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Transportation Management System Market Size, Share & Industry Analysis, By Transportation Mode (Airways., Railways., Roadways.), By Mode of Deployment (On-Premise., Cloud.), By Enterprise Size (Small and Medium Enterprise., Large Enterprise.) And Regional Forecast 2022-2029

Region : Global | Report ID: FBI105954 | Status : Ongoing

 

KEY MARKET INSIGHTS

The transportation management system is a logistics platform that utilizes technology to help several businesses optimize and execute the physical transportation of goods, both outgoing and incoming, and make sure the shipment is compliant and proper documentation of the shipment is available. This kind of system is frequently part of a more extensive industry supply chain management (SCM) system. Additionally, it also regulates the entire shipping process and makes it easier for businesses to optimize and manage their transportation operations, whether by roadways, airways, or waterways.


The increase in demand for agility in logistics and transportation operations allows business to enhance the customer's delivery experiences, which is mainly driven by digital transformation around the globe. Technologies such as big data, adoption of IoT, and artificial intelligence allow comparatively smart and more efficient transportation operations. These are some of the major factors driving the growth of the market. However, the growing concerns over data security is one of the major factors hampering the growth of the market.


Key Market Driver -

the technological advancements in the transportation and logistics industry are expected to drive the growth of the market.

Key Market Restraint -

the growing concerns over data security is one of the major factors hampering the growth of the market.


Market Segmentation:


The global transportation management system market is segmented by transportation mode, mode of deployment, enterprise size, and region. Based on transportation mode, the market is further sub-segmented into airways, railways, and roadways. The roadways segment accounted for the largest market share in 2020. Factors such as low transportation charges, door-to-door facilities, flexible services, less capital outlay, and rapid transportation speed are expected to drive the growth of the segment. Based on mode of deployment, the market is segmented into on-premise and cloud. The on-premise segment accounted for the largest market share in 2020. Several large-scale manufacturing and distribution companies prefer on premise TMS over cloud as it has convenient access to the server, matches all the data security requirements, and has better control over customization. Based on enterprise size, the market is sub-segmented into small and medium enterprise and large enterprise. The large enterprise segment accounted for the largest market share is expected to dominate the market during the forecast period. It provides features such as carrier tracking, route optimization, order management, analytics, and account settlement. Additionally, the demand for scalable, flexible, and convenient services by large enterprises is anticipated to drive the growth of the segment.


Key Players:


Major players operating in the global transportation management system market include Oracle, Blujay Solutions, C.H Robinson, Manhattan Associates, Trimble, MP Objects, Inmotion Global, GlobalTranz, vTRadEx, Revenova, Unifaun, Generix Group, Logistically, Alpega Group, Supplystack, Ultraship TMS among others.


Key Insights



  • New Advancements in Transportation Management System Market.

  • Number of Products, Key Countries, 2020

  • New Product Launches, Key Players


Regional Analysis:


Geographically, the global transportation management system market is segmented into North America, Europe, Asia Pacific, and the rest of the world. North America held the largest share of the market in 2020. This can be attributed to the presence of major TMS companies and technologically advanced infrastructure in countries such as Canada and the USA. Asia Pacific is estimated to account for considerable market share by the end of the forecast period. The increased per-capita disposable income and increased usage of smartphones in the region are some of the major factors driving the growth of the market. Europe holds the second-largest share of the market. The increased adoption of e-commerce in the region and a proper transportation management system is required to cater to maximum customers. Increased adoption of IoT in the area is expected to drive the growth of the market.


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Segmentation


























 ATTRIBUTES 


 DETAILS     

By Transportation Mode




  • Airways.

  • Railways.

  • Roadways.



By Mode of Deployment




  • On-Premise.

  • Cloud.



By Enterprise Size




  • Small and Medium Enterprise.

  • Large Enterprise.



By Geography




  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World



  • Ongoing
  • 2021
  • 2018-2020

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