Transportation Management System Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2026
Transportation Management System Market Overview
Transportation
Management System (TMS) Market size was valued at $8.9 billion in 2020, and it is
estimated to grow at a CAGR of 17.6% during 2021-2026. The growth of the TMS
system is attributed to adoption of advanced technologies such as IoT, machine
learning, artificial intelligence and others. Trucking software assists in
managing the supply chain management in trucking logistics industry. Increasing
investments on transportation and logistics software solutions is estimated to
propel the transportation management industry during forecast period 2020-2025. Apart from time, traffic congestion upsurges carbon footprints
of an area due to prolonged stationed vehicles, fuel loss, and road fatalities.
With both ecological and economic adverse effects pertaining to traffic,
TMS system market based on advanced telecommunication
and information technology such as GPS and cloud service is gaining traction as
an imperative asset for the transportation sector. Ample opportunities from
numerous economies aggressively developing their transportation logistics for improved trade routes and transit has driven the trucking software and logistics software thereby driving the transportation management
system market
Report Coverage
Key Takeaways
- Europe dominates the Transportation Management System market owing to the presence of large number of players.
- High investments and growing trend of E-commerce sector have been providing ample opportunities to TMS system in transportation and logistics sector.
- Integration of advanced technologies such as IoT, artificial intelligence with trucking software have been fueling the market growth.
- High initial cost and lack of skilled people in operating the system is the major challenge of this market.
Transportation Management System Market, By Transportation Mode
Transportation Management System Market Segment Analysis – By Deployment
The hosted deployment
mode held the major share of 51.5% in 2020 is expected to grow at a higher CAGR
during forecast period. As this deployment is less expensive compared to on-premises
deployment in terms of implementation and infrastructure costs, there is high
adoption of this deployment mode which drives the TMS market. Additionally, the
benefits associated with this mode such as low maintenance requirements and
cost effectiveness are the factors that drive the market. The advancements in
technology coupled with expansion of online business and omni-channel
conveyance are driving more shippers to adopt TMS as their management process.
Transportation Management System Market Segment Analysis – By Application
Parking is the fastest
growing segment in Event Management Software market and is estimated to grow at
a CAGR of 16.5%. There has been increasing adoption of TMS for parking
applications owing to government policies in reducing parking problems. Parking
problems can be minimized and can be managed efficiently with the
operation of TMS and with the interconnection of them with other management
systems. This system is also used in parking applications such as collecting
information regarding vehicles, demand management, navigation, safety and
security of the vehicles and this set to fuel the demand of TMS.
Transportation Management System Market Segment Analysis – By Geography
Europe dominated the Transportation Management System market in 2020 with a share of 37.6%, followed by North America and APAC. Adoption of advanced technologies by European Union (EU) and providing projects to various TMS vendors for upgrading its transportation solutions set to drive the market growth. TMS vendors in Europe focused their applications on offering various shipment execution capabilities and on integrating complex carrier networks. Additionally presence of large number of players has been fueling the market growth in this region.
Transportation Management System Market Drivers
Increasing trend for E-Commerce set to drive the TMS market
With growing trend of
E-commerce sector, there is increase in adoption of TMS system in
transportation and logistics sector. TMS plays a crucial role in managing
customer expectations and keeping fulfillment and delivery costs in update. It
also helps customers in leveraging optimization and the utilization of all
available modes such as pool distribution, multi-stop truck load TL, and less
than truck load (LTL), and to find the most cost-effective way to deliver
freight. The adoption of TMS in e-commerce also enable shippers in leveraging
all modes of transportation, critical during peak shipping times and through
the ongoing capacity crunch. TMS offers E-commerce sector with additional
benefits in finding the most cost-effective shipping options. In other words,
adoption of TMS has become a single part of an effective transportation and
logistics strategy, thereby driving the market.
