Transportation Management System Market Size Share & Growth Analysis by 2030

Transportation Management System Market Research Report: Information By Component (Hardware, Solution, Services), By Enterprise size (SME, Large Enterprises), By Industry (Retail, Logistic Provider, Manufacturing, Automotive, Healthcare & Pharmaceuticals, Others) and Region (North America, Asia-Pacific, Europe, Rest of the world)—Forecast Till 2030

ID: MRFR/ICT/0888-CR | September 2022 | Region: Global | 160 Pages         

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Transportation Management System (TMS) Market

Transportation Management System (TMS) Market size to expand at a CAGR of 8.6% to reach USD 7,981.5 million from 2022–2030
Market Size
CAGR
Dominating Region
Forecast Period
$7,981.5 million
8.6%
North America
2022-2030
Segmentation
By Component
By Deployment
By Industry
  • Solution Hardware
  • Services
  • On-Premise
  • On-Cloud
  • Retail
  • Travel and Tourism
  • Healthcare
  • Construction
Companies Profiled
Key Players
Oracle Corporation (US)
JDA Software Group Inc. (US)
Manhattan Associates Inc. (US)
Descartes Systems Group Inc. (Canada)
SAP SE (Germany)
BluJay Solutions Ltd (US)
CTSI-GLOBAL (US)
EFKON GmbH (Austria)
Alpega Group (Austria)
HighJump (US)
MercuryGate (US)
Market Driving Forces
Drivers
Technological developments in the transportation and logistics industry
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Market Overview


The global transportation management system market is expected to witness substantial growth during the forecast period, primarily due to digitization of the transport industry. As per MRFR, the global transportation management system market has been growing at a significant rate from the past few years and is expected to reach USD 7,981.5 million by 2030, at a CAGR of 8.6% during the forecast period, 2022–2030.


The global transportation management systems market has been segmented into component, enterprise size, Industry, and region. Based on component, the global transport system management 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 systems is segmented into SME, large enterprises. Based on Industry the global transportation management systems is segmented into retail, logistic provider, manufacturing, automotive, healthcare & pharmaceuticals, and others. Based on region, the global transportation management systems is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.


GLOBAL: TRANSPORTATION MANAGEMENT SYSTEM MARKET, 2019-2030TRANSPORTATION MANAGEMENT SYSTEM MARKET, 2019-2030Source: Industry Expert, Secondary Research, and MRFR Analysis


Covid-19 Analysis of Transportation Management System Market


The WHO (World Health Organization) declared COVID-19 a pandemic in 2020, more and more countries across the globe shut down their borders and limited transportation and travel to contain the coronavirus outbreak, thus, creating impediments for international trade and transportation. As the outbreak caused disruptions in supply chain operations, the logistics and transportation industries were hampered in various ways across air, freight, and sea. The pressure on organizations during this coronavirus pandemic has shifted from moving citizens to keeping a core transportation system operational with a skeleton workforce to ensure freight and key essential workers can continue to move. A secondary effect of this shift is the sudden change in sources of revenue for transportation operators, with many experiencing an unexpected shortfall in their finances. Organizations will need to plan to ensure that the transportation network will be ready for a return to normal operations when the coronavirus pandemic lockdown measures are lifted.


TMS Market Dynamics


The transportation management system market is driven the factors such as digitization of the transport industry and growing demand for cloud-based transportation management system. However, this market growth is hampered by data privacy and security concern. Although, the market provides opportunities such as growing adoption of IoT and Big data.


TMS Market Drivers



  • Digitization of the Transportation Industry


The transportation sector has been significantly disrupted and revolutionized by the advent of digital revolution. Efficiency, route optimization, speed and time have always been crucial to the operations of the logistics and transportation industry. Digitalization of transportation operations and services enables operators to deliver efficient and safe services with intelligent networks and automation. Interconnection of transportation data and technology offers intelligent transport system which can respond to adverse conditions such as environmental changes and traffic congestion in real time. It also enables to predict potential faults in a vehicle to avoid delay in the transportation process and increases the life of fleet. Advancements in computer-aided design, combined with ability to sense and measure the health of the vehicle and fuel utilization which offers the ability to monitor and maintain the fleet, roads, tracks, and runways is expected to drive the growth of transportation management system market.


RESTRAINTS



  • Data Privacy and Security Concerns


Digitalization of transportation network using analytical capabilities and cutting-edge technologies such as automation, AI, and IoT increases the efficiency of the transportation system. The use of real-time telematics solutions, cloud platform, and GPS technology further streamlines and optimizes the transportation operations and provides visibility to the entire transportation process. However, these connected technologies also bring cybersecurity challenges.


OPPORTUNITY



  • Growing Adoption of IoT and Big Data


Advanced technologies such as IoT and big data are expected to restructure the entire transportation management process. IoT devices and sensors offer real-time fleet monitoring which helps in providing a highly integrated and streamlined transportation management system. Real-time monitoring enables visibility over the entire transportation process including activities such as driving conditions, routes, and assets. This is expected to minimize the fuel and maintenance costs, reduce delays, and improve travel safety.


