging all of the functions of a traditional transportation management system (TMS) and warehouse management system (WMS) into a single code set, it does away with the need for integrations.
Segmentation:
by Vertical
• Retail
• Healthcare and Pharmaceutical
• Manufacturing
• Transportation and Logistics
• Energy and Utilities
• Government
• Others
by Deployment Mode
• On-premises
• Cloud
In terms of market share by vertical, the manufacturing industry held more than 31% of the global Transportation Management System market in 2022. There is a greater demand for raw materials as a result of the expansion of industrial facilities in developing countries like Mexico and India, which has increased transportation costs. For instance, the "Make in India" initiative of the Indian government actively encourages local manufacturing and its expansion. Such actions are supportive to the manufacturing segment's expansion over the course of the forecast.
In 2022, the on-premise sector had the highest market share—more than 55%—by deployment mode. Many businesses continue to favour on-premise solutions because they offer simple server access, greater customizability, and adequate data protection. This has aided in the segment's expansion. However, as awareness of the advantages of cloud-based solutions spreads, it is anticipated that rivals in many industries and industry verticals will actively move to cloud-based transportation management systems.
Key Players:
It then discusses the top competitors in the worldwide Transportation Management System market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
•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)
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Regional Analysis:
The report has analyzed the global Transportation Management System market in the following regions:
America, North (the United States, Canada, and Mexico)
European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
Latin America (Brazil, Argentina, Colombia, and Rest of South America)
Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Transportation Management System market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Transportation Management System Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
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Key Questions Answered in the Transportation Management System Market Report are:
Which are the major companies in the Transportation Management System market?
Which is the potential market for Transportation Management System in terms of the region?
Which application area of Transportation Management System is expected to grow at a significant rate in the market in the next 5 years?
What are the opportunities for new market entrants?
What will be the Transportation Management System market size by 2027?
What are the growth prospects for the Transportation Management System market?
What is the base year considered in the Transportation Management System market report?
Which region holds the largest market share in the Transportation Management System market?
What factors are anticipated to drive the Transportation Management System market?
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