Transportation Management System Market was valued at US$ 11.70 Bn. in 2022 and the total Transportation Management System revenue is expected to grow at 17.6% from 2023 to 2029, reaching nearly US$ 36.39 Bn.
Transportation Management System Market Overview:
The Transportation Management System Market research study investigates and analyses the market’s position during the forecast period. It is comprehensive research that focuses on primary and secondary drivers, market dominance, important segments, and geographic analysis. The study also examines noteworthy personalities, big partnerships, mergers, and acquisitions, as well as current innovation and corporate strategy.
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Transportation Management System Market Scope:
We looked at the Transportation Management System Market from every perspective possible, using both primary and secondary research methods. This increased our understanding of current market dynamics such supply-demand imbalances, pricing trends, product preferences, and customer behaviour. The data is then compiled and assessed using a range of market estimates and data validation processes. Furthermore, we have an in-house data forecasting engine that forecasts market growth until 2027.
Transportation Management System Market Segmentation:
In terms of Transportation Mode, the Roadways segment accounted for more than 40% of the overall Transportation Management System Market in 2022. Since loading and unloading can occur anywhere, road transportation is regarded as flexible and economical. The expansion of the e-commerce industry has also compelled businesses to enhance their road transportation operations in the wake of the COVID-19 pandemic. The need for road-based logistics is being driven by various governments’ initiatives to improve the infrastructure for road transportation, particularly in developing countries.
In terms of market share by vertical, the manufacturing industry held more than 31% of the global Transportation Management System market in 2022. There is a greater demand for raw materials as a result of the expansion of industrial facilities in developing countries like Mexico and India, which has increased transportation costs. For instance, the “Make in India” initiative of the Indian government actively encourages local manufacturing and its expansion. Such actions are supportive to the manufacturing segment’s expansion over the course of the forecast.
In 2022, the on-premise sector had the highest market share—more than 55%—by deployment mode. Many businesses continue to favor on-premise solutions because they offer simple server access, greater customizability, and adequate data protection. This has aided in the segment’s expansion. However, as awareness of the advantages of cloud-based solutions spreads, it is anticipated that rivals in many industries and industry verticals will actively move to cloud-based transportation management systems.
1 Global Transportation Management System Market, by Component (2022-2029)
• Solution
• Services
2 Global Transportation Management System Market, by Transportation Mode (2022-2029)
• Roadways
• Railways
• Airways
• Maritime
3 Global Transportation Management System Market, by Deployment Mode (2022-2029)
• Cloud
• On-premises
4 Global Transportation Management System Market, by Organization Size (2022-2029)
• Large Enterprises
• SMEs
5 Global Transportation Management System Market, by Vertical (2022-2029)
• Retail
• Healthcare and Pharmaceutical
• Manufacturing
• Transportation and Logistics
• Energy and Utilities
• Government
• Others
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Transportation Management System Market Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research is utilized to calculate market revenue. In-depth interviews with important thought leaders and industry specialists such as experienced front-line staff, CEOs, and marketing professionals were conducted as part of the core research. Primary research comprised in-depth interviews with prominent thought leaders and industry specialists, such as experienced front-line staff, CEOs, and marketing professionals, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then compared to historical data. The players highlighted in this report are as follows:
•Oracle(US)
• Elemica(US)
• 3Gtms(US)
• Shipwell(US)
• Group(US)
• MercuryGate International(US)
• Blue Yonder(US)
• Ratelinx(US)
• oTMS(US)
• Worldwide Express(US)
• Infor(US)
• Transplace(US)
•Manhattan Associatess(US)
• C.H. Robinson(US)
• E2open Trimble(US)
• WiseTech Global (Australia)
• Descartes Systems (Canada)
• Alpega Group( Belgium)
• Generix Group(France)
• 3T Logistics & Technology Group(UK)
• nShift(Finland)
• BlueRock Logistics(Netherlands)
• TESISQUARE(Italy)
• SAP (Germany)
• DDS Logistics(India)
Regional Analysis:
The study takes an in-depth look at the local industry, using both qualitative and quantitative data. It gives a segment-by-segment overview and forecast of the worldwide Transportation Management System market. It also offers market size and forecast estimates for five major regions, including North America, Europe, Asia-Pacific, the Middle East and Africa, and South America, from 2021 to 2027. Each area’s Transportation Management System market is further subdivided into regions and segments. The report investigates and forecasts many countries, as well as existing trends and prospects in the field.
COVID-19 Impact Analysis on Transportation Management System Market:
We thoroughly researched and analyzed the Global Transportation Management System Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analyses the potential of the global Transportation Management System industry, providing statistical data on market dynamics, growth factors, major challenges, PORTER analysis, and market entry strategy analysis, opportunities, and forecasts. The major purpose of the research is to offer industrial businesses a strategic analysis of COVID-19’s influence. Simultaneously, this investigation looked into the markets of major countries and highlighted their market potential.
Key Questions Answered in the Transportation Management System Market Report are:
- What are the most promising high-growth opportunities in the global Transportation Management System sector, as defined by product category, End User, and Region?
- Which Transportation Management System market segments will expand the fastest, and why?
- Which areas will expand the fastest, and why?
- What are the primary elements influencing Transportation Management System market dynamics? What are the primary drivers and obstacles in the Transportation Management System market?
- What are the Transportation Management System market’s business risks and dangers?
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