Global Transportation Management Systems Market Is Likely To Grow At A CAGR Value Of Around 17.8% By 2028

According to the report, the global transportation management systems market size was valued at approximately USD 8162.5 million in 2021 and is predicted to reach around USD 21811.9 million by the end of 2028, expanding at a CAGR of around 17.8% from 2022 to 2028. The report analyzes the transportation management systems market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the transportation management systems market.

Transportation Management Systems are crucial for companies to efficiently manage their operational functionality for transportation fleets, carriers, effective shipment tracking, route optimization, and other factors. The rising proliferation of technologies such as the Internet of Things (IoT), machine learning, machine vision, big data, Artificial Intelligence (AI), etc., has also boosted the transportation management systems market potential.

Transportation management systems market growth will be driven by factors such as the establishment of smart cities, rapid digitization, high technological penetration, presence of internet infrastructure, rising investments from governments, increasing demand for sustainability, etc. over the forecast period.  

High costs associated with the deployment and adoption of transportation management systems are expected to restrain the transportation management systems market potential on a global scale. Large enterprises with high investment capacity are expected to be major users of transportation management systems over the forecast period. These high costs are expected to restrain adoption in SMEs through 2028.

Increasing concerns about data privacy in these systems are also anticipated to restrain market potential to a certain extent. Increasing cybercrime is also expected to further have a constraining effect on the adoption of transportation management systems through the forecast period.

The pandemic of 2020 led to the imposition of lockdowns across the world and saw the world with minimal transportation activity to curb the spread of coronavirus infections and subdue the pandemic situation. This led to a major negative growth trend for the transportation management systems market in 2020. The market is expected to make an exceptional recovery in the post-pandemic era owing to high transportation activity and rising technological proliferation

The global transportation management systems market is segmented based on component, transportation mode, deployment type, organization size, verticals, and region. Based on components, the transportation management systems market is segmented into solution, planning, and execution, order management, audit, payment and claims, reporting and analytics, routing and tracking services, consulting, integration and implementation, support, and maintenance. The consulting sub-segment is anticipated to have a major dominant outlook over the forecast period owing to the rising complexity of transportation management systems that makes it essential to have a consulting service to effectively understand and manage transportation management systems for utmost productivity

North America holds a major market share and is projected to be the dominant region through the forecast period. The transportation management systems market growth in this region will majorly be driven by the presence of key transportation management systems companies and rapid technological advancements. The presence of a highly lucrative business landscape with a high spending capacity is expected to majorly boost transportation management systems demand in this region through 2028. The economies of the United States and Canada are anticipated to boost transportation management systems market potential in this region.

Browse the full “Transportation Management Systems Market - By Component (Solution, Planning and Execution, Order Management, Audit, Payment & Claims, Reporting & Analytics, Routing & Tracking Services, Consulting, Integration & Implementation, and Support & Maintenance), By Transportation Mode (Roadways, Railways, Airways and Maritime), By Deployment Type (On-premises and Cloud), By Organization Size (Large Enterprises and SMEs), By Verticals (Retail, Healthcare & Pharmaceutical, Manufacturing, Transportation & Logistics, Energy & Utilities, Government, Others [include construction & agriculture]), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 - 2028” Report at https://www.zionmarketresearch.com/report/transportation-management-system-market

Key players functioning in the global transportation management systems market include Oracle (US), SAP (US), Manhattan Associates (US), C.H. Robinson (US), Trimble (US),  Blujay Solutions (US), MercuryGate International (US), Blue Yonder (US), Transplace (US), Descartes Systems Group (Canada), E2open (US), Alpega Group (Belgium), 3Gtms (US), 3T Logistics & Technology Group (UK), Globaltranz (US), InMotion Global (US), vTradEx (China), MP Objects (US), Logistically (US), One Network Enterprises (US), Elemica (US), Tailwind Transportation Software (Canada), IntelliTrans (US), Allotrac (Australia), Revenova (US), Fretron (India), Ratelinx (US), Tracx Systems (Canada), WiseTech Global (Australia), Princeton TMX (US), CTSI Global (US), Generix Group (France), Unifaun (Sweden), Supplystack (Belgium), Efreightsolutions (US), Ultraship TMS (US), and Infor (US).

Recent Developments:

• In February 2020, Huawei announced the launch of its new UPS power module and will be facilitating data center utilization that could be useful for increasing data storage demand from high throughput transportation management systems.

The global transportation management systems market is segmented as follows:

By Component

• Solution
• Planning & Execution
• Order Management
• Audit, Payment, & Claims
• Reporting & Analytics
• Routing & Tracking Services
• Consulting
• Integration & Implementation
• Support & Maintenance

By Transportation Mode

• Roadways
• Railways
• Airways
• Maritime

By Deployment Type

• On-premises
• Cloud

By Organization Size

• Large Enterprises
• SMEs

By Verticals

• Retail
• Healthcare & Pharmaceutical
• Manufacturing
• Transportation & Logistics
• Energy & Utilities
• Government
• Others [include construction & agriculture]

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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