Transportation management systems involve sets of software and hardware that are deployed to manage logistics, warehouses, distribution systems, and order management systems. The transport management system market offers solutions for various transportation processes, such as traffic management, information management, and parking management. Transportation management solutions ensure efficient, safe, and effective customer transportation services.
MarketsandMarkets expects the global Transportation Management System Market to grow from USD 78.20 billion in 2017 to USD 202.14 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.9%. The real-time economy demands faster and timely execution of business processes across various industry verticals, especially in the supply chain, logistics, and transportation industries. This is expected to drive the growth of the transportation management system market.
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The regional markets in North America and Europe are expected to be the main revenue contributors in the transportation management system market as these regional markets are the first to experience the benefits offered by transportation management systems. These regions also host the major market players and are open to technology-related innovations. The emerging economies in the Asia Pacific (APAC) and Middle East and Africa (MEA) regions offer several untapped and unexplored opportunities for transportation management vendors. Among the regions, APAC is expected to witness the fastest growth rate in the transportation management system market during the forecast period due to increasing digitalization of the industries situated in the region.
The major transportation management system vendors include SAP SE (Walldorf, Germany), Oracle Corporation (California, US), Manhattan Associates (Georgia, US), Descartes (Waterloo, Ontario), JDA Software, Inc. (Arizona, US), CTSI-Global (Tennessee, US), Inet-Logistics GMBH (Dornbrin, Austria), BluJay Solutions (Greater Manchester, UK), MercuryGate International, Inc. (North Carolina, US), Efkon AG (Raaba/Graz, Austria), Metro Infrasys Private Limited (New Delhi, India), and TMW Systems, Inc. (Ohio, US).
