The Business Research Company’s Transportation Management System Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Transportation Management System Global Market Report 2023 evaluates transportation management system market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global transportation management system market size is expected to grow from $9.63 billion in 2022 to $11.27 billion in 2023 at a compound annual growth rate (CAGR) of 17.00%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The transportation management system market size is expected to reach $20.88 billion in 2027 at a CAGR of 16.67%.

The adoption of cloud and IoT applications is expected to drive the growth of the transportation management system market. APIs and other interfaces for pushing and extracting data to and from IoT sensor devices and downstream applications are included in IoT and cloud applications. The Internet of Things (IoT) delivers highly integrated and simplified transportation and warehouse management solutions in the transport, logistics, and fleet management sectors, connecting in-vehicle sensors and other cohesive digital devices through the network. For instance, in 2022, according to a Finoit Inc. IT services firm report, many transportation and logistics organizations implementing RFID today are achieving nearly 100% shipping and receiving accuracy, 99.5 % inventory accuracy, 30% faster order processing, and 30% labour cost reduction. Therefore, the adoption of cloud and IoT applications will propel the transportation management system market.

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The transportation management system market segments in the report are:
1) By Solution Type: Planning And Execution, Order Management, Audit, Payment, And Claims, Reporting And Analytics, Routing And Tracking
2) By Component: Solution, Services
3) By Deployment: On-Premise, Cloud
4) By Transportation Mode: Roadways, Railways, Airways, Maritime
5) By Industry Vertical: Retail, Healthcare And Pharmaceutical, Manufacturing, Energy And Utilities, Government Sector, Other Industry Verticals

The table of contents in TBRC’s transportation management system market report includes:
1. Executive Summary
2. Transportation Management System Market Characteristics
3. Transportation Management System Market Trends And Strategies
4. Transportation Management System Market - Macro Economic Scenario
5. Transportation Management System Market Size And Growth
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26. Africa Transportation Management System Market
27. Transportation Management System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Transportation Management System Market
29. Transportation Management System Market Future Outlook and Potential Analysis
30. Appendix

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