Transportation Management System Market is projected to grow at a CAGR of 8.20% during the forecast period: MRFR

Market Research Future has published a Cooked Research Report on the Global Transportation Management System Market.

The transportation management system market is predicted to reach USD 9.6 billion by 2032, registering an 8.20% CAGR during the forecast period, 2024–2032. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years. The global transportation management system market is expected to witness substantial growth during the forecast period, primarily due to digitization of transportation industry.

Transportation Management System Market Highlights

The global transportation management systems market has been segmented into component, enterprise size, and Industry.

Based on component, the global transport system management is segmented into solution, hardware, and services. Based on solution, the market is further segmented into cloud and on-premises. The solution segment accounted for the largest market share in 2021 and is expected to register a CAGR of 8.7% during the forecast period. The hardware segment was the second-largest market in 2021, valued at USD XX million; it is projected to exhibit a CAGR of 6.6%. However, the services segment is expected to register the highest CAGR of 10.5%.

Based on enterprise size, the global transportation management systems is segmented into SME, large enterprises. Transportation management systems help SMEs solve their business problems. SMEs play an important role in the economy, employing vast numbers of people and helping to shape innovation. The adoption of transportation management system among SMEs is estimated to grow at the highest CAGR during the forecast period. The large enterprise segment accounted for the largest market share and is expected to dominate the market during the forecast period. It provides features such as carrier tracking, route optimization, order management, analytics, and account settlement. Additionally, the demand for scalable, flexible, and convenient services by large enterprises is anticipated to drive the growth of the segment.

Based on Industry the global transportation management systems is segmented into retail, logistic provider, manufacturing, automotive, healthcare & pharmaceuticals, and others. Retail segment holds a largest market share in 2021. The retail industry is growing at an exponential rate which in turn is increasing the competition in the market. Due to this, retailers have immense pressure to deliver efficient services. Consumers expect a consistent and seamless shopping experience, therefore, the need for fast and free home delivery services have now become a primary focus of the retailers. To meet the customer needs, large and even mid-size retailers are deploying transportation management systems for the efficient management their logistics. Many retailers are increasingly employing comprehensive transportation management systems to meet the growing demand in a stipulated timeframe.

The electrical and electronics, industrial, food and beverage, transportation and logistics and retail sectors have surfaced as the prime application areas of transportation management systems across the world. Among these, the logistics providers segment is expected to continue its dominance over the forecast, majorly on account of demand from third-party logistics providers, with road transportation service providers being the largest end-users of transportation management systems.

Regional Analysis

Geographically, the global transportation management system market has been segmented into North America, Europe, the Middle East & Africa, and South America.

North America is likely to lead the transportation management system market. The players present in North America are one of the top players in the world. North America accounted for the largest market share of XX% in 2021, with a market value of USD XXX million; the market is expected to register a CAGR of 6.6% during the forecast period. The North America continues to hold the lion’s share in the transportation management system market. This is due to early adoption of technology, high availability of skilled expertise, robust cloud infrastructure, and presence of well-established players such as Oracle Corporation, JDA Software Group, Manhattan Associates, and CTSI-Global, offering intelligent transportation solutions for supply chain management. On the demand side, third-party logistic (3PL) providers, distributors, and e-commerce companies are significantly adopting cloud-based transportation management solutions that allow them to manage and improve their daily operations of transportation fleets

Europe was the second-largest market in 2021, valued at USD XXX million; the market is projected to exhibit a CAGR of 9.2%. The market is driven by the developed Western European region that includes Germany, the UK, France, Spain, Italy, and the rest of Europe. The market growth is attributed to growth of the e-commerce sector and increase in adoption of click and collect strategies by the retailers to improve the customer experience. According to industry experts, more than 30% of the share in Western European countries is held by retailers.

Asia-Pacific is expected to be the fastest-growing market for transportation management systems in the coming years. The market growth is driven by huge investments by 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. The market is driven by China, Japan, India, and the rest of Asia-Pacific.

Competitive Landscape

The transportation management system market is growing at a remarkable rate due to significant technological innovations. Digital revolution in the transportation industry is a major factor responsible for the growth of the transportation management system market during the forecast period. However, data privacy and security concerns are expected to hamper the growth of the market.

According to MRFR analysis, the growth of the transportation management system market is dependent on market conditions. The key vendors in the market are Oracle Corporation, Blue Yonder Group, Inc., Manhattan Associates Inc, The Descartes Systems Group Inc, SAP SE, E2open, LLC. (BluJay Solutions Ltd.), CTSI-GLOBAL, EFKON GmbH, Alpega Group, Körber AG (HighJump), Mercurygate, One Network Enterprises, Precision Software, CARGOSMART, Next Generation Logistics, ORTEC, TMW Systems (Trimble), Omnitracs, and Everlog.

Key Players

• Oracle Corporation (US)


• Blue Yonder Group, Inc. (AZ)


• SAP SE (Germany)


• Manhattan Associates Inc (US)


• e2open, LLC. (US)

These players focus on expanding and enhancing their resolution portfolio and services to remain competitive and increase their customer base. Additionally, these players are focusing on partnerships & collaborations to expand their business and customer base to enhance their market position.