Growth in intermodal transportation coupled with the growing popularity of SaaS-based TMS solutions is primarily driving the growth of the global market. Further, increasing demand for advanced TMS solutions, replacing traditional outdated systems is strongly boosting the global market growth.

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Although updating supply chain applications is often a difficult task, the cost benefits achieved by advanced TMS solutions are driving the replacement demand. Updating TMS solutions ensures cost benefits when favored carriers are used on a regular basis or when favored procurement positions are negotiated and coordinated. However, lack of awareness among end users and high deployment costs are deterring the growth of the global market.

On the basis of the geography, the global market has been categorized into North America, Europe, Asia Pacific, the Middle East and Africa and Latin America. North America, closely followed by Europe, reports a greater deployment of TMS solutions, compared to other regions.

In 2016, North America held over 37.5% of the global market and is expected to remain dominant over the next few years. Along with the proliferation of cloud-computing technologies, the increasing use of RFID technology in the supply chain system has helped the market gain momentum in the region.

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