Transportation Management System (TMS) Market Overview:
This study's objective is to present a thorough market segmentation by geographic regions and product types, as well as an overview of the Transportation Management System (TMS) industry. The analysis includes major information on market positions of the top Transportation Management System (TMS) organizations as well as significant industry trends and opportunities.
The study also includes information on the major players in the global Transportation Management System (TMS) Market, such as company biographies, product images and specifications, production capacity, pricing, cost, and contact information. This study examines the entire Transportation Management System (TMS) Market Size from a global perspective and makes predictions about future trends based on past data.
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.
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COVID-19 Impact Analysis on Transportation Management System (TMS) Market:
The COVID-19 outbreak has caused substantial changes in consumer behavior across many areas of society. On the other hand, industries will need to modify their strategies to account for changing market supply. This report offers an overview of COVID-19's impact on the market and will help you build your business in accordance with the new industry standards. The results are verified through reviews and market leaders. The secondary research and analysis of the same are done using both paid and unpaid databases. Consumption in each nation by kind and supply by each player are sourced from legitimate government databases, paid databases, and, in the case of listed firms, company annual reports.
Transportation Management System (TMS) Market Scope:
Aftermarket engineering undertook thorough primary research that included data triangulation, market breakdown, estimates, computations of market statistics, and calculations of market size in order to gather information, validate important figures, and verify the findings. To calculate percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. Based on the stated market size's acceptance or usage in the relevant region, the global markets and their sub-segments are segmented by country. Numerous market and industry-related topics are highlighted in the research. New product launches, business expansions, partnerships, joint ventures, and acquisitions are a few examples of marketing techniques. Additionally, the key components of the market research that clearly focus on the industry landscape have all been taken into consideration when structuring this study.
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Segmentation Analysis:
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. Many large manufacturing and distribution organisations still favour on-premise TMS due to the need for data security, quick access to the server, and superior control over modification. However, incumbents from a wide range of industries and industry verticals are anticipated to switch 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, Airways, and Maritime 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.
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.
Key Competitors:
The industry placed a strong emphasis on alliances, purchases, and collaborations as inorganic growth tactics. The Transportation Management System (TMS) Market's potential for future rapid growth means that industry participants should benefit from it. The businesses listed below make up the global Transportation Management System (TMS) Market.
• 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
• Alpega
• Nulogx
• Logistyx Technologies
• RateLinx
• Qiva
• Trimble
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Regional Analysis:
After examining the political, economic, social, and technological aspects influencing the Transportation Management System (TMS) Market in each of these regions, the report also includes extensive PESTLE assessments for each of the five regions—North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
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