Deployment (Cloud, On-Premise)
Growth of the cloud segment, with a transportation management system market share of about 53% by 2037 can be attributed to the increasing need for the scalability and flexibility of transportation management systems. A cloud computing solution provides scalability and the ability to access data from anywhere with an internet connection, as well as the ability to increase or decrease IT resources to meet changing demands. Additionally, cloud solutions provide real-time visibility into companies' shipments, allowing them to better manage their supply chain operations.
End-use (Retail & E-commerce, Manufacturing, Logistics, Government Organizations)
A significant share of about 32% is expected to be gained by the manufacturing segment by 2037 attributable to rising automation in the manufacturing sector and increasing adoption of advanced technologies such as robots and artificial intelligence (AI). Over 36% of manufacturing companies use AI, while 41% are exploring using AI in future projects. In addition, advances in sensor and data storage technology have made it possible to track shipments in real-time, thereby reducing logistics and transportation costs.
Our in-depth analysis of the market includes the following segments:
Deployment |
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Transportation Mode |
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End Use |
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Author Credits: Saima Khursheed
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