Market Highlights
The Global Transportation Management System Market is spanned across North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America. North America is expected to be one of the largest markets with the early adoption of TMS. For the purpose of analysis, North America has been segmented into the US, Canada, and Mexico. During the forecast period, the US is expected to be the leading region, growing at a CAGR of 5.7%, followed by Canada with 7.2%, and Mexico with 6.4%. The presence of key market players such as Oracle Corporation, JDA Software Group, Manhattan Associates, and CTSI-Global in the US has driven the growth of the transportation management system market in the region. Moreover, increasing demand for cloud-based TMS by third-party logistics service providers and retail and e-commerce industries is further expected to propel the growth of the virtual reality market in North America in the near future.
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On the other hand, Asia-Pacific is expected to witness the fastest growth at a CAGR of 8.4% in the transportation management system market during the forecast period. huge investments by the domestic e-commerce sector, growth in parcel shipment market, adoption of IoT-based fleet management solutions, collaboration among the telecom giants in the industry to develop strong supply chain management solutions, and growth of smart logistics is driving the market in the region. The Asia-Pacific region has been segmented into five regions–China, Japan, India, and the rest of Asia-Pacific. China is dominating the market in the Asia-Pacific region owing to rapid digitalization transformation in the logistics sector and domestic retail sector investing in the development of smart logistics network across the country is also driving the demand for efficient transportation management systems. India is expected to grow with the fastest CAGR of 8.9% owing to the growth of e-commerce companies such as Flipkart, Myntra, and Amazon.com in the country.
Europe is witnessing a steady growth in the global transportation management system market. For the purpose of analysis, Europe has been segmented into five countries—the UK, Germany, France, and the rest of Europe. increase in adoption of click and collect strategies by the retailers to improve the customer experience is driving the market growth in Europe. The UK, Germany, and France are the major revenue contributors to the market in the region.
The Global Transportation Management System Market share is expected to reach USD 4,839.0 Million by 2025 at a CAGR of over 6.7% by the end of the forecast period 2019–2025.
Segmentation
The global transportation management system market has been segmented on the basis of component, deployment, industry, and region. Based on the component, the market has been segmented into solutions, hardware, and services. The deployment segment has been sub-segmented into on-premise and cloud. The industry segment has been sub-segmented into retail, travel and tourism, healthcare, construction and mining, and others. The region includes North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
Prominent Players
Some of the Prominent Players in the Global Transportation Management System Market are Oracle Corporation (US), JDA Software Group, Inc. (the US), Manhattan Associates Inc. (US), Descartes Systems Group Inc. (Canada), SAP SE (Germany), BluJay Solutions Ltd (US), CTSI-GLOBAL (US), EFKON GmbH (Austria), Alpega Group (Austria), HighJump (US), MercuryGate (US), One Network (US), QAD Precision (US), Cargosmart (Hong Kong), Next Generation Logistics (US) ORTEC (The Netherlands), TMW Systems (US), and Omnitracs, LLC (US).
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