Transportation Management Systems Statistics 2024

In an era where efficient logistics and streamlined supply chains are paramount, understanding the nuances of transportation management systems (TMS) in 2024 is crucial. These statistics shed light on the evolving dynamics of transportation management, offering a window into current trends and future projections. For businesses striving to stay competitive, having a grasp of these numbers is not just beneficial—it’s essential. Such insights can relate to operational efficiency, cost reduction, and enhanced customer satisfaction, all of which are pivotal in a market that’s constantly in flux.

Key stakeholders such as logistics managers, supply chain strategists, and policy makers will find this data invaluable. For instance, logistics managers can leverage these statistics to optimize routes and manage fleet operations more effectively. Supply chain strategists can identify bottlenecks and streamline processes, while policymakers can understand the broader impact on infrastructure and regional development. By delving into these statistics, stakeholders across the board can gauge how TMS integrates with broader industry trends, leading to more informed and impactful decisions.

Ultimately, these data points are more than just numbers; they serve as a compass in the rapidly evolving world of transportation management. Decision-makers armed with such information can craft strategies that not only respond to current challenges but also anticipate future needs, ensuring their organizations thrive in a competitive landscape. By understanding transportation management systems in 2024, businesses position themselves at the forefront of innovation and efficiency.

Check our review: Best LLC Services, LegalZoom LLC Reviews, ZenBusiness Review, TailorBrands Review

Top Transportation Management Systems Statistics 2024

☰ Use “CTRL+F” to quickly find Transportation Management Systems facts. There are total 88 Transportation Management Systems Statistics on this page 🙂

Market Overview

• The global transportation management systems market was valued at USD 11.0 billion in 2022 [?].
• The market is expected to reach USD 44.5 billion by 2032, growing at a CAGR of 15% from 2023 to 2032 [3].
• North America emerged as the most significant global transportation management systems market, with a 48% market revenue share in 2022 [3].
• The on-premise segment dominated the market, with a market share of around 54.9% in 2022 [3].
• The manufacturing segment dominated, with a market share of around 38% in 2022 [3].
• The global transportation management systems market is growing at a CAGR of 15% during the forecast period 2023-2032 [3].
• The study forecasts global, regional, and country revenue from 2019 to 2032 [3].
• The transportation management system market reached a valuation of USD 5.9 Bn in 2021; however, worldwide revenues were down -3.2% year-over-year owing to stalled transportation for a considerable time amid COVID-19 [5].
• The global transportation management system market size is expected to accumulate a market value of US$ 6.9 Bn in 2022 [5].
• The sales of the transportation system are expected to surpass US$ 19.1 Bn through the forecast period 2022-2032 [5].
• Revenue Analysis of Transportation Management Systems from 2017 to 2021 Compared to Demand Outlook for 2022 to 2032 [5].
• Owing to this, demand for transportation management systems is projected to surge at a CAGR of 10.7% over the coming 10 years [5].
• Fact.MR estimates that transportation management system revenue will grow 2.8X from 2022 to 2032, reaching nearly US$ 19.1 Bn by 2032 [5].
• Transportation management solution revenue will account for over 65% share, owing to increasing adoption of advanced transportation management across emerging countries [5].
• Roadways command over 40% of transportation management system revenue; however, revenue from maritime is expected to grow at a significant pace [5].
• Among the verticals, manufacturing and transportation & logistics are expected to account for over 50% of market revenue by 2032 [5].
• Top 5 providers of transportation management systems held around 17% market share in 2021 [5].
• Thus, with nearly 12% projected growth rate, transportation management system revenue is expected to grow at the fastest pace in Asia Pacific [5].
• Thus, with an absolute dollar opportunity of US$ 4 Bn, North America is set to remain the most lucrative region for transportation management systems [5].
• The transportation management system industry is expected to surpass a CAGR of 10.7% from 2022-2032 [5].
• The transportation management system market is expected to reach nearly US$ 19.1 Bn by 2032 [5].
• Cloud-based TMS solutions account for over 60% of the total market share [10].
• The TMS market is expected to grow at a CAGR of 14.3% from 2021 to 2028 [10].
• The global TMS market size was valued at USD 7.5 billion in 2020 [10].
• The global transportation management systems market size was evaluated at USD 13.61 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2030 [15].
• The global transportation management systems market size is expected to be worth around USD 46.2 Billion by 2032, from USD 12.4 Billion by 2023, growing at a CAGR of 14.50% during the forecast period from 2023 to 2032 [16].
• The U.S. transportation management systems market size accounted for USD 3.05 billion in 2022 and is estimated to reach around USD 8.91 billion by 2032, growing at a CAGR of 11.32% from 2023 to 2032 [20].

