Transport Management System Market to Reap Over USD 229.48 Billion in Revenues by End of 2027 | BluJay Solutions, Oracle Corporation, CTSI-Global, etc.

The growth of the transport management system market is driven by the increasing demand of digitalization in transportation

Market Size – USD 91.66 billion in 2019, Market Growth – CAGR of 11.24%, Market Trends –IoT integration with transportation systems.

During the forecast period, the Transport Management System Market is estimated to rise from USD 91.66 billion in 2019 to USD 229.48 billion by 2027, at a CAGR of 11.24%.

Due to the rise in IoT implementation and the growing need for digitalization in transport systems, the transport management system market is forecast to show substantial growth.

The Transport Management System (TMS) is a system that offers a solution to help businesses conduct more reliable, efficient and cost-effective operations. It is a part of both the management of the supply chain and resource management. Most businesses use transport management system software to track and control the business.

The major key players in the market are BluJay Solutions (U.K.), Oracle Corporation (U.S.), CTSI-Global (U.S.), Metro Infrasys Private Limited (India), JDA Software, Inc. (U.S.), MercuryGate International, Inc. (U.S.), Inet-Logistics GMBH (Austria), TMW Systems, Inc. (U.S.), SAP SE (Germany), and Descartes (Ontario).

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For the purpose of this report, the market has been segmented on the basis of management, transportation means, deployment, and region:

Management Outlook (Revenue, USD Million; 2017-2027)
• Traffic management
• Operations management

Transportation Means Outlook (Revenue, USD Million; 2017-2027)
• Railways
• Roadways

Deployment Mode Outlook (Revenue, USD Million; 2017-2027)
• Hosted
• On-Premise

Regional Outlook (Revenue, USD Million; 2017-2027)
• North America
– U.S.
• Europe
– Germany
– U.K.
• Asia Pacific
– China
– India
• Latin America
– Brazil
• Middle East & Africa

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Further key findings from the report suggest

• During the forecast period, the transport management system market is projected to rise from USD 91.66 billion in 2019 to USD 229.48 billion by 2027, at a CAGR of 11.24%.

• Due to the rise in IoT implementation and the growing need for digitalization in transport systems, the transport management system market is expected to register significant growth.

• The business can be divided into traffic and operations management on the basis of management. During the forecast period, the traffic management segment is expected to expand at the highest CAGR of around 11.64%. Numerous traffic management approaches decrease the cost of network monitoring while improving control and versatility.

• The market is segmented into roadways and railways on the basis of transportation means. It is projected that the road segment will grow faster than the rail segment. Roadways are often appropriate for transporting limited amounts of goods to markets that are widely distributed. The most common forms of transport, especially when travelling short distances, are roadways. The main problem is the delay due to traffic in this mode of transportation. The congestion created by the growing number of vehicles is a significant financial loss for transportation companies.

• The market is classified as hosted and on-site, depending on deployment mode. The hosted deployment mode is expected to dominate the market compared to the on-site deployment mode, as hosted deployments are cheaper compared to on-site deployments in terms of installation and infrastructure costs. Other advantages that improve the growth of the hosted deployment segment are low maintenance requirement and cost-effectiveness.

• The transport management system market is segmented regionally into North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. APAC is projected to dominate the market because of the increasing demand for digitalization in the region.

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