Transportation Management System Market Size, Share, Growth Report and Forecast

1. Transportation Management System Market Size, Share, Growth Report and Forecast to 2029 The Transportation Management System Market Size is expected to reach USD 40.3 billion by 2029 from USD 16.0 billion in 2024, at a CAGR of 20.2 % during 2024–2029, according to new research report by MarketsandMarkets™ Environmental sustainability is becoming increasingly important for businesses and consumers alike. Governments are implementing stricter regulations to reduce carbon emissions, and companies are setting ambitious sustainability goals. TMS solutions support these efforts by optimizing routes to reduce fuel consumption, integrating electric and alternative fuel vehicles, and providing analytics to monitor and report on environmental impact. These capabilities help businesses minimize their carbon footprint and meet regulatory requirements while also potentially reducing costs associated with fuel and emissions. Download Our Premium PDF Brochure Now @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=232446179 The 3PL end users segment is projected to register the highest CAGR during the forecast period. Companies seeking efficient inventory management and distribution solutions often engage third-party logistics providers (3PLs). The increasing adoption of tracking technologies such as RFID and GPS has significantly bolstered the growth of 3PLs by enhancing visibility across supply chains. To streamline processes and reduce manual workloads, end users of 3PL services are increasingly turning TMS solutions. These solutions leverage automation and analytics to deliver actionable insights that accelerate delivery times, lower shipping costs, and optimize planning processes. The solution segment contributed the largest market share in the transportation management system market during the forecast period. TMS solutions serve as essential software platforms that optimize freight movement effectively. They empower businesses across various industries, including manufacturers and retailers, by enabling them to efficiently plan, optimize, and monitor shipments throughout their supply chains. TMS solutions provide real-time visibility into every stage of transportation, facilitating informed decisions on carrier selection, route planning, and cost management. This results in faster deliveries, reduced transportation costs, and enhanced overall customer satisfaction. The TMS market encompasses a wide range of solution segments, including planning and execution, order management, audit and payment, analytics and reporting, as well as routing and tracking functionalities. These segments collectively address diverse transportation needs, driving down operational costs and improving efficiency. With the advent of digitization and cloud computing, the demand for TMS solutions has surged globally, further propelled by the expansion of domestic and international e-commerce activities. Buy Now and Stay Ahead of the Competition https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=232446179 Based on region, Asia Pacific is projected to register the highest CAGR during the forecast period. The TMS market in Asia Pacific is witnessing dynamic growth driven by robust domestic demand in countries such as Australia, South Korea, Japan, China, and India. The region's economy continues to expand, bolstering logistics and transportation sectors. Key factors contributing to this growth include strong intra-regional trade agreements, recovering global demand, and the adoption of advanced cloud- based transportation solutions. Developing countries in Asia Pacific are particularly focused on automating their transportation and supply chain operations, leveraging new platforms and services to enhance efficiency.

2. The report profiles key players such as Oracle (US), SAP (Germany), Manhattan Associates (US), C.H. Robinson (US), Trimble (US), WiseTech Global (Australia), Descartes (Canada), E2open (US), Generix Group (France), MercuryGate (US), Blue Yonder (US), Uber Freight (US), Alpega Group (Belgium), Worldwide Express (US), Infor (US), Kinaxis (Canada), Shipwell (US), 3T Logistics & Technology Group (UK), Ratelinx (US), oTMS (China), nShift (UK), BlueRock TMS (Netherlands), Elemica (US), TESISQUARE (Italy), vTradEx (China), Shiptify (France), GlobalTranz (US), InMotion Global (US), Logistically (US), One Network Enterprises (US), IntelliTrans (US), Allotrac (Australia), Revenova (US), Princeton TMX (US), CTSI Global (US), PCS Software (US), and Shipsy (India). About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting- edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com