Press release
Transportation Management Systems (TMS) Market Set to Surge - Key Insights You Must Know
Transportation Management Systems (TMS) Market SizeThe global Transportation Management Systems (TMS) revenue was US$ 2064 million in 2022 and is forecast to a readjusted size of US$ 4575.4 million by 2029 with a CAGR of 11.9% during the review period (2023-2029).
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Sometimes known as a transportation management solution or transportation management software, a TMS provides visibility into day-to-day transportation operations, trade compliance information and documentation, and ensuring the timely delivery of freight and goods.
In India, the Transportation Management Systems (TMS) revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period 2023-2029.
In Europe, the Transportation Management Systems (TMS) industry market is low concentrated. And some enterprises, like Webfleet Solutions, Masternaut and Microlise, etc. are well-known for the wonderful performance of their Transportation Management Systems (TMS) and related services.
This report focuses on global and India Transportation Management Systems (TMS) market, also covers the segmentation data of other regions in regional level and county level.
India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.
India is a market full of opportunities, and the demand for Transportation Management Systems (TMS) will continue to grow rapidly in the future.
By Type
• Cloud Based TMS
• Server Based TMS
By Application
• Logistics Company
• Manufacturer
• E-commerce Company
Key Companies
Webfleet Solutions, Masternaut, Microlise, Transics, Trimble Inc, AddSecure, SAP SE, Paragon Software, Descartes, Bornemann AG, ORTEC, HaulTech, ABAX, Asset Monitoring Solutions, Made4net
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