Transport Management System Market

Transport Management System Market Overview 2022-2032

The global transport management system market leads to an estimated CAGR of 19% in the global market, during the forecast period and registers a revenue valued at US$ 11.73 Bn in 2022, and is expected to cross US$ 66.82 Bn by 2032.

Attributes	Details
Transport Management System Market Size (2022)	US$ 11.73 Billion
Transport Management System Market Size (2032)	US$ 66.82 Billion
Transport Management System Market CAGR	19%

Many platforms include routing tools to assist businesses in planning journeys in the most effective manner feasible. Key players focus on test systems as market leaders and worldwide suppliers. They also provide advanced software products and entire system solutions to their automobile sector customers. End users may improve how their company handles freight, fleet, and logistics to achieve long-term goals and maximize the return on their investment in global and domestic shipping across all modes and sectors. Furthermore, its transportation management system application unifies fleet and logistics management across networks, significantly reducing transportation complexity. They provide on-premise and cloud deployment, transportation and demand planning, interactive freight tendering, and a collaboration site as solutions. End customers may oversee all transportation activities in their global supply chain. This is likely to contribute to the transport management system market growth.

Transport management systems supplied by market participants enable end users to operate their logistics operations more efficiently, lower freight costs, and maximize service levels by combining simplicity of use with industry-leading capabilities. End users may identify the optimum approach to satisfy transportation requirements ranging from basic point-to-point to complicated multimodal, multileg, and cross-dock operations by optimizing their logistics network. Moreover, by partnering with logistics service providers and shipping partners, they may also expedite bids and orders by securing bids and effectively organizing inbound, outbound, and interfacility orders. Furthermore, they may create effective shipping plans to evaluate historical shipping trends and estimate optimal asset utilization through efficient freight lane combinations or cooperative routes. These factors are estimated to surge the adoption of transport management system.

A sophisticated transportation management system may be extended to a mobile workforce, drivers, and service suppliers. They can simply download an app associated with a key company to support various use cases such as viewing, accepting, and declining shipment tenders, collecting signatures for proof of delivery, marking shipments as favorites for easy look-up, providing current shipment status information, including GPS position, viewing rich detail of shipment, stop, and order detail, etc. Furthermore, certain market participants have effectively deployed contemporary, scalable cloud solutions that assist clients in streamlining operations, standardizing and automating procedures, and conducting effective management reporting, which is expected to drive the demand for transport management system in the forecast period.

Solutions offered by key players are purpose-built to simplify every mile of a supply chain, from start to finish and, if necessary, reverse logistics. The new standard for consumers is rapid, sustainable shipping with complete delivery visibility. These aspects support the growth of the transport management system market share. End users are also encouraged not to fall behind the curve with transportation management systems that fail to meet the expectations of their consumers. Users of freight technology are frequently forced to pick between huge, costly systems designed to interact with their ERP and less competent off-the-shelf options. Customers should not have to pick between usability and capability, according to key players. As a result, they bridge the gap by offering solutions with simple interfaces and pre-built connectors with all major ERPs at each stage of the shipment process which is likely to increase the adoption of transport management system.

They use cutting-edge technology with extensive industry knowledge to assist distributors, manufacturers, and retailers improve supply chain efficiency. End users may minimize hidden expenses and non-value-added operations with a clearer perspective of a supply chain. Whether it is necessary to optimize inventory for a single retail location or to integrate your entire global supply chain, key players provide SCM, sourcing, inventory, data integration, dispatch, and shipping solutions to assist end users in controlling costs while meeting customer expectations for speed and service. Furthermore, producers and distributors are under growing pressure to expedite the delivery of product orders. A supply-chain management (SCM) solution can help you manage warehouses and fulfilment operations more effectively. Kinetic warehouse management software gives you comprehensive control, management, and visibility over your logistics and supply chain management activities. All these factors are anticipated to surge the product demand and expand the global transport management system market size.

Global Transport Management System Market: Dynamics

Rapidly growing economies offer opportunities and challenges to the transportation industries. Increased shipment of goods across the globe is a major cause behind channel congestion and increase in competition between market players.

Thus, requirement of transportation management system is increasing due to need for safety standards while transportation, storage and handling of goods. With the increasing transportation costs due to complex and intensive transportation networks, need for transportation management system is also increasing which is driving the overall global transport management system market.

Moreover, increasing demand for ‘software as a service (SaaS)’ based transport management system is further anticipated to stimulate the global transport management system market. Increasing advancements in transport management systems over the conventional ones is another significant factor fuelling the growth of the global transport management system market.

Furthermore, increasing collaboration between hardware providers and content suppliers is a key element driving the global transport management system market. Moreover, lack of awareness regarding transport management system among various end-use industries is a major challenge hampering the growth of the global transport management system market.

Also, high cost associated with the initial installation of transport management system is another key factor restraining the smooth development of global transport management system market.

Global Transport Management System Market: Segmentation

The global transport management system market can be segmented on the basis of feature, application, type of license and transportation mode. On the basis of feature, the global transport management system market can be segmented into planning & optimization, execution and visibility & performance management.

On the basis of application, the global transport management system market can be segmented into transport sourcing, capacity management, performance management, network design, shipping consolidation and route planning. Among application, the transport sourcing segmented is further divided into single sourcing, multiple sourcing and hybrid sourcing.

On the basis of type of license, the global transport management system market can be segmented into on premises licensing, on premises hosted licensing and hosted licensing. Considering transportation mode, the global transport management system market can be segmented into railways, roadways, airways and seaways.

Global Transport Management System Market: Regional Outlook

Transport management system market is geographically divided into seven key regions including North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan.

North America is expected to account for the largest share in the global transport management system market over the forecast period due to integration of GPS and route planning system.

With the increase in international trade especially in the developing economies like China, India etc., Asia-Pacific excluding Japan is expected to witness a significant growth over the forecast period.

Moreover, due to continuous requirement of cost effective operations, Europe is also projected to witness a steady growth in the global transport management system market.

Global Transport Management System Market: Key Players

Some of the major key players in the global transport management system market are Capterra Inc., MercuryGate International Inc, Cerasis, Inc., Kratzer Automation AG, SAP, Oracle, JDA Software, Manhattan Association, Epicor, IBM, GTNexus, Infor Global Solution, Kewill System, High Jump software, PTC, IFS, IBS, Logility among others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

The report covers exhaustive analysis on

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Value Chain

Regional analysis includes

• North America
• Latin America
• Asia Pacific
• Japan
• Western Europe
• Eastern  Europe
• Middle East & Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.