Transportation Management System Market Overview
The transportation management system market is predicted to reach USD 7,981.5 million by 2030, registering an 8.6% CAGR during the forecast period, 2022–2030. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years. The global transportation management system market is expected to witness substantial growth during the forecast period, primarily due to digitization of transportation industry.
Transportation Management System Market Key Players
Oracle Corporation (US), Blue Yonder Group, Inc. (AZ), SAP SE (Germany), Manhattan Associates Inc (US), e2open, LLC. (US)
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Transportation Management System Market Segmentation
The global Transportation Management System Market has been segmented into component, enterprise size, and Industry.
Based on component, the global Transportation Management System Market is segmented into solution, hardware, and services. Based on solution, the market is further segmented into cloud and on-premises.
Based on enterprise size, the global Transportation Management System Market is segmented into SME and large enterprises.
Based on Industry the global transportation management systems is segmented into retail, logistic provider, manufacturing, automotive, healthcare & pharmaceuticals, and others.
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Regional Analysis
Geographically, the global transportation management system market has been segmented into North America, Europe, the Middle East & Africa, and South America.
North America is likely to lead the transportation management system market. The players present in North America are one of the top players in the world. North America accounted for the largest market share of XX% in 2021, with a market value of USD XXX million; the market is expected to register a CAGR of 6.6% during the forecast period. The North America continues to hold the lion’s share in the transportation management system market. This is due to early adoption of technology, high availability of skilled expertise, robust cloud infrastructure, and presence of well-established players such as Oracle Corporation, JDA Software Group, Manhattan Associates, and CTSI-Global, offering intelligent transportation solutions for supply chain management. On the demand side, third-party logistic (3PL) providers, distributors, and e-commerce companies are significantly adopting cloud-based transportation management solutions that allow them to manage and improve their daily operations of transportation fleets
Europe was the second-largest market in 2021, valued at USD XXX million; the market is projected to exhibit a CAGR of 9.2%. The market is driven by the developed Western European region that includes Germany, the UK, France, Spain, Italy, and the rest of Europe. The market growth is attributed to growth of the e-commerce sector and increase in adoption of click and collect strategies by the retailers to improve the customer experience. According to industry experts, more than 30% of the share in Western European countries is held by retailers.
Asia-Pacific is expected to be the fastest-growing market for transportation management systems in the coming years. The market growth is driven by huge investments by domestic e-commerce sector, growth in parcel shipment market, adoption of IoT-based fleet management solutions, collaboration among the telecom giants in the industry to develop strong supply chain management solutions, and growth of smart logistics. The market is driven by China, Japan, India, and the rest of Asia-Pacific.