Transportation Management System Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

Market Overview

The transportation management system industry produced revenue of USD 16.8 billion in 2024, which is predicted to experience a CAGR of 20.0% over the forecast period, attaining USD 50.0 billion by the end of the decade.

The industry is observing development because of retail and e-commerce growth, modern tech, and mutual trade relations. Furthermore, TMS solutions aid in enhancing supply chains, classifying disruptions, tracking shipments, and automating administrative tasks. Over 60% of logistics businesses are spending substantial money on supply chain management systems.

Digital technologies are propelling revolutions for businesses in the transport domain, and while huge firms have sufficient funds to have a suitable IT setup, SMEs do not. As IT expenditures are high, startups and SMEs go with cloud-based transport management systems as they remove the requirement to make a dedicated IT department in the organization.

As per the reports, approximately 83% of the SMEs are utilizing cloud-based TMS. From an IT point of view, a cloud-based TMS supports quicker deployments, requires less time for installation and training, and offers automatic updates, along with modern features.

Such solutions provide convenience, flexibility, business scalability, and easy implementation and maintenance. All these advantages make them an attractive choice for transport businesses and advance overall supply chain efficacy. Cloud-based TMS provides a simple platform to handle transport and logistics procedures. It permits association among stakeholders and also allows real-time access to data.

Key Insights

Solutions are the largest component, with a market share of 50% in 2024.

The dominance of solutions is due to the need for lower shipping charges, inventory

handling, delivery tracking, warehousing efficiency augmentation, and customer service enhancement.

The services category is expected to witness the highest CAGR, of 20.4%, from 2024 to 2030.

Rising demand for consulting, deployment, and training services for TMS, a relatively new concept for established companies, drives the growth of services.

The on-premises category is the larger deployment mode, with a market share of 70% in 2024.

The cloud category will have a higher CAGR, of 20.2%, from 2024 to 2030.

Cloud-based TMS offers rapid and easy installation, reducing reliance on onsite hardware, and providing major planning and optimization benefits.

The lower cost of cloud-based solutions and increasing data volume drive demand for cloud-based TMS solutions to reduce operational costs.

The roadways category is the largest transportation mode, with a market share of 40% in 2024.

Roadways are preferred due to expansive networks, accessibility to more destinations, a growing e-commerce sector, and low-cost transportation advantages.

AI and IoT technologies in TMS solutions enhance road transportation logistics efficiency.

Maritime is the fastest-growing category, with a CAGR of 20.5% from 2024 to 2030.

Maritime transportation is preferred for long-distance, international transportation of goods in massive volumes.

The retail and e-commerce category held the largest market share, of 30%, in 2024.

The healthcare and pharmaceutical category will have the highest CAGR, of 20.7%, due to the rising demand for drugs, blood & tissue products, and other pharmaceutical goods.

TMS solutions help the healthcare and pharmaceutical sectors overcome logistics troubles and global supply chain issues.

North America is the largest region, with a market share of 45% in 2024.

North American dominance is due to supportive government policies and regulations, increasing investments in smart cities, and spiking utilization of smart, connected machines.

APAC is the fastest-growing region, with a CAGR of 20.3% from 2024 to 2030.

