ARC Advisory Group finds that the continued growth of e-commerce from the initial surge during the COVID-19 pandemic has led to increased customer expectations and new fulfillment models. These new fulfillment models have been beneficial for the industry and continue to help “drive-on-time” deliveries, driving growth in the market for transportation management systems (TMS). The TMS market grew steadily in 2022. Coming out of the pandemic, the TMS market was poised for growth as the economy rebounded. Part of this is the nature of TMS and the industries it serves, such as CPG and food & beverage in particular. The economic recovery in the second half of the year has the TMS market poised for continued growth.
"The COVID-19 pandemic pushed e-commerce to levels that were unfathomable in early 2020, and this is a trend that will continue to grow. While this is putting an added strain on shippers and carriers to fulfill customer orders and meet expectations, it is a boon to the TMS market as retail, CPG, and food & beverage companies in particular look to meet growing demand. Technology has been steadily improving over the last few years within the TMS market. There are a number of technologies that are improving performance and helping to reduce freight spending. These technologies include visibility tools, machine learning and artificial intelligence, and IoT," according to Chris Cunnane, Director of Research and key author of ARC's Transportation Management Systems Market Research.
Transportation Management Systems Market Trends
In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:
- Artificial Intelligence Provides Better Visibility and Planning Improvements
- Customers Looking for Real-time Visibility Solutions
- SaaS Transition Has a Significant Impact on Supplier Business
Leading Suppliers to Transportation Management Systems Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Blue Yonder, Descartes Systems, Oracle, SAP, TMW Systems.
About the Transportation Management Systems Research
The Transportation Management Systems research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The research segmentation includes Industry, World Region, Revenue Category, Customer Tier, Function, Retail by Vertical, Overall Scope.
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