Information Communication and Technology Reports TMS Market Research Report 2022

Transportation Management System Market is expected to
grow from USD 78.20 Billion in 2017 to USD 202.14 Billion by
2022
According to a new market research report ”Transportation Management System Market by Transportation
Mode (Railways and Roadways), Component (Solution Type, Hardware, and Services), Deployment Mode
(Hosted and On-premises), Application, and Region - Global Forecast to 2022", published by
MarketsandMarkets™, The global transportation management system market is expected to grow from USD 78.20
Billion in 2017 to USD 202.14 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.9%.
The growth of the global transportation management system market is driven by various factors, such as the
revolution of industries due to digitization, rapid urbanization, and rising congestion in the metro cities. The
growing population and congestion in urban areas are in turn increasing the demands for transportation
management systems.
Browse 111 market data Tables and 56 Figures spread through 161 Pages and in-depth TOC on "Transportation
Management System Market by Transportation Mode (Railways and Roadways), Component (Solution Type,
Hardware, and Services), Deployment Mode (Hosted and On-Premises), Application, and Region – Global Forecast
to 2022"
Major Key Companies
Major vendors offering transportation management solutions and services include SAP SE (Germany), Oracle (US),
Manhattan Associates (US), Descartes (Canada), JDA Software (US), CTSI-Global (US), Inet-Logistics GMBH (Austria),
BluJay Solutions (UK), MercuryGate International (US), and Efkon AG (Austria).
Moreover, high Return on Investment (RoI), and enhanced visibility and control are a few other factors driving the
market growth. With the adoption of digital technologies, transportation vendors and third-party providers have
reduced the overall transportation costs and minimized delivery errors, resulting in the growth of the
transportation management system market.
Support and maintenance segment to grow at the highest CAGR during the forecast period
Among services, the support and maintenance segment is expected to account for the highest CAGR during the
forecast period. These services provide transport operators with the necessary tools to control the entire
transportation supply chain, leading to an increase in the demand for transportation management solutions. The
support and maintenance services have a promising future as the transportation management system market is
rapidly evolving; hence, the requirement for appropriate pre- and post-sales services, such as design and
implementation, maintenance, and overall training and system support would run high.
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Roadways segment to account for a larger market size during the forecast period