Global Transportation Management System Markets, 2021-2026: Digital Technologies for Creating Unmatched Opportunities for Operational Planning and a Richer Client Experience - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Transportation Management System (2021-2026) by Component, Transportation Mode, Deployment, Organisation Type, End-user, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Transportation Management Systems Market is estimated to be USD 8.8 Bn in 2021 and is expected to reach USD 21 Bn by 2026, growing at a CAGR of 19%.

The major driver for the Transportation Management System market is technological advancements in the transportation and logistics industry. The majority of the companies in the world are adopting digital technologies for creating unmatched opportunities for operational planning and a richer client experience.

Advanced technologies like Internet of things, Artificial intelligence, and big data analytics are driving the transportation management system. It also allows for smarter and efficient transport and logistics operations. Another major driver is exponential growth in the e-commerce industry, which improves the growth of the market.

However, the shortage of experienced professionals and higher implementation and maintenance costs hamper the market from growing during the forecast period.

Segments Covered

Based on Transportation Mode, the Global Transportation Management System is segmented into Roadways, Railways, Airways, and Maritime. The Roadways segment is expected to grow during the forecast period. It is the most prevalent mode of transport. Roadway mode is a relatively cheaper and flexible mode, making it possible to load and unload anywhere.

Based on Deployment Type, the Cloud segment holds the maximum share in TMS. The emergence of cloud-based technologies is anticipated to trigger the replacement of aging conventional TMS solutions. The recent development in software such as machine learning and predictive analytics, 3-D printing anticipate the growth and opportunities for the key players in the transportation management system market.

Based on Organisation Type, the Large Enterprise holds the maximum share in the market. The TMS offers a centralized system with several features like carrier tracking, order management, billing and accounts settlement, etc. Large enterprises invest heavily in TMS to increase their overall productivity and efficiency. Also, advanced technologies and innovative solutions in TMS helps the enterprises to grow rapidly.

Based on End User, the Manufacturing segment holds the largest share in the market. Most of the manufacturing companies are adopting transportation solutions for cost reduction. TMS helps in tracking and managing inventory, route optimization, and minimizing shipment/freight costs. It also reduces the operational cost. It increases visibility and control over the transportation chain and unscheduled downtime and improves product performance.

Based on Region, North America is expected to hold the largest market share in the market. This is because of the adoption of advanced technologies and cloud computing. They have an advanced IT infrastructure, which reduces the operational expenditure through various advancement in technologies.

Asia-Pacific is also expected to witness a high growth rate. It is mainly due to the increasing international trade, increasing penetration of smartphone use coupled with increasing disposable income. These factors propel the growth of eCommerce in these regions. Therefore, proper TMS will be required to cater to a broad range of customers.

Market Dynamics

Drivers

• Technological Advancements in the Transportation and Logistics Industry
• Exponential Growth in The E-Commerce Industry
• Enhanced Efficiency in the Process Upon TMS Solutions

Restraints

• Growing Concerns over Data Security
• Lack of Awareness about The Transport Management System

Opportunities

• Autonomous and Connected Vehicles to Transform the Transportation and Logistics Industry
• Increasing Adoption of Cloud-Based Technology and Industry 4.0
• Growing Digitalization in Emerging Economies
• Increasing Emphasis on Customer Service

Challenges

• Slow Adoption of TMS Solution due to High Capital Investment

Company Profiles

Some of the companies covered in this report are

• Oracle
• SAP
• Manhattan Associates
• C.H. Robinson
• Trimble
• Blujay Solutions
• Mercurygate International
• Blue Yonder
• Transplace
• Descartes Systems Group
• E2OPEN
• Alpega Group
• 3GTMS
• 3T Logistics & Technology Group
• Globaltranz
• Inmotion Global
• Vtradex
• MP Objects
• Logistically
• One Network Enterprises
• Elemica
• Tailwind Transportation Software
• Intellitrans
• Allotrac

For more information about this report visit https://www.researchandmarkets.com/r/j2k4nf