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Transportation Management System Market 2022 Global Industry Key Strategies, Size, Growth, Share, Application, Segmentation, Trends and Opportunities Forecast to 2027

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Transportation Management System Market 2022 Global Industry Key Strategies, Size, Growth, Share, Application, Segmentation, Trends and Opportunities Forecast to 2027

August 15
08:15 2022
Transportation Management System Market 2022 Global Industry Key Strategies, Size, Growth, Share, Application, Segmentation, Trends and Opportunities Forecast to 2027
Oracle (US), SAP ( Germany), Manhattan Associates (US), C.H. Robinson (US), E2open (US), Trimble (US), WiseTech Global (Australia), Descartes Systems Group (Canada), MercuryGate International (US), Blue Yonder (US), Transplace (US), Alpega Group (Belgium), Worldwide Express (US), Infor (US), Generix Group (France), 3Gtms (US), Shipwell (US).
Transportation Management System Market by Component (Solutions, Services), Transportation Mode (Roadways, Railways, Airways), Deployment Type (On-premises, Cloud), Organization Size, Vertical, End User (Shippers, 3PL) & Region – Global Forecast to 2027

MarketsandMarkets forecasts the global Transportation Management System Market size is expected to grow from USD 11.7 billion in 2022 to USD 28.0 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 19.1% during the forecast period.

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By components the services segment to have the highest growth rate during the forecast period

The services segment is expected to have a higher growth rate during the forecast period. The transportation management system market, by service, is segmented into consulting, implementation and integration, and support and maintenance services. The services segment is expected to witness fast growth in the future. The need to ensure the successful deployment of TMS systems without hampering ongoing critical business processes and achieve optimized performance with increased efficiency will drive the services segment.

Scope of the Report

 

Report Metrics

Details

Market size available for years

2017-2027

Base year considered

2021

Forecast period

2022-2027

Forecast units

Value (USD Million/Billion)

Segments covered

By Component, Transportation Mode, Organization Size , Vertical , Deployment Mode, End User and Region

Regions covered

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America

Companies covered

Oracle (US), SAP ( Germany), Manhattan Associates (US), C.H. Robinson (US), E2open (US), Trimble (US), WiseTech Global (Australia), Descartes Systems Group (Canada), MercuryGate International (US), Blue Yonder (US), Transplace (US), Alpega Group (Belgium), Worldwide Express (US), Infor (US), Generix Group (France), 3Gtms (US), Shipwell (US), 3T Logistics & Technology Group (UK), Ratelinx (US), oTMS ( China), nShift (UK), BlueRock Logistics (Netherlands), Elemica (US), TESISQUARE (Italy), DDS Logistics ( France), Supplystack (Belgium), vTradEx (China), Shiptify ( France), GlobalTranz (US), InMotion Global (US), MP Objects (US), Logistically (US), One Network Enterprises (US), Envase Technologies (US), IntelliTrans (US), Allotrac (Australia), Revenova (US), Princeton TMX (US), CTSI Global (US) and Ultraship TMS (US)

By transportation mode, the roadways segment to have the highest market share during the forecast period

The roadways segment is expected to have the highest market share during the forecast period. The TMS market is segmented based on transportation mode into four categories: roadways, railways, airways and maritime. The significant growth in the volume of on-road commercial transportation across the world will drive the market. Also, the emergence of autonomous and connected vehicles will further increase in the demand for TMS in the roadway’s transportation mode

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The demand for greater agility in transportation and logistics operations that support businesses to deliver superior customer experience mainly driven by digital transformation across the industry will drive the market. Furthermore, the technological advancements in the transportation and logistics industry along with increasing adoption of advanced technologies, such as the Internet of Things (IoT), big data, and Artificial Intelligence (AI) and their predictive capabilities for smarter and more efficient transportation operations will drive the market. The presence of various key players in the ecosystem has led to a competitive and diverse market.

Various globally established players such as Oracle (US), SAP ( Germany), Manhattan Associates (US), C.H. Robinson (US) and Blue Yonder (US), are dominating the transportation management system market. In this market various strategies such as enhancements; partnerships, expansions, new product launches, collaboration, agreements, and acquisitions; and other growth strategies adopted by the top key players.

Oracle launched Oracle Fusion Cloud Supply Chain & Manufacturing to enable customers to minimize costs, reduce risk, improve customer experience, and navigate disruptions. Oracle and RHI Magnesita, one of the world’s leading suppliers of refractory products, selected Oracle Fusion Cloud Transportation Management, part of Oracle Fusion Cloud Supply Chain & Manufacturing (SCM), to support the company’s expansion and technology modernization.

SAP released a new SAP S/4HANA transportation management 2020, which offered improved transportation planning and load optimization, enhanced usability to simplify and automate business processes, and state-of-the-art integration of synchronized business operations. The company also collaborated with Sedna System. The integration of SAP Transportation Management System (TMS) with Sedna Systems’ team collaboration and email management solution will allow shippers using both products to gain a whole new level of control over transportation management-related data.

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