Adoption of advanced technologies such as internet of things (IoT), artificial intelligence (AI)
There has been
increase in adoption of advanced technologies such as machine learning, IoT,
artificial intelligence and automation in transportation industry which set to
drive the market growth. Transportation companies have been implementing these
technologies for various applications such as multi carrier parcel management,
3D load design, and others. The companies also have been partnering with radio
frequency identification (RFID) providers in order to develop integrated
solutions to enhance operational efficiency by reducing manual inputs and
broadcasting signal information regarding location and specifications of the
product in transit. Additionally, increasing use of wireless connectivity
and smart sensor technologies have been driving the market in order to provide
real time information to companies about transport vehicles.
Transportation Management System Market Challenges
High Initial Cost
High initial cost and
maintenance cost hamper the growth of transportation management system market.
High skilled workforce is required and lack of proper training facilities
restrain the market growth. For instance, installing a TMS system set up
requires minimum cost of $10,000 and can reach up to $50K. However benefits
associated with TMS such as reduction of freight expenses, real time track
deliveries increasing efficiency and productivity set to create opportunities
for the TMS market.
Transportation Management System Market Landscape
Technology launches,
acquisitions and R&D activities are the key strategies adopted by players
in the Transportation Management System market. In 2019, the market of
Transportation Management System top 10 companies are SAP, Oracle, Manhattan
Associates, The Descartes Systems Group Inc, JDA Software Group, Inc, CTSI
Global, Trimble Transportation Enterprise Solutions, Inc, BluJay Solutions,
MercuryGate International Inc, EFKON GmbH, and among others.
Acquisitions/Technology Launches
- In March 2019, Trimble Transportation Enterprise Solutions, Inc had launched a new TMT Service Connect module in order to provide its software to more than 4,500 medium and heavy duty service locations which also includes many Original OEM dealers throughout North America. Introduction of new services set to propel the market growth.
- In July 2019, MercuryGate International, Inc. which is a transportation management solution provider had acquired TranSolutions, Inc., which is a U.S. based company in order to strengthen its business in providing transportation-centric claims management software, thereby driving the transportation management system market share.
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LIST OF TABLES
1.Global Transportation Management System Market Analysis By Transportation Mode Market 2019-2024 ($M)1.1 Roadways Market 2019-2024 ($M) - Global Industry Research
1.2 Railways Market 2019-2024 ($M) - Global Industry Research
2.Global Transportation Management System Market Analysis By Component Market 2019-2024 ($M)
2.1 Solution Type Market 2019-2024 ($M) - Global Industry Research
2.1.1 Traffic Management Market 2019-2024 ($M)
2.1.2 Operations Management Market 2019-2024 ($M)
2.2 Hardware Market 2019-2024 ($M) - Global Industry Research
2.2.1 Cameras Market 2019-2024 ($M)
2.2.2 Sensors Market 2019-2024 ($M)
2.3 Services Market 2019-2024 ($M) - Global Industry Research
2.3.1 Training & Education Market 2019-2024 ($M)
2.3.2 System Integration Market 2019-2024 ($M)
2.3.3 Support & Maintenance Market 2019-2024 ($M)
2.4 Hosted Market 2019-2024 ($M) - Global Industry Research
2.5 On-Premises Market 2019-2024 ($M) - Global Industry Research
