PUBLISHER: The Business Research Company | PRODUCT CODE: 1546611
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546611
A Terminal Management System (TMS) is specialized software designed to efficiently manage and optimize operations at terminal facilities such as ports, airports, and distribution centers. It oversees crucial activities such as loading, unloading, and transshipping goods, integrating logistics, resource management, and security functions to enhance operational efficiency and reliability.
The TMS offers include hardware, software, and services. Hardware encompasses physical equipment such as computers, servers, terminals, sensors, and industrial machinery used in terminal operations. Projects range from greenfield to brownfield developments, supporting various applications such as truck and rail dispatch, pipeline operations, access control, inspections, kiosk functionality, berth allocation automation, sealing, blending, and more. Verticals benefiting from TMS solutions include railways, renewable energy, aviation, chemicals, oil and gas, among other
The terminal management system market research report is one of a series of new reports from The Business Research Company that provides terminal management system market statistics, including the terminal management system industry global market size, regional shares, competitors with terminal management system market share, detailed terminal management system market segments, market trends, and opportunities, and any further data you may need to thrive in the terminal management system industry. These terminal management system market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The terminal management system market size has grown strongly in recent years. It will grow from $1.12 billion in 2023 to $1.21 billion in 2024 at a compound annual growth rate (CAGR) of 8%. The growth observed in the past can be attributed to the expansion of container shipping, heightened environmental consciousness, economic downturns prompting operational efficiencies among companies, the expansion of the maritime sector, and advancements in rail networks.
The terminal management system market size is expected to see strong growth in the next few years. It will grow to $1.65 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. Anticipated growth in the upcoming period is linked to the increasing emphasis on optimizing terminal operations, a growing focus on energy-efficient practices, stringent safety and security regulations, rising customer expectations for transparency, and the adoption of environmentally-friendly logistics initiatives. Key trends expected in this period include enhanced security solutions, cybersecurity measures, adoption of blockchain and digital twin technologies, and the implementation of remote terminal management and monitoring solutions.
The terminal management system market is poised for growth, driven by the expanding oil and gas industry. This growth is fueled by increasing global energy demand, advancements in extraction and production technologies, and significant investments in exploration and infrastructure. Terminal management systems (TMS) play a crucial role in streamlining operations such as receipt and dispatch, enhancing inventory management, optimizing resource allocation, ensuring safety compliance, and enabling real-time tracking and blending processes. For instance, according to the US Energy Information Administration, US oil production rose from 11.7 million barrels per day (b/d) in December 2021 to 12.1 million b/d by December 2022, with natural gas production increasing from 120.0 billion cubic feet daily to 121.1 billion cubic feet per day. Consequently, the expansion of the oil and gas sector is a key driver behind the growth of the terminal management system market.
Leading companies in this market are focusing on developing pre-configured versions of terminal management solutions to expedite implementation, reduce costs, and ensure rapid deployment, all while maintaining flexibility and scalability to meet specific client requirements. These pre-configured solutions are standardized software packages tailored for efficient handling of terminal operations with minimal customization. For instance, Implico Group introduced OpenTAS Go in September 2022, a ready-to-implement version of their terminal management solution designed to support tank terminals of varying sizes. It features a comprehensive cloud ecosystem with standardized microservices for data and process management, supervision, KPI reporting, and API-based integration, ensuring ease of maintenance and operational efficiency.
In June 2022, Mi-Jack, a machinery manufacturing company headquartered in the US, purchased Yardeye GmbH for an undisclosed sum. The acquisition is intended to augment Mi-Jack's mi-star platform by integrating advanced automation and collision avoidance technologies, thereby strengthening its portfolio for global port and intermodal terminal solutions. Yardeye GmbH, based in Germany, specializes in terminal automation and safety systems for the port and rail container sectors.
Major companies operating in the terminal management system market are Siemens AG, Schneider Electric SE, Honeywell International Inc., ABB Ltd., DP World Limited, Emerson Electric Co., Rockwell Automation Inc., Terex Corporation, Cargotec Oyj, Konecranes Oyj, Yokogawa Electric Corporation, Endress+Hauser Group Services AG, Hutchison Port Holdings Limited, INFORM GmbH, Marsa Maroc SA, Navis Holdings LLC, Moffatt & Nichol Inc., RightShip Pty Ltd, Cyberlogitec Co. Ltd., Tideworks Technology Inc., Girmiti Software Private Limited, Identec Solutions AG, Implico Group, Total Soft Bank Ltd., Softship AG, Jade Logistics Private Limited
North America was the largest region in the terminal management system market in 2023. The regions covered in the terminal management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the terminal management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The terminal management system market consists of revenues earned by entities by providing services such as operational efficiency, resource optimization, real-time monitoring, inventory management, documentation and reporting. The market value includes the value of related goods sold by the service provider or included within the service offering. The terminal management system market also includes sales of servers and data storage, workstations and terminals, and mobile devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Terminal Management System Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on terminal management system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for terminal management system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The terminal management system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.