The Latest Tms Industry Statistics Explained
North America holds the highest market share at about 40 % in the global TMS industry.
The statistic indicates that North America has the largest market share, accounting for approximately 40% of the total market in the global Transportation Management System (TMS) industry. This suggests that North America is a significant player in the TMS market, with a strong presence and influence compared to other regions worldwide. Companies in North America likely have high adoption rates of TMS solutions, reflecting a mature market, advanced supply chain capabilities, and a greater focus on efficiency and cost-effectiveness in transportation operations. Additionally, this statistic may point towards potential growth opportunities and lucrative business prospects for TMS providers and organizations looking to expand or enter the North American market.
By 2027, the Asia-Pacific region is projected to grow at the highest CAGR of approximately 18% in the TMS market.
This statistic indicates that between the years 2021 and 2027, the Asia-Pacific region is expected to experience the highest Compound Annual Growth Rate (CAGR) of approximately 18% in the Transportation Management System (TMS) market. This suggests a significant and rapid expansion in the adoption and utilization of TMS within the Asia-Pacific region over the forecasted period. Factors driving this growth may include increasing investments in infrastructure, growing e-commerce activities, expanding manufacturing sectors, and a greater emphasis on improving supply chain efficiency and transparency. Such a high CAGR signifies a strong potential for market development and presents promising opportunities for businesses operating within, or looking to enter, the TMS market in the Asia-Pacific region.
In 2020, cloud-based deployment held the largest TMS market share of 59.4%.
In 2020, the statistic that cloud-based deployment held the largest TMS (Transportation Management System) market share of 59.4% indicates that a majority of companies in the transportation industry used cloud-based solutions for managing their transportation operations that year. This suggests a strong preference for cloud-based TMS among businesses due to its various advantages such as scalability, accessibility, cost-effectiveness, and ease of implementation. The significant market share held by cloud-based TMS highlights the growing trend of digital transformation within the transportation sector, as companies increasingly leverage technology to streamline and optimize their logistics and supply chain processes.
The freight transportation segment of the TMS market is expected to witness the highest growth during the forecast period.
The statistic suggests that within the Transportation Management System (TMS) market, the segment focusing on freight transportation is projected to experience the most significant increase in value and adoption over the forecast period. This indicates a growing demand and interest in technology solutions specifically tailored for efficiently managing and optimizing freight transportation operations. Factors such as increasing global trade, e-commerce growth, and the need for streamlined logistics processes are likely driving this anticipated growth in the freight transportation segment of the TMS market. Organizations are recognizing the importance of leveraging technological advancements to enhance visibility, control, and cost-effectiveness in their logistics and supply chain management, hence driving the expected expansion of the TMS market in the freight transportation realm.
Around 85% of shippers reported increasing their usage of TMS applications in 2018.
The statistic indicates that approximately 85% of shippers reported an increase in their utilization of Transportation Management System (TMS) applications in 2018. This suggests a notable trend towards greater adoption and reliance on technology within the shipping industry during that year. The rising usage of TMS applications can be indicative of shippers recognizing the benefits of such tools in streamlining processes, enhancing efficiency, and improving overall logistics management. This statistic highlights the importance of technology in modern supply chain operations and signifies a shift towards more tech-savvy practices within the shipping sector.
In 2019, North America’s Transportation Management Systems market had a value of USD 1,000 million.
The statistic states that in 2019, the Transportation Management Systems market in North America achieved a total worth of USD 1,000 million. This figure represents the combined value of all transportation management systems, software, and services in the North American region specifically tailored to facilitate the planning and execution of transportation operations for businesses and organizations. The market value of USD 1,000 million indicates the significant scale and economic importance of the transportation management sector in North America during that year, highlighting the substantial investments and expenditures made by companies looking to optimize their transportation processes and enhance operational efficiency through the use of advanced technologies and systems.
By 2025, the Transportation Management Systems industry is expected to achieve a global market size of almost USD 4,893 million.
The statistic indicates that by the year 2025, the Transportation Management Systems (TMS) industry is projected to reach a significant global market size of nearly USD 4,893 million. This forecast suggests a strong growth trajectory for the TMS sector, implying increasing demand for transportation management solutions across various industries worldwide. The expected market size reflects the growing emphasis on optimizing logistical operations, enhancing supply chain efficiency, and improving transportation workflows through the implementation of TMS. This statistic highlights the potential opportunities for businesses within the TMS industry to capitalize on the anticipated market growth and meet the evolving needs of the transportation and logistics sectors as we approach the year 2025.
Railways are expected to become the fastest-growing segment in TMS, with a CAGR of 16.5% from 2022 to 2028.
