Market Share of Transportation Management System Industry
The transportation management system market is moderately competitive. Due to rapid industrialization, this market has enormous potential to grow. Therefore, vendors are started to target untapped smaller companies, fueling the industry to penetrate every corner of the business. Some key players are Oracle Corporation, SAP SE, and Cerasis Inc., among others.
In June 2022, Descartes Systems Group, the industry pioneer in bringing together logistics-intensive enterprises in commerce, announced the acquisition of XPS Technologies, a supplier of multi-carrier parcel shipping solutions for e-commerce. Through this acquisition, all the small, medium, and large-sized e-commerce shippers can directly access XPS' cloud-based multi-carrier parcel shipping solutions.
In May 2022, the largest independent provider of TMS, MercuryGate International Inc., announced a partnership with Amazon Freight, an Amazon-powered freight delivery service. The MercuryGate platform would give shippers access to Amazon Freight's reliable network and affordable dynamic pricing.
Transportation Management Systems (TMS) Market Leaders
-
Manhattan Associates, Inc
-
Oracle Corporation
-
CargoSmart Ltd
-
MercuryGate International, Inc ( Summit Partners )
-
3Gtms ( Sumeru Equity Partners )
*Disclaimer: Major Players sorted in no particular order
