Transportation Management Systems Market size, share & Forecast 2029

 

Transportation Management Systems Market

Transportation Management Systems Market was valued at USD 9.5 billion in 2021, and is estimated to reach USD 31.8 billion in 2029, growing at a significant higher CAGR of 16.3% during 2022-2029.

The factors driving the growth of Transportation Management Systems Market includes expansion of the e-commerce industry, rising complexities in transportation and logistics, increasing penetration of smart devices, and connected machines and improvements in the living standards. Moreover, integration of advanced technologies such as Artificial Intelligence (AI) and blockchain in transportation management systems, rise in the launch of innovative products, commercialization of 5G technology and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, Government initiatives regarding the rollout of intelligent transportation systems and growing population growth rates, are further contributing towards the market growth.

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However, growth of the Transportation Management Systems Market is hindered due to rising concerns related to data security.

The leading players operating in the market are The Descartes Systems Group Inc., Infor, Inc., IBM Corporation, 3GTMS, Hauwei, Cerasis, Inc., Inet-logistics GmbH, JDA Software Group, Inc., Kuebix and C.H. Robinson Worldwide, Inc., among others.

Based on Deployment, the On-Premises segment is predicted to grow at a significant CAGR during the forecast period

On premise solutions enables convenient access to the server and provides better control over customization, is propelling Transportation Management Systems Market size.

Based on Mode of Transportation, the Waterways segment is projected to expand at a robust CAGR over the forecast period

Government initiatives promoting the use of waterways for transportation related activities, is pushing growth of the segment. 

Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period

Technological innovations in the transportation management systems, expansion of the e-commerce industry, rollout of 5G technology across India and China, rapid urbanization, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.

Key Development

  • In 2019, Hauwei officially introduced its UPS power module globally, which has helped in the expansion of its product portfolio.

Market Segmentation

Segmentation by Deployment

  • On-Premise
  • Cloud

Segmentation by Mode of Transportation

  • Roadways
  • Railways
  • Waterways
  • Airways

Segmentation by End-Use

  • Retail & E-commerce
  • Manufacturing
  • Logistics
  • Government Organizations
  • Others

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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