The Global Transportation Management Market is estimated to grow at a CAGR of 9.5% during the forecast period. A transportation management system (TMS) is a technology-based logistics platform that assists organisations in planning, executing, and optimising the physical movement of goods, both incoming and outgoing, as well as ensuring that the shipment is compliant and that correct paperwork is accessible. This system is frequently integrated into a bigger supply chain management (SCM) system. A transportation management system (TMS), often known as transportation management software or transportation management solution, provides visibility into daily transportation operations, trade compliance information and documentation, and ensures the timely delivery of freight and goods.
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The transportation management system market is positively correlated due to factors such as massive technological advancement in the transportation and logistics sector. Furthermore, the e-commerce industry's exponential rise has increased demand for efficient transportation solutions, which is expected to become a key driving force for the total market. However, there is a growing concern over data security, which is having a dizzying effect on the industry. Increasing acceptance of cloud technology and industry 4.0, as well as the rising popularity of autonomous and connected vehicles, are expected to boost market growth throughout the forecast period. Advanced technologies like the Internet of Things (IoT), big data, and artificial intelligence (AI), as well as their predictive capabilities, have resulted in smarter and more effective transportation operations. For Instance, in February 2020, Power Distribution, a US provider of mission-critical power distribution, static switching, and power monitoring equipment and services for data centres, industrial, and commercial customers, was bought by Eaton. The company's data centre power distribution and monitoring solutions will be expanded as a result of this acquisition.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Transportation Management Market Segmentation,
By Component
o Solution
o Services
By Deployment
o On-premise
o Cloud
By Industry Vertical
o Retail
o Healthcare & Pharmaceutical
o Manufacturing
o Energy & Utilities
o Government Sector
o Others
By Solution Type
o Planning & Execution
o Order Management
o Audit, Payment, & Claims
o Reporting & Analytics
o Routing & Tracking
Global Transportation Management Market By region,
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
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