The global Transportation Management System (TMS) market size is expected to reach USD 44.96 Billion at a steady revenue CAGR of 19.1% in 2030, according to the latest analysis by Emergen Research. Technological advancements in the transportation and logistics industry can be attributed to the steady market revenue growth of transportation management system. One such advancement is Small Parcel Shipping (SPS) integration. Looking back at logistics and supply chain technology, it was only lately that certain transportation management systems started to incorporate parcels (small packets).
TMS concentrated on Over-The-Road (OTR) in the 2000s, with Less-Than-Truckload (LTL) and Full Truckload (TL) as the main modes of transportation, eliminating alternatives for shipping by sea, air, rail, and intermodal. In order to better serve clients, next-generation TMS solutions address these issues by providing accurate and immediate pricing quotes with a variety of delivery options, integrated label printing, tracking, and invoicing.
The latest report, Transportation Management System market enables stakeholders to gain insights into their potential consumers to construct more effective marketing strategies for the forecast period, 2022 to 2030. Most importantly, the document empowers business owners to seek information about potential consumers and where they can find them. With an exclusive coverage of the top vendors, the study enables business owners to know more about the local market and locate potential consumers.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Oracle Corporation, SAP, Manhattan Associates, C.H. Robinson Worldwide, Inc., e2open, LLC., Trimble Inc., WiseTech Global, The Descartes Systems Group Inc., MercuryGate, Blue Yonder Group, Inc., and others
Some Key Highlights From the Report
- On 18 May 2020, the 9.3 versions of the SAP Extended Warehouse Management (SAP EWM) and SAP Transportation Management (SAP TM) applications were released, according to SAP SE. The SAP Transportation Management (SAP TM) and SAP Extended Warehouse Management (SAP EWM) programs will now be accessible in the 9.3 editions, according to a statement from SAP SE. By adding transit warehousing options for service providers who combine warehousing and transportation at logistics hubs, these updates improve integration between logistics processes.
- The solutions segment is expected to account for largest revenue share in the global market over the forecast period. Using transportation management system solutions has various advantages. Better customer service, increased warehouse productivity, tracking deliveries, inventory control, and cheaper shipping costs are just a few advantages of transportation management system solutions. The current TMS technology provides for complete supply chain transparency. A major benefit is having access to and real-time visibility into all other integrated systems data. Logistical managers are better equipped to expect possible problems and act more quickly and effectively. This maintains a high level of client satisfaction without sacrificing efficiency or performance.
- The roadways segment is expected to account for largest revenue share in the global market over the forecast period. A transportation management system for roads has various advantages. Lower costs for the business and the end user, simpler supply chain processes across modes, carriers, and regions, automated business processes that lead to more accurate and timely billing and documentation, and improvements in security and visibility, particularly in transit, are all advantages of transportation management systems for roadways. Another advantage is the ability to track freight on a single platform both locally and globally. Reduced manual work results in fewer delays and quicker delivery dates.
Research Report on the Transportation Management System Market Addresses the Following Key Questions:
- Who are the dominant players of the Transportation Management System market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Transportation Management System market?
- What are the key growth drivers and restraining factors of the Transportation Management System market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Transportation Management System market and its key segments?
Emergen Research has segmented the global Transportation Management System market on the basis of type, type of care, and region
Segments Covered in this report are:
Component Outlook (Revenue, USD Million; 2019-2030)
- Solutions
Transportation Mode Outlook (Revenue, USD Million; 2019-2030)
- Roadways
- Railways
- Airways
- Maritime
Deployment Type Outlook (Revenue, USD Million; 2019-2030)
- On-Premises
- Cloud
In conclusion, the Transportation Management System Market report is an exhaustive database that will help readers formulate lucrative strategies. The Transportation Management System Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Transportation Management System market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Transportation Management System with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
