According to the research report titled ‘Global Transportation Management Systems Market Size study, by Deployment (On-premise and Cloud), by Mode of Transport (Roadways, Railways, Waterways and Airways), by End-use (Retail & E-commerce, Manufacturing, Logistics, Government organizations and Others), and Regional Forecasts 2021-2027’, available with Market Study Report, global transportation management systems market was worth USD  99.4 billion in 2020 and is expected to register 11.7% CAGR with a valuation of USD 215.65 billion over 2021-2027.
 

Escalating e-commerce and retail sectors, in consort with surging bilateral trade agreement among nations are catalyzing the growth of global transportation management systems market.
 

According to the estimates by Statista, India e-commerce market size was valued at USD 64 billion in 2020 and is estimated to reach USD 188 billion by 2025, with its current valuation in 2021 being USD 84 billion.
 

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For the unversed, transportation management systems facilitate freight procurement and shipment in various organizations with the help of tools like route planning & optimization, payments, carrier management & order visibility, freight audit, yard management, and load building.
 

Higher return on investment for transportation management systems, alongside integration of latest technologies like AI and blockchain is also expected to propel the industry scenario.
 

On the contrary, rising concern over data security is likely to hamper the business domain in the ensuing years.
 

In terms of deployment, worldwide global transportation management systems industry is classified into cloud, and on-premise. Based on mode of transport, the market is bifurcated into airways, railways, waterways, and roadways. Speaking of end-user terrain, the industry space is fragmented into manufacturing, government organizations, logistics, retail & e-commerce, and others.
 

Speaking of regional ambit, North America held major portion of the industry share in the recent past, owing to soaring adoption of roadways for freight. Parallelly, Asia Pacific market is anticipated to record a strong growth rate over 2021-2027, creditable to governmental initiatives for developing smart transportation as well as surging retail and e-commerce industries in Indonesia, India and China.
 

Leading companies in global transportation management systems market sphere include BluJay Solutions, The Descartes Systems Group Inc., MercuryGate International Inc., International Business Machines Corporation, C.H. Robinson, 3Gtms Inc., Blue Yonder, Infor, Manhattan Associates, and Cerasis Inc.