2.6 Consumer Goods & Retail Market 2019-2024 ($M) - Global Industry Research
2.7 Parcel & Package Market 2019-2024 ($M) - Global Industry Research
2.8 Fire Station Market 2019-2024 ($M) - Global Industry Research
2.9 Hospital Market 2019-2024 ($M) - Global Industry Research
2.10 Travel & Tourism Market 2019-2024 ($M) - Global Industry Research
2.11 Mining Market 2019-2024 ($M) - Global Industry Research
3.Global Transportation Management System Market Analysis By Transportation Mode Market 2019-2024 (Volume/Units)
3.1 Roadways Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Railways Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Transportation Management System Market Analysis By Component Market 2019-2024 (Volume/Units)
4.1 Solution Type Market 2019-2024 (Volume/Units) - Global Industry Research
4.1.1 Traffic Management Market 2019-2024 (Volume/Units)
4.1.2 Operations Management Market 2019-2024 (Volume/Units)
4.2 Hardware Market 2019-2024 (Volume/Units) - Global Industry Research
4.2.1 Cameras Market 2019-2024 (Volume/Units)
4.2.2 Sensors Market 2019-2024 (Volume/Units)
4.3 Services Market 2019-2024 (Volume/Units) - Global Industry Research
4.3.1 Training & Education Market 2019-2024 (Volume/Units)
4.3.2 System Integration Market 2019-2024 (Volume/Units)
4.3.3 Support & Maintenance Market 2019-2024 (Volume/Units)
4.4 Hosted Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 On-Premises Market 2019-2024 (Volume/Units) - Global Industry Research
4.6 Consumer Goods & Retail Market 2019-2024 (Volume/Units) - Global Industry Research
4.7 Parcel & Package Market 2019-2024 (Volume/Units) - Global Industry Research
4.8 Fire Station Market 2019-2024 (Volume/Units) - Global Industry Research
4.9 Hospital Market 2019-2024 (Volume/Units) - Global Industry Research
4.10 Travel & Tourism Market 2019-2024 (Volume/Units) - Global Industry Research
4.11 Mining Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Transportation Management System Market Analysis By Transportation Mode Market 2019-2024 ($M)
5.1 Roadways Market 2019-2024 ($M) - Regional Industry Research
5.2 Railways Market 2019-2024 ($M) - Regional Industry Research
6.North America Transportation Management System Market Analysis By Component Market 2019-2024 ($M)
6.1 Solution Type Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Traffic Management Market 2019-2024 ($M)
6.1.2 Operations Management Market 2019-2024 ($M)
6.2 Hardware Market 2019-2024 ($M) - Regional Industry Research
6.2.1 Cameras Market 2019-2024 ($M)
6.2.2 Sensors Market 2019-2024 ($M)
6.3 Services Market 2019-2024 ($M) - Regional Industry Research
6.3.1 Training & Education Market 2019-2024 ($M)
6.3.2 System Integration Market 2019-2024 ($M)
6.3.3 Support & Maintenance Market 2019-2024 ($M)
6.4 Hosted Market 2019-2024 ($M) - Regional Industry Research
6.5 On-Premises Market 2019-2024 ($M) - Regional Industry Research
6.6 Consumer Goods & Retail Market 2019-2024 ($M) - Regional Industry Research
6.7 Parcel & Package Market 2019-2024 ($M) - Regional Industry Research
6.8 Fire Station Market 2019-2024 ($M) - Regional Industry Research
6.9 Hospital Market 2019-2024 ($M) - Regional Industry Research
6.10 Travel & Tourism Market 2019-2024 ($M) - Regional Industry Research
6.11 Mining Market 2019-2024 ($M) - Regional Industry Research
7.South America Transportation Management System Market Analysis By Transportation Mode Market 2019-2024 ($M)
7.1 Roadways Market 2019-2024 ($M) - Regional Industry Research
7.2 Railways Market 2019-2024 ($M) - Regional Industry Research
8.South America Transportation Management System Market Analysis By Component Market 2019-2024 ($M)
8.1 Solution Type Market 2019-2024 ($M) - Regional Industry Research
8.1.1 Traffic Management Market 2019-2024 ($M)