Technological Innovations And Trends

• These insights are derived by working with our Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 3,790,000+ startups & scaleups globally [1].
• Innovation Map outlines the Top 10 Current Trends in Logistics & 20 Promising Startups [1].
• Tree Map reveals the Impact of the Top 10 Emerging Logistics Trends & Innovations in 2024 [1].
• The Tree Map below illustrates the 10 emerging trends in logistics that will impact companies in 2024 [1].
• Industry 4.0 refers to the technological revolution taking place in the manufacturing and warehousing world [4].
• Sustainability in all its facets is undoubtedly the most important trend for 2024 and beyond [4].
• The historic agreement at the recent COP 28 summit to decarbonize shipping between major shipping organizations shows the willingness to change from within the industry itself [4].
• Within Europe, changing EU regulations around emissions reporting will also require companies to report their Scope 3 emissions, i.e., those generated from within supply chain operations [4].
• There are positive signs at the start of 2024 that the logistics industry is moving in a more sustainable direction [4].
• The transportation management solution industry is expected to register a CAGR of 12% throughout South Asia [5].
• With instant quotes, real-time tracking, and 24/7 access to trusted carriers, Uber helps streamline your operations [2].
• Advanced route optimization features in TMS can decrease delivery times by 20% [10].
• AI-powered platforms making it to top supply chain trends 2024, we can expect many innovations and startups interested in developing the logistics area [12].
• The implementation of cloud-based transportation management systems offers significant advantages like scalability, flexibility, and cost-effectiveness [16].
• The software adoption process follows six phases: awareness, interest, evaluation, trial, activation, and adoption [6].

Check our llc formation guides: Florida LLC, California LLC, Texas LLC, New York LLC, Ohio LLC, Illinois LLC

Industry Collaborations And Acquisitions

• In March 2022, a cooperation to change supply chain management’s access to diverse data sources was announced by the data cloud company Snowflake and the provider of digital supply chain and omnichannel commerce fulfillment Blue Yonder [3].
• In February 2020, Eaton acquired Power Distribution, a US-based supplier of mission-critical power distribution, static switching, and power monitoring tools and services for data centers, businesses, and industrial clients [3].
• In July 2021, GEFCO, an integrated logistics expert and provider of automotive logistics, selected the cloud-based transportation management system of Blue Yonder [5].
• In June 2021, Hy-Vee Inc., a retail store chain, deployed Manhattan Associates transportation management system [5].
• In July 2022, PCS Software launched Prime Express, its unified platform for shippers and carriers geared toward optimizing load-planning based on data from both sides of the house [8].
• In November 2021, Transportation Insight Holding Company (TI Holdco), a US-based non-asset, tech-enabled logistics and freight brokerage solutions provider, acquired SwanLeap Inc. for an undisclosed deal amount [11].
• In June 2021, Descartes Systems Group, the industry leader in uniting logistically demanding businesses in commerce, said it had acquired XPS Technologies, a provider of multi-carrier parcel shipping solutions for e-commerce [3].
• In February 2022, the largest supplier of refractory products globally, RHI Magnesita, selected Oracle Fusion Cloud Transportation Management, a part of Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) [3].
• In July 2022, PCS Software launched Prime Express, its unified platform for shippers and carriers geared toward optimizing load-planning based on data from both sides of the house [8].
• In June 2022, Descartes Systems Group announced the acquisition of XPS Technologies, a supplier of multi-carrier parcel shipping solutions for e-commerce [18].
• In March 2022, leading supply chain logistics company ArcBest unveiled VauxTM, a cutting-edge hardware and software solution that revolutionizes and modernizes freight loading, unloading, and transfer processes [19].
• In November 2023, Aptean announced that it has acquired 3T Logistics & Technology Group (3T), a company that offers cloud-based transportation management systems (TMS) to carriers and shippers in Europe and the United Kingdom [19].
• In November 2023, global supplier of mission-critical corporate software solutions Aptean announced that it has acquired 3T Logistics & Technology Group (3T), a company that offers cloud-based transportation management systems (TMS) to carriers and shippers in Europe and the United Kingdom [19].

