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Transportation Management System Market Valuation to Hit $40.3 Billion by 2029
The Transportation
Management System Market is expected to reach USD 40.3 billion by 2029
from USD 16.0 billion in 2024, at a CAGR of 20.2 % during 2024–2029
Environmental sustainability is becoming increasingly
important for businesses and consumers alike. Governments are implementing
stricter regulations to reduce carbon emissions, and companies are setting
ambitious sustainability goals. TMS solutions support these efforts by
optimizing routes to reduce fuel consumption, integrating electric and
alternative fuel vehicles, and providing analytics to monitor and report on
environmental impact. These capabilities help businesses minimize their carbon
footprint and meet regulatory requirements while also potentially reducing
costs associated with fuel and emissions.
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The 3PL end users segment is projected to register the
highest CAGR during the forecast period.
Companies seeking efficient inventory management and
distribution solutions often engage third-party logistics providers (3PLs). The
increasing adoption of tracking technologies such as RFID and GPS has
significantly bolstered the growth of 3PLs by enhancing visibility across
supply chains. To streamline processes and reduce manual workloads, end users
of 3PL services are increasingly turning TMS solutions. These solutions
leverage automation and analytics to deliver actionable insights that
accelerate delivery times, lower shipping costs, and optimize planning
processes.
The solution segment contributed the largest market share in
the transportation management system market during the forecast period.
TMS solutions serve as essential software platforms that
optimize freight movement effectively. They empower businesses across various
industries, including manufacturers and retailers, by enabling them to
efficiently plan, optimize, and monitor shipments throughout their supply
chains. TMS solutions provide real-time visibility into every stage of
transportation, facilitating informed decisions on carrier selection, route
planning, and cost management. This results in faster deliveries, reduced
transportation costs, and enhanced overall customer satisfaction. The TMS
market encompasses a wide range of solution segments, including planning and
execution, order management, audit and payment, analytics and reporting, as
well as routing and tracking functionalities. These segments collectively
address diverse transportation needs, driving down operational costs and
improving efficiency. With the advent of digitization and cloud computing, the
demand for TMS solutions has surged globally, further propelled by the
expansion of domestic and international e-commerce activities.
Based on region, Asia Pacific is projected to register the
highest CAGR during the forecast period.
The TMS market in Asia Pacific is witnessing dynamic growth
driven by robust domestic demand in countries such as Australia, South Korea,
Japan, China, and India. The region's economy continues to expand, bolstering
logistics and transportation sectors. Key factors contributing to this growth
include strong intra-regional trade agreements, recovering global demand, and
the adoption of advanced cloud-based transportation solutions. Developing
countries in Asia Pacific are particularly focused on automating their
transportation and supply chain operations, leveraging new platforms and
services to enhance efficiency.
Top Companies
The report profiles key players such as Oracle (US), SAP
(Germany), Manhattan Associates (US), C.H. Robinson (US), Trimble (US),
WiseTech Global (Australia), Descartes (Canada), E2open (US), Generix Group
(France), MercuryGate (US), Blue Yonder (US), Uber Freight (US), Alpega Group
(Belgium), Worldwide Express (US), Infor (US), Kinaxis (Canada), Shipwell (US),
3T Logistics & Technology Group (UK), Ratelinx (US), oTMS (China), nShift
(UK), BlueRock TMS (Netherlands), Elemica (US), TESISQUARE (Italy), vTradEx
(China), Shiptify (France), GlobalTranz (US), InMotion Global (US),
Logistically (US), One Network Enterprises (US), IntelliTrans (US), Allotrac
(Australia), Revenova (US), Princeton TMX (US), CTSI Global (US), PCS Software
(US), and Shipsy (India).
MarketsandMarkets™ has been
recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth
consulting and program management, leveraging a man-machine offering to drive
supernormal growth for progressive organizations in the B2B space. We have the
widest lens on emerging technologies, making us proficient in co-creating
supernormal growth for clients.
