Transportation Management System Market To Experience Robust Growth At A Cagr Of 14.5% During 2022-2032, Market.us Study

The Transportation Management System Market size is projected to surpass around USD 46.2 billion by 2032 from a market size of USD 12.4 billion in 2022, and it is poised to reach a CAGR of 14.5% from 2023 to 2032. The market’s growth is being driven by the increased spending on local infrastructure, and the presence of top TMS vendors. The COVID-19 pandemic had a significant impact on the sector, resulting in unusually low sales and installation rates. Factors affecting the growth of the Transportation Management System Market include disruptions in the retail industry, such as compelled lockdowns and a shift in consumer spending habits.