Product Code: 12981

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by component
- 1.4.2. Market size breakdown, by deployment
- 1.4.3. Market size breakdown, by transportation mode
- 1.4.4. Market size breakdown, by vertical
- 1.4.5. Market size breakdown, by region
- 1.4.6. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Revenue, by Component (2019-2030)
6.3. Market Revenue, by Deployment (2019-2030)
6.4. Market Revenue, by Transportation Mode (2019-2030)
6.5. Market Revenue, by Vertical (2019-2030)
6.6. Market Revenue, by Region (2019-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Revenue, by Component (2019-2030)
7.3. Market Revenue, by Deployment (2019-2030)
7.4. Market Revenue, by Transportation Mode (2019-2030)
7.5. Market Revenue, by Vertical (2019-2030)
7.6. Market Revenue, by Country (2019-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Revenue, by Component (2019-2030)
8.3. Market Revenue, by Deployment (2019-2030)
8.4. Market Revenue, by Transportation Mode (2019-2030)
8.5. Market Revenue, by Vertical (2019-2030)
8.6. Market Revenue, by Country (2019-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Revenue, by Component (2019-2030)
9.3. Market Revenue, by Deployment (2019-2030)
9.4. Market Revenue, by Transportation Mode (2019-2030)
9.5. Market Revenue, by Vertical (2019-2030)
9.6. Market Revenue, by Country (2019-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Revenue, by Component (2019-2030)
10.3. Market Revenue, by Deployment (2019-2030)
10.4. Market Revenue, by Transportation Mode (2019-2030)
10.5. Market Revenue, by Vertical (2019-2030)
10.6. Market Revenue, by Country (2019-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Revenue, by Component (2019-2030)
11.3. Market Revenue, by Deployment (2019-2030)
11.4. Market Revenue, by Transportation Mode (2019-2030)
11.5. Market Revenue, by Vertical (2019-2030)
11.6. Market Revenue, by Country (2019-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Revenue, by Component (2019-2030)
12.3. Market Revenue, by Deployment (2019-2030)
12.4. Market Revenue, by Transportation Mode (2019-2030)
12.5. Market Revenue, by Vertical (2019-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Revenue, by Component (2019-2030)
13.3. Market Revenue, by Deployment (2019-2030)
13.4. Market Revenue, by Transportation Mode (2019-2030)
13.5. Market Revenue, by Vertical (2019-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Revenue, by Component (2019-2030)
14.3. Market Revenue, by Deployment (2019-2030)
14.4. Market Revenue, by Transportation Mode (2019-2030)
14.5. Market Revenue, by Vertical (2019-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Revenue, by Component (2019-2030)
15.3. Market Revenue, by Deployment (2019-2030)
15.4. Market Revenue, by Transportation Mode (2019-2030)
15.5. Market Revenue, by Vertical (2019-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Revenue, by Component (2019-2030)
16.3. Market Revenue, by Deployment (2019-2030)
16.4. Market Revenue, by Transportation Mode (2019-2030)
16.5. Market Revenue, by Vertical (2019-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Revenue, by Component (2019-2030)
17.3. Market Revenue, by Deployment (2019-2030)
17.4. Market Revenue, by Transportation Mode (2019-2030)
17.5. Market Revenue, by Vertical (2019-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Revenue, by Component (2019-2030)
18.3. Market Revenue, by Deployment (2019-2030)
18.4. Market Revenue, by Transportation Mode (2019-2030)
18.5. Market Revenue, by Vertical (2019-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Revenue, by Component (2019-2030)
19.3. Market Revenue, by Deployment (2019-2030)
19.4. Market Revenue, by Transportation Mode (2019-2030)
19.5. Market Revenue, by Vertical (2019-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Revenue, by Component (2019-2030)
20.3. Market Revenue, by Deployment (2019-2030)
20.4. Market Revenue, by Transportation Mode (2019-2030)
20.5. Market Revenue, by Vertical (2019-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Revenue, by Component (2019-2030)
21.3. Market Revenue, by Deployment (2019-2030)
21.4. Market Revenue, by Transportation Mode (2019-2030)
21.5. Market Revenue, by Vertical (2019-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Revenue, by Component (2019-2030)
22.3. Market Revenue, by Deployment (2019-2030)
22.4. Market Revenue, by Transportation Mode (2019-2030)
22.5. Market Revenue, by Vertical (2019-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Revenue, by Component (2019-2030)
23.3. Market Revenue, by Deployment (2019-2030)
23.4. Market Revenue, by Transportation Mode (2019-2030)
23.5. Market Revenue, by Vertical (2019-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Revenue, by Component (2019-2030)
24.3. Market Revenue, by Deployment (2019-2030)
24.4. Market Revenue, by Transportation Mode (2019-2030)
24.5. Market Revenue, by Vertical (2019-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Revenue, by Component (2019-2030)
25.3. Market Revenue, by Deployment (2019-2030)
25.4. Market Revenue, by Transportation Mode (2019-2030)
25.5. Market Revenue, by Vertical (2019-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Revenue, by Component (2019-2030)
26.3. Market Revenue, by Deployment (2019-2030)
26.4. Market Revenue, by Transportation Mode (2019-2030)
26.5. Market Revenue, by Vertical (2019-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Revenue, by Component (2019-2030)
27.3. Market Revenue, by Deployment (2019-2030)
27.4. Market Revenue, by Transportation Mode (2019-2030)
27.5. Market Revenue, by Vertical (2019-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Revenue, by Component (2019-2030)
28.3. Market Revenue, by Deployment (2019-2030)
28.4. Market Revenue, by Transportation Mode (2019-2030)
28.5. Market Revenue, by Vertical (2019-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. Oracle Corporation
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. GKN Automotive Limited
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. SAP SE
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. Manhattan Associates Inc.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. The Descartes Systems Group Inc.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. MercuryGate International Inc.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. Blue Yonder Inc.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. Trimble Inc.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. CTSI-Global
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. C.H. Robinson Worldwide Inc.
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. WiseTech Global Limited
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports

Transportation Management System Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)