Market Trends

Transportation Management System Market Overview Transportation Management System (TMS) Market size was  valued at $8.9 billion in 2020, and it is estimated to grow at a CAGR of 17.6% d uring 2021-2026. The growth of the TMS system is attributed to adoption of advanced technologies such as IoT, machine learning, artificial intelligence and others. Trucking software assists in managing the supply chain management in trucking logistics industry. Increasing investments on transportation and logistics software solutions is estimated to propel the transportation management industry during forecast period 2020-2025. Apart from time, traffic congestion upsurges carbon footprints of an area due to prolonged stationed vehicles, fuel loss, and road fatalities. With both ecological and economic adverse effects pertaining to traffic, TMS system market based on advanced telecommunication and information technology such as  GPS   and cloud service is gaining traction as an imperative asset for the