Transportation Management System Market to Expand at a CAGR Of 8.6% By 2030 To Value USD 7,981.5 million – Report by Market Research Future (MRFR)

Market Research Future Insights

According to MRFR analysis, the global TMS market is expected to register a CAGR of 8.6% from 2022 to 2030 and hold a value of over USD 7,981.5 million by 2030. A Transportation Management System (TMS) is a software platform designed to help businesses manage and optimize their transportation operations. It includes features such as route planning, carrier selection, load optimization, shipment tracking, and freight payment and auditing.

COVID-19 has had a significant impact on the transportation industry and TMSs. With lockdowns and travel restrictions, many businesses had to adjust their supply chain and transportation strategies to adapt to changing demand patterns and supply chain disruptions. This resulted in increased demand for TMSs to help businesses manage these changes and optimize their transportation operations.

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Keyplayers

Some of the top key market players are Oracle Corporation (US), JDA Software Group Inc. (US),  Manhattan Associates Inc. (US),  Descartes Systems Group Inc. (Canada), SAP SE (Germany),  BluJay Solutions Ltd (US), CTSI-GLOBAL (US) • EFKON GmbH (Austria),  Alpega Group (Austria),  HighJump (US) (US)

Market Segmentation

The Global TMS market has been segmented into based on component, deployment and industry.

Based on Component: Solution Hardware and Services

Based on Deployment: On-Premise and On-Cloud

Based on Industry: Retail, Travel and Tourism, Healthcare and Construction

Transportation Management System Market Report Scope:

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Regional Analysis

Regional analysis of TMS usage shows that North America is the largest market for TMSs, followed by Europe and Asia-Pacific. The growth of e-commerce and increasing globalization of supply chains are key drivers of TMS adoption globally. In addition, the increasing focus on sustainability and reducing carbon emissions in transportation is expected to drive further growth in the TMS market.

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