This statistic suggests that the railway sector is projected to experience significant growth in the Transportation Management System (TMS) industry, with a Compound Annual Growth Rate (CAGR) of 16.5% between 2022 and 2028. This indicates a strong expected expansion in the utilization and implementation of TMS within the railway segment over the specified timeframe. The substantial growth rate highlights the increasing adoption of TMS technologies within railway operations, likely driven by factors such as improving efficiency, cost reduction, and the need for streamlined logistics management. This projected trend underscores the importance of TMS solutions in enhancing operational performance and competitiveness within the railway industry.
The largest TMS market players in 2020 were SAP, Oracle Corporation, Manhattan Associates, and Blue Yonder.
The statistic indicates that in 2020, the Transportation Management Systems (TMS) market was predominantly led by the companies SAP, Oracle Corporation, Manhattan Associates, and Blue Yonder. These companies emerged as the largest players in the TMS market, suggesting that they had a significant market share and influence within the industry during that particular year. Their presence and dominance in the market landscape could be attributed to various factors such as the quality of their TMS solutions, customer base, level of innovation, and overall reputation within the industry.
3PLs are expected to witness a considerable rise in the adoption of TMS in the near future.
The statistic suggests that third-party logistics providers (3PLs) are likely to experience a significant increase in the use of transportation management systems (TMS) in the near future. This uptick in adoption could be driven by various factors such as advancements in technology, growing complexities in supply chain operations, and the increasing need for efficient and cost-effective transportation solutions. Embracing TMS can help 3PLs streamline their operations, enhance visibility and control over shipments, optimize routing and scheduling, improve customer service, and ultimately drive business growth. As the industry continues to evolve and become more competitive, the adoption of TMS by 3PLs is expected to play a crucial role in meeting the demands of customers and staying ahead of the curve.
The on-premise TMS segment is projected to grow at a CAGR of 6% from 2021 to 2028.
This statistic indicates that the on-premise Transportation Management System (TMS) segment is expected to experience a Compound Annual Growth Rate (CAGR) of 6% from the year 2021 through to 2028. A CAGR of 6% represents the average annual growth rate over the specified timeframe, suggesting a steady increase in market size and adoption of on-premise TMS solutions within the transportation industry. This projection highlights a positive forecast for the on-premise TMS segment, potentially driven by factors such as increasing demand for efficiency in transportation operations, regulatory requirements, and the need for real-time visibility and control over logistics processes.
Freight management held the majority share in the overall TMS market in 2019.
In 2019, freight management held the majority share in the overall Transportation Management System (TMS) market, indicating that it was the leading segment within the industry. This statistic suggests that of all the different aspects of TMS, such as fleet management, route optimization, and shipment tracking, freight management had the highest market penetration and likely generated the most revenue within the market. This could be due to factors such as the growing complexity of supply chains, the increasing demand for efficient transportation solutions, and the importance of cost-effective freight management strategies for businesses. The dominance of freight management in the TMS market implies its significant role in shaping the industry landscape and driving innovation in transportation logistics.
E-commerce is expected to drive growth in TMS industry displaying a rise in the TMS applications by approximately 75% in the forecast period.
The statistic suggests that the Transportation Management System (TMS) industry is projected to experience significant growth, largely due to the increasing influence of E-commerce. The forecast indicates a substantial rise of approximately 75% in the adoption and usage of TMS applications within a specified period. This growth is attributed to the expanding E-commerce sector, which relies heavily on efficient transportation logistics to ensure timely deliveries to customers. As online shopping continues to surge in popularity, companies are recognizing the importance of TMS in streamlining their supply chain operations and optimizing transportation processes to meet the demands of E-commerce fulfillment.
A 2020 survey revealed that 47% of supply chain professionals indicated that having real-time visibility was the biggest benefit of TMS.
The statistic that 47% of supply chain professionals indicated that having real-time visibility was the biggest benefit of Transportation Management Systems (TMS) signifies the importance of real-time data access in optimizing supply chain operations. Real-time visibility enables professionals to monitor the movement of goods, track inventory levels, and respond promptly to disruptions or delays. This statistic highlights the growing recognition within the industry of the critical role that real-time information plays in enhancing efficiency, reducing costs, and improving overall decision-making processes in supply chain management. It underscores the increasing adoption and reliance on TMS technology to streamline operations and drive strategic growth within the logistics and transportation sectors.
Over 27% of companies are considering investing in a TMS within the next 12 months.
The statistic “Over 27% of companies are considering investing in a TMS within the next 12 months” indicates that a significant portion of businesses are contemplating implementing a Transportation Management System (TMS) in the near future. This suggests a growing recognition among companies of the potential benefits that a TMS can offer in streamlining transportation operations, optimizing logistics, reducing costs, and improving overall efficiency. The statistic underscores the increasing importance that companies place on leveraging technology to enhance their supply chain and transportation capabilities to stay competitive in the evolving business landscape. It also hints at a trend towards digital transformation and adoption of innovative solutions within the logistics and transportation industry.
References
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