COVID Supply Chain Challenges Prompt Technology Investment - Global TMS Revenues to Nearly Double to US$31Billion by 2025

image
The expanding supply chain complexity underscores the need for synergistic technologies from AI to real-time tracking
03 Mar 2021

Proven ROI is the primary argument for Transportation Management System (TMS) adoption. Synergistic technologies like predictive analytics, automation, real-time tracking, machine learning, AI, and blockchain will continue to evolve for greater flexibility, improved customer support, and enhanced forecasting capabilities. TMS solutions enable greater visibility, efficiency, reliability, and flexibility of freight movement across modes, cargo types, and geographies. According to ABI Research, a global tech market advisory firm, worldwide TMS revenues are expected to nearly double from US$16 billion in 2020 to reach over US$31 billion in 2025. Leading providers include Blue Yonder, SAP, and Oracle. Partnerships with TMS suppliers are growing, like Werner Enterprises with Mastery Logistics Systems and Dana Inc. with Transplace.

“There is growing usage of open APIs and Software Development Kits (SDKs) to create customized solutions for different sized companies, verticals, and geographies as well as partners and co-opetition,” explains Susan Beardslee, Principal Analyst, Freight Transportation & Logistics. “Adoption triggers include capacity constraints, which are growing ever tighter (including driver shortages back to 2018 levels) and pushing up costs toward the double-digits. Beyond that, consumers and businesses continue to push for more granularity in answering, “where’s my stuff?” with an ETE, real-time response.”  

The expanding complexity of the supply chain has called into question the effectiveness of traditional solutions. Supply chain leaders across all verticals need to adopt a more advanced and inclusive approach to forecasting and adapting to a continually changing environment. A growing list of cloud-based software vendors is offering Artificial Intelligence (AI) and advanced analytics capabilities. These solutions can reliably interpret data from many complex indicators and execute more insightful and connected strategies.

These findings are from ABI Research’s Intelligent Supply Chain market data report. This report is part of the company’s Freight Transportation & Logistics research service, which includes research, data, and ABI Insights. Market Data spreadsheets are composed of deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight where opportunities lie.
 

About ABI Research

ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.

ABI Research 是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.

Contact ABI Research

Media Contacts

Americas: +1.516.624.2542
Europe: +44.(0).203.326.0142
Asia: +65 6950.5670

Related Service