The North America Transportation Management System Market would witness market growth of 16.2% CAGR during the forecast period (2021-2027).
The TMS can bring cost-efficiency in transportation by load and route optimization. By adopting TMS, companies can obtain valuable analytics and assessments and recommendations on cutting down the expenses. Additionally, some of the key trends of the transportation management systems market are the rise in the utilization of cloud computing technologies in order to better manage supply chain activities.
Some of the growth catalysts for the transportation management systems market are technological developments in technology like advanced driver assistance systems (ADAS), booming retail and e-commerce industries, and improving bilateral relations between several countries.
Since the enactment of the North America Free Trade Agreement (NAFTA) in 1994, the trade between US-Mexico borders has increased drastically. Considering this scenario, many American companies have shifted their manufacturing plants to Mexico to leverage a skilled workforce, advanced infrastructure, and close proximity to the United States.
The US market dominated the North America On-premise Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3,306.7 million by 2027. The Canada market is expected to witness a CAGR of 18.5% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 17.4% during (2021 - 2027).
Based on Deployment, the market is segmented into On-premise and Cloud. Based on End Use, the market is segmented into Manufacturing, Logistics, Retail & E-commerce, Government Sector and Others. Based on Mode of Transportation, the market is segmented into Roadways, Railways, Airways and Waterways. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Transportation Management Systems Market is Estimated to Reach USD 21.08 billion by 2027 at a CAGR of 17.0%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, SAP SE, Descartes Systems Group, Inc., Manhattan Associates, Inc., E2open Parent Holdings, Inc., C.H. Robinson Worldwide, Inc., MercuryGate International (Summit Partners), Blue Yonder, and Infor, Inc. (Koch Industries).
By Deployment
By End Use
By Mode of Transportation
By Country
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