Transportation Management System (TMS) Market size was valued at US$ 9.10 Bn. in 2021 and the total revenue is expected to grow at 18.24% through 2022 to 2029, reaching nearly US$ 34.78 Bn.
Transportation Management System (TMS) Market Overview:
The Transportation Management System (TMS) Market’s drivers, restraints, opportunities, trends, technical advancements, product developments, restrictions, growth strategies, and market prospects, as well as the forecast period, are briefly covered in the Transportation Management System (TMS) Market research report. The global Transportation Management System (TMS) Market research report offers an in-depth look at the industry, including key figures like market size, market share, revenue growth, and CAGR over the forecast cast period (2021 to 2029).
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Transportation Management System (TMS) Market Scope:
The report published by Maximize Market Research on Transportation Management System (TMS) Market focuses on the most important regional market share data. Simultaneously, it highlights the important aspects of each regional market’s growth tendencies. The research also includes a full geographical analysis of the industry, highlighting the industry growth potential and Transportation Management System (TMS) Market hurdles in each of the key regions.
The report also provides critical information on important variables such as market share, size, and growth rate, based on the in-depth analysis of the Transportation Management System (TMS) Market. Other areas of the economic aspects, such as investment feasibility, demand and supply, import and export status, supply chain management, and growth predictions, disclose a lot about the economy’s prospects between 2020 and 2029.
Segmentation:
The global Transportation Management System (TMS) market is divided into Cloud and On-premises segments based on deployment mode. 57% of the market was accounted for by the on-premises segment in 2021. Several major manufacturing and distribution firms still favour on-premise TMS because to the necessity for data protection, easy access to the server, and superior control over modification. However, incumbents from a wide range of industries and industrial verticals are anticipated to convert to cloud-based TMS in large numbers over the course of the forecast period as the benefits of this approach become more widely understood.
The Roadways, Railways, Aviation, and Marine segments comprise the global Transportation Management System (TMS) market. In 2021, the Roadways category had the highest market share (41.1%). One of the most popular forms of transportation worldwide is road travel. It is considered to be more affordable than other forms of transportation. Because it can load and unload at any location, it is also seen as being economical and adaptable. Many governments, particularly in emerging economies, are currently putting programmes into place aimed at modernising their transportation infrastructure. This is expected to increase demand for logistical services delivered by roads and, as a result, support the expansion of the highways market.
The retail, healthcare and pharmaceutical, manufacturing, transportation and logistics, energy and utilities, government, and others segments of the worldwide Transportation Management System (TMS) market are all based on vertical. 36% of the market was accounted for by the Manufacturing sector in 2021. The outsourcing of inventories and manufacturing raw materials has increased as a result of the rising number of manufacturing facilities in developing nations like Mexico and India.
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Key Players:
• 3GTMS, Inc.
• CargoSmart Ltd.
• Descartes Systems Group, Inc.
• Manhattan Associates, Inc.
• BluJay Solution
• One Network Enterprises
• JDA Software Group, Inc.
• Oracle Corporation
• SAP SE
• Precision Software, Inc.
• TECSYS
• John Galt Solutions
• SuperProcure
• Axit AG
• CTSI-Global
• Blue Yonder
• GT Nexus
• Transentric
• Transporeon
• MercuryGate
Regional Analysis:
The global Transportation Management System (TMS) Market’s growth trend is examined in depth throughout the report. It shows how the most major regional divides, such as North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, have global dominance in the Transportation Management System (TMS) Market. The regional Transportation Management System (TMS) Market size of the base and the forecast values for each and every segment is covered for all the economies. The report also includes the market hampering factors both positively as well as negatively in every region for the Transportation Management System (TMS) Market.
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Key offerings:
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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