Operational Efficiency And Cost Reduction

• Implementing a TMS can enhance on-time deliveries by up to 50% [10].
• The use of TMS can result in up to a 15% reduction in fuel costs [10].
• More than 50% of TMS adopters see a positive ROI within 18 months [10].
• TMS platforms have been shown to increase time savings by up to 25% for a brokerage and its staff [17].
• For most businesses, implementing a TMS can take anywhere between 1-2 months (for small or mid-sized shippers) and 3-6 months (for a large enterprise) [9].
• TMS implementation usually takes 1-2 months for smaller shippers and 3-6 months for a larger, more complex network [9].
• Digital transformation is reshaping the business world, with a staggering 91% of businesses embarking on digital initiatives [7].
• However, successful digital transformation is challenging, as evidenced by the fact that only 16% of organizations report success in their digital transformation efforts, often hindered by poor digital adoption rates [7].
• By 2025, 70% of organizations will use digital adoption platforms across the entire technology stack to overcome still insufficient application user experiences [7].
• Good onboarding is the key to success for any organization; poor onboarding could cost up to 213% of the employee’s salary [7].
• Successfully navigating digital adoption hinges on overcoming employee resistance, a critical challenge identified in the 2019 Prosci report [7].
• Research supports this, with a 2020 report from Deloitte highlighting that small and medium-sized enterprises (SMEs) investing in digital tools saw a 26% increase in productivity [7].
• Additionally, a study by IDC reveals that businesses delaying digital transformation risk losing up to 39% of their revenue to competitors who embrace digital innovation [7].

Market Segmentation And Regional Insights

• Transportation Management Systems Market Size By Deployment (On-premise and Cloud), By Mode Of Transportation (Roadways, Railways, Waterways, and Airways), By End-User (Retail & E-commerce, Manufacturing, Logistics, Government Organizations, and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032 [3].
• Global On-premise, Transportation Management Systems Market, By Region, 2019-2032 (USD Billion) [3].
• Global Transportation Management Systems Market, By Mode Of Transportation, 2019-2032 (USD Billion) [3].
• North America Transportation Management Systems Market, By Deployment, 2019-2032 (USD Billion) [3].
• Asia Pacific Transportation Management Systems Market, By End-User, 2019-2032 (USD Billion) [3].
• Middle East and Africa Transportation Management Systems Market, By Deployment, 2019-2032 (USD Billion) [3].
• Global Transportation Management Systems Market Share by Deployment (2023 & 2032) [3].
• Analysis of Transportation Management System market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more [5].
• Thus, transportation management solutions are expected to account for over 65% revenue by accounting for an absolute dollar opportunity of nearly US$ 8.2 Bn through 2032 in the market in the sales indicator period [5].
• The global transportation management system market revenue is expected to register a Compound Annual Growth Rate (CAGR) of 19.1% during the forecast period [14].
• The global transportation management system market size was USD 9.26 Billion in 2021 [14].
• Roadways segment accounted for the largest market share in 2020 [13].
• North America held the largest share of the market in 2020 [13].
• By Deployment, the on-premises segment has held the largest market share of 62% in 2022 [20].
• By Deployment, the hardware segment is anticipated to expand at the fastest CAGR of 17.8% between 2023 and 2032 [20].
• By Mode of Transportation, the roadways segment contributed the highest market share of 39% in 2022 [20].
• By End use, the manufacturing segment captured the highest market share of 34.8% in 2022 [20].
• The transportation management systems market has shown resilience in the face of the COVID-19 pandemic [20].
• Despite the challenges, the pandemic underscored the critical role of TMS in ensuring supply chain resilience and adaptability, positioning the market for continued growth in a post-COVID-19 world [20].
• According to the Deployment, the on-premises segment held 62% revenue share in 2022 [20].

Also Read