Analysts at GMI Research estimates that the Transportation Management Systems Market was worth USD 9.5 billion in 2021, and forecast to touch USD 31.8 billion in 2029, growing at a significant higher CAGR of 16.3% from 2022-2029.

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Key Drivers

The implementation of autonomous vehicles has improved in the transportation and logistics business over the past few years. The increasing technological innovations in AI and the rising investments in the advancement of vision and sensor technologies are pushing the growth of autonomous vehicles to change the way vehicles are assembled, operated, utilized, and serviced. Autonomous vehicles plan to transform logistics from cars to last-mile robots by unlocking new levels of efficiency, safety, and quality. Many enterprises are doing on accelerating the recognition of fully driverless vehicles. For instance, Tesla and Google have made substantial advances in driverless or autonomous vehicle technologies. Tesla, a leading producer of electric vehicles, is commencing procedures to establish fully autonomous heavy-duty freight vehicles. Likewise, companies such as UPS and Amazon are participating in the expansion of flying drones to automate delivery processes, which has helped change the landscape of the overall market. Players like 3Gtms is involved in offering 3PL TMS software which helps in making profitable transportation decisions and has helped the overall market in gaining traction.

Incorporating the newest technologies, such as Artificial Intelligence (AI) and blockchain, in TMS to improve the abilities of these systems has been one of the most recent developments that have been gaining traction. For instance, in November 2019, Wal-Mart Canada Corp. officially launched a blockchain-based supply chain management (SCM) solution, which involves payment processing and freight tracking for around 70 trucking firms with a distribution network of over 400 retail stores.

Restraint in the Transportation Management Systems Market

However, growing concerns over data security is a factor that is likely to hamper the overall growth of the market.

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Deployment – Segment Analysis

Based on the deployment, on-premise is witnessed to grow at a higher CAGR in the market over the forecast period. Numerous large-scale distribution and manufacturing companies still prefer on-assumption TMS because of the data safety requirements, accessible access to the server, and better control over customization. However, incumbents of various activities had led to opting for cloud-based TMS due to the rising understanding of its benefits, such as superior and efficient configuration capabilities.

Mode of Transportation – Segment Analysis

Based on the mode of transportation, waterways is witnessed to grow at a higher CAGR in the market over the forecast period. The growth can be attributed to the substantial investments being made by various governments in implementing TMS for the efficient managing of waterways. For instance, rendering to The World Bank Group, in March 2019, Vietnam’s Ministry of Transport proposed the Southern Waterways Logistics Corridor, which also comprised the founding of a Vietnam Trade Information Portal for assembling and handling the export, import and transit of goods in Vietnam. In addition, the project would also include the system of steering aids and the deployment of vessel TMS along the Cho Gao Canal to improve safety and reduce the transit time of shipments. Such initiatives are expected to drive the growth of the waterways segment.

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Regional – Segment Analysis:

Based on the regional coverage, Asia-Pacific is witnessed to grow at a higher CAGR in the market over the forecast period. According to Boeing, by 2037, China plans to have around 740 freighters in its cargo airplane fleet while it has only 170 freighters in 2017. Therefore, it can be interpreted that with such an increase in freighters the need for TMS will also increase, which has surged the overall growth of the market.

Top Market Players

Various notable players operating in the market, include, 3GTMS, Hauwei, Cerasis, Inc., C.H. Robinson Worldwide, Inc., The Descartes Systems Group Inc., Infor, Inc., IBM Corporation, Inet-logistics GmbH, JDA Software Group, Inc., Kuebix, among others. 

Key Developments:

• • In 2019, Hauwei officially launched its UPS power module globally, which has helped in the expansion of the product portfolio.

Segments covered in the Report:

The global transportation management systems market has been segmented on the basis of deployment, mode of transportation, end-use, and regions. Based on deployment, the market is segmented into on-premise, and cloud. Based on mode of transportation, the market is segmented into roadways, railways, waterways, and airways. Based on end-use, the market is segmented into retail & e-commerce, manufacturing, logistics, government organizations, and others. 

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Key questions answered in this research report:

• • At what pace is global transportation management systems market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in transportation management systems market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global transportation management systems market?
  • Which deployment generated maximum revenues in 2021 and identify the most promising deployment during the forecast period?
  • What are the various mode of transportation areas of global transportation management systems market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 9.5 billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Deployment, By Mode of Transportation, By End-Use, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	3GTMS, Hauwei, Cerasis, Inc., C.H. Robinson Worldwide, Inc., The Descartes Systems Group Inc., Infor, Inc., IBM Corporation, Inet-logistics GmbH, JDA Software Group, Inc., Kuebix, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Transportation Management Systems Market by Deployment

• • On-Premise
  • Cloud

Global Transportation Management Systems Market by Mode of Transportation

• • Roadways
  • Railways
  • Waterways
  • Airways

Global Transportation Management Systems Market by End-Use

• • Retail & E-commerce
  • Manufacturing
  • Logistics
  • Government Organizations
  • Others

Global Transportation Management Systems Market by Region

• • North America Transportation Management Systems Market (Option 1: As a part of the free 25% customization)
    • By Deployment
    • By Mode of Transportation
    • By End-Use
    • US Market All-Up
    • Canada Market All-Up
  • Europe Transportation Management Systems Market (Option 2: As a part of the free 25% customization)
    • By Deployment
    • By Mode of Transportation
    • By End-Use
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Transportation Management Systems Market (Option 3: As a part of the free 25% customization)
    • By Deployment
    • By Mode of Transportation
    • By End-Use
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Transportation Management Systems Market (Option 4: As a part of the free 25% customization)
    • By Deployment
    • By Mode of Transportation
    • By End-Use
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Transportation Management Systems (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 3GTMS
  • Hauwei
  • Cerasis, Inc.
  • H. Robinson Worldwide, Inc.
  • The Descartes Systems Group Inc.
  • Infor, Inc.
  • IBM Corporation
  • Inet-logistics GmbH
  • JDA Software Group, Inc.
  • Kuebix