Transportation Management System Market Segmentation


The global transportation management systems market has been segmented into component, enterprise size, and Industry.


Based on component, the global transport system management 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 systems 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.


Transportation Management System Market 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. Europe was the second-largest market in 2021, valued at USD XXX million; the market is projected to exhibit a CAGR of 9.2%. However, the market in Asia-Pacific is expected to register the highest CAGR of 10.9%.


GLOBAL: TRANSPORTATION MANAGEMENT SYSTEM MARKET, BY REGION, 2021 (% SHARE)TRANSPORTATION MANAGEMENT SYSTEM MARKET, BY REGION, 2021 (% SHARE)Source: Industry Expert, Secondary Research, and MRFR Analysis


Competitive Landscape


The transportation management system market is growing at a remarkable rate due to significant technological innovations. Digital revolution in the transportation industry is a major factor responsible for the growth of the transportation management system market during the forecast period. However, data privacy and security concerns are expected to hamper the growth of the market.


According to MRFR analysis, the growth of the transportation management system market is dependent on market conditions. The key vendors in the market are Oracle Corporation, Blue Yonder Group, Inc., Manhattan Associates Inc, The Descartes Systems Group Inc, SAP SE, E2open, LLC. (BluJay Solutions Ltd.), CTSI-GLOBAL, EFKON GmbH, Alpega Group, Körber AG (HighJump), Mercurygate, One Network Enterprises, Precision Software, CARGOSMART, Next Generation Logistics, ORTEC, TMW Systems (Trimble), Omnitracs, and Everlog.


These companies are focusing on enhancing their products with the integration of improved technologies. Moreover, these companies are prominent providers of transport management systems and compete in the transport management market to increase their geographic presence, expand their customer base, and form strategic partnerships.


The top 5 players in the transportation management system market are Oracle Corporation, Blue Yonder Group, Inc., SAP SE, Manhattan Associates Inc, and e2open, LLC.


Recent Developments



  • In February 2022, Oracle launched new logistics management capabilities within Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). The updates to Oracle Fusion Cloud Transportation Management and Oracle Fusion Cloud Global Trade Management can help organizations reduce costs and risk, improve customer experience, and become more adaptable to business disruptions.

  • In October 2021, Oracle had signed a partnership with Wipro and launched Wipro Tollway Transportation and Billing solution to improve commuters’ experience while improving profitability for tollway authorities.

  • In August 2020, Omnitracs LLC collaborated with Trimble Inc to integrate their transportation platform. The collaboration will help customers enhance operational efficiencies, additional features, and efficient workflow.


Report Overview


This study estimates revenue growth at global, regional, and country levels and offers an overview of the latest developments in each of the sub-sectors from 2018 to 2030. For this analysis, MRFR segmented the global transportation management system market has been segmented based on Component, Enterprise size, and Industry.


By Component



  • Hardware


  • Solution

    • Cloud

    • On-premises



  • Services


By Enterprise size



  • SME

  • Large enterprises


By Industry



  • Retail

  • Logistic provider

  • Manufacturing

  • Automotive

  • Healthcare & pharmaceuticals

  • Others



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 7,981.5 Million
  CAGR   8.6% (2022–2030)
  Base Year   2021
  Forecast Period   2022–2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Component • Hardware • Solution • Services By Enterprise size • SME • Large enterprises By Industry • Retail • Logistic provider • Manufacturing • Automotive • Healthcare & pharmaceuticals • Others
  Geographies Covered   • North America • Europe • Asia-Pacific • Middle East and Africa • South America
  Key Vendors   Oracle Corporation (US),Blue Yonder Group, Inc. (AZ), Manhattan Associates Inc. (US), The Descartes Systems Group Inc. (Canada), SAP SE (Germany), E2open, LLC. (US), CTSI-GLOBAL (Tennessee), EFKON GmbH (Austria), Alpega Group (Austria), Körber Ag (Highjump) (Austria), MercuryGate (US), One Network Enterprises (US), QAD Precision (US), CargSmart Limited (China), Next Generation Logistics (US), ORTEC (Netherland), Trimble Inc (US), Omnitracs LLC (US), Everlog (Brazil)
  Key Market Opportunities   o Growing Adoption of IoT and Big Data
  Key Market Drivers   o Digitization of the transport industry o Growing demand for cloud-based transportation management system


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Frequently Asked Questions (FAQ) :

North America regional market is projected to be the major driver of the market.

The segments in the market are Component, Enterprise size, and Industry.

The major contenders in the global market are Oracle Corporation (US), Blue Yonder Group, Inc. (AZ), SAP SE (Germany), Manhattan Associates Inc (US), and e2open, LLC. (US).