Earlier this year, we made a formal transformation into one of
America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of
new revenue streams that are substituting existing revenue streams in this
decade alone. We work with clients on growth programs, helping them monetize
this $25 trillion opportunity through our service lines – TAM Expansion,
Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account
Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several
Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive
ecosystem. Our insights and strategies are molded by our industry experts,
cutting-edge AI-powered Market Intelligence Cloud, and years of research. The
KnowledgeStore™ (our Market Intelligence Cloud) integrates our research,
facilitates an analysis of interconnections through a set of applications,
helping clients look at the entire ecosystem and understand the revenue shifts
happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan
Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave
Suite 103, Delray Beach, FL 33445
Email: sales@marketsandmarkets.com
Management System Market is expected to reach USD 40.3 billion by 2029
from USD 16.0 billion in 2024, at a CAGR of 20.2 % during 2024–2029
important for businesses and consumers alike. Governments are implementing
stricter regulations to reduce carbon emissions, and companies are setting
ambitious sustainability goals. TMS solutions support these efforts by
optimizing routes to reduce fuel consumption, integrating electric and
alternative fuel vehicles, and providing analytics to monitor and report on
environmental impact. These capabilities help businesses minimize their carbon
footprint and meet regulatory requirements while also potentially reducing
costs associated with fuel and emissions.
PDF Sample:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=232446179
highest CAGR during the forecast period.
distribution solutions often engage third-party logistics providers (3PLs). The
increasing adoption of tracking technologies such as RFID and GPS has
significantly bolstered the growth of 3PLs by enhancing visibility across
supply chains. To streamline processes and reduce manual workloads, end users
of 3PL services are increasingly turning TMS solutions. These solutions
leverage automation and analytics to deliver actionable insights that
accelerate delivery times, lower shipping costs, and optimize planning
processes.
the transportation management system market during the forecast period.
optimize freight movement effectively. They empower businesses across various
industries, including manufacturers and retailers, by enabling them to
efficiently plan, optimize, and monitor shipments throughout their supply
chains. TMS solutions provide real-time visibility into every stage of
transportation, facilitating informed decisions on carrier selection, route
planning, and cost management. This results in faster deliveries, reduced
transportation costs, and enhanced overall customer satisfaction. The TMS
market encompasses a wide range of solution segments, including planning and
execution, order management, audit and payment, analytics and reporting, as
well as routing and tracking functionalities. These segments collectively
address diverse transportation needs, driving down operational costs and
improving efficiency. With the advent of digitization and cloud computing, the
demand for TMS solutions has surged globally, further propelled by the
expansion of domestic and international e-commerce activities.
highest CAGR during the forecast period.
driven by robust domestic demand in countries such as Australia, South Korea,
Japan, China, and India. The region's economy continues to expand, bolstering
logistics and transportation sectors. Key factors contributing to this growth
include strong intra-regional trade agreements, recovering global demand, and
the adoption of advanced cloud-based transportation solutions. Developing
countries in Asia Pacific are particularly focused on automating their
transportation and supply chain operations, leveraging new platforms and
services to enhance efficiency.
(Germany), Manhattan Associates (US), C.H. Robinson (US), Trimble (US),
WiseTech Global (Australia), Descartes (Canada), E2open (US), Generix Group
(France), MercuryGate (US), Blue Yonder (US), Uber Freight (US), Alpega Group
(Belgium), Worldwide Express (US), Infor (US), Kinaxis (Canada), Shipwell (US),
3T Logistics & Technology Group (UK), Ratelinx (US), oTMS (China), nShift
(UK), BlueRock TMS (Netherlands), Elemica (US), TESISQUARE (Italy), vTradEx
(China), Shiptify (France), GlobalTranz (US), InMotion Global (US),
Logistically (US), One Network Enterprises (US), IntelliTrans (US), Allotrac
(Australia), Revenova (US), Princeton TMX (US), CTSI Global (US), PCS Software
(US), and Shipsy (India).
recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
consulting and program management, leveraging a man-machine offering to drive
supernormal growth for progressive organizations in the B2B space. We have the
widest lens on emerging technologies, making us proficient in co-creating
supernormal growth for clients.
America’s best management consulting firms as per a survey conducted by Forbes.
new revenue streams that are substituting existing revenue streams in this
decade alone. We work with clients on growth programs, helping them monetize
this $25 trillion opportunity through our service lines – TAM Expansion,
Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account
Enablement, and Thought Leadership Marketing.
Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive
ecosystem. Our insights and strategies are molded by our industry experts,
cutting-edge AI-powered Market Intelligence Cloud, and years of research. The
KnowledgeStore™ (our Market Intelligence Cloud) integrates our research,
facilitates an analysis of interconnections through a set of applications,
helping clients look at the entire ecosystem and understand the revenue shifts
happening in their industry.
Mr. Rohan
Salgarkar
MarketsandMarkets™ INC.
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