Transportation Management System Market Global Growth By 2030 | Analysis by Trends, Competitor Strategy, High Emerging

Cloud-based SaaS solutions to drive the market is a significant factor driving the global transportation management system market

VANCOUVER, BC, CANADA, June 8, 2023/EINPresswire.com/ -- The global Transportation Management System (TMS) market size is expected to reach USD 44.96 Billion at a steady revenue CAGR of 19.1% in 2030, according to the latest analysis by Emergen Research. Technological advancements in the transportation and logistics industry can be attributed to the steady market revenue growth of transportation management system. One such advancement is Small Parcel Shipping (SPS) integration. Looking back at logistics and supply chain technology, it was only lately that certain transportation management systems started to incorporate parcels (small packets). TMS concentrated on Over-The-Road (OTR) in the 2000s, with Less-Than-Truckload (LTL) and Full Truckload (TL) as the main modes of transportation, eliminating alternatives for shipping by sea, air, rail, and intermodal. In order to better serve clients, next-generation TMS solutions address these issues by providing accurate and immediate pricing quotes with a variety of delivery options, integrated label printing, tracking, and invoicing.

A Transportation Management System (TMS) is a comprehensive software solution designed to streamline and optimize the logistical operations of businesses involved in transportation and supply chain management. It provides a centralized platform that enables efficient planning, execution, and monitoring of all aspects of transportation, including route optimization, load planning, carrier selection, freight auditing, real-time tracking, and performance analysis. By automating and integrating these processes, TMS enhances operational efficiency, reduces costs, improves customer service, and facilitates data-driven decision-making, ultimately helping businesses achieve greater control, visibility, and effectiveness in their transportation operations.

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The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.

Prominent Players Analyzed in the Report:

Oracle, SAP, Manhattan Associates, C.H. Robinson Worldwide, Inc., e2open, LLC., Trimble Inc., WiseTech Global, The Descartes Systems Group Inc., MercuryGate , Blue Yonder Group, Inc.

The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities,

Some Key Highlights From the Report

On 18 May 2020, the 9.3 versions of the SAP Extended Warehouse Management (SAP EWM) and SAP Transportation Management (SAP TM) applications were released, according to SAP SE. The SAP Transportation Management (SAP TM) and SAP Extended Warehouse Management (SAP EWM) programs will now be accessible in the 9.3 editions, according to a statement from SAP SE. By adding transit warehousing options for service providers who combine warehousing and transportation at logistics hubs, these updates improve integration between logistics processes.

The solutions segment is expected to account for largest revenue share in the global market over the forecast period. Using transportation management system solutions has various advantages. Better customer service, increased warehouse productivity, tracking deliveries, inventory control, and cheaper shipping costs are just a few advantages of transportation management system solutions. The current TMS technology provides for complete supply chain transparency. A major benefit is having access to and real-time visibility into all other integrated systems data. Logistical managers are better equipped to expect possible problems and act more quickly and effectively. This maintains a high level of client satisfaction without sacrificing efficiency or performance.

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For the purpose of this report, Emergen Research has segmented global transportation management system market on the basis of component, transportation mode, deployment type, vertical, and region:

Component Outlook (Revenue, USD Million; 2019-2030)

Solutions

Planning & Execution

Order Management

Audit, Payment, and Claims

Analytics & Reporting

Routing & Tracking

Services

Consulting

Integration & Implementation

Support & Maintenance

Transportation Mode Outlook (Revenue, USD Million; 2019-2030)

Roadways

Railways

Airways

Maritime

Deployment Type Outlook (Revenue, USD Million; 2019-2030)

On-Premises

Cloud

Vertical Outlook (Revenue, USD Million; 2019-2030)

Retail

Healthcare & Pharmaceutical

Manufacturing

Transportation & Logistics

Energy & Utilities

Government

Other Verticals

 The study delivers real answers for questions about market segmentation by types, region and application to power the overall market research for the forecast period. Subject matter experts behind the market analysis have collaborated with some of the highly acclaimed business owners to track records and estimate what is happening in areas such as technology innovation, production volume, end-use and product pricing. Research analysts have further remodeled their approach to present a report uniquely positioned to offer unmatched information on prominent manufactures, new entrants, exiting white spaces, acquisitions and mergers, collaborations and product launches.

𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐭𝐨 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭

Current and future of global Transportation Management System market outlook in the developed and emerging markets

The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.

Regions/countries that are expected to witness the fastest growth rates during the forecast period

The latest developments, market shares, and strategies that are employed by the major market players

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