8.1.2 Operations Management Market 2019-2024 ($M)
8.2 Hardware Market 2019-2024 ($M) - Regional Industry Research
8.2.1 Cameras Market 2019-2024 ($M)
8.2.2 Sensors Market 2019-2024 ($M)
8.3 Services Market 2019-2024 ($M) - Regional Industry Research
8.3.1 Training & Education Market 2019-2024 ($M)
8.3.2 System Integration Market 2019-2024 ($M)
8.3.3 Support & Maintenance Market 2019-2024 ($M)
8.4 Hosted Market 2019-2024 ($M) - Regional Industry Research
8.5 On-Premises Market 2019-2024 ($M) - Regional Industry Research
8.6 Consumer Goods & Retail Market 2019-2024 ($M) - Regional Industry Research
8.7 Parcel & Package Market 2019-2024 ($M) - Regional Industry Research
8.8 Fire Station Market 2019-2024 ($M) - Regional Industry Research
8.9 Hospital Market 2019-2024 ($M) - Regional Industry Research
8.10 Travel & Tourism Market 2019-2024 ($M) - Regional Industry Research
8.11 Mining Market 2019-2024 ($M) - Regional Industry Research
9.Europe Transportation Management System Market Analysis By Transportation Mode Market 2019-2024 ($M)
9.1 Roadways Market 2019-2024 ($M) - Regional Industry Research
9.2 Railways Market 2019-2024 ($M) - Regional Industry Research
10.Europe Transportation Management System Market Analysis By Component Market 2019-2024 ($M)
10.1 Solution Type Market 2019-2024 ($M) - Regional Industry Research
10.1.1 Traffic Management Market 2019-2024 ($M)
10.1.2 Operations Management Market 2019-2024 ($M)
10.2 Hardware Market 2019-2024 ($M) - Regional Industry Research
10.2.1 Cameras Market 2019-2024 ($M)
10.2.2 Sensors Market 2019-2024 ($M)
10.3 Services Market 2019-2024 ($M) - Regional Industry Research
10.3.1 Training & Education Market 2019-2024 ($M)
10.3.2 System Integration Market 2019-2024 ($M)
10.3.3 Support & Maintenance Market 2019-2024 ($M)
10.4 Hosted Market 2019-2024 ($M) - Regional Industry Research
10.5 On-Premises Market 2019-2024 ($M) - Regional Industry Research
10.6 Consumer Goods & Retail Market 2019-2024 ($M) - Regional Industry Research
10.7 Parcel & Package Market 2019-2024 ($M) - Regional Industry Research
10.8 Fire Station Market 2019-2024 ($M) - Regional Industry Research
10.9 Hospital Market 2019-2024 ($M) - Regional Industry Research
10.10 Travel & Tourism Market 2019-2024 ($M) - Regional Industry Research
10.11 Mining Market 2019-2024 ($M) - Regional Industry Research
11.APAC Transportation Management System Market Analysis By Transportation Mode Market 2019-2024 ($M)
11.1 Roadways Market 2019-2024 ($M) - Regional Industry Research
11.2 Railways Market 2019-2024 ($M) - Regional Industry Research
12.APAC Transportation Management System Market Analysis By Component Market 2019-2024 ($M)
12.1 Solution Type Market 2019-2024 ($M) - Regional Industry Research
12.1.1 Traffic Management Market 2019-2024 ($M)
12.1.2 Operations Management Market 2019-2024 ($M)
12.2 Hardware Market 2019-2024 ($M) - Regional Industry Research
12.2.1 Cameras Market 2019-2024 ($M)
12.2.2 Sensors Market 2019-2024 ($M)
12.3 Services Market 2019-2024 ($M) - Regional Industry Research
12.3.1 Training & Education Market 2019-2024 ($M)
12.3.2 System Integration Market 2019-2024 ($M)
12.3.3 Support & Maintenance Market 2019-2024 ($M)
12.4 Hosted Market 2019-2024 ($M) - Regional Industry Research
12.5 On-Premises Market 2019-2024 ($M) - Regional Industry Research
12.6 Consumer Goods & Retail Market 2019-2024 ($M) - Regional Industry Research
12.7 Parcel & Package Market 2019-2024 ($M) - Regional Industry Research
12.8 Fire Station Market 2019-2024 ($M) - Regional Industry Research
12.9 Hospital Market 2019-2024 ($M) - Regional Industry Research
12.10 Travel & Tourism Market 2019-2024 ($M) - Regional Industry Research
12.11 Mining Market 2019-2024 ($M) - Regional Industry Research
