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Transportation Management System Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Oracle Corporation, SAP SE, C.H. Robinson Worldwide Inc., Oracle Corporation, SAP SE
Transportation Management System Market Characteristics
The Business Research Company offers in-depth market insights through Transportation Management System Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The transportation management system market size has grown rapidly in recent years. It will grow from $11.37 billion in 2023 to $13.39 billion in 2024 at a compound annual growth rate (CAGR) of 17.7%. The growth in the historic period can be attributed to increased complexity in logistics, regulatory compliance, rise in fuel costs, demand for cost efficiency, customer demand for speedy deliveries, integration with other systems..
The transportation management system market size is expected to see rapid growth in the next few years. It will grow to $24.31 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%. The growth in the forecast period can be attributed to emergence of autonomous vehicles, demand for sustainable practices, increasing complexity in last-mile deliver, growing importance of data analytics, expansion of cross-border trade, focus on scalability.. Major trends in the forecast period include adoption of cloud-based tms, real-time visibility and tracking, collaborative platforms and ecosystems, mobile tms applications, automated and autonomous vehicles in tms, globalization and multi-modal transport, subscription-based tms models..
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Market Segmentation:
The transportation management system market covered in this report is segmented -
1) By Solution Type: Planning And Execution, Order Management, Audit, Payment, And Claims, Reporting And Analytics, Routing And Tracking
2) By Deployment: On-Premise, Cloud
3) By Transportation Mode: Roadways, Railways, Airways, Maritime
4) By Industry Vertical: Retail, Healthcare And Pharmaceutical, Manufacturing, Energy And Utilities, Government Sector, Other Industry Verticals
Major Driver - Cloud And IOT Applications Accelerate Growth In The Transportation Management System Market
The adoption of cloud and IoT applications is expected to drive the growth of the transportation management system market. APIs and other interfaces for pushing and extracting data to and from IoT sensor devices and downstream applications are included in IoT and cloud applications. The Internet of Things (IoT) delivers highly integrated and simplified transportation and warehouse management solutions in the transport, logistics, and fleet management sectors, connecting in-vehicle sensors and other cohesive digital devices through the network. For instance, in 2022, according to a Finoit Inc., a US-based IT services firm report, many transportation and logistics organizations implementing RFID today are achieving nearly 100% shipping and receiving accuracy, 99.5 % inventory accuracy, 30% faster order processing, and 30% labour cost reduction. Therefore, the adoption of cloud and IoT applications will propel the transportation management system market.
Competitive Landscape:
Major companies operating in the transportation management system market report are Oracle Corporation, SAP SE, C.H. Robinson Worldwide Inc., Oracle Corporation, SAP SE, Trimble Transportation Enterprise Solutions, 3Gtms Inc., Alpega Group, Blue Yonder Group Inc., BluJay Solutions Ltd., CargoSmart Limited, Descartes Systems Group Inc., E2open LLC, FourKites Inc., Generix Group, GlobalTranz Enterprises Inc., InMotion Global Inc., JDA Software Group Inc., Kueb*ix LLC, LeanLogistics Inc., Loadsmart Inc., Logistically Inc., Manhattan Associates Inc., MercuryGate International Inc., MP Objects B.V., Omnitracs LLC, One Network Enterprises Inc., project44 Inc., Revenova Limited, ShipBob Inc., ShipCaddie, ShipEdge LLC
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Top Trend - Technological Advancements And Automation Revolutionize The Transportation Management System Market
Technological advancement and automation are key trends gaining popularity in the transportation management system market. Major market players are focusing their efforts on creating innovative technologies for enhancements to planning and execution, rating, and integration. For instance, in November 2023, ACERTUS, a US-based logistics company, launched an innovative Transportation Management System (TMS) designed to offer unmatched visibility into vehicle shipments. This TMS seamlessly connects shippers with North America's largest multimodal transport network, simplifying auto shipping through features such as instant quotes, single and multi-VIN ordering, standard and expedited shipping rates, and API connectivity for effortless integration with existing operating systems.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Transportation Management System Market Characteristics
3. Transportation Management System Market Trends And Strategies
4. Transportation Management System Market - Macro Economic Scenario
5. Transportation Management System Market Size And Growth
…..
27. Transportation Management System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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