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Transportation Management System Market Trends

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

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Transportation Management System Market Trends

Rapid integration of advanced analytics and artificial intelligence will accelerate the transport management system business through 2032. TMS solutions are increasingly incorporating advanced analytics and artificial intelligence (AI) for predictive analytics, real-time decision support, and more accurate demand forecasting. These technologies enable more efficient route optimization, cost reduction, and improved decision-making in transportation management. These benefits have prompted companies worldwide to leverage these technologies and innovate new products to keep up with the increasing market demand.

For instance, in September 2023, 3SC Solutions introduced iTMS (Intelligent Transport Management Solution), a cutting-edge platform for comprehensive transportation planning, settlement, and execution. Leveraging advanced analytics, this integrated solution enhances logistics efficiency and financial performance. iTMS utilizes artificial intelligence and data analytics to streamline the intricacies of the complete logistics transportation process, providing a holistic approach to managing transportation operations.

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.