How big is the Transportation Management System Market?

The Transportation Management System Market size is expected to reach USD 2.08 billion in 2024 and grow at a CAGR of 8.92% to reach USD 3.19 billion by 2029. Read More

What is the current Transportation Management System Market size?

In 2024, the Transportation Management System Market size is expected to reach USD 2.08 billion. Read More

Who are the key players in Transportation Management System Market?

Manhattan Associates, Inc, Oracle Corporation, CargoSmart Ltd, MercuryGate International, Inc ( Summit Partners ) and 3Gtms ( Sumeru Equity Partners ) are the major companies operating in the Transportation Management System Market. Read More

Which is the fastest growing region in Transportation Management System Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Transportation Management System Market?

In 2024, the Europe accounts for the largest market share in Transportation Management System Market. Read More

What years does this Transportation Management System Market cover, and what was the market size in 2023?

In 2023, the Transportation Management System Market size was estimated at USD 1.91 billion. The report covers the Transportation Management System Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Transportation Management System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Transportation Management System Market Share

Statistics for the 2023 & 2024 Transportation Management System market share, created by Mordor Intelligence™ Industry Reports. Transportation Management System share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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.