Transportation Management System Market Set to Exceed US$ 19.1 Billion by 2032

It is anticipated that the market for transportation management systems worldwide would reach a valuation of US$ 6.9 billion by 2022. The sector will grow at an astounding double-digit rate of 10.7%. Between 2022 and 2032, sales of transportation systems are predicted to exceed US$ 19.1 billion.

Over the next several years, it is anticipated that transportation management systems would yield more income, representing an absolute monetary potential of around US$ 8.2 billion through 2032.

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According to a market research and competitive intelligence provider called Fact.MR, the transportation management system industry is expected to grow at a compound annual growth rate (CAGR) of approximately 7.5% between 2017 and 2021. The United States, Germany, and the United Kingdom are expected to hold major market shares in the global transportation management system market.

The demand for sophisticated transportation infrastructure driven by software-based solutions has increased due to the ongoing urbanization trend. Because of this, it is anticipated that over the next ten years, the need for transportation management systems would rise at a CAGR of 10.7%.

Key Companies Profiled

• Oracle Corporation
• SAP
• Manhattan Associates
• C.H. Robinson
• Trimble Inc.
• Bluejay Solutions
• MercuryGate International
• Blue Yonder
• Transplace
• Descartes Systems Group
• E2open, LLC
• Alpega Group
• 3Gtms Inc.
• 3T Logistics & Technology Group
• Globaltranz Enterprises, LLC
• InMotion Global, Inc.
• vTradEx
• MP Objects
• Logistically, Inc.
• One Network Enterprises
• Elemica, Inc.
• Tailwind Transportation Software Ltd.
• IntelliTrans Limited
• Allotrac
• Revenova, LLC
• Fretron Private Limited
• RateLinx
• Tracx Systems
• WiseTech Global
• Princeton TMX
• CTSI Global
• Generix Group
• Unifaun
• Supplystack
• Efreightsolutions
• Ultraship TMS
• Infor

Growing Demand for Transportation Workflow Centralization to Improve Prospects

These days, supply chain management solutions for transportation are viewed as a component of it. Whether it is done internally or externally, the supply chain is constrained by deadlines and the need for accuracy to satisfy the demands of the supply and demand sides.

Systems for managing transportation have been automating every step of the process, from delivery to quote. These technologies also allow for the centralization of operations, the planning of both anticipated and unforeseen occurrences, and the reduction of needless stress across the supply chain.

Is the Purchasing Managers' Index Improved by the Transportation Management System?
The Purchasing Managers' Index (PMI) gauges how well a nation's economic trends are progressing. The majority of industries saw a difficult period in PMI during the epidemic.

The industrial sector will need a quick reaction from the supply chain in order to return to its prior status once economic activity picks back up. Transportation management solutions will probably be helpful in this case to handle the misaligned supply chain.

In recent months, there has been a noticeable decline in PMI activities in a number of nations, including India, Thailand, the Philippines, Singapore, Mexico, Columbia, Russia, Uganda, and Lebanon.Providers of transportation management systems can collaborate with purchasing managers in important industries to enhance supply chain operations and boost revenue.

Demand for Transportation Management Solutions is Being Driven by Automation

In several important nations, transportation management systems have had significant uptake. Furthermore, a number of small and mid-sized businesses continue to be excluded from their advantages.

Tier-2 enterprises have begun integrating transportation management systems into their supply chain frameworks in an effort to remain competitive in the face of major players adopting new technologies. Moreover, automation and technical progress are major factors generating prospects for traffic management systems.

Therefore, it is anticipated that transportation management solutions would generate over 65% of revenue over the sales indicator period by representing an absolute dollar potential of around US$ 8.2 billion until 2032.

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Competitive Landscape

According to the market research analysis, order wins have been the prominent development in the transportation management system (TMS) market in recent years.

•In July 2021, GEFCO, an integrated logistics expert and provider of automotive logistics, selected the cloud-based transportation management system of Blue Yonder. It is oriented to bring about digital transformation to tackle complex logistics challenges.

•In June 2021, Hy-Vee Inc., a retail store chain, deployed Manahattan Associate's transportation management system.

Key Segments Covered:

By Component :
Transportation Management Solutions
Planning and Execution Solutions
Order Management Solutions
Audit, Payment and Claims Solutions
Reporting and Analytics Solutions
Routing and Tracking Solutions
Transportation Management Services
Consulting Services
Integration and Implementation Services
Support and Maintenance Services
By Transportation Mode :
Roadways-based Transportation Management Systems
Railways-based Transportation Management Systems
Airways-based Transportation Management Systems
Maritime-based Transportation Management Systems
By Deployment :
On-premise Deployment of Transportation Management Systems
Cloud Deployment of Transportation Management Systems
By Vertical :
Manufacturing
Retail
Healthcare and Pharmaceuticals
Transportation and Logistics
Energy and Utilities
Government
Other Verticals

As businesses increasingly prioritize efficiency and cost-effectiveness in transportation, TMS solutions emerge as indispensable tools. The forecasted growth reflects not only technological advancements but also the growing demand for streamlined logistics solutions across diverse sectors. As the market evolves, TMS continues to redefine how businesses manage and optimize their transportation networks, promising continued innovation and transformative impact in the years ahead.

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About Fact.MR
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This release was published on openPR.