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Global Transportation Management Systems Market to be Propelled by Rising Intermodal Transportations

Article Description

The global market for transportation management systems (TMS) has been experiencing a significant rise over the last few years. The rise in the intermodal transportations has fueled the demand for TMS remarkably. The increasing popularity of SaaS-based TMS solutions has also boosted this market in the recent past. However, the dearth of awareness regarding these solutions among end users and the high cost associated with the deployment of TMS are likely to hamper the growth of this market in the coming years.

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In 2013, the worldwide market for TMS stood at US$6.8 bn. The market is expected to be stimulated extensively by the rising adoption of cloud computing in the global arena and reach a value of US$19.2 bn by 2022, expanding at a CAGR of 12.20% between 2014 and 2022.

North America led the worldwide market for TMS in 2013 with a majority share in the overall revenue generated in the market that year. The rising adoption of SaaS-based solutions in this region has boosted the North America TMS market significantly. Along with this, the rising uptake of RFID technology in the supply chain systems in North America has also propelled the demand for TMS in this region over the last few years.

On-demand Solutions to Lead Global TMS Market in Nearing Future

On-demand solutions and on-premise solutions are the main types of TMS available in this market based on software deployment. On-premise solutions dominated the global market for TMS in 2013. However, in the coming years, the deployment rate of on-demand solutions is likely to increase tremendously while the market for on-premise solution is projected to slow down, leading to the dominance of the former over the next few years.

The increasing preference for SaaS-based solutions among end users, on account of the benefits offered by these solutions such as enhance visibility and the high level of cooperation among the participants in the supply chain, is projected to stimulate the demand for on-demand software solutions in the near future.

Transportation and Logistics Sector Emerges as Biggest End User of Transportation Management Systems

The food and beverages, transportation and logistics, electrical and electronics, retail, pharmaceutical, and industrial sectors are the key end users of TMS across the world. In 2013, the deployment of TMS was the highest in the transportation and logistics sector, accounting for more than 50% of its global consumption.

The advancement in the capabilities of TMS solutions and the rising demand for optimization of supply chain are likely to boost the deployment of TMS in the transportation and logistics industry in the near future.

TMS Participants Focus on Expanding Competence of TMS solutions

Precision Software Inc., Oracle Corp., One Network Enterprises, 3GTMS Inc., SAP SE, Descartes Systems Group Inc., Lean Logistics Inc., CargoSmart Ltd., Manhattan Associates Inc., and JDA Software Group Inc. are the major suppliers of TMS in the global arena.

Currently, the main focus of these players is on expanding the competence of TMS solutions beyond the conventional features in order to enable the end-use industries to coordinate all their operations in the supply chain.