Dublin, July 03, 2024 (GLOBE NEWSWIRE) -- The "Global Transportation Management System Market by Offering (Solutions (Planning & Execution, Order Management, Analytics & Reporting, Routing & Tracking), and Services), Transportation Mode, End User, Vertical and Region - Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.

The transportation management system (TMS) market is estimated to grow from USD 16.0 billion to USD 40.3 billion at a CAGR of 20.2%, from 2024 to 2029

Technologies like artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) are significantly enhancing TMS capabilities. AI and ML algorithms can predict demand patterns, optimize routes in real-time, and automate decision-making processes, reducing human error and increasing efficiency. IoT devices provide real-time data from vehicles and shipments, allowing for proactive management of transportation operations. These technologies not only improve operational efficiency but also enable better strategic planning and forecasting.

The major players in the TMS market are 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).

These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, product enhancements, and acquisitions to expand their TMS footprint.

The services segment is projected to register the highest CAGR during the forecast period.

The TMS services encompassing consulting, integration & implementation, and support & maintenance. Consulting services provide specialized expertise to evaluate, and design tailored logistics strategies that meet specific business requirements. Integration & implementation services ensure seamless deployment and integration of TMS solutions into existing operations, facilitating smooth transitions and maximizing system benefits.

And support & maintenance services offer ongoing technical assistance and regular updates to ensure consistent and optimal system performance, promptly addressing any operational challenges. Together, these services empower businesses to fully harness TMS solutions, enhancing operational efficiency, reducing costs, and achieving superior logistics management capabilities.

The shippers end user segment contributed the largest market share in the transportation management system market during the forecast period.

Shippers bear the responsibility of organizing and transporting goods, relying on robust TMS that offer a comprehensive suite of capabilities. These include route planning, scheduling, carrier management, cloud-based freight auditing, and load-building tools.

TMS solutions benefit both shippers and service providers across the supply chain. Shippers are increasingly embracing TMS solutions to strengthen relationships with customers and suppliers. They also leverage advanced features such as route planning, rating systems, and real-time tracking to optimize operations further. This adoption underscores TMS as a critical tool for improving operational efficiency and enhancing overall logistics management in today's competitive market environment.

Asia Pacific will register the highest growth rate during the forecast period.

The Asia Pacific region is at the forefront of TMS market growth, driven by factors such as intense global competition, widespread adoption of smart devices and connected technologies, and significant investments in smart city initiatives. Countries like India, China, and Vietnam are experiencing rapid economic growth, leading to increased deployment of connected solutions including sensors and RFID tags, which generate vast amounts of data.

This proliferation of data has elevated the importance of TMS in optimizing transportation and logistics operations across the region. Additionally, the diversification of transport modes and operators, coupled with advancements in cloud and mobile technologies, is expected to further propel the growth of the TMS market in Asia Pacific.

Key Attributes:

Premium Insights

• Increasing Demand for Transportation Management Systems from E-Commerce Sector to Drive Market
• Retail Vertical and US to Dominate North American Market in 2024
• Roadways Segment and China to Account for Largest Share in Asia-Pacific Market in 2024

Case Study Analysis

• Tetra Pak Modernizes Global Logistics with Oracle Cloud
• SAP Helps Xiwei Build Efficient Transportation and Delivery Platform
• Carhartt Implementats of Manhattan Tms Solution in Supply Chain
• Billerud Reshapes Outbound Logistics with Mercurygate Tms
• Trimble Transportation Solutions Drive Efficiency and Innovation at Mccoy Group
• Avery Dennison Adopts Transplace Tms to Simplify Customs Compliance in US and Mexico

Market Dynamics

Drivers

• Use of Cloud-based SaaS Solutions
• Mergers & Acquisitions of Top-Tier Tms Product Players with Startups
• Strengthening Bilateral Trade Relations Between Countries and Growth in Global Trade
• Technological Advancements in Transportation and Logistics Industry
• Rise of Last-Mile Delivery in Transportation

Restraints

• Growing Concerns Over Data Security
• Slow Adoption due to High Capital Investment

Opportunities

• Evolving 5G Logistics
• Use of Autonomous and Connected Vehicles in Transportation and Logistics
• Rising Adoption of Cloud-based Technology and Industry 4.0

Challenges

• Rise in Use of Electric Vehicles
• Lack of Awareness of Benefits of Tms Among End-users
• History of Transportation Management System

Ecosystem Analysis

• Solution/Service Providers
• System Integrators
• Freight Forwarders
• Technology Enablers

Regulatory Landscape

• International Organization for Standardization
• Iso/Iec Jtc
• Iso/Iec 27001
• Iso/Iec 19770
• Iso/Iec Jtc 1/Swg
• Iso/Iec Jtc 1/Sc
• Iso/Iec Jtc 1/Sc
• Iso/Iec Jtc 1/Wg
• General Data Protection Regulation
• Federal Motor Carrier Safety Administration (Fmcsa)
• Federal Highway Administration (Fhwa)
• Maritime Administration (Marad)
• Federal Aviation Administration (Faa)
• Federal Railroad Administration (Fra)
• Institute of Electrical and Electronics Engineers
• Cen/Iso
• Cen/Cenelec
• European Telecommunications Standards Institute
• Itu-T

Technology Analysis

• Key Technologies
• Artificial Intelligence & Machine Learning
• Blockchain
• Internet of Things
• Complementary Technologies
• Cloud Computing
• Robotic Process Automation
• Adjacent Technologies
• Autonomous Vehicles
• Warehouse Management Systems

Company Profiles

Major Players

• Oracle
• SAP
• Manhattan Associates
• C.H. Robinson
• Trimble
• Wisetech Global
• Descartes
• E2Open
• Generix Group
• Mercurygate International
• Blue Yonder
• Uber Freight
• Alpega Group
• Worldwide Express
• Infor

Other Players

• Kinaxis
• Shipwell
• 3T Logistics & Technology Group
• Ratelinx
• Otms
• Nshift
• Bluerock Tms
• Elemica
• Tesisquare
• Vtradex
• Shiptify
• Globaltranz
• Inmotion Global
• Logistically
• One Network Enterprises
• Intellitrans
• Allotrac
• Revenova
• Princeton Tmx
• Ctsi Global
• Pcs Software
• Shipsy

For more information about this report visit https://www.researchandmarkets.com/r/qcm9se

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• Global Transportation Management System Market