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Transportation Management System Market Trends

Report ID: GMI7218
Published Date: Oct 2024
Report Format: PDF

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Transportation Management System Market Trends

The transportation management systems (TMS) market is undergoing significant changes that are reshaping logistics and supply chain management. A key trend is the growing adoption of cloud-based solutions. Companies are shifting from on-premise systems to cloud TMS platforms, which offer enhanced flexibility, scalability, and lower IT expenses. These cloud solutions enable businesses to streamline operations and provide remote access, improving collaboration across teams and locations. This feature is particularly valuable in the current dynamic work environment.

Sustainability has become a paramount concern in logistics, prompting the evolution of transportation management system (TMS) solutions. Companies are prioritizing the reduction of their carbon footprints and the enhancement of eco-friendly operations. TMS platforms now incorporate features that optimize routes for fuel efficiency, facilitate the selection of environmentally responsible carriers, and provide detailed insights into transportation-related emissions. This focus on sustainability has emerged as a crucial differentiator for businesses seeking to appeal to environmentally conscious consumers.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The global transportation management system industry was valued at USD 12.4 billion in 2023 and is projected to grow at a 9.9% CAGR from 2024 to 2032, driven by the rapid expansion of e-commerce.

The solutions segment accounted for 68% of the market share in 2023 and is expected to exceed USD 19 billion by 2032 due to its comprehensive functionality in optimizing logistics operations.

U.S. transportation management system market held over 75% of the North America region's share in 2023 and is expected to reach around USD 8.5 billion by 2032, supported by its extensive and advanced transportation infrastructure.

Key players in the industry include 3Gtms, BlueRock Logistics, CH Robinson, DDS Logistics, Descartes, E2open, Manhattan Associates, Oracle, SAP, Trimble, and Wise Tech Global.