13.MENA Transportation Management System Market Analysis By Transportation Mode Market 2019-2024 ($M)
13.1 Roadways Market 2019-2024 ($M) - Regional Industry Research
13.2 Railways Market 2019-2024 ($M) - Regional Industry Research
14.MENA Transportation Management System Market Analysis By Component Market 2019-2024 ($M)
14.1 Solution Type Market 2019-2024 ($M) - Regional Industry Research
14.1.1 Traffic Management Market 2019-2024 ($M)
14.1.2 Operations Management Market 2019-2024 ($M)
14.2 Hardware Market 2019-2024 ($M) - Regional Industry Research
14.2.1 Cameras Market 2019-2024 ($M)
14.2.2 Sensors Market 2019-2024 ($M)
14.3 Services Market 2019-2024 ($M) - Regional Industry Research
14.3.1 Training & Education Market 2019-2024 ($M)
14.3.2 System Integration Market 2019-2024 ($M)
14.3.3 Support & Maintenance Market 2019-2024 ($M)
14.4 Hosted Market 2019-2024 ($M) - Regional Industry Research
14.5 On-Premises Market 2019-2024 ($M) - Regional Industry Research
14.6 Consumer Goods & Retail Market 2019-2024 ($M) - Regional Industry Research
14.7 Parcel & Package Market 2019-2024 ($M) - Regional Industry Research
14.8 Fire Station Market 2019-2024 ($M) - Regional Industry Research
14.9 Hospital Market 2019-2024 ($M) - Regional Industry Research
14.10 Travel & Tourism Market 2019-2024 ($M) - Regional Industry Research
14.11 Mining Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Transportation Management System Market Revenue, 2019-2024 ($M)2.Canada Transportation Management System Market Revenue, 2019-2024 ($M)
3.Mexico Transportation Management System Market Revenue, 2019-2024 ($M)
4.Brazil Transportation Management System Market Revenue, 2019-2024 ($M)
5.Argentina Transportation Management System Market Revenue, 2019-2024 ($M)
6.Peru Transportation Management System Market Revenue, 2019-2024 ($M)
7.Colombia Transportation Management System Market Revenue, 2019-2024 ($M)
8.Chile Transportation Management System Market Revenue, 2019-2024 ($M)
9.Rest of South America Transportation Management System Market Revenue, 2019-2024 ($M)
10.UK Transportation Management System Market Revenue, 2019-2024 ($M)
11.Germany Transportation Management System Market Revenue, 2019-2024 ($M)
12.France Transportation Management System Market Revenue, 2019-2024 ($M)
13.Italy Transportation Management System Market Revenue, 2019-2024 ($M)
14.Spain Transportation Management System Market Revenue, 2019-2024 ($M)
15.Rest of Europe Transportation Management System Market Revenue, 2019-2024 ($M)
16.China Transportation Management System Market Revenue, 2019-2024 ($M)
17.India Transportation Management System Market Revenue, 2019-2024 ($M)
18.Japan Transportation Management System Market Revenue, 2019-2024 ($M)
19.South Korea Transportation Management System Market Revenue, 2019-2024 ($M)
20.South Africa Transportation Management System Market Revenue, 2019-2024 ($M)
21.North America Transportation Management System By Application
22.South America Transportation Management System By Application
23.Europe Transportation Management System By Application
24.APAC Transportation Management System By Application
25.MENA Transportation Management System By Application
26.SAP SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Oracle Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Manhattan Associates, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Descartes, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Inet-Logistics GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Blujay Solutions, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Efkon AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Metro Infrasys Private Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)