Latin America Transportation Management System Market Size & Outlook
Latin America transportation management system market, 2018-2030 (US$M)
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Latin America transportation management system market highlights
- The Latin America transportation management system market generated a revenue of USD 543.1 million in 2023.
- The market is expected to grow at a CAGR of 18% from 2024 to 2030.
- In terms of segment, fright & order management was the largest revenue generating solution in 2023.
- Reporting & Analytics is the most lucrative solution segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 543.1 million |
| Market revenue in 2030 | USD 1,734.1 million |
| Growth rate | 18% (CAGR from 2023 to 2030) |
| Largest segment | Fright & order management |
| Fastest growing segment | Reporting & Analytics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Operational Planning, Fright & Order Management, Payment & Claims management, Monitoring & Tracking, Reporting & Analytics |
| Key market players worldwide | Globaltrans Investment PLC DR, Trimble Inc, International Business Machines Corp, Panasonic Holdings Corp, Manhattan Associates Inc, Oracle Corp, SAP SE ADR, The Descartes Systems Group Inc, E2open Parent Holdings Inc Class A, GoComet, Infor, MercuryGate International |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.0% of the global transportation management system market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 12,819.2 million by 2030.
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Transportation Management System Market Scope
Transportation Management System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America transportation management system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to transportation management system market will help companies and investors design strategic landscapes.
Fright & order management was the largest segment with a revenue share of 25.04% in 2023. Horizon Databook has segmented the Latin America transportation management system market based on operational planning, fright & order management, payment & claims management, monitoring & tracking, reporting & analytics covering the revenue growth of each sub-segment from 2018 to 2030.
South American countries heavily reliant on the transportation of goods across vast distances, TMS offers real-time tracking and monitoring capabilities, ensuring seamless coordination, and streamlined operations.
Furthermore, the rapid growth of e-commerce and digitalization has significantly propelled the adoption of TMS in the region. As consumers increasingly turn to online shopping, companies are compelled to optimize their logistics networks and last-mile delivery processes, prompting the integration of TMS solutions to facilitate effective route planning, inventory management, and order tracking.
This integration helps companies to meet customer demands efficiently and improve overall service levels. Hence, businesses are seeking comprehensive solutions to minimize transportation expenses while adhering to compliance requirements.
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Our clientele includes a mix of transportation management system market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America transportation management system market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America transportation management system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America transportation management system market size, by country, 2018-2030 (US$M)
Latin America Transportation Management System Market Outlook Share, 2023 & 2030 (US$M)
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