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Transportation Management System Market Analysis

  • Report ID: GMI7218
  • Published Date: Oct 2023
  • Report Format: PDF

Transportation Management System Market Analysis

Transportation Management System Market Revenue, By Transportation Mode, 2021 – 2032, (USD Billion)

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The roadways segment will expand at a decent CAGR from 2023 to 2032, due to their ability to address the growing complexities and challenges in the road transportation sector. With the expansion of e-commerce and global supply chains, TMS software offers real-time visibility, route optimization, and load planning, which helps reduce transportation costs and improve delivery times. Moreover, the increasing regulatory requirements and sustainability goals in the transportation industry are driving the need for TMS solutions that assist in compliance and promote eco-friendly practices, further fueling their adoption in roadways.
 

Transportation Management System Market Share, By Industry Vertical, 2022

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The retail & e-commerce segment accounted for 29% of the transportation management system market share in 2022, driven by the need for streamlined supply chain operations and optimized logistics. In this highly competitive industry, TMS solutions enable retailers and e-commerce businesses to offer faster, more reliable deliveries, meeting the expectations of today's consumers. These systems provide real-time visibility, route optimization, and inventory management, which are essential for efficient order fulfilment. Additionally, the growth of online shopping has led to increased shipping volumes, making TMS crucial for cost reduction, improved delivery performance, and sustainable practices in this sector.
 

North America Transportation Management System Market Revenue, 2021 – 2032, (USD Billion)

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North America transportation management system market size dominated around USD 3.4 billion in 2022, due to the region's vast and complex supply chain network, making TMS solutions crucial for optimizing transportation operations and improving efficiency. Additionally, the rapid growth of e-commerce and the need for timely, cost-effective deliveries have driven higher TMS adoption. Furthermore, stringent regulatory requirements and sustainability initiatives have prompted North American companies to invest in TMS to enhance compliance and promote eco-friendly practices. Overall, these factors are propelling the growth of the TMS industry in North America.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of transportation management system reached USD 10.8 billion in 2022 and is set to witness 9.5% CAGR from 2023 to 2032, due to the booming e-commerce industry worldwide.

Transportation management system industry from the roadways transportation mode segment is expected to register a significant CAGR from 2023-2032, attributed to the system’s ability to address the growing complexities and challenges in the road transportation sector.

North America market held over USD 3.4 billion in 2022, owing to the presence of a complex supply chain network, making TMS solutions crucial for optimizing transportation operations and improving efficiency in the region.

Infor, CH Robinson, Descartes, Wise Tech Global, Generix Group, SAP, Manhattan Associates, E2open, Trimble, Worldwide Express, and Oracle, are some of the major transportation management system companies worldwide.

Transportation Management System Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 264
  • Countries covered: 16
  • Pages: 300
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