Transportation Management Systems Market Worth $44.5 billion by 2030: Players 3GTMS, Infor Inc.

The report published by The Brainy Insights shows that the global transportation management systems market is expected to grow from USD 11.0 billion in 2022 to USD 44.5 billion by 2032, at a CAGR of 15% during the forecast period 2023-2032. North America emerged as the most significant global transportation management systems market, with a 48% market revenue share in 2022. Roadways are frequently used as the principal form of freight transportation in North America. One of the main factors influencing the market in this area is the growth in local municipalities' expenditures for linked infrastructure for efficient transit. Additionally, the regional market is expanding as a result of the presence of top TMS suppliers including Infor Inc., 3GTMS, Cerasis Inc., International Business Machines Corp., and MercuryGate International Inc.

𝐆𝐫𝐚𝐛 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭- https://www.thebrainyinsights.com/enquiry/sample-request/13558

Transportation Management Systems Market Size By Deployment (On-premise and Cloud), By Mode of transportation (Roadways, Railways, Waterways and Airways), By End-User (Retail & E-commerce, Manufacturing, Logistics, Government Organizations and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Leading companies in the industry include 3GTMS, BluJay Solutions Ltd., C.H. Robinson Worldwide, Inc., Cerasis, Inc., inet-logistics GmbH, Infor Inc., International Business Machines Corp., JDA Software Group, Inc., Manhattan Associates, MercuryGate International, Inc., and Oracle Corp among others, offer more significant opportunities and continuously focus on new product developments and venture capital investments to obtain market share.

The deployment segment is divided into on-premise and cloud. The on-premise segment dominated the market, with a market share of around 54.9% in 2022. Many major manufacturing and distribution organizations still favour on-premise TMS because of the necessity for data protection, easy access to the server, and superior control over modification. The mode of transportation segment is divided into roadways, railways, waterways and airways. The roadways segment dominated the market, with a market share of around 40% in 2022. Improvements to the transport infrastructure are being pursued by several governments, particularly in emerging economies. This is anticipated to increase demand for road-based logistics and, as a result, propelling the growth of the highways segment. The end-user segment is divided into retail & e-commerce, manufacturing, logistics, government organizations and others. The manufacturing segment dominated, with a market share of around 38% in 2022. With more manufacturing facilities in emerging countries like Mexico and India, the need for outsourcing inventory and raw materials has increased.

Incorporating cutting-edge technology, like blockchain and artificial intelligence, to enhance the capabilities of transport management systems is one of the most current developments that is picking up steam. The demand for cloud-based, anti-theft GPS and IoT-enabled solutions to provide transparency and security also drives the development of advanced transportation management systems. The advent of self-driving trucks equipped with AI and the ongoing development of 5G networks will substantially impact the transportation industry and open new business prospects. For instance, BluWave-ai recently announced the release of BluWave-ai EV Fleet Orchestrator version 2.0 with the help of USD 1.7 million in co-funding from FedDev Ontario. Operators of car fleets are assisted by this software-as-a-service (SaaS) package as they electrify their businesses.

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