Transportation Management System Market Share

North America Market Forecast

With the growth of airline courier services and an increase in exports and imports in the region, North America is forecast to dominate the transportation management system sector, holding a market share of about 32% by 2037. A US multinational shipping and receiving and supply chain management company, United Parcel Service was founded in 1907 and is one of the world's largest. Approximately 5% of U.S. GDP is attributed to commercial aviation. U.S. airlines transport 57,000 tons of cargo every day, making the U.S. the world's largest freight market.

Asia Pacific Market Analysis

A share of approximately 28% is projected for the Asia Pacific transportation management system market by 2037. Growing demand for efficient and secure transportation management for various commodities, such as food and beverages, pharmaceuticals, chemicals, and others, coupled with the rising need for reducing operating costs and optimizing supply chain processes. In countries such as India and China, roadway transportation activities are on a large scale, requiring TMS to ease traffic congestion, improve safety, and increase efficiency. Over 60% of India’s freight is transported by road.